ISO 20022 · Local instrument
FDPForward Dated Payment
Published definition
Type of Payment used within the New Payments Architecture (UK). Forward-dated payments are one-off payments sent and received on a pre-arranged date, set-up by the customer in advance, for example, to pay a bill.
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.