ISO 20022 · Billing compensation type
WAIVWaived Services
Published definition
Amount of service charges otherwise due that are waived on this statement. Such services carry a Payment Method code of “WVED" (Waived). Note that this amount does not include line item free services (AFP code 00 03 36). This amount is included in SettleChargetTL-Current Period (AFP code 00 03 00). Any such line item waivers or free services are not brought forward into the Compensation calculations. It is assumed that “waived” and “free” services are not taxed. afp CODE=00 03 40
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.