ISO 20022 · Contract closure reason
PSBTParty Cedes A Claim Or Transfers A Debt To Another Resident Party
Published definition
The resident cedes a claim under the contract (loan agreement) to another resident party, or transfers a debt under the contract (loan agreement) to another resident party.
Additional source information
Code Allowed for the Reporting Party
Code set and usage
Contract closure reason contains 9 registered codes. Its exact identifier is ExternalContractClosureReason1Code.
Specifies a contract closure reason code, as published in the external ISO 20022 external 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.