SWIFT ISO 20022 - Message description - Time Out Notification (tsmt.040.001)

Scope

The TimeOutNotification message is sent by the matching application to a party involved in a transaction.

This message is used to inform that a transaction will be closed within a given span of time if no action is taken.

Usage

The TimeOutNotification message can be sent by the matching application to inform the parties that a transaction will be closed within a given span of time if no action is taken by either party because

• no activity for the transaction has taken place within a specified span of time,or
• a significant date is reached, for example latest shipment date.

TmOutNtfctn