ISO 20022 · Service level
SPLISplit Payment
Published definition
A split payment is a payment that is split into several payments of lower value, namely with the purpose to comply with maximum amount thresholds applicable to some domestic Payment Market Infrastructures or to reduce counterparty liquidity risk.
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.