Russia purpose of payment guide
The purpose of payment code is a seven-character code that indicates the reason for the wire transfer, such as trade in goods or services, investment, or personal remittance.
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 |
---|---|
Group 02- FX transactions | |
VO02010 | Purchase of RUB currency by non-resident |
VO02020 | Selling of RUB currency by non-resident |
Group 10- Settlements for goods, exported from the customs territory of Russia, including aircraft, watercraft, and cosmic objects being subject of foreign trade activities | |
VO10100 | Settlements of non-resident in favor of resident by means of advance payment for goods exported from the territory of the Russian Federation including contracts of commission/agency, in cases different from those indicated in Codes Group 22 |
VO10200 | Settlements of non-resident in favor of resident by means of deferred payment granted by resident to non-resident for goods exported from the territory of the Russian Federation including contracts of commission/agency in cases different from those indicated in Codes Group 22 |
Group 11- Settlements for goods, imported to the territory of the Russian Federation, including aircraft, watercraft, and cosmic objects being subject of foreign trade activities | |
VO11900 | Settlements of non-resident in favor of resident related to return of excess amounts received from the import of goods to the customs of the Russian Federation in cases different from those indicated in Code 23900 |
Group 12- Settlements between residents and non residents for sale of goods not imported to the territory of the Russian Federation | |
VO12900 | Settlements of non-resident in favor of resident related to return of excess amounts received from the sale of goods outside the territory of the Russian Federation in cases different from those indicated in Code 23900 |
VO12050 | Settlements of non-resident in favor of resident for sale of goods outside the territory of the Russian Federation and not imported to the territory of the Russian Federation in cases different from those Indicated in Codes 22110, 22210, and 22300 |
Group 13- Settlements between residents and non residents for goods sold on the territory of the Russian Federation | |
VO13010 | Settlements of non-resident in favor of resident for goods sold on the territory of the Russian Federation in cases different from those indicated in Codes 22110, 22210, 22300 |
VO13900 | Settlements of non-resident in favor of resident related to return of excess amounts received from the sale of goods on the territory of the Russian Federation in cases different from those indicated in Code 23900 |
Group 20- Settlements between residents and non residents for foreign trade contracts for executing by residents works, rendering services, information and intellectual property, including exclusive rights on the above, also for lease property agreements except financial lease | |
VO20100 | Settlements of non-resident in favor of resident by means of advance payment for executing by resident works, rendering services, information and intellectual property, including exclusive rights, including completion of contractual obligations of commission/agency agreements except for settlements indicated in the Code 20400, in the Code Group 22 and settlements related to the remuneration payment in favor of resident-broker under agreement on brokerage services (Code Group 58) |
VO20200 | Settlements of non-resident in favor of resident by means of deferred payment for executed by resident works, rendered services, information and intellectual property, including exclusive rights, including completion of contractual obligations of commission/agency agreements except for settlements indicated in the Code 20400, in the Code Group 22 and settlements related to the remuneration payment in favor of resident-broker under brokerage services agreement (Code Group 58) |
VO20300 | Settlements of non-resident in favor of resident under lease property agreements except financial lease agreements |
VO20400 | Settlements of non-resident being principal agent in favor of resident being commission agent in connection with purchase of goods, works, services, information and intellectual property, including exclusive rights for non-resident from third parties under commission/agency agreements except settlements indicated in the Code Group 58 |
Group 21- Settlements between residents and non residents under foreign trade contracts for executing by non-residents works, rendering services, information and intellectual property, including exclusive rights on the above, also for lease property agreements except financial lease | |
VO21500 | Settlements of non-resident being commission agent (agent, guarantor) in favor of resident being principal (grantor) in connection with provided by non-resident services on sale to third parties executed by resident works, services, information and intellectual property, including exclusive rights in accordance with the contracts of commission/agency except for settlements indicated in the Code Group 58 |
VO21900 | Settlements of non-resident in favor of resident related to return of excess amounts received for executing by non-resident works, rendering services, information and intellectual property, including exclusive rights including completion of contractual obligations of commission/agency agreements except for settlements indicated in the Code Groups 23 and 58 |
Group 22- Settlements between residents and non residents related to goods delivered by residents, executing, by residents works, rendering services, information and intellectual property, including exclusive rights on the above under the mixed type contracts | |
VO22100 | Settlements of non-resident being commission agent (agent, guarantor) in favor of resident being principal (grantor) by means of advance payment for goods exported from the territory of the Russian Federation, executing works, rendering services, information and intellectual property, including exclusive rights except for settlements indicated in the Code 22110 of this List and settlements related to the remuneration payment in favor of resident-broker under brokerage services agreement (Code Group 58) |
