ExternalBillingBalanceType1Code
UCFU Code: Uncollected Funds Used
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UCFU means uncollected funds used in the ISO 20022 billing balance type code set. That portion of the balance that is the difference between the average negative collected balance and the average negative ledger balance. This is used to isolate that portion of the negative collected balance that represents the use of uncollected funds. Balances are net of current period adjustments. Note that the Uncollected Funds Usage Rate can be applied to this balance to develop an Uncollected Funds OD interest charge. AFP code=00 00 15
- Code
- UCFU
- ISO name
- UncollectedFundsUsed
- Status
- Registered
- Last updated
- 2012-07-13
Official definition
That portion of the balance that is the difference between the average negative collected balance and the average negative ledger balance. This is used to isolate that portion of the negative collected balance that represents the use of uncollected funds. Balances are net of current period adjustments. Note that the Uncollected Funds Usage Rate can be applied to this balance to develop an Uncollected Funds OD interest charge. AFP code=00 00 15
Messages and fields that use ExternalBillingBalanceType1Code
| Message | Element path |
|---|---|
| camt.086 | BllgStmtGrp/BllgStmt/Bal/Tp/Cd |
UCFU questions
- What does UCFU mean in ISO 20022?
- UCFU is Uncollected Funds Used in the ExternalBillingBalanceType1Code code set: That portion of the balance that is the difference between the average negative collected balance and the average negative ledger balance. This is used to isolate that portion of the negative collected balance that represents the use of uncollected funds. Balances are net of current period adjustments. Note that the Uncollected Funds Usage Rate can be applied to this balance to develop an Uncollected Funds OD interest charge. AFP code=00 00 15
- Where does UCFU 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.