ExternalRegulatoryReportingType1Code: Regulatory Reporting Type Codes

Codes

• CISTCitizenship StatusRegulatory Authority requires the status of residency of an involved party, e.g. if it is a resident or non-resident. This type code may refer to information in any element under the same occurrence of “RgltryRptg/Dtls”.
• CRSTCreditor StatusRegulatory Authority requires the status or type of Creditor, e.g. if it is a corporation, an individual or the government. This type code may refer to information in any element under the same occurrence of “RgltryRptg/Dtls”.
• DECLDeclarationThe transaction includes a declaration confirming compliance with applicable regulatory and sanctions requirements (e.g., FEFTA, OFAC, or other relevant frameworks). This type code refers to information in any element under the same occurrence of “RgltryRptg/Dtls”.
• PURPNew CodeRegulatory Authority requires or recommends a code or narrative text to identify the purpose of payment in line with the specific requirements of that authority. This type code may refer to information in any element under the same occurrence of “RgltryRptg/Dtls”.
• TAXSTax StatusRegulatory Authority requires a tax information, e.g. an tax identification reference. This type code may refer to information in any element under the same occurrence of “RgltryRptg/Dtls”.