SMPG Reason Code: Market Practice Rule Discrepency
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SMPG means market practice rule discrepency in the ISO 20022 accepted reason code set. Instruction is accepted but does not comply with the market practice rule published for the concerned market or process
- Code
- SMPG
- ISO name
- MarketPracticeRuleDiscrepency
- Status
- Registered
- Last updated
- 2016-05-11
Official definition
Instruction is accepted but does not comply with the market practice rule published for the concerned market or process
Messages and fields that use ExternalAcceptedReason1Code
| Message | Element path |
|---|---|
| reda.058 | versions 001.01 |
SMPG questions
- What does SMPG mean in ISO 20022?
- SMPG is Market Practice Rule Discrepency in the ExternalAcceptedReason1Code code set: Instruction is accepted but does not comply with the market practice rule published for the concerned market or process
All ExternalAcceptedReason1Code codes · ISO 20022 code sets
The ISO 20022 code names and definitions on this page are reproduced from material published at iso20022.org under the ISO 20022 Intellectual Property Rights policy. This is not the official source: the up-to-date ISO 20022 standards and repository material are published only at iso20022.org. Explanations in our own words are by ZagTrader. ZagTrader is not affiliated with or endorsed by ISO or Swift.