ISO 20022 · Contract closure reason
RCEDAll Contractliabilitieshavebeenfulfilledbythe Registration Agent.
Published definition
If the bank has all information available for the closing of the registered contract, and all liabilities under the contract (loan agreement) have been fulfilled (terminated), while the resident has not filled an application for closing the registered contract.
Additional source information
Code Allowed for the Registration Agent
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.