Brunei Payment Purpose Codes THEN SELECT IF THE PAYMENT GROUP CLASSIFICATION IS... AND YOUR PAYMENT PURPOSE DESCRIPTION IS

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1 Merchandise imports Goods for processing Goods Repairs on goods Goods procured in ports by carriers Non-monetary gold (held as a store of value) Non-monetary gold (other) Sea transport-passenger fares Sea transport-freight Sea transport-others(port expenses, charter of ships with operators, agents fees, etc.) Air transport-passenger fares Services - Transportation Air transport-freight Air transport-others(port expenses, charter of ships with operators, agents fees, etc.) Other transport-passenger fares Other transport-freight Other transport-others Remittances for educational purposes Foreign currency notes sold for use abroad Travellers cheques sold for use abroad Telegraphic transfers/drafts/cheques in favour of Brunei residents going abroad Services - Travel Credit card payments Hotel and lodging expenses for visits abroad by Brunei residents Medical fees Refunds on car rentals Other travel payments, e.g. for package tours Services - Communication services Communication services Services - Construction services Construction services Services - Insurance services Merchandise insurance premiums paid (on exports and imports) Other insurance premiums paid Insurance claims paid Insurance refunds Page 1

2 Commissions Services - Financial Underwriting fees services Bank charges Services Computer and information services Royalties and license fee - Patent fees and copyrights Hire of equipment Charter of ships and aircrafts without operators Advertising Services - Other business services Fees for management, consultancy or other professional services Other refunds Other services Personal cultural and recreational services - Film rental Personal cultural and recreational services - Refunds on subscription and fees Personal cultural and recreational services - Audiovisual and related services Services Personal cultural and recreational services - Other personal, cultural and recreational services Government services not classified elsewhere - Payments to foreign government and international bodies for service Government services not classified elsewhere - Government transactions Income - Compensation of employees Income - Investment income Current transfers Current transfers - Other sectors Capital transfers Salaries and allowances paid by Brunei resident firms to non-residents Rental payments on land and property Transfers of profits from branch or subsidiary in Brunei Head office remittances to meet losses of branches abroad Dividends Interest General government - Income tax, property tax, etc General government - Tax refunds by Brunei government General government - Funding Remittances for family maintenance Gift or donations Pensions General government - Debt forgiveness General government - Grants to foreign government and international bodies Page 2

3 Migrants transfers Capital transfers - Other Other sectors-debt forgiveness sectors Legacies Other sectors-others Acquisition/disposal of non-produced, non-financial assets Withdrawal of investment by non-resident firms from their branches or subsidiaries in Brunei Brunei residents purchases of land and property abroad from non-residents Brunei residents investment in their branches or subsidiaries abroad Brunei residents purchases of shares in companies abroad, other than shares in their own subsidiaries Transfers to main account Direct investment Short-term loans (less than a year) extended from Brunei from head office, or from a branch or subsidiary (non financial institution) Long-term loans (more than a year) extended from Brunei from head office, or from a branch or subsidiary (non financial institution) subsidiary, of short-term loans (less than a year) (nonfinancial institution) subsidiary, of long-term loans (more than a year) (nonfinancial institution) Inter-branch settlements (non-financial institution) Sales of shares in Brunei companies by non-residents, other than shares in their own subsidiaries Portfolio investment Brunei residents purchases of foreign government bonds from non-residents Brunei residents purchases of other foreign bonds from non-residents Page 3

4 CLASSIFICATION IS... Other investment AND YOUR PAYMENT PURPOSE DESCRIPTION IS Cheques paid by resident individual to non-resident individual Cheques paid by resident individual to non-resident institution Cheques paid by resident institution to non-resident individual Cheques paid by resident institution to non-resident institution Refunds on exports Refunds on unspecified cheque payment Life insurance premiums paid Residents transfers of fund into call or fixed deposits with banks abroad Non-residents withdrawals of funds from call or fixed deposits with Brunei banks Short-term loans (less than a year) extended from Brunei from head office, or from a branch or subsidiary (financial institution) Long-term loans (more than a year) extended from Brunei from head office, or from a branch or subsidiary (financial institution) subsidiary, of short-term loans (less than a year) (financial institution) subsidiary, of long-term loans (more than a year) (financial institution) Disbursement of short-term loans to non-residents Disbursement of long-term loans to non-residents Brunei residents repayments on short-term loans received from abroad Brunei residents repayments on long-term loans received from abroad Purchases of foreign exchange from abroad Losses from exchange rate fluctuations Inter-branch settlements (clearing settlements) Inter-bank clearing settlements Funding Other transactions not classified elsewhere Provident fund/trust fund Page 4

5 Monetary gold Special Drawing rights Reserve position in the fund Currencies and deposits with monetary authorities Reserve assets Currencies and deposits with banks Securities (equities) Securities (bonds and notes) Securities (money market instruments and financial derivatives) Other claims PNC is a registered mark of The PNC Financial Services Group, Inc. ("PNC"). Bank deposit, treasury management and lending products and services are provided by PNC Bank, National Association, a whollyowned subsidiary of PNC and Member FDIC. Lending and leasing products and services, including card services and merchant services, as well as certain other banking products and services, may require credit approval The PNC Financial Services Group, Inc. All rights reserved. pnc.com/treasury Page 5