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ExternalPurpose1Code

ExternalPurpose1Code is used for defining the purpose of the payment. For example defining payment type to be salary  with pain.001.001.03 credit transfer initiation message it is done this way:

<Purp>
    <Cd>SALA</Cd>
</Purp>

External code lists are defined in ISO20022 standard. The full list of codes can be found from ISO20022 pages at http://www.iso20022.org/external_code_list.page