ISO 20022 · Billing rate identification
AEARAdjusted Earnings Allowance Rate
Published definition
Per annum earnings rate, adjusted for reserves, applied to the current analysis period’s investable balance for calculation of the earnings allowance credit. The ECR, Net of Reserves, is calculated as: ECR, Net of Reserves = ECR, Not Net (00 01 22) * (1 – Reserve Rate)
Code set and usage
Billing rate identification contains 19 registered codes. Its exact identifier is ExternalBillingRateIdentification1Code.
Specifies the type of billing rate or factor, as published in an external billing rate identification code list. 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.