Malaysia purpose of payment guide

For movable goods that change ownership, excluding financial leases.

If the goods transactions have been included in the monthly Inter company Account Report (IA Report) submitted to BNM, report as “17010” (Inter-company settlement for offsetting payables against receivables)

Food And live animals

Beverages and tobacco

Crude materials, inedible, except fuels

Mineral fuels, lubricants, and related materials

Animal and vegetable oils, fat and waxes

Chemicals and related products, not classified elsewhere

Manufactured goods

Machinery, non-customised packaged software and transport equipment

Power lines, pipelines and undersea communication cables

Miscellaneous manufactured articles

Commodities and transactions not classified elsewhere

Refunds relating to goods transactions

Non-monetary gold

Merchanting trade In Malaysia

Merchanting trade abroad

Manufacturing services

Covers charges for specific services including related to the primary product

Goods for processing (manufacturing services)

Repair and maintenance services

Repair and maintenance of aircraft, ships and other transport equipment

Freight on goods

Covers payment for transportation of goods, including the loading on board and unloading of goods from carriers if contracts between the owner of goods and carriers required the service.

Freight by air

Freight by sea

Freight by other modes of transportation

Passenger fare

Covers payment for international carriage of passengers and also other incidental expenses.

Passenger fare by air

Passenger fare by sea

Passenger fare by other modes of transportation

Airport and port services

Covers payment for services related to stevedoring and haulage, storage and warehousing charges, harbor dues and fees, anchorage and berthing facilities, tug boat service, pilotage, and towage and airport landing facilities.

Airport services

Port services

Other terminal facilities

Airport services

Personal travel

Covers purchases and sales of travelers’ checks, foreign currencies, bank drafts, and telegraphic transfers for goods and services acquired for use by travelers during their visits to host countries. This is only for expenses incurred overseas while traveling.

Goods and services purchase by travellers

Travel for pilgrimage and religious observances

Travel for medical treatment

Education-related

Business and official travel

Covers purchases and sales of travelers’ checks, foreign currencies, bank drafts, and telegraphic transfers for goods and services acquired for use by travelers during their visits to host countries. this is only for expenses incurred overseas while traveling.

Goods and services purchase through business and official travel

Goods and services purchase by short term workers and construction services

Construction and installation services in Malaysia

Construction and installation services abroad

Covers charges for premiums and settlement of claims for services relating to freight insurance/takaful, direct insurance/takaful (life and non-life), and reinsurance/retakaful

Premium paid/received on high risk insurance/takaful relating to fire, marine, aviation, etc.

Premiums paid/received on other general insurance/takaful

Premium paid/received on life insurance/takaful

Premiums paid/received on reinsurance/retakaful

Premium paid/received on insurance/takaful on goods

Claims settlements on high risk insurance/takaful relating to fire, marine, aviation, etc.

Claims settlements on other general insurance/takaful

Claims settlements on life insurance/takaful

Claims paid/received on reinsurance/retakaful

Claims paid/received on insurance/takaful on goods

Auxiliary insurance services

Explicitly-charged financial services

Explicit margins on buying and selling of financial instruments

Explicitly-charged asset management services

Financial intermediation service charges indirectly measured (fisim)

Charges associated with intellectual property rights

License fees to reproduce and distribute intellectual property

Telecommunication services

Computer services

Information services

Operational lease

Covers payments to/receipts from non-resident for operational leases and charters of ships and vessels, aircraft, and other transportation equipment such as railway cars, containers, rigs and etc. without crew.

Rentals/operating leasing of aircraft (without crews)

Rentals/operating leasing of ships and vessels (without crews)

Rentals/operating leasing of other transport equipment (without crews)

Rentals/operating leasing of dwellings, other buildings, and machinery

Sharing of administrative expenses

Research and development services

Technical, trade-related, and other business services

Architectural, engineering, and other technical services

Agricultural, mining, and on-site processing

Trade-related services

Waste treatment services

Other business services

Professional and management consulting services

Advertising, market research, and public opinion polling services

Legal services

Please note that the beneficiary of the legal services fees should be a legal firm. Cover charges for legal services (legal advice, judicial and statutory procedures, etc.). This fee should exclude property price (should be reported under purpose code 39110 or 39120) or court settlement (should be reported under purpose code 21230).

Kindly check and confirm:

1. Purpose code

2. Country code

3. Specify type of legal service

Accounting services

Management consulting services

Audio-visual and artistic related services

Health services

Education services

Heritage and recreational services

Other personal services

Other services transactions nie

Refunds relating to services transactions

Covers payment to/receipts from non-residents on account of government-related transactions not included elsewhere

Malaysian government offices abroad and foreign offices in Malaysia

International organisations

Trade missions

Commission & other charges relating to loan obligations of the Malaysian government

Bnm minting of coins and printing of notes

Direct investment income

Portfolio investment income

Investment income attributable to non-resident policyholders in insurance, pension schemes and standardised guarantees

Interest paid to/received from related non-resident company relating to loan obligations, including non-participating preference shares and financial leases

Interest paid to/received from non-related non-resident company relating to loan obligations, including non-participating preference shares and financial leases

Interest paid to/received from non-residents on deposit and Negotiable Instruments Of Deposits (Nids)

