LIST OF EXTERNAL PAYMENT CODES LEPC 2.1

Transcription

1 LIST OF EXTERNAL PAYMENT CODES LEPC 2.1

2 List of External Payment Codes LEPC The List of External Payment Codes (hereinafter, the List of Codes) shall be used by residents of the Republic of Latvia when making external payments (the transfer of a resident's funds to a non-resident or an increase in a foreign deposit, and the transfer of a non-resident's funds to a resident or a decrease in a foreign deposit), and when preparing and submitting, pursuant to the regulations in force, the statistical information related to external economic activity. The List of Codes is a list of external payments where a 3-digit payment, drawn from the balance of payments international standards, is assigned to each type of activity. The payment s are arrayed in 9 groups in accordance with the standard items of the balance of payments. The user shall at first get acquainted with the structure of the List of Codes: group names, their contents and explanations provided in the notes. The payment shall be chosen in accordance with the explanations, as provided in the notes relating to the purpose of an external payment. Payment Group name and payment purpose Notes GOODS 111 Exports/imports of goods Payments between a resident and a non-resident relating to exports and imports of goods where ownership changes as a result of a payment. 112 Advance payments Advance payments and pre-payments for goods. 151 Processing of goods abroad Payments for processing of goods abroad. 152 Processing of goods in Latvia Payments for processing of goods in Latvia. 160 Repairs on goods Costs of repairs on ships, aeroplanes and other fixed assets that increase the value of fixed assets. 170 Goods procured in ports by carriers 180 Gold Imports and exports of gold. 190 Intermediary activities in trading with goods outside Latvia Fuel, foodstuffs and other goods purchased and consumed by resident carriers abroad and by non-resident carriers in Latvia. Purchase of goods from a non-resident in a foreign country that are to be sold abroad and sale of goods purchased in a foreign country without bringing them into Latvia. TRANSPORTATION Sea transport 207 Passenger Passenger carriage and rental of vessels (with a crew) for passenger carriage. 208 Freight Transportation of cargoes; loading and unloading of cargoes by a cargo carrier; rental of vessels (with a crew) for the transportation of cargoes. 209 Other services Services of stevedores; navigation, pilot, anchoring and other port services; rescue services; technical maintenance of ships; activities of sea freight forwarders and agents. Air transport 211 Passenger Passenger carriage and rental of aeroplanes (with a crew) for passenger carriage. 212 Freight Transportation of cargoes; loading and unloading of cargoes by a cargo carrier; charter of aeroplanes (with a crew) for the transportation of cargoes. 213 Other services Airport services; loading and unloading of cargoes by somebody other than a cargo carrier; services related to air traffic control; rescue services; technical maintenance of aeroplanes; agency services related to passenger and cargo transportation. 1 Approved on July 25, 2000 by Resolution No. 95-PD of the Bank of Latvia Governor; in effect as of January 1,

3 Payment Group name and payment purpose Notes Rail transport 220 Passenger Passenger carriage by rail. 221 Freight Transportation of cargoes by rail; loading and unloading of cargoes by a cargo carrier. 222 Other services Exploitation of railways; loading and unloading of cargoes by somebody other than a cargo carrier; technical maintenance and running repairs of rolling stock. Road transport 224 Passenger Passenger carriage by road; rental of road transport (with a driver) for passenger carriage. 225 Freight Transportation of cargoes by road; loading and unloading of cargoes by a cargo carrier; rental of freight cars (with a driver). 226 Other services Exploitation of roads, parking lots, garages; loading and unloading of cargoes by somebody other than a cargo carrier; technical maintenance of road transport; activities of cargo forwarders and agents. Other transport services 231 Pipeline transport Transportation of gas, oil and oil products by pipeline; exploitation of pumping stations. 232 Other transport-related services Storage of all kinds of goods (including gas); customs clearance; freight processing operations (e.g., temporary placement of goods in or removal from boxes, inspection, weighing), and auxiliary transport activities n.i.e. OTHER SERVICES 237 Business travel All kinds of services (e.g., hotel, local transport, public catering), except international transportation services, purchased during business travel. 241 Health-related travel Services rendered by hospitals, health resorts and other medical institutions; other services, except international transportation services, purchased during health-related travel. 242 Education-related travel Tuition fees and other services, except international transportation services, purchased during education-related travel. 243 Other personal travel Services of travel companies, hotels, camping sites and other places of settlement, and other services, except international transportation services, purchased during personal travel (except health- or education-related travel). 244 Postal services Collection, transportation and delivery by post of letters, periodicals and other printed matter, parcels and packages; rental of P.O. boxes. 247 Telecommunication services Transmission of audio, video and other information by telephone, telex, telegraph, cable, broadcasting, satellite, electronic mail and facsimile services; servicing of telecommunications network. 248 Courier services Collection, transportation and delivery by courier of letters, periodicals and other printed matter, parcels and packages. 250 Construction services abroad Construction, reconstruction and running repairs of buildings and building-sites (including roads, railways, airfields and ports) in a foreign country, except design and engineering services; rental of machinery (with an operator) for constructing and tearing down buildings. 251 Construction services in Latvia 254 Life insurance premiums and pension funding 054 Life insurance and pension claims Construction, reconstruction and running repairs of buildings and building-sites (including roads, railways, airfields and ports) in Latvia, except design and engineering services; rental of machinery (with an operator) for constructing and tearing down buildings. Payments during a specified term or until a policyholder's death. Claims paid at a specified date or upon a policyholder's death. 3

