What does TM01 mean in ISO 20022?

TM01 is Invalid Cut Off Time in the ExternalStatusReason1Code code set: Associated message, payment information block, or transaction was received after agreed processing cut-off time.

What should I do when I get TM01?

Send it again for the next settlement date, or ask the receiver whether a later cut-off applies for urgent payments.

Where does TM01 appear in a message?

For example in pacs.002, element TxInfAndSts/StsRsnInf/Rsn/Cd.

ExternalStatusReason1Code

TM01 Reason Code: Invalid Cut Off Time

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

TM01 means invalid cut off time in the ISO 20022 status reason code set. The payment arrived after the receiver's or the clearing system's cut-off time.

Code: TM01
ISO name: InvalidCutOffTime
Status: Registered
Last updated: 2010-08-01

Official definition

Associated message, payment information block, or transaction was received after agreed processing cut-off time.

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

What it means in practice

In a pacs.002 or pain.002 status report, a status reason code explains why a payment instruction was rejected (RJCT) or why it has another status. It sits in TxInfAndSts/StsRsnInf/Rsn/Cd.

The payment arrived after the receiver's or the clearing system's cut-off time.

What to do

Send it again for the next settlement date, or ask the receiver whether a later cut-off applies for urgent payments.

Messages and fields that use ExternalStatusReason1Code

Message	Element path
pacs.002	TxInfAndSts/StsRsnInf/Rsn/Cd, OrgnlGrpInfAndSts/StsRsnInf/Rsn/Cd
pain.002	OrgnlGrpInfAndSts/StsRsnInf/Rsn/Cd, OrgnlPmtInfAndSts/StsRsnInf/Rsn/Cd, OrgnlPmtInfAndSts/TxInfAndSts/StsRsnInf/Rsn/Cd
auth.027	GrpSts/StsRsn/Rsn/Cd, PackgSts/StsRsn/Rsn/Cd, PackgSts/RcrdSts/StsRsn/Rsn/Cd
camt.025	RctDtls/ReqHdlg/StsRsn/Rsn/Cd
camt.111	InvstgtnRspn/InvstgtnData/RspnData/TxSts/StsRsnInf/Rsn/Cd
pain.014	OrgnlGrpInfAndSts/StsRsnInf/Rsn/Cd, OrgnlPmtInfAndSts/StsRsnInf/Rsn/Cd, OrgnlPmtInfAndSts/TxInfAndSts/StsRsnInf/Rsn/Cd
reda.016	PtySts/StsRsn/Rsn/Cd
reda.020	SctiesAcctSts/StsRsn/Rsn/Cd
reda.047	SctyCSDLkSts/StsRsn/Rsn/Cd
reda.051	AcctLkSts/StsRsn/Rsn/Cd

And 8 more messages: see the ExternalStatusReason1Code page.

TM01 in other code sets

TM01 questions

What does TM01 mean in ISO 20022?: TM01 is Invalid Cut Off Time in the ExternalStatusReason1Code code set: Associated message, payment information block, or transaction was received after agreed processing cut-off time.
What should I do when I get TM01?: Send it again for the next settlement date, or ask the receiver whether a later cut-off applies for urgent payments.
Where does TM01 appear in a message?: For example in pacs.002, element TxInfAndSts/StsRsnInf/Rsn/Cd.

All ExternalStatusReason1Code codes · ISO 20022 code sets · pacs.002 reject reasons explained

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.