Interest paid to/received from non-residents on investment in bonds and notes

Interest paid to/received from non-residents on money market instruments

Interest paid to/received from non-residents on cash pooling arrangement

Wages and salaries in cash

Wages and salaries in kind/benefits attributable to employees

Employer's social contributions

Taxes on products and productions

Subsidies on products and productions

Rental on natural resources

Inter-company settlement for offsetting payables against receivables

Transfer by a company to/from its own current account overseas

Transfer by a resident (exclude bank) to/from current account overseas of another resident company

Government sector

(Covers Malaysian government's receipt from/payment to non-resident)

Grants, aid, donations, and unclaimed monies

Pension, gratuity

Taxes on income, wealth and other taxable assets (government sector)

Fines and penalties (government sector)

Social contributions and benefits (government sector)

Compensation and pledging

Private sector

Financial corporations, non-financial corporations, households, and npishs; education/training services in Indonesia

Grants and gifts

Workers' remittances

Legacies, compensations, and prizes

Taxes on income, wealth and other taxable assets (private sector)

Fines and penalties (private sector)

Net premiums on non-life insurance and standardised guarantees

Non-life insurance claims and calls under standardised guarantees

Government sector

(Covers Malaysian government's receipt from/payment to non-resident)

Other capital transfers (government sector)

Private sector

(Financial corporations, nonfinancial corporations, households and npishs)

Migrant transfer

Other capital transfers (private sector)

Acquisition/disposal of non produced, non-financial assets

Equity capital

Mergers and acquisitions

Equity investment other than mergers and acquisitions

Liquidation of investment

Head office accounts in branches

Capital expenditure in special enterprises/projects

Credit facilities (long term loans) Original tenure exceeds one year

Extension/receipt (drawdown) of long term loan to/from non resident

Repayment of principal to/by non-resident on long-term term loan

Prepayment of principal to/by non-resident on long-term term loan

Credit facilities (short term loans)

Extension/receipt (drawdown) of short term loan to/from non-resident

Repayment of principal to/by non-resident on short-term term loan

Prepayment of principal to/by non-resident on short-term term loan

Non-participating

Redeeemable/non-reedemable preference shares. Please confirm if recipient co is non-related company. If otherwise, report under direct investment.

Issuance

Redemption

Financial lease

The lessee is deemed to be owner of the asset being financed, and assumed the rights, risk, rewards and responsibilities of ownership.

Financial lease extension to/receipt from non-residents

Repayment of financial lease to/receipt from non-residents

Prepayment of financial lease to/receipt from non-residents

Revolving credit / overdraft facilities

Short-term facilities

Credit facilities extension

To/receipt from non-resident

Repayment of credit facilities to/by non-resident

Prepayment of credit facilities to/by non-resident

Other long term loan facilities

Original tenure exceeds one year

Extension to/receipt from non-resident

Repayment of other loans facilities to/by non-resident

Prepayment of other loans facilities to/by non-resident

Other short term loan facilities

Original tenure is one year or less

Extension to/receipt from non-resident

Repayment of other loans

Facilities to/by non-resident

Prepayment of other loans facilities to/by non-resident

Employee stock options

Long term cash pooling

Original tenure exceeds one year

Extension to/receipt of cash pooling from non-resident

Repayment of cash pooling to/by non-resident

Prepayment of cash pooling to/by non-resident

Short term cash pooling

Original tenure exceeds one year

Extension to/receipt of cash pooling from non-resident

Repayment of cash pooling to/by non-resident

Prepayment of cash pooling to/by non-resident

Purchase/sales of real estate in Malaysia

Purchase/sale of real estate in Malaysia (commercial)

Purchase/sale of real estate in Malaysia (residential)

Purchase/sales of real estate abroad

Purchase/sale of real estate abroad (commercial)

Purchase/sale of real estate abroad (residential)

Corporate stocks and shares

Purchase/sale of listed and unlisted equity sahres, unit trusts units, transferable subscription right (Tsr) and any rights issue or option in respect of such rights. also include participating preference shares.

Issued by residents in domestic capital market

Issued by residents in international markets

Issued by non-residents in international markets

Issued by non-residents in domestic capital market

Bonds and notes

Purchase/sale of private debt securities, bonds, debentures, notes and any similar debt instruments with original tenure of more than one year

Issued by residents in domestic capital market

Issued by residents in international markets

Issued by non-residents in international markets

Issued by non-residents in domestic capital market

Money market instruments

Purchase/sale of money market or negotiable instruments with original more than one month and up to one year. Includes treasury bills, commercial and finance papers, banker's acceptances and negotiable instruments of deposits.

Issued by residents in domestic capital market

Issued by residents in international markets

Issued by non-residents In international markets

Issued by non-residents In domestic capital market

Government securities

Debt securities issued by governments and government-related agencies with original tenure of more than one year.

Purchase/sale of Malaysian government securities

Purchase/sale of foreign government securities

Swaps

Forwards

Futures

Options

Other derivatives

Deposit

Placement/withdrawal of deposits of residents with/from financial institutions abroad

Placement/withdrawal of deposits of residents with/from offshore financial institutions in Labuan

Subscriptions/contributions to/reimbursement from international organizations

Own account transfer

Foreign currency transactions to own account Hheld within JP Morgan Malaysia