ExternalContractClosureReason1Code
REXP Reason Code: Registration Expired
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REXP means registration expired in the ISO 20022 contract closure reason code set. In case of failure (on the basis of the information available in the registered contracts data base at the bank) of all obligations under the contract (loan agreement), and failure to provide by a resident of the documents and information (under the regulation), based on which the registered agent conducts a statement of banking supervision, within 180 calendar days following the date specified in the specified section (for example column 6 of Section 3 for Russia) of the registered contract.
- Code
- REXP
- ISO name
- RegistrationExpired
- Status
- Registered
- Last updated
- 2016-04-22
Official definition
In case of failure (on the basis of the information available in the registered contracts data base at the bank) of all obligations under the contract (loan agreement), and failure to provide by a resident of the documents and information (under the regulation), based on which the registered agent conducts a statement of banking supervision, within 180 calendar days following the date specified in the specified section (for example column 6 of Section 3 for Russia) of the registered contract.
In the case referred to in this paragraph, the bank informs (at its discretion) the resident about the closure of the registered contract not later than in two working days after the date of its closure.
Messages and fields that use ExternalContractClosureReason1Code
REXP questions
- What does REXP mean in ISO 20022?
- REXP is Registration Expired in the ExternalContractClosureReason1Code code set: In case of failure (on the basis of the information available in the registered contracts data base at the bank) of all obligations under the contract (loan agreement), and failure to provide by a resident of the documents and information (under the regulation), based on which the registered agent conducts a statement of banking supervision, within 180 calendar days following the date specified in the specified section (for example column 6 of Section 3 for Russia) of the registered contract. In the case referred to in this paragraph, the bank informs (at its discretion) the resident about the closure of the registered contract not later than in two working days after the date of its closure.
- Where does REXP 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.