Japan purpose of payment guide


The purpose of payment code is a code that indicates the reason for a wire transaction, such as trade in goods or services, investment, or other services.

It’s important to ensure that the purpose of payment code is accurate and appropriate for the transaction. Incorrect or inappropriate codes can result in delays or even rejection of the transfer.

Code

Description

0

Trade of goods, intermediary trade

1000

Travel cost

2000

Freight expenses

3000

Insurance

4000

Other services:

Process or repair cost, correspondence expenses, construction cost, software development fees, information expenses, intellectual property fees, operational lease cost, advertising cost, legal or accounting fees, research development, culture or educational services, entertainment, office management cost, government services, etc.

4900

Netting

Offset of the account from the creditor's debt and loan

5000

Compensation, earnings, compensation paid/received by residents, earnings by branches, dividend, interest, other earnings, etc.

6000

Donation, tax, contributions, living expense, immigration, inheritance, devise etc.

7000

Non-financial asset, sale/purchase of industrial property rights/copyright

8000

Foreign investment, foreign investment in subsidiaries/affiliates, securities investment, other investment

9000

Inward investment, inward investment in subsidiaries/affiliates, securities investment, other investment

9900

Derivatives

1111

Others

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