SWIFT ISO 20022 - Message description - Interest Payment Request (colr.013.001)

Scope

The InterestPaymentRequest message is sent by either;

• the collateral taker or its collateral manager to the collateral giver or its collateral manager, or
• the collateral giver or its collateral manager to the collateral taker or its collateral manager

It is used to request payment or advise the amount due for interest calculated for a specified period. The interest is based on the amount of collateral that has been held during the calculation period. It is possible to send these messages on a bi-lateral basis for matching.

The message definition is intended for use with the ISO20022 Business Application Header.

Usage

The InterestPaymentRequest message is used to advise the interest amount calculated for a specific period or request payment for an interest amount for a specific period.

IntrstPmtReq