ExternalBillingBalanceType1Code
BEQU Code: Bal Equivalent
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BEQU means bal equivalent in the ISO 20022 billing balance type code set. Balance required to offset the current analysis period’s balance compensable service charges. The balance equivalent can be calculated in two different ways. The first simply multiplies the balance compensable service charge total by the multiplier. The second calculation incorporates all of the elements of the multiplier calculation. Note that this calculation may result in a slightly different value due to the decimal precision and rounding used in the calculation: AFP code=00 04 00
- Code
- BEQU
- ISO name
- BalEquivalent
- Status
- Registered
- Last updated
- 2012-07-13
Official definition
Balance required to offset the current analysis period’s balance compensable service charges. The balance equivalent can be calculated in two different ways. The first simply multiplies the balance compensable service charge total by the multiplier. The second calculation incorporates all of the elements of the multiplier calculation. Note that this calculation may result in a slightly different value due to the decimal precision and rounding used in the calculation: AFP code=00 04 00
Messages and fields that use ExternalBillingBalanceType1Code
| Message | Element path |
|---|---|
| camt.086 | BllgStmtGrp/BllgStmt/Bal/Tp/Cd |
BEQU questions
- What does BEQU mean in ISO 20022?
- BEQU is Bal Equivalent in the ExternalBillingBalanceType1Code code set: Balance required to offset the current analysis period’s balance compensable service charges. The balance equivalent can be calculated in two different ways. The first simply multiplies the balance compensable service charge total by the multiplier. The second calculation incorporates all of the elements of the multiplier calculation. Note that this calculation may result in a slightly different value due to the decimal precision and rounding used in the calculation: AFP code=00 04 00
- Where does BEQU appear in a message?
- For example in camt.086, element BllgStmtGrp/BllgStmt/Bal/Tp/Cd.
All ExternalBillingBalanceType1Code 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.