1626 Interest Rate Calculation Method Code

Code identifying the type of method used to calculate the interest rate

Type
Identifier (ID)
Length
Min 1 / Max 1
Codes
CodeDescription
1Simple
2Daily Simple
3Rule of 78s

Stedi is a registered trademark of Stedi, Inc. Stedi's EDI Reference is provided for marketing purposes and is free of charge. All names, logos, and brands of third parties listed on our site are trademarks of their respective owners (including “X12”, which is a trademark of X12 Incorporated). Stedi, Inc. and its products and services are not endorsed by, sponsored by, or affiliated with these third parties. Our use of these names, logos, and brands is for identification purposes only, and does not imply any such endorsement, sponsorship, or affiliation.