Registered in sourceSource release: August 2026 (v3)
Published definition
Pay Day Loan, e.g., short-term, high-interest loans typically due on borrower's next payday.
Additional source information
Finance
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.