ZagTrader

ExternalCancellationReason1Code

PPRC Reason Code: Payee Participant RTP Cancellation

Written and maintained by ZagTrader. Last reviewed . How this page is sourced and checked

PPRC means payee participant rtp cancellation in the ISO 20022 cancellation reason code set. Request to Pay cancellation initiated because the Payee is not in good standing.

Code
PPRC
ISO name
PayeeParticipantRTPCancellation
Status
Registered
Last updated
2024-08-30

Official definition

Request to Pay cancellation initiated because the Payee is not in good standing.

Definition from the ISO 20022 External Code Sets, 2Q2026 (published 28 Aug 2026).

Messages and fields that use ExternalCancellationReason1Code

MessageElement path
camt.056Undrlyg/TxInf/CxlRsnInf/Rsn/Cd, Undrlyg/OrgnlGrpInfAndCxl/CxlRsnInf/Rsn/Cd
camt.008CxlRsn/Rsn/Cd
camt.037Dtl/CxlRsn/Cd
camt.055Undrlyg/OrgnlGrpInfAndCxl/CxlRsnInf/Rsn/Cd, Undrlyg/OrgnlPmtInfAndCxl/CxlRsnInf/Rsn/Cd, Undrlyg/OrgnlPmtInfAndCxl/TxInf/CxlRsnInf/Rsn/Cd
camt.110InvstgtnData/AddtlReqData/ReqdDbtAuthstn/CxlRsn/Cd
camt.116versions 001.01

PPRC questions

What does PPRC mean in ISO 20022?
PPRC is Payee Participant RTP Cancellation in the ExternalCancellationReason1Code code set: Request to Pay cancellation initiated because the Payee is not in good standing.
Where does PPRC 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.