ExternalBillingCompensationType1Code
TICD Code: Ttl Interest Credited
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TICD means ttl interest credited in the ISO 20022 billing compensation type code set. Total amount of hard interest credited to a designated account. The amount of hard interest credited, if any, is calculated by applying the Interest Credited rate against a negative balance as reported in the Balance Section with a Balance Identifier of ExcessDeficitCollectedBal (AFP code 00 04 12). AFP code=00 00 76
- Code
- TICD
- ISO name
- TtlInterestCredited
- Status
- Registered
- Last updated
- 2012-07-13
Official definition
Total amount of hard interest credited to a designated account. The amount of hard interest credited, if any, is calculated by applying the Interest Credited rate against a negative balance as reported in the Balance Section with a Balance Identifier of ExcessDeficitCollectedBal (AFP code 00 04 12). AFP code=00 00 76
Messages and fields that use ExternalBillingCompensationType1Code
| Message | Element path |
|---|---|
| camt.086 | BllgStmtGrp/BllgStmt/Compstn/Tp/Cd |
TICD questions
- What does TICD mean in ISO 20022?
- TICD is Ttl Interest Credited in the ExternalBillingCompensationType1Code code set: Total amount of hard interest credited to a designated account. The amount of hard interest credited, if any, is calculated by applying the Interest Credited rate against a negative balance as reported in the Balance Section with a Balance Identifier of ExcessDeficitCollectedBal (AFP code 00 04 12). AFP code=00 00 76
- Where does TICD 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.