Registered in sourceSource release: August 2026 (v3)
Published definition
Factoring service provider, Factoring client and third party in the same country, but factoring client has an exceptional VAT ruling, for example if it’s overseas
Code set and usage
Trade market contains 6 registered codes. Its exact identifier is ExternalTradeMarket1Code.
Specifies the external trade market code in the format of character string with a maximum length of 4 characters. 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.