ZagTrader

ExternalLocalInstrument1Code

IDEAL Code: Payments Via Internet Owned By Currence

Written and maintained by ZagTrader. Last reviewed . How this page is sourced and checked

IDEAL means payments via internet owned by currence in the ISO 20022 local instrument code set. Transaction is related to payments via internet owned by Currence.

Code
IDEAL
ISO name
PaymentsViaInternetOwnedByCurrence
Status
Registered
Last updated
2009-04-01

Official definition

Transaction is related to payments via internet owned by Currence.

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.

IDEAL questions

What does IDEAL mean in ISO 20022?
IDEAL is Payments Via Internet Owned By Currence in the ExternalLocalInstrument1Code code set: Transaction is related to payments via internet owned by Currence.
Where does IDEAL 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.