ISO 20022 · Purpose
HRECHousing Related Contribution
Published definition
Transaction is a contribution by an employer to the housing expenditures (purchase, construction, renovation) of the employees within a tax free fringe benefit system.
Additional source information
Salary & Benefits
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.