If the SSI is for the Russian Rouble (RUB), the correspondent's account with the central bank must be present.
If the SSI is for the Mexican Peso (MXN), the beneficiary's account number must be present.
It is generally accepted that SSIs must be sent 30 days in advance of the SSI effective date.
The message may also be used to:
re-send a message (the sub-function of the message is DUPL)
provide a third party with a copy of the message (the sub-function of the message is COPY)
re-send a third party a copy of a message (sub-function of the message is CODU)
There is no specific functionality for cancellation. When an SSI is sent with the code NEWS (Sequence B Standing Settlement Instruction Details, field :22H::SSIP//NEWS), this over-writes any previously sent SSI for the same currency and market area .
The MT n92 Request for Cancellation may not be used to cancel a previously sent MT 670.
