ExternalUnableToApplyIncorrectData1Code
IN16 Code: Incorrect Payment Purpose
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IN16 means incorrect payment purpose in the ISO 20022 unable to apply incorrect data code set. Transaction payment purpose is incorrect.
- Code
- IN16
- ISO name
- IncorrectPaymentPurpose
- Status
- Registered
- Last updated
- 2021-02-01
Official definition
Transaction payment purpose is incorrect.
Messages and fields that use ExternalUnableToApplyIncorrectData1Code
| Message | Element path |
|---|---|
| camt.026 | Justfn/MssngOrIncrrctInf/IncrrctInf/Tp/Cd |
IN16 questions
- What does IN16 mean in ISO 20022?
- IN16 is Incorrect Payment Purpose in the ExternalUnableToApplyIncorrectData1Code code set: Transaction payment purpose is incorrect.
- Where does IN16 appear in a message?
- For example in camt.026, element Justfn/MssngOrIncrrctInf/IncrrctInf/Tp/Cd.
All ExternalUnableToApplyIncorrectData1Code 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.