ISO 20022 · Billing compensation type
PVCSPreviously Charged Services
Published definition
Total amount of service charges as listed in the Service Sections but assessed previously and which, therefore, are not due. Such services carry a Payment Method code of "PVCH" (PreviouslyCharged). This amount is included in SettleChargetTL-CurrentPeriod (AFP code 00 03 00). Should be sent if there are any "Previously Charged" services in the Service Sections. AFP code=00 03 35
Code set and usage
Billing compensation type contains 22 registered codes. Its exact identifier is ExternalBillingCompensationType1Code.
Specifies the type of billing compensation to be applied, as published in an external billing compensation type 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.