ISO 20022 · Reversal reason
RC07Invalid Creditor BIC Identifier
Published definition
Wrong BIC in SCT
Code set and usage
Reversal reason contains 11 registered codes. Its exact identifier is ExternalReversalReason1Code.
Specifies the reversal reason, as published in an external reversal reason code list. 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.
This code in other sets 2
These share the characters RC07. Their meanings belong to their respective sets.