ExternalContractClosureReason1Code
PSBT Reason Code: Party Cedes A Claim Or Transfers A Debt To Another Resident Party
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PSBT means party cedes a claim or transfers a debt to another resident party in the ISO 20022 contract closure reason code set. The resident cedes a claim under the contract (loan agreement) to another resident party, or transfers a debt under the contract (loan agreement) to another resident party.
- Code
- PSBT
- ISO name
- PartyCedesAClaimOrTransfersADebtToAnotherResidentParty
- Status
- Registered
- Last updated
- 2016-04-22
Official definition
The resident cedes a claim under the contract (loan agreement) to another resident party, or transfers a debt under the contract (loan agreement) to another resident party.
Messages and fields that use ExternalContractClosureReason1Code
PSBT questions
- What does PSBT mean in ISO 20022?
- PSBT is Party Cedes A Claim Or Transfers A Debt To Another Resident Party in the ExternalContractClosureReason1Code code set: The resident cedes a claim under the contract (loan agreement) to another resident party, or transfers a debt under the contract (loan agreement) to another resident party.
- Where does PSBT appear in a message?
- For example in auth.019, element RegdCtrct/RegdCtrctJrnl/ClsrRsn/Cd.
All ExternalContractClosureReason1Code 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.