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1626 Interest Rate Calculation Method Code

Length
Fixed length of 1
Allowed Codes
3 defined values

Interest Rate Calculation Method Code (1626), is an Identifier type element, and with a fixed length of 1. Sign up free or login to view the full element and download it in Markdown or console (text) formats.

Allowed Codes
Code Description
1 Simple
2 Daily Simple
3 Rule of 78s

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See every allowed code, usage note, and implementation detail for Interest Rate Calculation Method Code. Download it in console (text) or Markdown format, or use the tedi CLI to access the full X12 reference from your terminal.

Appears in segments

Used by transaction sets