ISO 20022 · Billing compensation type
TICDTtl Interest Credited
Published definition
Total amount of hard interest credited to a designated account. The amount of hard interest credited, if any, is calculated by applying the Interest Credited rate against a negative balance as reported in the Balance Section with a Balance Identifier of ExcessDeficitCollectedBal (AFP code 00 04 12). AFP code=00 00 76
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.