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 |