ExternalBillingBalanceType1Code
CBAN Code: Collected Bal Avg Net
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CBAN means collected bal avg net in the ISO 20022 billing balance type code set. The sum of the daily ending collected balances (both positive and negative) divided by the number of days in the statement period. A negative-signed value indicates a negative average NET balance. If a reserve-adjusted earnings allowance/credit rate is used, this balance may be the same as the investable balance (00 00 40). Balances are net of current period adjustments. Collected balances represent deposit money that has been collected and excludes any money in float. Note that a NET balance is equal to the POSITIVE balance less the NEGATIVE balance. Note that a NET Collected Balance OD Interest Rate (00 01 43) can be applied to this balance, if negative, to develop an OD interest charge. AFP code=00 00 10
- Code
- CBAN
- ISO name
- CollectedBalAvgNet
- Status
- Registered
- Last updated
- 2012-07-13
Official definition
The sum of the daily ending collected balances (both positive and negative) divided by the number of days in the statement period. A negative-signed value indicates a negative average NET balance. If a reserve-adjusted earnings allowance/credit rate is used, this balance may be the same as the investable balance (00 00 40). Balances are net of current period adjustments. Collected balances represent deposit money that has been collected and excludes any money in float. Note that a NET balance is equal to the POSITIVE balance less the NEGATIVE balance. Note that a NET Collected Balance OD Interest Rate (00 01 43) can be applied to this balance, if negative, to develop an OD interest charge. AFP code=00 00 10
Messages and fields that use ExternalBillingBalanceType1Code
| Message | Element path |
|---|---|
| camt.086 | BllgStmtGrp/BllgStmt/Bal/Tp/Cd |
CBAN questions
- What does CBAN mean in ISO 20022?
- CBAN is Collected Bal Avg Net in the ExternalBillingBalanceType1Code code set: The sum of the daily ending collected balances (both positive and negative) divided by the number of days in the statement period. A negative-signed value indicates a negative average NET balance. If a reserve-adjusted earnings allowance/credit rate is used, this balance may be the same as the investable balance (00 00 40). Balances are net of current period adjustments. Collected balances represent deposit money that has been collected and excludes any money in float. Note that a NET balance is equal to the POSITIVE balance less the NEGATIVE balance. Note that a NET Collected Balance OD Interest Rate (00 01 43) can be applied to this balance, if negative, to develop an OD interest charge. AFP code=00 00 10
- Where does CBAN 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.