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ExternalLocalInstrument1Code

GST Code: Truncated Credit Transfers

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GST means truncated credit transfers in the ISO 20022 local instrument code set. Transaction is related to truncated credit transfers.

Code
GST
ISO name
TruncatedCreditTransfers
Status
Registered
Last updated
2011-12-02

Official definition

Transaction is related to truncated credit transfers.

Conversion of physical instrument to electonric form for transmission to the paying bank and where the original paper document does not continue in the clearing process..The original instrument rules are retained throughout the life of the instrument.

Transaction triggered by specific marked and populated paper slip.

Reconciliation reference is secured by check digits supporting secure optical recognition. All other remittance information is truncated prior transmission.

Definition from the ISO 20022 External Code Sets, 2Q2026 (published 28 Aug 2026).

Messages and fields that use ExternalLocalInstrument1Code

MessageElement path
pacs.002TxInfAndSts/OrgnlTxRef/PmtTpInf/LclInstrm/Cd, TxInfAndSts/OrgnlTxRef/MndtRltdInf/CdtTrfMndt/Tp/LclInstrm/Cd
pain.002OrgnlPmtInfAndSts/TxInfAndSts/OrgnlTxRef/PmtTpInf/LclInstrm/Cd, OrgnlPmtInfAndSts/TxInfAndSts/OrgnlTxRef/MndtRltdInf/CdtTrfMndt/Tp/LclInstrm/Cd
pacs.004TxInf/PmtTpInf/LclInstrm/Cd, GrpHdr/PmtTpInf/LclInstrm/Cd, TxInf/OrgnlTxRef/PmtTpInf/LclInstrm/Cd, TxInf/OrgnlTxRef/UndrlygFICdtTrf/PmtTpInf/LclInstrm/Cd
camt.056Undrlyg/TxInf/OrgnlTxRef/PmtTpInf/LclInstrm/Cd, Undrlyg/TxInf/OrgnlTxRef/MndtRltdInf/CdtTrfMndt/Tp/LclInstrm/Cd
camt.029ModDtls/OrgnlTxRef/PmtTpInf/LclInstrm/Cd, CxlDtls/TxInfAndSts/OrgnlTxRef/PmtTpInf/LclInstrm/Cd, ModDtls/OrgnlTxRef/MndtRltdInf/CdtTrfMndt/Tp/LclInstrm/Cd, CxlDtls/OrgnlPmtInfAndSts/TxInfAndSts/OrgnlTxRef/PmtTpInf/LclInstrm/Cd
pacs.008GrpHdr/PmtTpInf/LclInstrm/Cd, CdtTrfTxInf/PmtTpInf/LclInstrm/Cd, CdtTrfTxInf/MndtRltdInf/Tp/LclInstrm/Cd
pacs.009GrpHdr/PmtTpInf/LclInstrm/Cd, CdtTrfTxInf/PmtTpInf/LclInstrm/Cd, CdtTrfTxInf/UndrlygFICdtTrf/PmtTpInf/LclInstrm/Cd, CdtTrfTxInf/UndrlygCstmrCdtTrf/PmtTpInf/LclInstrm/Cd
pain.001PmtInf/PmtTpInf/LclInstrm/Cd, PmtInf/CdtTrfTxInf/PmtTpInf/LclInstrm/Cd, PmtInf/CdtTrfTxInf/MndtRltdInf/Tp/LclInstrm/Cd

And 49 more messages: see the ExternalLocalInstrument1Code page.

GST questions

What does GST mean in ISO 20022?
GST is Truncated Credit Transfers in the ExternalLocalInstrument1Code code set: Transaction is related to truncated credit transfers. Conversion of physical instrument to electonric form for transmission to the paying bank and where the original paper document does not continue in the clearing process..The original instrument rules are retained throughout the life of the instrument. Transaction triggered by specific marked and populated paper slip. Reconciliation reference is secured by check digits supporting secure optical recognition. All other remittance information is truncated prior transmission.
Where does GST appear in a message?
For example in camt.056, element Undrlyg/TxInf/OrgnlTxRef/PmtTpInf/LclInstrm/Cd.

All ExternalLocalInstrument1Code 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.