ISO 20022 · Billing rate identification
RRQRReserve Requirement Rate Non DDA
Published definition
The per annum reserve rate as applied to non demand deposit accounts such as time deposit or CD accounts.
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.