 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 consists of two codes, a Sender's code and a Receiver's code, separated by a four-digit number.
The codes are made up from the party prefix and party suffix of the Sender's and Receiver's BICs, 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 four-digit number must consist of the rightmost non-zero digit of field 33G in sequence A, 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 (Error code(s): T22).
