Registered in sourceSource release: August 2026 (v3)
Published definition
Party in a financial institution responsible for the management of payment processing for the financial institution. This includes authorising, recycling, and modification of payment transactions.
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.