Registered in sourceSource release: August 2026 (v3)
Published definition
Party in a financial institution responsible for the management of the limits. This party is responsible for fixing, modifying, or suspending limits as relevant for the management of counterpart risk or systemic risk containment.
Code set and usage
Payment role contains 6 registered codes. Its exact identifier is ExternalPaymentRole1Code.
Specifies the role associated with a specific party in a payment instruction, as published in an external payment role code set. 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.