ExternalBillingCompensationType1Code
FREE Code: Free Services
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FREE means free services in the ISO 20022 billing compensation type code set. Total amount of service charges as listed in the Service Sections that are provided free of charge. Such services carry a Payment Method code of "FREE" (Free). This amount is included in SettleChargetTL-Current Period (AFP code 00 03 00). Should be sent if there are any “Free” service charges in the Service Sections. It is assumed that “waived” and “free” services are not taxed. AFP code=00 03 36
- Code
- FREE
- ISO name
- FreeServices
- Status
- Registered
- Last updated
- 2012-07-13
Official definition
Total amount of service charges as listed in the Service Sections that are provided free of charge. Such services carry a Payment Method code of "FREE" (Free). This amount is included in SettleChargetTL-Current Period (AFP code 00 03 00). Should be sent if there are any “Free” service charges in the Service Sections. It is assumed that “waived” and “free” services are not taxed. AFP code=00 03 36
Messages and fields that use ExternalBillingCompensationType1Code
| Message | Element path |
|---|---|
| camt.086 | BllgStmtGrp/BllgStmt/Compstn/Tp/Cd |
FREE questions
- What does FREE mean in ISO 20022?
- FREE is Free Services in the ExternalBillingCompensationType1Code code set: Total amount of service charges as listed in the Service Sections that are provided free of charge. Such services carry a Payment Method code of "FREE" (Free). This amount is included in SettleChargetTL-Current Period (AFP code 00 03 00). Should be sent if there are any “Free” service charges in the Service Sections. It is assumed that “waived” and “free” services are not taxed. AFP code=00 03 36
- Where does FREE 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.