ISO 20022 · Trade market

FREXFactoring Reexported Export

Registered in sourceSource release: August 2026 (v3)

Published definition

Factoring service provider, Factoring client and third party in three different countries

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.

View 10 published message references

This code in other sets 1

These share the characters FREX. Their meanings belong to their respective sets.