Registered in sourceSource release: August 2026 (v3)
Published definition
Per annum interest rate used to calculate overdraft compensation on an average net ledger balance which is negative (AFP balance 00 00 00). An average NET balance is negative when the sum of the daily ending POSITIVE and NEGATIVE balances is negative.
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.