ExternalContractClosureReason1Code
PSNR Reason Code: Party Subsituted Registration Is Not Required
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PSNR means party subsituted registration is not required in the ISO 20022 contract closure reason code set. The resident cedes a claim under the contract (loan agreement) to a non-resident.
- Code
- PSNR
- ISO name
- PartySubsitutedRegistrationIsNotRequired
- Status
- Registered
- Last updated
- 2016-04-22
Official definition
The resident cedes a claim under the contract (loan agreement) to a non-resident.
Messages and fields that use ExternalContractClosureReason1Code
PSNR questions
- What does PSNR mean in ISO 20022?
- PSNR is Party Subsituted Registration Is Not Required in the ExternalContractClosureReason1Code code set: The resident cedes a claim under the contract (loan agreement) to a non-resident.
- Where does PSNR 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.