ISO 20022 Academy

ISO 20022 element

<Purp>

Purpose — the payment’s declared reason, read at the far end (beneficiary bank, regulator).

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Cardinality (typical): 0..1

Valid codes

`SALA`	salary
`SUPP`	supplier
`DIVD`	dividend
`TAXS`	tax
`PENS`	pension
`INTC`	intra-company

Part of the ISO 20022 Dictionary — the reference layer of ISO 20022 Academy. Written by Revanth Sai Rayapati.