ISO 20022 external code set
ExternalSystemMemberType1Code: System Member Type Codes
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Specifies the nature of the membership of a party in a system, as published in an external system member type code set.
5 codes in use. External code sets are published outside the message schemas and updated every quarter, so a new code can appear without a new message version.
Codes
- DRCTDirectMember has full rights in the system. In principle, this membership status entails financial responsibility for its own operations and sponsored members' operations submitted to the system.
- EUROEURO1Member is entitled to access the Euro1 system of the Euro Banking Association (EBA).
- IDRTIndirectMember has limited rights in the system specifications. In principle, this membership status entails no financial responsibility for its operations submitted to the system.
- RMTERemoteMember has access to the system from a remote location or through remote technical means.
- STEPSTEP1Member is entitled to access the Step1 system of the Euro Banking Association (EBA).
Messages that use ExternalSystemMemberType1Code
All ISO 20022 code sets · ISO 20022 messages
The ISO 20022 code set names, code values, 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.