VO22110 | Settlements of non-resident in favor of resident by means of advance payment for goods to be delivered, executing works, rendering services, information and intellectual property, including exclusive rights under agreements indicated in subpoint 5.1.2 of point 5.1 of the Instruction of the Central Bank of Russian Federation no. 138-I dd. 04.06.2012: Contracts providing the sale (purchase) and/or rendering services related to the sale (purchase) on the territory of the Russian Federation (outside the Russian Federation) of fuels and lubricants (bunker fuel), provisions, material and technical supplies and other goods (except for the spare parts and equipment) required to support operation and maintenance of transport vehicles regardless of their type and function during the route or stops |
VO22200 | Settlements of non-resident being commission agent (agent, guarantor) in favor of resident being principal (grantor) by means of deferred payment for goods exported from the territory of the Russian Federation, executed works, rendered services, information and intellectual property, including exclusive rights except for settlements indicated in the code 22110 of this List and settlements related to the remuneration payment in favor of resident-broker under brokerage services agreement (Code Group 58) |
VO22210 | Settlements of non-resident in favor of resident by means of deferred payment for delivered goods, executed works, rendered services, information and intellectual property, including exclusive rights under agreements indicated in subpoint 5.1.2 of point 5.1 of the Instruction of the Central Bank of Russian Federation no. 138-I dd. 04.06.2012: Contracts providing the sale (purchase) and/or rendering services related to the sale (purchase) on the territory of the Russian Federation (outside the Russian Federation) of fuels and lubricants (bunker fuel), provisions, material and technical supplies and other goods (except for the spare parts and equipment) required to support operation and maintenance of transport vehicles regardless of their type and function during the route or stops |
VO22300 | Settlements of non-resident in favor of resident under the agreement of finance lease |
Group 23- Settlements between residents and non residents related to goods delivered by non-residents, executing by nonresidents works, rendering services, information and intellectual property, including exclusive rights on the above under the mixed type contracts | |
VO23900 | Settlements of non-resident in favor of resident related to return of excess amounts received under the mixed type contracts |
Group 30- Settlements between residents and non residents for transactions with acquisition of real estate, excluding payments for aircraft, watercraft and space objects | |
VO30010 | Settlements of non-resident in favor of resident for sale of real estate by resident to non-resident outside the territory of the Russian Federation, including those connected with participating interest of non-resident in the construction performed by resident outside the territory of the Russian Federation |
VO30030 | Settlements of non-resident in favor of resident for sale of real estate by resident to non-resident on the territory of the Russian Federation, including those connected with participating interest of nonresident in the construction performed by resident on the territory of the Russian Federation |
VO30900 | Settlements of non-resident in favor of resident related to return of excess amounts received under transactions with real estate including those connected with participating interest in the real estate construction |
Group 32- Settlements between residents and non residents in accordance with the contracts of cession, assignment of debt concluded between residents and non residents | |
VO32010 | Settlements of non-resident in favor of resident for cession of right by resident to non-resident in accordance with cession contract |
VO32020 | Settlements of non-resident in favor of resident for assignment of debt from non-resident to resident in accordance with debt assignment contract |
Group 35- Settlements between residents and non residents for other transactions related to foreign trade and not directly indicated in Code Groups 10-23 | |
VO35030 | Settlements of non-resident in favor of resident for other transactions related to foreign trade and not directly indicated in Code Groups 10-23 |
Group 40- Settlements related to loans granted by residents (except for authorized banks) to nonresidents under loan agreements | |
VO40900 | Settlements of non-resident in favor of resident related to return of excess amounts received with the loan granted by resident to non resident under the loan agreement |
Group 41- Settlements related to loans granted by nonresidents to residents (except for authorized banks) under loan agreements | |
VO41030 | Settlements of non-resident in favor of resident for granting loans under loan agreement |
Group 42- Settlements related to fulfillment of obligations by residents (except for authorized banks) under the loan agreements | |
VO42900 | Settlements of non-resident in favor of resident related to return of excess amounts received from the repayment by resident of principal amount under the loan agreement |
VO42950 | Settlements of non-resident in favor of resident related to return of excess amounts received from the repayment by resident of interest amount under the loan agreement |
Group 43- Settlements related to fulfillment of obligations by nonresidents under the loan agreements | |
VO43015 | Settlements of non-resident in favor of resident for repayment of the principal amount under the loan agreement |
VO43035 | Settlements of non-resident in favor of resident for repayment of the interest amount under the loan agreement |
VO43050 | Other settlements of non-resident in favor of resident related to payment of premium (commissions, fees) and other amounts under the borrowed loan facility |
Group 50- Settlements related to capital investments | |
VO50200 | Settlements of non-resident in favor of resident for transactions with shares, investments in the capital of the legal entity including the ordinary partnership |
VO50210 | Settlements of non-resident in favor of resident for dividend payments (income) from capital investments |
