What does RC07 mean in ISO 20022?

RC07 is Invalid Creditor BIC Identifier in the ExternalReversalReason1Code code set: Wrong BIC in SCT

Where does RC07 appear in a message?

For example in pacs.007, element TxInf/RvslRsnInf/Rsn/Cd.

ExternalReversalReason1Code

RC07 Reason Code: Invalid Creditor BIC Identifier

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

RC07 means invalid creditor bic identifier in the ISO 20022 reversal reason code set. Wrong BIC in SCT

Code: RC07
ISO name: InvalidCreditorBICIdentifier
Status: Registered
Last updated: 2012-10-08

Official definition

Wrong BIC in SCT

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

Messages and fields that use ExternalReversalReason1Code

Message	Element path
pacs.007	TxInf/RvslRsnInf/Rsn/Cd, OrgnlGrpInf/RvslRsnInf/Rsn/Cd
pain.007	OrgnlGrpInf/RvslRsnInf/Rsn/Cd, OrgnlPmtInfAndRvsl/RvslRsnInf/Rsn/Cd, OrgnlPmtInfAndRvsl/TxInf/RvslRsnInf/Rsn/Cd

RC07 in other code sets

RC07 questions

What does RC07 mean in ISO 20022?: RC07 is Invalid Creditor BIC Identifier in the ExternalReversalReason1Code code set: Wrong BIC in SCT
Where does RC07 appear in a message?: For example in pacs.007, element TxInf/RvslRsnInf/Rsn/Cd.

All ExternalReversalReason1Code 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.