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ISO 15022
Data Field Dictionary

MT380: (21) Field 24B: Reason Code: Transaction Reason Code

FORMAT

Option B :4!c/[8c]/4!c (Qualifier)(Data Source Scheme)(Reason Code)

PRESENCE

Mandatory in optional subsequence B2

QUALIFIER

(Error code(s): T89)

Order

M/O

Qualifier

R/N

CR

Options

Qualifier Description

1

M

REAS

N

 

B

Transaction Reason Code

DEFINITION

This qualified generic field specifies:

REAS

Transaction Reason Code

Underlying reason for the FX transaction.

CODES

If Data Source Scheme is not present, Reason Code must contain one of the following codes:

CHAR

Charges/fees

FX trade is for the payment of charges/fees.

EQUI

Equity

FX trade is for the settlement of an equity trade.

FXID

Fixed Income

FX trade is for the settlement of a fixed income securities trade.

INCO

Income

FX trade is as a result of income (dividend and interest) proceeds.

OTHR

Other

Other underlying reason for the FX transaction. See Transaction Reason Narrative.

TAXE

Tax

FX trade is for the payment of tax.