ExternalContractClosureReason1Code
RCED Reason Code: All Contractliabilitieshavebeenfulfilledbythe Registration Agent.
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RCED means all contractliabilitieshavebeenfulfilledbythe registration agent. in the ISO 20022 contract closure reason code set. If the bank has all information available for the closing of the registered contract, and all liabilities under the contract (loan agreement) have been fulfilled (terminated), while the resident has not filled an application for closing the registered contract.
- Code
- RCED
- ISO name
- AllContractliabilitieshavebeenfulfilledbytheRegistrationAgent.
- Status
- Registered
- Last updated
- 2016-04-22
Official definition
If the bank has all information available for the closing of the registered contract, and all liabilities under the contract (loan agreement) have been fulfilled (terminated), while the resident has not filled an application for closing the registered contract.
Messages and fields that use ExternalContractClosureReason1Code
RCED questions
- What does RCED mean in ISO 20022?
- RCED is All Contractliabilitieshavebeenfulfilledbythe Registration Agent. in the ExternalContractClosureReason1Code code set: If the bank has all information available for the closing of the registered contract, and all liabilities under the contract (loan agreement) have been fulfilled (terminated), while the resident has not filled an application for closing the registered contract.
- Where does RCED 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.