4 Payment Group name and payment purpose Notes 255 Cargo insurance premiums Cargo insurance to cover damage or loss. 055 Cargo insurance claims Claims paid in case of cargo damage or loss. 256 Other types of insurance premiums 056 Other types of insurance claims Accident, fire, health, property, motor vehicle, financial loss and liability insurance. Claims paid under other types of direct insurance. 257 Reinsurance premiums Premium payments by the reinsured. 057 Reinsurance share in claims Claims paid to the reinsured. paid 258 Auxiliary services related to Services provided by insurance agents, risk underwriters and assessors. insurance 260 Financial services Financial intermediary services related to servicing of credit lines, letters of credit, financial leasing, financial assets management, etc.; commission fees related to financial services (e.g., brokerage, placements of securities issues, purchases/sales, financial derivatives). 263 Computer services Providing consultations on hardware and software issues; programming; data processing; repair of computers and other office equipment. 264 Information services Activities of news agencies; subscription to press publications; data dissemination and storage. 266 Royalties and licence fees Royalties for the use of patents, copyrights and trademarks; licence fees. 270 Trade mediation and other trade-related services Commission fees relating to external trade transactions and payable to commodity brokers, dealers and trade agents. 272 Operational leasing Leasing of vehicles (without a crew), railway carriages, containers and equipment without the right to purchase (risks and benefits incident to ownership are not transferred to the lessee). 275 Legal services Legal advice, representation and defence, drafting of legal documents, expenses associated with litigation, notary assistance, and enforcement of a judgement. 276 Accounting and auditing services, tax consulting 277 Consulting in business, management and public relations 278 Advertising, market research and public opinion polling Accounting and preparation of financial statements, auditing of financial statements; consultations on taxes and preparation of tax statements. Consulting and support with respect to business, strategy, planning, organisation and control, financial and production management, and company image boosting. Creation of advertisements; purchase/sale of advertising space and time in mass media; organising of fairs; market research. 279 Research and development Research of new products and processes, conducting of experiments. 280 Designing and engineering services 282 Waste processing and refinement 283 Agricultural, hunting and forestry services, and fishery services Designer services; land survey and cartography; product testing and certification; technical inspection services. Waste processing and elimination, remedying of polluted soil and other services related to environment protection. Preparation of soil, harvesting, livestock-breeding and other agricultural services; hunting; forestry services; services of fish nurseries and other fisheries, other fishery services. 285 Other business services Personal services; sewing services; printing services; photographic services; translation; placement of personnel, etc. 286 Services between a direct investor and a direct investment enterprise n.i.e. 1 Payments between a direct investor and a direct investment enterprise for settling current expenses. 1 See the definitions of a direct investor and a direct investment enterprise on page 16. 4

