Bahrain purpose of payment guide


Sending a wire to Bahrain requires you to provide certain information, including the recipient's bank details, and the purpose of payment code. The purpose of payment code is an eight-digit code that indicates the reason for the transaction, such as trade in goods or services, investment, or personal remittance.

When choosing a purpose of payment code, make sure that it is accurate and appropriate for the transaction. Incorrect or inappropriate codes could result in delays or even rejection.

Purpose of payment code

Purpose codes are used to indicate the nature of the transaction being conducted and should be included in the payment details when initiating a wire transfer to or from Bahrain. The purpose code should be selected based on the nature of the transaction and should be consistent with the supporting documentation, such as invoices or contracts.

Code

Description

Goods, services, income, transfers receipts & payments

Import/export

GDE

Goods sold (Exports in fob value)

GDI

Goods bought (Imports in cif value)

Transport & travel

STS

Sea transport

ATS

Air transport

OTS

Other methods of transport (including postal and courier services)

STR

Travel

Services with abroad

GMS

Processing repair and maintenance services on goods

SCO

Construction

INS

Insurance services

FIS

Financial services

IPC

Charges for the use of intellectual property royalties

TCS

Telecommunications services

ITS

Computer services

IFS

Information services

RDS

Research and development services

PMS

Professional and management consulting services

TTS

Technical, trade-related and other business services

PRS

Personal, cultural, audiovisual, and recreational services

Interest & profits with abroad

IGD

Dividends intragroup

IID

Interest on debt intragroup

PIP

Profits on Islamic products

PRR

Profits or rents on real estate

DOE

Dividends on equity not Intragroup

ISH

Income on investment funds shares

ISL

Interest on securities more than a year

ISS

Interest on securities less than a year

IOL

Income on loans

IOD

Income on deposits

Government

GOS

Government goods and services embassies etc.

GRI

Government related income taxes, tariffs, capital transfers, etc.

Personal

CHC

Charitable contributions (charity and aid)

FAM

Family support (workers’ remittances)

SAL

Salary (compensation of employees)

PPA

Purchase of real estate abroad from residents

PPL

Purchase of real estate in Bahrain from non-residents

Assets

FDI flows- Acquisition and liquidation by residents of equity & securities abroad (above 10% share)

CEA

Equity and Investment fund shares for the establishment of new company from residents abroad, equity of merger or acquisition of companies abroad from residents and participation to capital increase of related companies abroad

DSF

Debt instruments Intragroup foreign securities

REL

Reverse equity share in Bahrain

RDL

Reverse debt instruments in Bahrain

Portfolio investment flows - Acquisition and liquidation by residents of equity & securities abroad (below 10% share)

FSA

Equity other than investment fund shares in not related companies abroad

FIA

Investment fund shares foreign

DSA

Purchases and sales of foreign debt securities in not related companies-Less than a year

DLA

Purchases and sales of foreign debt securities in not related companies-More than a year

FDA

Financial derivatives foreign

Lending-repayments and transfers by residents of loans & deposits abroad

DLF

Debt Instruments Intragroup loans, deposits foreign (above 10% share)

AFA

Receipts or payments from personal residents bank account or deposits abroad

SLA

Loans- drawings or repayments on loans extended to nonresidents- short-term

LLA

Loans- drawings or repayments on loans extended to nonresidents- long-term

LEA

Leasing abroad

RFS

Repos on foreign securities

TCR

Trade credits and advances receivable

Liabilities

FDI flows- Acquisition and liquidation by residents of equity and securities in Bahrain (above 10% share)

CEL

Equity and investment fund shares for the establishment of new company in Bahrain from non-residents, equity of merger or acquisition of companies in Bahrain from non-residents and participation to capital increase of related companies from non residents in Bahrain

LDS

Debt instruments intragroup securities in Bahrain

REA

Reverse equity share abroad

RDA

Reverse debt instruments abroad

Portfolio investment flows Acquisition and liquidation by residents of equity & securities in Bahrain (below 10% share)

FSL

Equity other than investment fund shares in not related companies in Bahrain

FIL

Investment fund shares in Bahrain

DSL

Purchases and sales of securities issued by residents in not related companies-less than a year

DLL

Purchases and sales of securities issued by residents in not related companies-more than a year

FDL

Financial derivatives in Bahrain

Lending-repayments and transfers by non-residents of loans & deposits in Bahrain

LDL

Debt instruments Intragroup loans, deposits in Bahrain (above 10% share)

AFL

Receipts or payments from personal nonresidents bank account in Bahrain

SLL

Loans- drawings or repayments on foreign loans extended to residents- short-term

LLL

Loans- drawings or repayments on foreign loans extended to residents- long-term

LEL

Leasing in Bahrain

RLS

Repos on securities issued by residents

TCP

Trade credits and advances payable

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