What does RC15 mean in ISO 20022?

RC15 is Participant Not Active Member Settlement Type in the ExternalRejectedReason1Code code set: Participant is not an active member of a specific settlement type.

ExternalRejectedReason1Code

RC15 Reason Code: Participant Not Active Member Settlement Type

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

RC15 means participant not active member settlement type in the ISO 20022 rejected reason code set. Participant is not an active member of a specific settlement type.

Code: RC15
ISO name: ParticipantNotActiveMemberSettlementType
Status: Registered
Last updated: 2021-08-31

Official definition

Participant is not an active member of a specific settlement type.

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

Messages and fields that use ExternalRejectedReason1Code

Message	Element path
reda.058	versions 001.01

RC15 in other code sets

RC15 in ExternalStatusReason1Code

RC15 questions

What does RC15 mean in ISO 20022?: RC15 is Participant Not Active Member Settlement Type in the ExternalRejectedReason1Code code set: Participant is not an active member of a specific settlement type.

All ExternalRejectedReason1Code codes · ISO 20022 code sets

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