ExternalBillingCompensationType1Code
EDAL Code: Excess Deficit Earnings Allowance
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EDAL means excess deficit earnings allowance in the ISO 20022 billing compensation type code set. The difference between the earnings allowance and the balance compensable service charges. Excess allowance occurs when the earnings allowance exceeds the total balance compensable service charges. A Deficit allowance occurs when the total balance compensable service charges exceed the earnings allowance. Excess allowances may be carried forward into future statement periods at the bank’s discretion. Deficit allowances are typically reflected as charges due to the bank in the form of DeficitEarningsAllowanceDueThisStmt (AFP code 00 02 47). This value must be sent if the bank is providing an earnings credit based on deposit balances. AFP code=00 02 41
- Code
- EDAL
- ISO name
- ExcessDeficitEarningsAllowance
- Status
- Registered
- Last updated
- 2012-07-13
Official definition
The difference between the earnings allowance and the balance compensable service charges. Excess allowance occurs when the earnings allowance exceeds the total balance compensable service charges. A Deficit allowance occurs when the total balance compensable service charges exceed the earnings allowance. Excess allowances may be carried forward into future statement periods at the bank’s discretion. Deficit allowances are typically reflected as charges due to the bank in the form of DeficitEarningsAllowanceDueThisStmt (AFP code 00 02 47). This value must be sent if the bank is providing an earnings credit based on deposit balances. AFP code=00 02 41
Messages and fields that use ExternalBillingCompensationType1Code
| Message | Element path |
|---|---|
| camt.086 | BllgStmtGrp/BllgStmt/Compstn/Tp/Cd |
EDAL questions
- What does EDAL mean in ISO 20022?
- EDAL is Excess Deficit Earnings Allowance in the ExternalBillingCompensationType1Code code set: The difference between the earnings allowance and the balance compensable service charges. Excess allowance occurs when the earnings allowance exceeds the total balance compensable service charges. A Deficit allowance occurs when the total balance compensable service charges exceed the earnings allowance. Excess allowances may be carried forward into future statement periods at the bank’s discretion. Deficit allowances are typically reflected as charges due to the bank in the form of DeficitEarningsAllowanceDueThisStmt (AFP code 00 02 47). This value must be sent if the bank is providing an earnings credit based on deposit balances. AFP code=00 02 41
- Where does EDAL appear in a message?
- For example in camt.086, element BllgStmtGrp/BllgStmt/Compstn/Tp/Cd.
All ExternalBillingCompensationType1Code 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.