ISO 20022 · Billing balance type
CBANCollected Bal Avg Net
Published definition
The sum of the daily ending collected balances (both positive and negative) divided by the number of days in the statement period. A negative-signed value indicates a negative average NET balance. If a reserve-adjusted earnings allowance/credit rate is used, this balance may be the same as the investable balance (00 00 40). Balances are net of current period adjustments. Collected balances represent deposit money that has been collected and excludes any money in float. Note that a NET balance is equal to the POSITIVE balance less the NEGATIVE balance. Note that a NET Collected Balance OD Interest Rate (00 01 43) can be applied to this balance, if negative, to develop an OD interest charge. AFP code=00 00 10
Code set and usage
Billing balance type contains 23 registered codes. Its exact identifier is ExternalBillingBalanceType1Code.
Specifies the balance of the billing service, as published in an external billing balance 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.