5 Payment Group name and payment purpose 288 Audio-visual and related services 289 Other entertainment, cultural and recreational services Notes Shooting of films, staging of theatre performances, production of musicals, sports, circus, radio and television programs, sound-recordings; rights to present these performances and recordings; remuneration to directors, actors and other performers. Activities of museums, libraries and archives; staging of cultural and sporting events; remuneration to teachers and lecturers. 291 Government services n.i.e. Consular and other services provided by embassies and consulates; goods purchased by embassies, consulates, armed forces (including forces participating in the United Nations' peacekeeping operations); organisation of official receptions; community, transportation and other official services. INCOME/EXPENSE 310 Compensation of employees Wages, salaries and other benefits received from and paid to non-residents. Dividends 332 Dividends received and paid on direct investment 340 Dividends received and paid on portfolio investment Interest Interest income/expense on reciprocal claims and liabilities of a direct investor and a direct investment enterprise 351 Interest income/expense on long-term debt securities issued by residents and 361 Interest income/expense on short-term debt securities issued by residents and 362 Interest income/expense on financial derivatives of residents and non-residents other than direct investors or direct 370 Interest income/expense on claims on and liabilities to Dividends received from and paid to non-residents on shares that represent a holding of 10 or more percent in capital. Dividends received from and paid to non-residents on shares that represent a holding of less than 10 percent in capital. Interest income/expense on loans (including financial leasing) granted to/ received from a direct investor or a direct investment enterprise; interest income/expense on debt securities issued by a direct investor or a direct investment enterprise. Reimbursement for forward rate agreements, as received from/paid to a direct investor or a direct investment enterprise. Income/expense on currency and interest rate swaps with a direct investor or a direct investment enterprise. Interest income/expense on debt securities with original maturity of over 1 year issued by residents and direct investors or direct. Interest income/expense on debt securities with original maturity of up to 1 year (inclusive) issued by residents and direct investors or direct. Reimbursement for forward rate agreements received from/paid to nonresidents other than. Income/expense on currency and interest rate swaps with non-residents other than. Interest income/expense on loans (including financial leasing) granted to/ received from investment enterprises and on deposits. 1 See the definitions of a direct investor and a direct investment enterprise on page 16. 5

6 Payment Group name and payment purpose Notes TRANSFERS 379 Current transfers Contributions to international organisations; taxes, penalties, social pensions and pensions paid by employers, gifts, inheritance, alimony, security deposits and other funds transfers that are effected without receiving any compensation in return and are not intended for investment. 400 Capital transfers Funds transfers that are effected without receiving any compensation in return and are intended for investment. DIRECT INVESTMENT Direct investment investment made by a resident of one economy (a direct investor) in an enterprise of another economy (a direct investment enterprise), where such investment is 10 or more percent of the capital of an enterprise (a non-resident). Abroad Direct investor a resident owning a holding of 10 or more percent in the capital of an enterprise (a nonresident). Direct investment enterprise an enterprise (a non-resident) where a resident holds 10 or more percent of capital. 515 Direct investment of a resident in the capital of an enterprise (a non-resident) 520 Investment of a direct investment enterprise in the capital of a direct investor 536 Loans to a direct investment enterprise 537 Financial leasing to a direct investment enterprise 538 Debt securities issued by a direct investment enterprise 539 Financial derivatives of a direct investment enterprise Investment as a result of which the status of an enterprise's (a non-resident's) direct investor is acquired. Increasing/decreasing of direct investment in a direct investment enterprise. Sale of a direct investor's shares, if they represent a direct investment enterprise's holding of less than 10 percent in the capital of the direct investor, and purchase of these shares. Loan principals granted to/repaid by a direct investment enterprise. Payments relating to financial leasing that are made to a direct investor. Purchase/sale/redemption of debt securities issued by a direct investment enterprise. options and other derivatives of a direct investment enterprise. 541 Loans to a direct investor Loan principals granted by/repaid to a direct investment enterprise. 542 Financial leasing to a direct investor 543 Debt securities issued by a direct investor 544 Financial derivatives of a direct investor Payments relating to financial leasing that are made to a direct investment enterprise. Sale/purchase/redemption of debt securities issued by a direct investor. options and other derivatives of a direct investor. In Latvia Direct investor a non-resident owning a holding of 10 or more percent in the capital of an enterprise (a resident). Direct investment enterprise an enterprise (a resident) where a non-resident holds 10 or more percent of capital. 570 Direct investment of a non-resident in the capital of an enterprise (a resident) 565 Investment of a direct investment enterprise in the capital of a direct investor Investment as a result of which the status of an enterprise's (a resident's) direct investor is acquired. Increasing/decreasing of direct investment in a direct investment enterprise. Purchase of a direct investor's shares, if they represent a direct investment enterprise's holding of less than 10 percent in the capital of the direct investor, and sale of these shares. 6

