MT381: (20) 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. |
