ExternalBillingRateIdentification1Code
NGCO Code: Negative Collected Overdraft Rate
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NGCO means negative collected overdraft rate in the ISO 20022 billing rate identification code set. Per annum interest rate applied to NEGATIVE collected balances (AFP balance 00 00 13) for calculation of overdraft compensation.
- Code
- NGCO
- ISO name
- NegativeCollectedOverdraftRate
- Status
- Registered
- Last updated
- 2012-07-13
Official definition
Per annum interest rate applied to NEGATIVE collected balances (AFP balance 00 00 13) for calculation of overdraft compensation.
Messages and fields that use ExternalBillingRateIdentification1Code
| Message | Element path |
|---|---|
| camt.086 | BllgStmtGrp/BllgStmt/RateData/Id/Cd |
NGCO questions
- What does NGCO mean in ISO 20022?
- NGCO is Negative Collected Overdraft Rate in the ExternalBillingRateIdentification1Code code set: Per annum interest rate applied to NEGATIVE collected balances (AFP balance 00 00 13) for calculation of overdraft compensation.
- Where does NGCO appear in a message?
- For example in camt.086, element BllgStmtGrp/BllgStmt/RateData/Id/Cd.
All ExternalBillingRateIdentification1Code 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.