ISO 20022 · Billing rate identification
UFURUncollected Funds Usage Rate
Published definition
Per annum interest rate assessed on that portion of the account balance which is the difference between the average negative ledger and the average negative collected balance (AFP balance 00 00 15). This rate is used to assess compensation on the portion of the negative collected balance that represents the use of uncollected funds.
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.