ExternalCancellationReason1Code
MD06 Reason Code: Refund Request By End Customer
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MD06 means refund request by end customer in the ISO 20022 cancellation reason code set. The end customer asked for the money back, for example a debtor claiming a refund of a direct debit within the period the scheme allows.
- Code
- MD06
- ISO name
- RefundRequestByEndCustomer
- Status
- Registered
- Last updated
- 2023-11-30
Official definition
Return of funds requested by end customer.
What it means in practice
In a camt.056 cancellation request (or camt.055 from a customer), a cancellation reason code explains why the sender asks for a payment to be stopped or its funds returned. It sits in Undrlyg/TxInf/CxlRsnInf/Rsn/Cd.
The end customer asked for the money back, for example a debtor claiming a refund of a direct debit within the period the scheme allows.
What to do
- Contact the debtor about the claim; if the debt is owed, agree another way of payment.
Messages and fields that use ExternalCancellationReason1Code
| Message | Element path |
|---|---|
| camt.056 | Undrlyg/TxInf/CxlRsnInf/Rsn/Cd, Undrlyg/OrgnlGrpInfAndCxl/CxlRsnInf/Rsn/Cd |
| camt.008 | CxlRsn/Rsn/Cd |
| camt.037 | Dtl/CxlRsn/Cd |
| camt.055 | Undrlyg/OrgnlGrpInfAndCxl/CxlRsnInf/Rsn/Cd, Undrlyg/OrgnlPmtInfAndCxl/CxlRsnInf/Rsn/Cd, Undrlyg/OrgnlPmtInfAndCxl/TxInf/CxlRsnInf/Rsn/Cd |
| camt.110 | InvstgtnData/AddtlReqData/ReqdDbtAuthstn/CxlRsn/Cd |
| camt.116 | versions 001.01 |
MD06 in other code sets
MD06 questions
- What does MD06 mean in ISO 20022?
- MD06 is Refund Request By End Customer in the ExternalCancellationReason1Code code set: Return of funds requested by end customer.
- What should I do when I get MD06?
- Contact the debtor about the claim; if the debt is owed, agree another way of payment.
- Where does MD06 appear in a message?
- For example in camt.056, element Undrlyg/TxInf/CxlRsnInf/Rsn/Cd.
All ExternalCancellationReason1Code 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.