You've been logged out
You have been automatically logged out of MyStandards due to inactivity.
Please click here to continue.
Transaction Reason Code

Code Set (Business)
Code Set (Business)
Transaction Reason Code - Registered 

Specifies the reason for a transaction to be rejected, returned or reversed by an instructed agent or somebody acting on behalf of an instructed agent.

Example
Value
Example 1
AC01
Name
Code
ISO
IncorrectAccountNumber
Format of the account number specified is not correct.
AC01
Format of the account number specified is not correct.
NonNumericAccountNumber
Format of the account number specified is non-numeric.
AC02
Format of the account number specified is non-numeric.
InvalidAccountNumberForClearingCode
Format of the account number specified is not valid for local Sort/National Clearing Code.
AC03
Format of the account number specified is not valid for local Sort/National Clearing Code.
ClosedAccountNumber
Account number specified has been closed on the Receiver's books.
AC04
Account number specified has been closed on the Receiver's books.
InvalidAccountNumberWithInstitution
Account number specified is not a valid account at the Final Agent.
AC05
Account number specified is not a valid account at the Final Agent.
BlockedAccount
Account specified is blocked, prohibiting posting of transactions against it.
AC06
Account specified is blocked, prohibiting posting of transactions against it.
ZeroAmount
Specified message amount is equal to zero.
AM01
Specified message amount is equal to zero.
NotAllowedAmount
Specified transaction/message amount is greater than allowed maximum.
AM02
Specified transaction/message amount is greater than allowed maximum.
NotAllowedCurrency
Specified message amount is in an non processable currency outside of existing agreement.
AM03
Specified message amount is in an non processable currency outside of existing agreement.
InsufficientFunds
Amount of funds available to cover specified message amount is insufficient.
AM04
Amount of funds available to cover specified message amount is insufficient.
Duplication
This message appears to have been duplicated.
AM05
This message appears to have been duplicated.
TooLowAmount
Specified transaction amount is less than agreed minimum.
AM06
Specified transaction amount is less than agreed minimum.
BlockedAmount
Amount specified in message has been blocked by regulatory authorities.
AM07
Amount specified in message has been blocked by regulatory authorities.
ChargeDisagreement
Specified charges amount is not as agreed between sender and receiver.
AM08
Specified charges amount is not as agreed between sender and receiver.
InconsistentWithEndCustomer
Identification of end customer is not consistent with associated account number. (formerly CreditorConsistency)
BE01
Identification of end customer is not consistent with associated account number. (formerly CreditorConsistency)
UnknownCreditor
Creditor specified is not known at associated Sort/National Clearing code.
BE02
Creditor specified is not known at associated Sort/National Clearing code.
NoLongerValidCreditor
Creditor specified no longer exists in the books.
BE03
Creditor specified no longer exists in the books.
MissingCreditorAddress
Specification of creditor's address, which is required for payment, is missing/not correct (formerly IncorrectCreditorAddress).
BE04
Specification of creditor's address, which is required for payment, is missing/not correct (formerly IncorrectCreditorAddress).
UnrecognisedInitiatingParty
Party who initiated the message is not recognised by the end customer.
BE05
Party who initiated the message is not recognised by the end customer.
TransactionForbidden
Transaction forbidden on this type of account (formerly NoAgreement).
AG01
Transaction forbidden on this type of account (formerly NoAgreement).
InvalidBankOperationCode
Bank Operation code specified in the message is not valid for receiver.
AG02
Bank Operation code specified in the message is not valid for receiver.
InvalidDate
Invalid date (eg, wrong settlement date).
DT01
Invalid date (eg, wrong settlement date).
NotSpecifiedReason
Reason has not been specified due to sensitivities.
MS01
Reason has not been specified due to sensitivities.
UnknownAccount
Unknown account with institution.
PY01
Unknown account with institution.
NotUniqueTransactionReference
Transaction reference is not unique within the message.
RF01
Transaction reference is not unique within the message.
BankIdentifierIncorrect
Bank identifier code specified in the message has an incorrect format (formerly IncorrectFormatForRoutingCode).
RC01
Bank identifier code specified in the message has an incorrect format (formerly IncorrectFormatForRoutingCode).
