PBEN Code: Pay The Beneficiary
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PBEN means pay the beneficiary in the ISO 20022 agent instruction code set. (Ultimate) creditor to be paid only after verification of identity.
- Code
- PBEN
- ISO name
- PayTheBeneficiary
- Status
- Registered
- Last updated
- 2018-05-01
Official definition
(Ultimate) creditor to be paid only after verification of identity.
Messages and fields that use ExternalAgentInstruction1Code
PBEN questions
- What does PBEN mean in ISO 20022?
- PBEN is Pay The Beneficiary in the ExternalAgentInstruction1Code code set: (Ultimate) creditor to be paid only after verification of identity.
- Where does PBEN appear in a message?
- For example in camt.027, element InstrForAssgne/Cd.
All ExternalAgentInstruction1Code codes · ISO 20022 code sets
The ISO 20022 code names and definitions on this page are reproduced from material published at iso20022.org under the ISO 20022 Intellectual Property Rights policy. This is not the official source: the up-to-date ISO 20022 standards and repository material are published only at iso20022.org. Explanations in our own words are by ZagTrader. ZagTrader is not affiliated with or endorsed by ISO or Swift.