ISO 20022 · Category purpose
ZABACash Management Zero Balance Account
Published definition
Transaction relates to a cash management instruction, requesting to zero balance the account of the Debtor. Zero Balance Accounts empty or fill the balances in accounts at the same bank, in the same country into or out of a main account each day.
Additional source information
CR1069
Code set and usage
Category purpose contains 49 registered codes. Its exact identifier is ExternalCategoryPurpose1Code.
Specifies the category purpose, as published in an external category purpose 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.