NonNumericRoutingCode
Routing code specified in the transaction/message is not numeric.
RC02
Routing code specified in the transaction/message is not numeric.
NotValidRoutingCode
Routing code specified in the transaction/message is not valid for local clearing.
RC03
Routing code specified in the transaction/message is not valid for local clearing.
ClosedBranch
Routing code specified in the transaction/message refers to a closed branch.
RC04
Routing code specified in the transaction/message refers to a closed branch.
CutOffTime
Associated message was received after agreed processing cut-off time.
TM01
Associated message was received after agreed processing cut-off time.
CorrespondentBankNotPossible
Correspondent bank not possible.
ED01
Correspondent bank not possible.
TransactionReasonNonReportable
Transaction reason non reportable.
ED02
Transaction reason non reportable.
BalanceInfoRequested
Balance of payments complementary info is requested.
ED03
Balance of payments complementary info is requested.
ChargeDetailsNotCorrect
Charge details not correct.
ED04
Charge details not correct.
NotSpecifiedReasonAgentGenerated
Reason has not been specified by agent.
MS03
Reason has not been specified by agent.
NotSpecifiedReasonCustomerGenerated
Reason has not been specified by end customer.
MS02
Reason has not been specified by end customer.
UnknownEndCustomer
End customer specified is not known at associated Sort/National Bank Code or does no longer exist in the books.
BE06
End customer specified is not known at associated Sort/National Bank Code or does no longer exist in the books.
MissingDebtorAddress
Specification of debtor's address, which is required for payment, is missing/not correct.
BE07
Specification of debtor's address, which is required for payment, is missing/not correct.
WrongAmount
Amount received is not the amount agreed or expected.
AM09
Amount received is not the amount agreed or expected.
InvalidControlSum
Sum of instructed amounts does not equal the control sum.
AM10
Sum of instructed amounts does not equal the control sum.
NoMandate
Mandate is cancelled or invalid.
MD01
Mandate is cancelled or invalid.
MissingMandatoryInformationInMandate
Mandate related information data required by the scheme is missing.
MD02
Mandate related information data required by the scheme is missing.
InvalidFileFormatForOtherReasonThanGroupingIndicator
File format incomplete or invalid.
MD03
File format incomplete or invalid.
InvalidFileFormatForGroupingIndicator
File format incorrect in terms of grouping indicator.
MD04
File format incorrect in terms of grouping indicator.
RefundRequestByEndCustomer
Return of funds requested by end customer.
MD06
Return of funds requested by end customer.
EndCustomerDeceased
End customer is deceased.
MD07
End customer is deceased.
CollectionNotDue
Creditor or creditor's agent should not have collected the direct debit.
MD05
Creditor or creditor's agent should not have collected the direct debit.
InvalidName
Name provided is not valid.
AC07
Name provided is not valid.
SettlementFailed
Settlement of the transaction has failed.
ED05
Settlement of the transaction has failed.
Narrative
Reason is provided as narrative information in the additional reason information.
NARR
Reason is provided as narrative information in the additional reason information.




License
License
Your current level of license does not allow you to perform this operation.
Warning
You can select a maximum number of 150 items.
Warning
There are currently in your selection. Adding a Usage Guideline will fully replace your existing selection.
Warning
Changing your active group will empty your selection. Would you still like to change the active Group?
Warning
There was a problem generating the comparison export file.
Warning
The Usage Guideline comparison allows you to compare either MT Usage Guidelines together or ISO20022 Usage Guidelines together.
You selected both MT and ISO20022 Usage Guidelines for this comparison.
Please review your selection.
Warning
There was a problem generating the export file.
Warning
A problem was encountered generating the requested resource. Please refresh the page manually (or click here) and try again.
If this problem persists, contact mystandards@swift.com for further assistance.
MyStandards Help
Status
Status
Download is being processed

The file you have requested is being generated and will shortly be available for download. Please check the status of this download in the My Downloads section.

Export error
There was an error when creating the document. Please contact the administrator in order to inform about the issue.