ISO 20022 · Contract closure reason
REXPRegistration Expired
Published definition
In case of failure (on the basis of the information available in the registered contracts data base at the bank) of all obligations under the contract (loan agreement), and failure to provide by a resident of the documents and information (under the regulation), based on which the registered agent conducts a statement of banking supervision, within 180 calendar days following the date specified in the specified section (for example column 6 of Section 3 for Russia) of the registered contract. In the case referred to in this paragraph, the bank informs (at its discretion) the resident about the closure of the registered contract not later than in two working days after the date of its closure.
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.