ExternalBillingRateIdentification1Code
NLBO Code: Net Ledger Balance Overdraft Rate
Written and maintained by ZagTrader. Last reviewed . How this page is sourced and checked
NLBO means net ledger balance overdraft rate in the ISO 20022 billing rate identification code set. Per annum interest rate used to calculate overdraft compensation on an average net ledger balance which is negative (AFP balance 00 00 00). An average NET balance is negative when the sum of the daily ending POSITIVE and NEGATIVE balances is negative.
- Code
- NLBO
- ISO name
- NetLedgerBalanceOverdraftRate
- Status
- Registered
- Last updated
- 2012-07-13
Official definition
Per annum interest rate used to calculate overdraft compensation on an average net ledger balance which is negative (AFP balance 00 00 00). An average NET balance is negative when the sum of the daily ending POSITIVE and NEGATIVE balances is negative.
Messages and fields that use ExternalBillingRateIdentification1Code
| Message | Element path |
|---|---|
| camt.086 | BllgStmtGrp/BllgStmt/RateData/Id/Cd |
NLBO questions
- What does NLBO mean in ISO 20022?
- NLBO is Net Ledger Balance Overdraft Rate in the ExternalBillingRateIdentification1Code code set: Per annum interest rate used to calculate overdraft compensation on an average net ledger balance which is negative (AFP balance 00 00 00). An average NET balance is negative when the sum of the daily ending POSITIVE and NEGATIVE balances is negative.
- Where does NLBO 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.