ISO 20022 · Purpose
FACTFactor Update Related Payment
Published definition
Payment related to a factor update
Additional source information
General
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.