ISO 20022 · External code set

Market area codes

Specifies the external market code, to which the instruction, operation or report relates, in the format of character string with a maximum length of 4 characters. The list of valid codes is an external code set published separately. External code sets can be downloaded from www.iso20022.org.

19 registered codesSource release: August 2026 (v3)
Registered codes in ExternalMarketArea1Code. Select a code for its full definition and source details.
CodePublished name and definition
ANYYAny

Any market area.

CASHCash

Bank to bank cash movements.

COLLCollections

Collections.

COMMCommodities

Precious metals and other commodities such as palm oil.

COPACommercial Payments

Payment in which one of the parties is not a financial institution.

DERIDerivatives

Futures contracts, options, forward contracts, swaps, etc...

DOCCDocumentary Credits

Documentary credits.

FOEXForeign Exchange

Foreign exchange.

GUARGuarantees

Guarantees.

LETTLetters Of Credit

Letters of credit.

LOANLoans

Loans and deposits.

MMKTMoney Markets

Money markets.

NDLFNon Deliverable Forward

FX forward trade for which only balance is settled.

OFFSOffshore

Offshore settlement.

ONSHOnshore

Onshore settlement.

OPTIOptions

FX Options, swap options, etc...

SECUSecurities

Bonds, equities, futures...

TFINTrade Finance

Documentary credits, collections, guarantees, letters of credit.

TREATreasury

Cash management activities.

Message references 4

Versions listed in the source workbook, including older versions. This list does not establish which messages a bank, network or provider supports.

  • reda.058.001.01Standing Settlement Instruction Status Advice V01
  • reda.057.001.01Standing Settlement Instruction Deletion V01
  • reda.056.001.01Standing Settlement Instruction V01
  • reda.059.001.01Standing Settlement Instruction Cancellation V01

Source: UsageInMsgs sheet in 2Q2026_externalcodesets_v3.xlsx.