ISO 20022 · Billing rate identification
NGCONegative Collected Overdraft Rate
Published definition
Per annum interest rate applied to NEGATIVE collected balances (AFP balance 00 00 13) for calculation of overdraft compensation.
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.