What does AM03 mean in ISO 20022?

AM03 is Not Allowed Currency in the ExternalMandateReason1Code code set: Specified message amount is a non processable currency outside of existing agreement

Where does AM03 appear in a message?

For example in pain.010, element UndrlygAmdmntDtls/AmdmntRsn/Rsn/Cd.

ExternalMandateReason1Code

AM03 Reason Code: Not Allowed Currency

Written and maintained by ZagTrader. Last reviewed 21 October 2026. How this page is sourced and checked

AM03 means not allowed currency in the ISO 20022 mandate reason code set. Specified message amount is a non processable currency outside of existing agreement

Code: AM03
ISO name: NotAllowedCurrency
Status: Registered
Last updated: 2010-11-01

Official definition

Specified message amount is a non processable currency outside of existing agreement

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

Messages and fields that use ExternalMandateReason1Code

Message	Element path
pain.010	UndrlygAmdmntDtls/AmdmntRsn/Rsn/Cd
pain.011	UndrlygCxlDtls/CxlRsn/Rsn/Cd
pain.012	UndrlygAccptncDtls/AccptncRslt/RjctRsn/Cd

AM03 in other code sets

AM03 questions

What does AM03 mean in ISO 20022?: AM03 is Not Allowed Currency in the ExternalMandateReason1Code code set: Specified message amount is a non processable currency outside of existing agreement
Where does AM03 appear in a message?: For example in pain.010, element UndrlygAmdmntDtls/AmdmntRsn/Rsn/Cd.

All ExternalMandateReason1Code 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.