ExternalBillingBalanceType1Code
IBNC Code: Interest Bearing Net Collected Balance
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IBNC means interest bearing net collected balance in the ISO 20022 billing balance type code set. The average net collected balance that can be used to show the base balance for the calculation of a hard interest credited. This is a hard interest credit as opposed to an earnings credit. AFP code=00 00 71
- Code
- IBNC
- ISO name
- InterestBearingNetCollectedBalance
- Status
- Registered
- Last updated
- 2012-07-13
Official definition
The average net collected balance that can be used to show the base balance for the calculation of a hard interest credited. This is a hard interest credit as opposed to an earnings credit. AFP code=00 00 71
Messages and fields that use ExternalBillingBalanceType1Code
| Message | Element path |
|---|---|
| camt.086 | BllgStmtGrp/BllgStmt/Bal/Tp/Cd |
IBNC questions
- What does IBNC mean in ISO 20022?
- IBNC is Interest Bearing Net Collected Balance in the ExternalBillingBalanceType1Code code set: The average net collected balance that can be used to show the base balance for the calculation of a hard interest credited. This is a hard interest credit as opposed to an earnings credit. AFP code=00 00 71
- Where does IBNC 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.