Field 23E
Coded instruction field of SWIFT MT category 1 messages.
Definition
23E is a repetitive field carrying a standardised instruction code optionally followed by additional information. Common codes: CHQB (pay by cheque), HOLD (hold funds at disposal), PHOB (advise beneficiary by phone), INTC (intra-company transfer). It appears notably in the MT101 and the non-STP MT103 to specify execution details.
Origin
Defined in the SWIFT User Handbook, Standards MT Category 1 — Customer Payments and Cheques, maintained by SWIFT.
Example in context
:23E:CHQB :23E:PHOB/+33155667788