MT 300 Field Specifications

4. Field 22A: Type of Operation

FORMAT

Option A

4!c

(Type)

PRESENCE

Mandatory in mandatory sequence A

DEFINITION

This field specifies the function of the message.

CODES

One of the following codes must be used (Error code(s): T36):

AMND	Amendment	Replaces a previously sent confirmation with the amended one contained in this message. Used to add settlement agents to an MT 300 previously sent or to correct error(s) in an MT 300 previously sent.
CANC	Cancellation	Cancels a previously sent confirmation. Used to cancel an MT 300 previously sent or to cancel an MT 300 which contains erroneous information.
DUPL	Duplicate	Duplicates a previously sent confirmation. Used to inform the Receiver that a confirmation was already sent by telex, fax or SWIFT
EXOP	Option Exercise	Confirms the mutually agreed exercise of an option.
NEWT	New Confirmation	Used to send a confirmation for the first time or to send a corrected MT 300 when the erroneous one was cancelled using an MT 300 with function CANC.

USAGE RULES

An amendment or cancellation always refers to the previous confirmation identified in field 21 of this message.