MT 304 Field Specifications

4. Field 22A: Type of Operation

FORMAT

Option A

4!c

(Function)

PRESENCE

Mandatory in mandatory sequence A

DEFINITION

This field specifies the function of the message.

CODES

Function must contain one of the following codes (Error code(s): T36):

AMND	Amendment	Replaces a previously sent instruction with the amended one contained in this message. Used to add settlement agents to an MT 304 previously sent or to correct error(s) in an MT 304 previously sent or to add optional sequences/fields to an MT 304 previously sent.
CANC	Cancellation	Cancels a previously sent instruction. Used to cancel an MT 304 previously sent or to cancel an MT 304 which contains erroneous information.
DUPL	Duplicate	Duplicates a previously sent instruction. Used to inform the custodian that an instruction was already sent by telex, fax or SWIFT.
NEWT	New Advice/Instruction	Used to send an instruction for the first time or to send a corrected MT 304 when the erroneous one was cancelled using an MT 304 with function CANC.