What is the latest version of tsmt.016?

The latest version in the ISO 20022 e-Repository release of 24 April 2025 is tsmt.016.001.03.

What is the root element of tsmt.016?

The XML document is Document with the namespace urn:iso:std:iso:20022:tech:xsd:tsmt.016.001.03, and its message element is ErrRpt (ErrorReport).

Is there an MT equivalent of tsmt.016?

No Swift MT message is listed as its direct equivalent on this site. Many ISO 20022 messages have no MT counterpart.

tsmt: Trade Services Management

tsmt.016 Error Report

Written and maintained by ZagTrader. Last reviewed 21 October 2026. How this page is sourced and checked

tsmt.016 is the ISO 20022 ErrorReport message in the Trade Services Management business area (tsmt). The latest version is tsmt.016.001.03.

Message: ErrorReport
Latest version: tsmt.016.001.03
Submitting organisation: Not read from the catalogue
MT equivalent: None listed

In use: published in the current ISO 20022 catalogue.

What tsmt.016 is for

The ErrorReport message is sent by the matching application to the party from which it received a message.
This message is used to inform about the inability of the matching application to process a received message.
The ErrorReport message can be sent to a party from which the matching application received a message to inform about its inability to process the received message because
- the syntax of the message is incorrect,or
- the message content is inconsistent,or
- according to the workflow implemented in the matching application, it did not expect the received message.

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

tsmt.016 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.

Version	Registration status	Published in
tsmt.016.001.03latest	Registered	Latest version set

tsmt.016 message structure

The building blocks of tsmt.016.001.03 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]
- ErrRpt ErrorReport [1..1]
  - RptId Report Identification [1..1]MessageIdentification1
    Identifies the report.
    - Id Identification [1..1]Max35Text
      Identification of the message.
    - CreDtTm Creation Date Time [1..1]ISODateTime
      Date of creation of the message.
  - TxId Transaction Identification [0..1]SimpleIdentificationInformation
    Unique identification assigned by the matching application to the transaction.
    - Id Identification [1..1]Max35Text
      Name or number assigned by an entity to enable recognition of that entity, eg, account identifier.
  - EstblishdBaselnId Established Baseline Identification [0..1]DocumentIdentification3
    Unique identification assigned by the matching application to the baseline when it is established.
    - Id Identification [1..1]Max35Text
      Identification of a set of data.
    - Vrsn Version [1..1]Number
      Unambiguous identification of the version of a set of data.
  - TxSts Transaction Status [0..1]TransactionStatus4
    Identifies the status of the transaction by means of a code.
    - Sts Status [1..1]BaselineStatus3Code
      Identifies the status of the transaction by means of a code.
  - UsrTxRef User Transaction Reference [0..1]DocumentIdentification5
    Reference to the transaction for the financial institution which is the sender of the rejected message.
    - Id Identification [1..1]Max35Text
      Identification of a set of data.
    - IdIssr Identification Issuer [1..1]BICIdentification1
      Uniquely identifies the financial institution which has issued the identification of the set of data by using a BIC.
      - BIC BIC [1..1]BICIdentifier
  - RjctdMsgRef Rejected Message Reference [0..1]MessageIdentification1
    Reference to the identification of the rejected message.
    - Id Identification [1..1]Max35Text
      Identification of the message.
    - CreDtTm Creation Date Time [1..1]ISODateTime
      Date of creation of the message.
  - NbOfErrs Number Of Errors [1..1]Count1
    Specifies the total number of errors identified in the rejected message.
    - Nb Number [1..1]Number
      Sequence or total number.
  - ErrDesc Error Description [1..*]ValidationResult3
    Describes the error that is the cause of the rejection.
    - SeqNb Sequence Number [1..1]Number
      Sequential number assigned to the error.
    - RuleId Rule Identification [1..1]Max35Text
      Coded identification of the rule that is violated by the rejected message.
    - RuleDesc Rule Description [1..1]Max350Text
      Detailed description of the rule.
    - Elmt Element [0..*]ElementIdentification3
      Description of the elements that violated the rule.
      - ElmtPth Element Path [1..1]Max350Text
      - ElmtNm Element Name [1..1]Max35Text
      - ElmtVal Element Value [0..1]Max140Text
  - ReqForActn Request For Action [0..1]PendingActivity2
    Information on the next processing step required.
    - Tp Type [1..1]Action2Code
      Code which specifies the next course of action that the receiver of the message must take.
    - Desc Description [0..1]Max140Text
      Further information on the course of action that the receiver of the message must take.

Have a tsmt.016 message? Paste it into the parser to see every element with its name and definition, and format checks on BICs, IBANs, dates and amounts.

tsmt.016 questions

What is the latest version of tsmt.016?: The latest version in the ISO 20022 e-Repository release of 24 April 2025 is tsmt.016.001.03.
What is the root element of tsmt.016?: The XML document is Document with the namespace urn:iso:std:iso:20022:tech:xsd:tsmt.016.001.03, and its message element is ErrRpt (ErrorReport).
Is there an MT equivalent of tsmt.016?: 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.