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ISO 20022 · External code set

Reversal reason codes

Specifies the reversal reason, as published in an external reversal reason code list. External code sets can be downloaded from www.iso20022.org.

11 registered codesSource release: August 2026 (v3)Source details

Code setExternalReversalReason1Code

All 11 codes

Registered codes in ExternalReversalReason1Code. Select a code for its full definition and source details.
CodePublished name and definition
AC03Invalid Creditor Account Number

Wrong IBAN in SCT

AC04Closed Account Number

Account number specified has been closed on the Receiver's books

AG02Invalid Bank Operation Code

Bank Operation code specified in the message is not valid for receiver

AM05Duplication

Duplication

AM09Wrong Amount

Wrong amount in SCT

MD01No Mandate

No Mandate

MD05Collection Not Due

Creditor or creditor's agent should not have collected the direct debit

MS02Not Specified Reason Customer Generated

Reason has not been specified by end customer

MS03Not Specified Reason Agent Generated

Reason has not been specified by agent.

RC07Invalid Creditor BIC Identifier

Wrong BIC in SCT

TM01Cut Off Time

Associated message was received after agreed processing cut-off time.

Message references 25

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

  • pacs.007.001.11FI To FI Payment Reversal V11
  • pacs.007.001.02FI To FI Payment Reversal V02
  • pacs.007.001.06FI To FI Payment Reversal V06
  • pain.007.001.09Customer Payment Reversal V09
  • pain.007.001.08Customer Payment Reversal V08
  • pain.007.001.03Customer Payment Reversal V03
  • pain.007.001.04Customer Payment Reversal V04
  • pacs.007.001.12FI To FI Payment Reversal V12
  • pacs.007.001.09FI To FI Payment Reversal V09
  • pacs.007.001.07FI To FI Payment Reversal V07
  • pain.007.001.06Customer Payment Reversal V06
  • pain.007.001.02Customer Payment Reversal V02
  • pacs.007.001.04FI To FI Payment Reversal V04
  • pain.007.001.10Customer Payment Reversal V10
  • pacs.007.001.05FI To FI Payment Reversal V05
  • pain.007.001.05Customer Payment Reversal V05
  • pacs.007.001.10FI To FI Payment Reversal V10
  • pacs.007.001.14FI To FI Payment Reversal V14
  • pain.007.001.13Customer Payment Reversal V13
  • pain.007.001.07Customer Payment Reversal V07
  • pacs.007.001.08FI To FI Payment Reversal V08
  • pain.007.001.11Customer Payment Reversal V11
  • pain.007.001.12Customer Payment Reversal V12
  • pacs.007.001.03FI To FI Payment Reversal V03
  • pacs.007.001.13FI To FI Payment Reversal V13

Source: UsageInMsgs sheet in 2Q2026_externalcodesets_v3.xlsx.