ExternalBillingRateIdentification1Code
UFUR Code: Uncollected Funds Usage Rate
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UFUR means uncollected funds usage rate in the ISO 20022 billing rate identification code set. Per annum interest rate assessed on that portion of the account balance which is the difference between the average negative ledger and the average negative collected balance (AFP balance 00 00 15). This rate is used to assess compensation on the portion of the negative collected balance that represents the use of uncollected funds.
- Code
- UFUR
- ISO name
- UncollectedFundsUsageRate
- Status
- Registered
- Last updated
- 2012-07-13
Official definition
Per annum interest rate assessed on that portion of the account balance which is the difference between the average negative ledger and the average negative collected balance (AFP balance 00 00 15). This rate is used to assess compensation on the portion of the negative collected balance that represents the use of uncollected funds.
Messages and fields that use ExternalBillingRateIdentification1Code
| Message | Element path |
|---|---|
| camt.086 | BllgStmtGrp/BllgStmt/RateData/Id/Cd |
UFUR questions
- What does UFUR mean in ISO 20022?
- UFUR is Uncollected Funds Usage Rate in the ExternalBillingRateIdentification1Code code set: Per annum interest rate assessed on that portion of the account balance which is the difference between the average negative ledger and the average negative collected balance (AFP balance 00 00 15). This rate is used to assess compensation on the portion of the negative collected balance that represents the use of uncollected funds.
- Where does UFUR 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.