ISO 20022 · Service level
INSTInstant Credit Transfer Or Instant Direct Debit
Published definition
Used for payment initiation to identify that a Payment or Direct Debit initiation must be executed as an instant or real-time payment instrument.
Additional source information
CR1057
Code set and usage
Service level contains 29 registered codes. Its exact identifier is ExternalServiceLevel1Code.
Specifies the external service level 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 3
These share the characters INST. Their meanings belong to their respective sets.