ExternalBillingCompensationType1Code
WAIV Code: Waived Services
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WAIV means waived services in the ISO 20022 billing compensation type code set. Amount of service charges otherwise due that are waived on this statement. Such services carry a Payment Method code of “WVED" (Waived). Note that this amount does not include line item free services (AFP code 00 03 36). This amount is included in SettleChargetTL-Current Period (AFP code 00 03 00). Any such line item waivers or free services are not brought forward into the Compensation calculations. It is assumed that “waived” and “free” services are not taxed. afp CODE=00 03 40
- Code
- WAIV
- ISO name
- WaivedServices
- Status
- Registered
- Last updated
- 2012-07-13
Official definition
Amount of service charges otherwise due that are waived on this statement. Such services carry a Payment Method code of “WVED" (Waived). Note that this amount does not include line item free services (AFP code 00 03 36). This amount is included in SettleChargetTL-Current Period (AFP code 00 03 00). Any such line item waivers or free services are not brought forward into the Compensation calculations. It is assumed that “waived” and “free” services are not taxed. afp CODE=00 03 40
Messages and fields that use ExternalBillingCompensationType1Code
| Message | Element path |
|---|---|
| camt.086 | BllgStmtGrp/BllgStmt/Compstn/Tp/Cd |
WAIV questions
- What does WAIV mean in ISO 20022?
- WAIV is Waived Services in the ExternalBillingCompensationType1Code code set: Amount of service charges otherwise due that are waived on this statement. Such services carry a Payment Method code of “WVED" (Waived). Note that this amount does not include line item free services (AFP code 00 03 36). This amount is included in SettleChargetTL-Current Period (AFP code 00 03 00). Any such line item waivers or free services are not brought forward into the Compensation calculations. It is assumed that “waived” and “free” services are not taxed. afp CODE=00 03 40
- Where does WAIV 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.