ExternalBillingRateIdentification1Code
RSRV Code: Reserve Requirement Rate
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RSRV means reserve requirement rate in the ISO 20022 billing rate identification code set. Per annum interest rate used to calculate that portion of the CollectedBal-AvgPositive that US banks must keep on deposit at the US Federal Reserve.
- Code
- RSRV
- ISO name
- ReserveRequirementRate
- Status
- Registered
- Last updated
- 2012-07-13
Official definition
Per annum interest rate used to calculate that portion of the CollectedBal-AvgPositive that US banks must keep on deposit at the US Federal Reserve.
Messages and fields that use ExternalBillingRateIdentification1Code
| Message | Element path |
|---|---|
| camt.086 | BllgStmtGrp/BllgStmt/RateData/Id/Cd |
RSRV questions
- What does RSRV mean in ISO 20022?
- RSRV is Reserve Requirement Rate in the ExternalBillingRateIdentification1Code code set: Per annum interest rate used to calculate that portion of the CollectedBal-AvgPositive that US banks must keep on deposit at the US Federal Reserve.
- Where does RSRV 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.