SWIFT ISO 15022 - Code PHCK Meaning Physical Securities in Verification Process: Physical financial instruments have been received and are being checked for authenticity. Usages Message type Field number Tag MT537 (Statement of Pending Transactions) 19 24B (Reason) MT537 (Statement of Pending Transactions) 65 24B (Reason) MT548 (Settlement Status and Processing Advice) 12 24B (Reason) MT549 (Request for Statement/Status Advice) 17 24B (Reason)