Registered in sourceSource release: August 2026 (v3)
Published definition
Request to Pay cancellation initiated because the Payee is not in good standing.
Additional source information
Used by the Payee Participant (Creditor) to cancel the pain.013 request initiated by Payee Bank.
Code set and usage
Cancellation reason contains 33 registered codes. Its exact identifier is ExternalCancellationReason1Code.
Specifies the cancellation reason, as published in an external cancellation reason code set. External code sets can be downloaded from www.iso20022.org.
Use the code with the applicable message version and implementation guide. A matching code value alone does not establish the same meaning in another set.