 8a/4!a2!c4!n4!a2!c |
(Code)(Common Reference) |
Mandatory in mandatory sequence A
This field identifies the function of the message and contains a reference of the contract common to both the Sender and Receiver.
Code must contain one of the following codes:
| AMEND |
Amendment |
In confirmations sent by both financial institutions.Confirmation of mutually agreed changes to the quantity of the commodity, and/or price per unit, and/or consideration and/or settlement instructions of a contract for which a confirmation has been previously sent. |
| CANCEL |
Cancellation |
In confirmations sent by both financial institutions.Confirmation of the mutually agreed cancellation of a contract. |
| COMPLETE |
Complementary Information |
In confirmations sent by one financial institution.Complementary information used to advise for the first time the name of the financial institution in fields 53a, 57a and/or 87a (for example, in those cases where the previous confirmation contained the code word UNKNOWN in field 57a). |
| CORRECT |
Correction |
In confirmations sent by one financial institution.Retransmission due to error - sent to correct error(s) in a previously sent MT 600. |
| EXOPTION |
Exercised Option |
In confirmations sent by both financial institutions.Confirmation of the mutually agreed settlement of a commodity option which has been exercised. |
| NEW |
New Contract |
In confirmations sent by both financial institutions.Confirmation of a new contract. |
| NOTICE |
Notice |
In confirmations sent by both financial institutions.Liquidation notice for a forward deal. A notice is optional; its use is dependent on internal practices. |
Common Reference must contain the bank and location codes of the Sender and Receiver, that is, their BIC without the country code (Error code(s): T95). These codes must appear in alphabetical order, with letters taking precedence over numbers (Error code(s): T96).
The codes are separated by four digits, which must consist of the rightmost non-zero digits of the price per unit (that is, Price Per Unit of field 33G) (Error code(s): T22), preceded by the three digits to the left of it. If there are no digits to the left of it, the space must be zero-filled.
