Information on foreign payments

To which payments do the rules apply?

All payments directed to Bahrain (regardless of the currency, the payee’s bank is the decisive factor)

Purpose of the payment

/BENEFRES/BH//XXX/, where XXX is the SWIFT purpose code – to obtain the specific code, please contact the counterparty to the transaction.

To which payments do the rules apply?

all payments to Canada or in CAD

Payee’s address

it is mandatory to provide the complete address of the payee: street name, number, city, province / state, country

To which payments do the rules apply?

All payments to China in CNY

Payee

• the real name or business name of the company to receive the funds
• the first line with the payee’s address should start with ADD

Purpose of the payment

depending on the nature of the payment, one of these code words must be specified:

• CGODDR – for payments for goods
• CSTRDR – for payments for services

where this information is provided in the Instruction for the bank (or Instruction to the bank or Statistics, depending on the application) (i.e. it is not a standard purpose of payment or message to the payee)

Sample payment illustration

To which payments do the rules apply?

All payments directed to Jordan (regardless of the currency, the payee’s bank is the decisive factor)

Payee

the payee’s account number – must be in the IBAN format

Purpose of the payment

The code identification of the purpose of the payment must be specified in the format required by the local central bank. The code consists of four digits (e.g. 9876 – the specific code should be provided by the counterparty to the transaction) and should be entered from the first position of the Purpose of payment (or Payment details, depending on the application). It can be followed by further details of the amount paid (e.g. an invoice number, etc.).

To which payments do the rules apply?

All payments directed to Myanmar (regardless of the currency, the payee’s bank is the decisive factor)

Purpose of the payment

A code identification of the purpose of the payment in the format required under local legislation. The code consists of four digits (e.g. 2510 – the specific code should be provided by the counterparty to the transaction) and should start with ITRS CODE and be entered in the Purpose of payment field (or Payment details, depending on the application) in the payment order. It can be followed by further details of the amount paid (e.g. an invoice number, etc.).

To which payments do the rules apply?

All payments directed to the United Arab Emirates (regardless of the currency, the payee’s bank is the decisive factor)

Payee

the payee’s account number must be specified in the IBAN format

Purpose of the payment

The code identification of the purpose of the payment in the format required by the local central bank. The information starts with a slash, the PPC keyword, another slash and a 3-letter code (e.g. /PPC/GDS for the purchase and sale of goods – we recommend obtaining the specific code from the payee; the slashes are important for automatic processing). This identification can be followed by additional text regarding the amount paid (e.g. an invoice number, etc.).

To which payments do the rules apply?

All payments to the United States of America in USD

Payee

• the actual payee is indicated – at least the first two fields for the name and address are completed (at least three alphanumeric characters)
• the payee’s address in the US includes the US state code (two digits – e.g. AK)
• the name and address of the payee must also be provided when making a payment in USD outside the US or when making a payment in any currency to a US account

Payee’s bank

• SWIFT (BIC) code of the payee’s bank
• alternatively, you can enter the bank address and possibly its national code (ABA routing number or FW for FedWire) – please request the required details from the payee

Sample payment illustration

To which payments do the rules apply?

All payments directed to Uganda (regardless of the currency, the payee’s bank is the decisive factor)

Payee

the payee’s address must be completed

Purpose of the payment

A code identification of the purpose of the payment in the format required under local legislation. The code usually consists of four letters (e.g. CORT, where the specific code should be provided by the counterparty to the transaction) and is to be entered on the last free line of the Purpose of payment field (or Payment details, depending on the application) in the payment order. The preceding part of this field can be used to leave a message for the payee (e.g. invoice numbers).