ISO 20022 · Purpose
DEBTCharges Borne By Debtor
Published definition
Purpose of payment is the settlement of charges payable by the debtor in relation to an underlying customer credit transfer.
Code set and usage
Purpose contains 366 registered codes. Its exact identifier is ExternalPurpose1Code.
Specifies the external purpose code in the format of character string with a maximum length of 4 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.
This code in other sets 1
These share the characters DEBT. Their meanings belong to their respective sets.