If you have any queries regarding the changes, please feel free to contact our Client Services Group:

Transcription

1 Dear Valued Clients, RE: Updates to Straight2Bank Purpose of Payment. In line with the recent change and revision of the purpose code list, the updated list of Purpose of Payment codes will be made available in Straight2Bank Web, starting 2 nd September 2017, for users to select in accordance to the nature of the payment. Kindly refer to full list of Purpose of Payment codes in the table below. In line with regulatory requirements, Purpose of Payment remains as a mandatory field for all foreign currency transactions from your accounts with Standard Chartered Bank Malaysia Berhad and Standard Chartered Saadiq Berhad. Failure to include a Purpose of Payment code will result in your payment instructions being delayed or rejected. From 31 st October 2017 onwards, Purpose of Payment codes which are no longer applicable under the updated list will be removed from Straight2Bank and will not be available for selection. Please be reminded to start immediately updating your existing payment templates and systems with the revised list of Purpose of Payment codes to ensure a smooth transition. If you have any queries regarding the changes, please feel free to contact our Client Services Group: Tel: (Business Banking Client) My.Business@sc.com Tel: or (Corporate Client) straight2bank.my@sc.com Thank you. Yours sincerely, Standard Chartered Bank Malaysia Berhad and Standard Chartered Saadiq Berhad

2 Goods Food And Live Animals Beverages And Tobacco Crude Materials, Inedible, Except Fuels Mineral Fuels, Lubricants And Related Materials Animal And Vegetable Oils, Fat And Waxes Chemicals And Related Products, Not Classified Elsewhere Manufactured Goods Machinery, Non-Customised Packaged Software And Transport Equipment Power Lines, Pipelines And Undersea Communication Cables Miscellaneous Manufactured Articles Commodities And Miscellaneous Transactions Not Classified Elsewhere Refunds Relating To Goods Transactions Non-Monetary Gold Merchanting Trade Goods (Broad Classifications - Value Below RM200k) Services Goods For Processing/Manufacturing Services Freight By Air Freight By Sea Freight By Other Modes Of Transportation Passenger Fare By Air Passenger Fare By Sea Passenger Fare By Other Modes Of Transportation Airport Services Port Services Other Terminal Facilities Charter Of Aircraft (With Crew) Charter Of Ships And Vessels (With Crew) Charter Of Other Modes Of Transport (With Crew) Rentals/Operating Leasing Of Aircraft (Without Crew) Rentals/Operating Leasing Of Ships And Vessels (Without Crew) Rentals/Operating Leasing Of Other Transport Equipment (Without Crew) Rentals/Operating Leasing Of Dwellings, Other Buildings And Machinery Postal And Courier Services Fees For Salvage Operations Repair And Maintenance Of Aircraft, Ships And Other Transport Equipment Goods And Services Purchase By Travellers Travel For Pilgrimage And Religious Observances Travel For Medical Treatment Education-Related 2

3 13210 Goods And Services Purchased Through Business And Official Travel Goods And Services Purchased By Short Term Workers Telecommunication Services Construction And Installation Services In Malaysia Construction And Installation Services Abroad Premium Paid/Received On High Risk Insurance/Takaful Relating To Fire, Marine, Aviation, Etc Premiums Paid/Received On Other General Insurance/Takaful Premium Paid/Received On Life Insurance/Takaful Premiums Paid/Received On Reinsurance/Retakaful Premium Paid/Received On Insurance/Takaful On Goods In The Process Of Being Exported/Imported Claims Settlements On High Risk Insurance/Takaful Relating To Fire, Marine, Aviation, Etc Claims Settlements On Other General Insurance/Takaful Claims Settlements On Life Insurance/Takaful Claims Paid/Received On Reinsurance/Retakaful Claims Paid/Received On Insurance/Takaful On Goods Auxiliary Insurance Services Explicitly-Charged Financial Services Explicit Margins On Buying And Selling Of Financial Instruments Explicitly-Charged Asset Management Services Financial Intermediation Service Charges Indirectly Measured (FISIM) Computer Services Information Services Charges Associated With Intellectual Property Rights License Fees To Reproduce And Distribute Intellectual Property Sharing Of Administrative Expenses Research And Development Services Architectural, Engineering, And Other Technical Services Agricultural, Mining, And On-Site Processing Trade-Related Services Waste Treatment Services Advertising, Market Research And Public Opinion Polling Services Legal Services Accounting Services Management Consulting Services Audio-Visual And Artistic Related Services Health Services Education Services Heritage And Recreational Services Other Personal Services Other Services Transactions Not Identified Elsewhere 3

4 16910 Refunds Relating To Services Transactions Income Direct Investment Income Portfolio Investment Income Investment Income Attributable To Non-Resident Policyholders In Insurance, Pension Schemes, And Standardised Guarantees Interest Paid To/ Received From Related Non-Resident Co. Relating To Loan Obligations, Incl Non-Participating Preference Shares & Financial Leases. Interest Paid To/ Received From Non-Related Non-Resident Co Relating To Loan Obligations, Incl Non-Participating Preference Shares & Financial Leases Interest Paid To/ Received From Non-Residents On Deposits And Negotiable Instruments Of Deposits (NIDS) Interest Paid To/Received From Non-Residents On Investment In Bonds And Notes Interest Paid To/Received From Non-Residents On Money Market Instruments Wages And Salaries In Cash Wages And Salaries In Kind/Benefits Attributable To Employees Employer's Social Contributions Taxes On Products And Productions Subsidies On Products And Productions Rental On Natural Resources Malaysian Government Offices Abroad And Foreign Offices In Malaysia International Organisations Trade Missions Commission & Other Charges Relating To Loan Obligations Of The Malaysian Government BNM Minting Of Coins And Printing Of Notes Special Transactions Inter-Co Settlement For Offsetting Payables Against Receivables (Only Applicable If The Co. Submits Monthly Inter-Co A/C Report To BNM) Transfer By A Company To/From Its Own Current A/C Overseas (Only Applicable If The Co. Submits Monthly Overseas A/C Report To BNM) Transfer By A Resident (Exclude Bank) To/From Current Account Overseas Of Another Resident Company Settlement Between Remittance Services Providers (RSPS) With Resident Financial Institutions Transfer Grants, Aid, Donations And Unclaimed Monies (Government Sector) Pension, Gratuity (Government Sector) Taxes On Income, Wealth And Other Taxable Assets (Government Sector) Fines And Penalties (Government Sector) Social Contributions And Benefits (Government Sector) Compensation And Pledging 4

