ExternalBillingBalanceType1Code
LBNM Code: Ledger Bal Avg Negative
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LBNM means ledger bal avg negative in the ISO 20022 billing balance type code set. The sum of only the daily ending NEGATIVE ledger balances divided by the number of days in the statement period. The average negative balance, if present, is always positively signed. Balances are net of current period adjustments. Note that a NEGATIVE balance is equal to the POSITIVE balance less the NET balance. Note that a NEGATIVE Ledger Balance Interest Rate can be applied to this balance to develop an OD interest charge. AFP code=00 00 03
- Code
- LBNM
- ISO name
- LedgerBalAvgNegative
- Status
- Registered
- Last updated
- 2012-07-13
Official definition
The sum of only the daily ending NEGATIVE ledger balances divided by the number of days in the statement period. The average negative balance, if present, is always positively signed. Balances are net of current period adjustments. Note that a NEGATIVE balance is equal to the POSITIVE balance less the NET balance. Note that a NEGATIVE Ledger Balance Interest Rate can be applied to this balance to develop an OD interest charge. AFP code=00 00 03
Messages and fields that use ExternalBillingBalanceType1Code
| Message | Element path |
|---|---|
| camt.086 | BllgStmtGrp/BllgStmt/Bal/Tp/Cd |
LBNM questions
- What does LBNM mean in ISO 20022?
- LBNM is Ledger Bal Avg Negative in the ExternalBillingBalanceType1Code code set: The sum of only the daily ending NEGATIVE ledger balances divided by the number of days in the statement period. The average negative balance, if present, is always positively signed. Balances are net of current period adjustments. Note that a NEGATIVE balance is equal to the POSITIVE balance less the NET balance. Note that a NEGATIVE Ledger Balance Interest Rate can be applied to this balance to develop an OD interest charge. AFP code=00 00 03
- Where does LBNM 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.