ISO 20022 · Local instrument
CHNTruncated Checks
Published definition
Transaction is related to truncated checks. Conversion of physical instrument to electonric form for transmission to the paying bank and where the original paper document does not continue in the clearing process..The original instrument rules are retained throughout the life of the instrument.
Additional source information
EMEA,AT,EUR,correspondent banking,DD
Code set and usage
Local instrument contains 90 registered codes. Its exact identifier is ExternalLocalInstrument1Code.
Specifies the external local instrument code in the format of character string with a maximum length of 35 characters. The list of valid codes is an external code list published separately. 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.