5 21201 Personal Transfer Grants And Gifts (Private Sector) Workers' Remittances Legacies, Compensations And Prizes Taxes On Income, Wealth And Other Taxable Assets (Private Sector) Fines And Penalties (Private Sector) Net Premiums On Nonlife Insurance And Standardised Guarantees Non-Life Insurance Claims And Calls Under Standardised Guarantees Debt Forgiveness (Government Sector) Other Capital Transfers (Government Sector) Debt Forgiveness (Private Sector) Migrant Transfer Other Capital Transfers (Private Sector) Acquisition/ Disposal Of Non-Produced, Non-Financial Assets Financial Transactions Credit Facilities Long-Term Term Loans (Original Tenure Exceeds One Year) Extension To/Receipt (Drawdown) Of Long-Term Loan From Non-Resident Repayment Of Principal To/By Non-Resident On Long-Term Loan Prepayment Of Principal To/By Non-Resident On Long-Term Loan Short-Term Term Loans (Original Tenure Is One Year Or Less) Extension To/Receipt (Drawdown) Of Short-Term Loan From Non-Resident Repayment Of Principal To/By Non-Resident On Short-Term Loan Prepayment Of Principal To/By Non-Resident On Short-Term Loan Non-Participating Redeemable/Non-Redeemable Preference Shares Issuance Redemption Financial Lease Financial Lease Extension To/Receipt From Non-Resident Repayment Of Financial Lease To/Receipt From Non-Residents Prepayment Of Financial Lease To/Receipt From Non-Resident Revolving Credit/ Overdraft Facilities Credit Facilities Extension To/Receipt From Non-Resident Repayment Of Credit Facilities To/By Non-Resident Prepayment Of Credit Facilities To/By Non-Resident Other Long Term Loan Facilities (Original Tenure Exceeds One Year) Extension To /Receipt From Non-Resident Repayment Of Other Loans Facilities To/By Non-Resident Prepayment Of Other Loans Facilities To/By Non-Resident Other Short Term Loan Facilities (Original Tenure Is One Year Or Less) Extension To /Receipt From Non-Resident Repayment Of Other Loans Facilities To/By Non-Resident 5

6 31923 Prepayment Of Other Loans Facilities To/By Non-Resident Investment Fund Shares Employee Stock Options Subscriptions/ Contributions To/ Reimbursement From International Organisations Equity Capital Equity Investment Mergers And Acquisitions Equity Investment Other Than Mergers And Acquisitions Liquidation Of Investment Head Office Accounts In Branches Capital Expenditure In Special Enterprises/Projects Corporate Stocks And Shares Issued By Residents In Domestic Capital Market Issued By Residents In International Markets Issued By Non-Residents In International Capital Markets Issued By Non-Residents In Domestic Capital Market Bonds And Notes Issued By Residents In Domestic Capital Market Issued By Residents In International Markets Issued By Non-Residents In International Capital Markets Issued By Non-Residents In Domestic Capital Market Money Market Instruments Issued By Residents In Domestic Capital Market Issued By Residents In International Markets Issued By Non-Residents In International Capital Markets Issued By Non-Residents In Domestic Capital Market Government Securities Purchase/Sale Of Malaysian Government Securities Purchase/Sale Of Foreign Government Securities Financial Derivatives Swaps Forwards Futures Options Other Derivatives Other Investments Purchase/Sale Of Real Estate In Malaysia Purchase/Sale Of Real Estate In Malaysia (Commercial) Purchase/Sale Of Real Estate In Malaysia (Residential) Purchase/Sale Of Real Estate Abroad Purchase/Sale Of Real Estate Abroad (Commercial) 6

7 39122 Purchase/Sale Of Real Estateabroad (Residential) Deposits Placement/Withdrawal Of Deposits Of Residents With/From Financial Institutions Abroad. Placement/Withdrawal Of Deposits Of Residents With/From Offshore Financial Institutions In Labuan Own Account Transfer Transfer In Foreign Currency To Own Account Held Within SCB Malaysia Transfer In Foreign Currency To Own Account Held With Other Financial Institutions In Malaysia Other Transfer - Residents (Different Parties) Transfer In Foreign Currency By Resident To Other Account Held Within SCB Malaysia (Including Foreign Currency Loan/Loan Repayment Between Residents) Transfer In Foreign Currency By Resident To Other A/C Held With Other Banks In Malaysia (Incl Foreign Currency Loan / Loan Repayment Between Residents) Other Transfer - Between Non Residents Abroad Transactions Between Non-Residents Effected By Resident FIs Transactions Between Non-Residents Within Malaysia 7