ISO 20022 Academy
ISO 20022 element

<SttlmMtd>

Settlement method — how settlement happens.

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Cardinality (typical)
1..1

Valid codes

INDAvia the instructed agent’s account
INGAvia the instructing agent’s account
CLRGthrough a clearing system
COVEcover (a separate funds leg)

Appears in

pacs.004pacs.008

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