RECC Code: Rec Cut Off
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RECC means rec cut off in the ISO 20022 system event type code set. Event is the cutoff for the settlement of the multilateral balances stemming from the retail clearing system.
- Code
- RECC
- ISO name
- RecCutOff
- Status
- Registered
- Last updated
- 2018-11-01
Official definition
Event is the cutoff for the settlement of the multilateral balances stemming from the retail clearing system.
Messages and fields that use ExternalSystemEventType1Code
| Message | Element path |
|---|---|
| admi.005 | RptQryCrit/SchCrit/Evt/Cd |
| camt.004 | RptOrErr/AcctRpt/AcctOrErr/Acct/StgOrdr/ExctnTp/Evt/Cd |
| camt.019 | RptOrErr/BizRpt/BizDayOrErr/BizDayInf/SysInfPerCcy/Evt/Tp/Cd |
| camt.024 | NewStgOrdrValSet/ExctnTp/Evt/Cd |
| camt.070 | RptOrErr/Rpt/StgOrdrOrErr/StgOrdr/ExctnTp/Evt/Cd |
| camt.102 | ValSet/ExctnTp/Evt/Cd |
| semt.044 | versions 001.01 |
RECC questions
- What does RECC mean in ISO 20022?
- RECC is Rec Cut Off in the ExternalSystemEventType1Code code set: Event is the cutoff for the settlement of the multilateral balances stemming from the retail clearing system.
- Where does RECC appear in a message?
- For example in admi.005, element RptQryCrit/SchCrit/Evt/Cd.
All ExternalSystemEventType1Code 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.