Page last modified 20:53, 27 Jan 2021 by Antero

Currency Decimals

    Table of contents
    1. 1. Overview
    2. 2. Behaviour in validation

    Overview

    When declaring amounts in ISO 20022 payment files, the maximum number of digits after a decimal separator depends on the currency in question.

    Currency Codes and maximum number of digits are defined in ISO 4217

    The vast majority of currencies limit maximum digits in decimal to 2. Examples of these currencies inlcude: USD, EUR, CAD, GBP, NOK

     

    Behaviour in validation

    When a payment file contains too many digits after a decimal separator, following type of an error is given:

    "Too many decimal digits given. Maximum of 2 may be present for the given currency.”

    Valid examples:

    • <InstdAmt Ccy="EUR">10.21</InstdAmt>
    • <InstdAmt Ccy="EUR">10.2</InstdAmt>
    • <InstdAmt Ccy="EUR">10</InstdAmt>

    Invalid examples (Returns error)

    • <InstdAmt Ccy="EUR">10.403</InstdAmt>

     

    Further reading

    ISO 4217: https://www.iso.org/iso-4217-currency-codes.html

    Wikipedia: en.wikipedia.org/wiki/ISO_4217

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