PRAV Code: Progressive Average
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PRAV means progressive average in the ISO 20022 balance sub type code set. Average of the daily balances on the account used to fulfil the reserve requirements calculated from the beginning of the maintenance period.
- Code
- PRAV
- ISO name
- ProgressiveAverage
- Status
- Registered
- Last updated
- 2009-04-01
Official definition
Average of the daily balances on the account used to fulfil the reserve requirements calculated from the beginning of the maintenance period.
Messages and fields that use ExternalBalanceSubType1Code
PRAV in other code sets
PRAV questions
- What does PRAV mean in ISO 20022?
- PRAV is Progressive Average in the ExternalBalanceSubType1Code code set: Average of the daily balances on the account used to fulfil the reserve requirements calculated from the beginning of the maintenance period.
- Where does PRAV appear in a message?
- For example in camt.052, element Rpt/Bal/Tp/SubTp/Cd.
All ExternalBalanceSubType1Code 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.