7 Payment Group name and payment purpose Notes 586 Loans to a direct investor Loan principals granted to/repaid by a direct investor. 587 Financial leasing to a direct investor 588 Debt securities issued by a direct investor 589 Financial derivatives of a direct investor 591 Loans to a direct investment enterprise 592 Financial leasing to a direct investment enterprise 593 Debt securities issued by a direct investment enterprise 594 Financial derivatives of a direct investment enterprise PORTFOLIO INVESTMENT 1 Assets 610 Portfolio investment of a resident in an enterprise (a non-resident) 621 Long-term debt securities issued by non-residents other than 631 Short-term debt securities issued by non-residents other than 641 Financial derivatives of Liabilities 661 Portfolio investment of a non-resident in an enterprise (a resident) 671 Long-term debt securities issued by residents other than 681 Short-term debt securities issued by residents other than 690 Financial derivatives of residents other than direct investors or direct investment enterprises Payments relating to financial leasing that are made to a direct investment enterprise. Purchase/sale/redemption of debt securities issued by a direct investor. options and other derivatives of a direct investor. Loan principals granted by/repaid to a direct investor. Payments relating to financial leasing that are made to a direct investor. Sale/purchase/redemption of debt securities issued by a direct investment enterprise. options and other derivatives of a direct investment enterprise. Purchase of an enterprise's (a non-resident's) shares, if they represent a resident's holding of less than 10 percent in the capital of the enterprise, and sale of these shares. Purchase/sale/redemption of debt securities with original maturity of over 1 year issued by investment Purchase/sale/redemption of debt securities with original maturity of up to 1 year (inclusive) issued by direct investors or direct. options and other derivatives of direct investors or direct. Sale of an enterprise's (a resident's) shares, if they represent a non-resident's holding of less than 10 percent in the capital of the enterprise, and purchase of these shares. Sale/purchase/redemption of debt securities with original maturity of over 1 year issued by residents other than investment Sale/purchase/redemption of debt securities with original maturity of up to 1 year (inclusive) issued by residents other than. options and other derivatives of residents other than direct investors or direct. 1 See the definitions of a direct investor and a direct investment enterprise on page 16. 7

8 Payment Group name and payment purpose OTHER INVESTMENT 1 Assets 727 Long-term loans to 728 Financial leasing to 729 Short-term loans to 734 Increase/decrease in a resident's foreign deposit Liabilities 777 Long-term loans of 778 Financial leasing of 779 Short-term loans of OTHER TRANSACTIONS 480 Transactions in non-produced non-financial assets of residents 481 Transactions in non-produced non-financial assets of non-residents 010 Transactions in residents' real estate (except land) 011 Transactions in non-residents' real estate (except land) Notes Principals of long-term loans (with maturity of over 1 year) granted to/ repaid by investment Payments relating to financial leasing that are made by non-residents other than. Principals of short-term loans (with maturity of up to 1 year [inclusive]) granted to/repaid by investment Increase in a resident's demand or time deposit in a foreign bank by means of transferring funds from an account in a local bank or by making a cash payment; and decrease in a resident's demand or time deposit in a foreign bank by means of transferring funds to an account in a local bank or by withdrawing cash. Principals of long-term loans (with maturity of over 1 year) granted by/ repaid to investment Payments relating to financial leasing that are made to non-residents other than. Principals of short-term loans (with maturity of up to 1 year [inclusive]) granted by/repaid to. Sale/purchase of residents' land; sale/purchase of patents, copyrights, trademarks. Purchase/sale of non-residents' land; purchase/sale of patents, copyrights, trademarks. Sale/purchase of real estate (except land) owned by residents and payments for operating leasing. Purchase/sale of real estate (except land) owned by non-residents and payments for operating leasing. 1 See the definitions of a direct investor and a direct investment enterprise on page 16. 8