ZagTrader

ExternalMandateReason1Code

MD14 Reason Code: Incorrect Agent

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

MD14 means incorrect agent in the ISO 20022 mandate reason code set. Agent in the payment workflow is incorrect

Code
MD14
ISO name
IncorrectAgent
Status
Registered
Last updated
2010-11-01

Official definition

Agent in the payment workflow is incorrect

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

Messages and fields that use ExternalMandateReason1Code

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

MD14 questions

What does MD14 mean in ISO 20022?
MD14 is Incorrect Agent in the ExternalMandateReason1Code code set: Agent in the payment workflow is incorrect
Where does MD14 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.