VO50900 | Settlements of non-resident in favor of resident related to return of excess amounts received from capital investments transactions |
Group 51- Settlements related to purchase of securities (rights evidenced by securities) by non-residents from residents except for settlements indicated in the Code Group 58 | |
VO51210 | Settlements of non-resident in favor of resident for purchase of bonds, stocks and other securities issued by residents |
VO51215 | Settlements of non-resident in favor of resident for purchase of bonds, stocks and other securities issued by non-residents |
VO51230 | Settlements of non-resident in favor of resident for purchase of shares in investment funds founded by resident |
VO51235 | Settlements of non-resident in favor of resident for purchase of shares in investment funds founded by non-resident |
VO51250 | Settlements of non-resident is favor of resident for purchase of promissory notes and other nonissue securities of resident |
VO51255 | Settlements of non-resident is favor of resident for purchase of promissory notes and other nonissue securities of non-resident |
Group 52- Settlements related to purchase of securities (rights evidenced by securities) by residents from nonresidents except for settlements indicated in the Code Group 58 | |
VO52900 | Settlements of non-resident in favor of resident related to return of excess amounts received from transactions with securities (rights evidenced by securities) and amounts for default obligations |
Group 55- Settlements related to fulfillment by residents and nonresidents obligations under securities | |
VO55310 | Settlements of non-resident in favor of resident related to fulfillment by non-resident obligations under bonds and other securities |
VO55330 | Settlements of non-resident in favor of resident for payment of income received from investment funds shares |
VO55350 | Settlements of non-resident in favor of resident related to fulfillment by non-resident obligations under promissory notes and other non issue securities |
VO55900 | Settlements of non-resident in favor of resident related to the return of excess amounts received from fulfillment of obligations under transactions with securities and payments for default obligations |
Group 56- Settlements between residents and non residents for transactions with derivatives and other forward and futures transactions | |
VO56010 | Settlements of non-resident in favor of resident for transactions with derivatives, forward and futures transactions (options, margin and guarantee fees and other cash funds transferred in accordance with the terms of the contracts, except for settlements related to delivery of underlying asset) |
VO56900 | Settlements of non-resident in favor of resident related to return of transferred excess amounts and amounts from default obligations indicated in this Code Group |
Group 57- Settlements under the asset management agreements | |
VO57020 | Settlements of non-resident being trust constitutor in favor of resident – trust manager in RUB or foreign currency |
VO57035 | Settlements of non-resident being trust manager in favor of resident – trust constitutor |
VO57900 | Settlements of non-resident in favor of resident related to return of transferred excess amounts under the asset management agreements |
Group 58- Settlements under agreements on brokerage services in cases different from those indicated in the Code Groups 51-55 | |
VO58015 | Settlements of non-resident – broker in favor of resident under agreements on brokerage services except settlements under Code 58900 |
VO58020 | Settlements of non-resident in favor of broker - resident under agreements on brokerage services including remuneration payments to broker - resident |
VO58900 | Settlements of non-resident in favor of resident related to return of funds transferred under agreement on brokerage services |
Group 60- Nonresidents’ accounts transfers | |
VO60076 | Transfer from RUB banking/deposit account of non-resident opened in non-resident bank to another RUB banking account of the same non-resident opened in Russian bank |
VO60081 | Transfer from RUB banking account of non-resident to RUB banking/deposit account of another nonresident opened in another Russian bank |
VO60086 | Transfer from RUB banking/deposit account of non-resident opened in non-resident bank to RUB banking account of another non resident opened in Russian bank |
VO60200 | Debiting of RUB banking account of non-resident opened in Russian bank using bank card |
Group 70- Non commercial transactions | |
VO70010 | Payment of taxes and duties and other dues by non-residents to residents in cases different from those indicate in the Code 70120 |
VO70030 | Payment of alimony, pensions, inheritance, benefits, grants, gifts and donation by non-residents to residents in cases different from those indicate in the Code 70120 |
VO70050 | Payment of salaries, author and other remuneration under civil agreements by non-residents to residents in cases different from those indicate in the Code 70120 |
VO70090 | Settlements connected with non-repayable financial aid from non resident to resident in cases different from those indicated in the Code 70100 |
VO70100 | Settlements connected with charitable assistance, fundraising, grants payments and other payments on nonrepayable basis from non-resident to resident |
VO70110 | Settlements of non-resident in favor of resident related to the payment of insurance indemnity under insurance/reinsurance agreement |
VO70120 | Settlements of non-resident in favor of resident related to the execution of the court decisions |
VO70200 | Other non-commercial settlements of non-resident in favor of resident in cases different from those indicated in the Codes 70010, 70030, 70050, 70090, 70100, 70110, 70120 |
VO70900 | Settlements of non-resident in favor of resident related to return of excess amounts received from non-commercial transactions |
Group 99- Other settlements on transactions not directly specified in the Groups 01 – 80 | |
VO99010 | Return to resident of erroneously debited (credited) amounts |
VO99090 | Settlements on transactions not directly specified in the Groups 01 – 08 in cases different from these specified in Codes 99010, 99020 |