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reda: Reference Data

reda.060 Netting Cut Off Reference Data Update Request

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reda.060 is the ISO 20022 NettingCutOffReferenceDataUpdateRequest message in the Reference Data business area (reda). The latest version is reda.060.001.02, and 2 versions are in the repository.

Message
NettingCutOffReferenceDataUpdateRequest
Latest version
reda.060.001.02
Submitting organisation
CLS
MT equivalent
None listed

In use: published in the current ISO 20022 catalogue.

What reda.060 is for

The Netting Cut Off Reference Data Update Request message is sent to a central system by a participant to request an update to a participant's netting cut off held at the central system.

Definition from the ISO 20022 e-Repository, release of 24 April 2025.

reda.060 versions

Every version published in the e-Repository, newest first. A message keeps its business purpose across versions; each new version is a separate schema with its own namespace.

VersionRegistration statusPublished in
reda.060.001.02latestRegisteredLatest version set
reda.060.001.01RegisteredPrevious version set

reda.060 message structure

The building blocks of reda.060.001.02 to three levels, with multiplicity ([0..1] optional, [1..1] mandatory, * any number) and the data type or component. Element names and definitions are from the ISO 20022 repository; usage guidelines such as CBPR+ or a market infrastructure's rules can restrict them further.

  • Document [1..1]
    • NetgCutOffRefDataUpdReq NettingCutOffReferenceDataUpdateRequest [1..1]
      • ReqData Request Data [1..1]RequestData2

        Specifies the meta data for the netting cut off update request.

        • MsgId Message Identification [1..1]Max35Text

          Unique identification of the message.

        • ReqTp Request Type [1..1]Max4Text

          Description of the type of request.

        • ReqdActvtnDt Requested Activation Date [1..1]ISODate

          Specifies the business date on which the new netting cut off(s) is (are) to be activated.

        • ReqSvcr Request Servicer [0..1]PartyIdentification242Choice (choice)

          Describes the central system servicing the request.

          • NmAndAdr Name And Address [1..1]NameAndAddress8
          • AnyBIC Any BIC [1..1]PartyIdentification265
          • PtyId Party Identification [1..1]PartyIdentification266
        • NetSvcPtcptId Net Service Participant Identification [1..1]PartyIdentification242Choice (choice)

          Describes the participant issuing the request.

          • NmAndAdr Name And Address [1..1]NameAndAddress8
          • AnyBIC Any BIC [1..1]PartyIdentification265
          • PtyId Party Identification [1..1]PartyIdentification266
        • NetSvcTp Net Service Type [0..1]Max35Text

          Describes the type of netting service supporting the net report.

      • NetgCutOffReq Netting Cut Off Request [1..*]NettingCutOff2

        Specifies the information regarding the changes to the netting cut off.

        • NetgId Netting Identification [1..1]NettingIdentification2Choice (choice)

          Identifies the netting party or group.

          • TradPty Trade Party [1..1]PartyIdentification242Choice (choice)
          • NetgGrpId Netting Group Identification [1..1]Max35Text
        • NewCutOff New Cut Off [1..*]CutOff1

          Specifies the information regarding the updated netting cut off.

          • CutOffUpdId Cut Off Update Identification [1..1]Max35Text
          • Ccy Currency [1..1]ActiveCurrencyCode
          • CutOffTm Cut Off Time [1..1]ISOTime
          • ValDtOffset Value Date Offset [1..1]DateOffsetText
      • SplmtryData Supplementary Data [0..*]SupplementaryData1

        Additional information that cannot be captured in the structured elements and/or any other specific block.

        • PlcAndNm Place And Name [0..1]Max350Text

          Unambiguous reference to the location where the supplementary data must be inserted in the message instance.

        • Envlp Envelope [1..1]SupplementaryDataEnvelope1

          Technical element wrapping the supplementary data.

Have a reda.060 message? Paste it into the parser to see every element with its name and definition, and format checks on BICs, IBANs, dates and amounts.

External code sets used in reda.060

These elements take their values from ISO 20022 external code sets, which are published separately and updated every quarter without a new message version.

reda.060 questions

What is the latest version of reda.060?
The latest version in the ISO 20022 e-Repository release of 24 April 2025 is reda.060.001.02.
What is the root element of reda.060?
The XML document is Document with the namespace urn:iso:std:iso:20022:tech:xsd:reda.060.001.02, and its message element is NetgCutOffRefDataUpdReq (NettingCutOffReferenceDataUpdateRequest).
Is there an MT equivalent of reda.060?
No Swift MT message is listed as its direct equivalent on this site. Many ISO 20022 messages have no MT counterpart.

All ISO 20022 messages · ISO 20022 code sets · MT messages

The ISO 20022 message definitions, element 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.