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ISO 20022 · Obligation settlement method
BILA Bilateral
Registered in sourceSource release: August 2026 (v3)Source details
Code setExternalObligationSettlementMethod1Code
Published definition
Settled bilaterally.
Code set and usage
Obligation settlement method contains 2 registered codes. Its exact identifier is ExternalObligationSettlementMethod1Code.
Specifies the settlement method for the obligation. 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.