DRCT Code: Direct
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DRCT means direct in the ISO 20022 system member type code set. Member 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.
- Code
- DRCT
- ISO name
- Direct
- Status
- Registered
- Last updated
- 2018-11-01
Official definition
Member 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.
Messages and fields that use ExternalSystemMemberType1Code
DRCT questions
- What does DRCT mean in ISO 20022?
- DRCT is Direct in the ExternalSystemMemberType1Code code set: Member 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.
- Where does DRCT appear in a message?
- For example in camt.013, element MmbQryDef/MmbCrit/NewCrit/SchCrit/Tp/Cd.
All ExternalSystemMemberType1Code 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.