MT566: (12) Field 24B: Reason Code: Reversal Reason
FORMAT
| Option B | :4!c/[8c]/4!c | (Qualifier)(Data Source Scheme)(Reason Code) |
PRESENCE
Mandatory (see rule C11) in optional subsequence A2
QUALIFIER
(Error code(s): T89)
Order |
M/O |
Qualifier |
R/N |
CR |
Options |
Qualifier Description |
|---|---|---|---|---|---|---|
1 |
M |
REVR |
N |
C11 |
B |
Reversal Reason |
DEFINITION
This qualified generic field specifies:
REVR |
Reversal Reason |
Specifies the reason for the payment reversal. |
CODES
If Data Source Scheme is not present, Reason Code must contain one of the following codes:
DCBD |
Day Count Basis Difference |
Difference in day count basis. |
FNRC |
Funds Not Received |
Funds have not been received. |
IETR |
Incorrect Event Level Tax Rate |
Event level tax rate is incorrect. |
IPCU |
Incorrect Payment Currency |
Payment currency is incorrect. |
IPRI |
Incorrect Price |
Price is incorrect. |
IRED |
Incorrect Entitlement Date |
Entitlement date is incorrect. |
IVAD |
Incorrect Value Date |
Value date is incorrect. |
NARR |
Narrative Reason |
See narrative field for reason. |
POCS |
Payment Outside Clearing System |
Payment will occur outside of clearing system. |
UPAY |
Undue Payment |
Payment is not due. |
