Welcome to the BNP Paribas online Currency Guide

Purpose codes for United Arab Emirates (AED) payments:

PIP

Profits on Islamic products

PMS

Professional and management consulting services

POR

Refunds/Reversals on IPO subscriptions

POS

POS Merchant Settlement

PPA

Purchase of real estate abroad from residents

PPL

Purchase of real estate in BAH from non-residents

PRP

PROFIT RATE SWAP PAYMENTS

PRR

Profits or rents on real estate

PRS

Personal, cultural, audiovisual and recreational services

PRW

PROFIT RATE UNWIND PAYMENTS

RDA

Reverse debt instruments abroad

RDL

Reverse debt instruments in BAH

RDS

Research and development services

REA

Reverse equity share abroad

REL

Reverse equity share in BAH

RFS

Repos on foreign securities

RLS

Repos on securities issued by residents

RNT

Rent Payments

SAA

Salary Advance

SAL

Salary (Compensation of employees)

SCO

Construction

SLA

Loans- Drawings or Repayments on loans extended to nonresidents - Short-term

SLL

Loans - Drawings or Repayments on foreign loans extended to residents - Short-term

STR

Travel

STS

Sea transport

SVI

STORED VALUE CARD CASH-IN

SVO

STORED VALUE CARD CASH-OUT

SVP

STORED VALUE CARD PAYMENTS

TCP

Trade credits and advances payable

TCR

Trade credits and advances receivable

TCS

Telecommunication services

TKT

Tickets

TOF

Transfer of funds between persons Normal and Juridical

TTS

Technical, trade-related and other business services

UFP

Unclaimed Funds Placement

UTL

Utility Bill Payments

PAYT/02112

Trade related Payment

PAYT/02113

Return of a Trade related Payment

PAYT/02114

Service related Payment

PAYT/02115

Return of a Service related Payment

PAYT/02116

Capital item related Payment

PAYT/02117

Return of a Capital item related Payment

Individual Payment

PAYT/02124

Return of an Individual Payment

PAYT/02125

Other recurrent item related payments*

PAYT/02127

Inter-bank cross-border funding transfer

PURPOSE OF TRANSACTION

CODE

A. GOODS TRANSACTION

1.

Export/Import

1.1.

Export Goods

Selling of goods outside Indonesia territory 

011

1.2.

Import goods

Purchase of goods to be inside to Indonesia territory

012

1.3.

Refund Export

Refund related to  export goods

802

1.4.

Refund Import

Refund related with import goods

803

1.5.

Advance Payment

Advance payment for export or import goods such as:

a.  Full payment

018

b. Partial payment

019

2.

Bunkers & Stores

Purchase / sale of goods for transport activities such as fuel, accommodation and supplies 

015

3.

Trading other goods

Trading goods inside Indonesia , between countries outside Indonesia, other than export-import and bunkers & stores    

3.1.

Trading goods in Indonesia territory

097

3.2.

Selling Goods outside Indonesia, where the goods are not derived from Indonesia/ purchasing goods are from outside

Indonesia and sold in outside

098

4.

Refund other goods

Refund on return other goods

804

PURPOSE OF TRANSACTION

CODE

B.

SERVICE TRANSACTION

1.

Goods processing service

Covers receipts / payments  of  goods processing service such as assembly, labeling, packaging ordered by other parties not includes maintenance service and repair

400

2.

Maintenance and repair services of goods

Covers receipts / payments of maintenance service and goods repair ordered by of other parties such as : machine,  boat or ship, aircraft. All maintenance and repair can be done by service providers or in other places. Not includes maintenance service or construction service and computer and or cleaning tools transportation

405

3.

Transportation services

3.1.

Passenger transportation

Covers receipts / payments  of passenger transportation inside or outside Indonesia territory or other territory outside Indonesia, include charge for excess luggage, food, etc during the passenger in transport, includes rent the transportation and the crew   

a.

Sea transportation

411

b.

Air transportation

412

c.

Others transportation

Rail way and high way

413

3.2.

Freight for export and import

Covers receipts / payments  for service provider of freight for export-import includes charges loading or unloading, rent the transportation with the crew

a.

Sea transportation

421

b.

Air transportation

422

c.

Others transportation

Rail way, pipe, electricity space transport, and high way

423

PURPOSE OF TRANSACTION

CODE

3.3.

Freight not relates to export - import

Covers receipts / payments of freight service provider not relates to export-import  but includes charges loading or unloading, rent the transportation with the crew

a.

Sea transportation

431

b.

Air transportation

432

c.

Others transportation

Rail way, pipe, electricity space transport, and high way

433

3.4.

Support transportation

Covers receipts / payments  for support transportation , Sea transport, Air transport or other activities in terminal  such as handling cargo,  warehousing, packaging, navigation guide, cleaning transportation, rescue, commission or fee for transportation agent

a.

Sea transportation

441

b.

Air transportation

442

c.

Others transportation

Rail way, pipe, electricity space transport, and high way

443

3.5.

Post and Courier

Covers receipts / payments  for Post  Office service (pickup and delivery mail, magazine, brochures ), or payment or expenses for delivery of goods by courier service includes express packaging or door to door delivery 

450

4.

Trip

4.1.

Business Trip

Covers receipts / payments for business trip ie : accommodation, meal and  local transport in destination country

Not includes  transportation from or to Indonesia / from or to overseas

461

4.2.

Personal Trip

Covers receipts / payments for all personal trip not includes business trip such as medical, education, holiday, religion trip includes accommodation, meal, medical and local transport in destination country. Not included: transportation from or to Indonesia / from or to overseas

462

PURPOSE OF TRANSACTION

CODE

5.

Medical

Covers receipts / payment for medical such as medical services, other health care , accommodation, meal and local transport in destination country. Not included: transportation from or to Indonesia / from or to overseas

a.

Medical Services  held in Indonesia

466

b.

Medical service held in outside Indonesia

467

6.

Education / Training

Covers receipts / payment for education/ training such as school, conference, workshop, course and etc, ie : course registration fee, tuition fee, accommodation, meal, medical fee and local transport in destination country during education/training. Not included:  transportation from or to Indonesia / from or to destination education / training in overseas

a. Education / training held in Indonesia

468

b. Education / training held in outside Indonesia

469

7.

Communication Service

Covers receipts / payments for telecommunication:

1. Transmission of voice, images, data, or other information by telephone, tele, radio, television, satellite, e-mail.

(2)     Mobile telecommunications services, Internet backbone services, and access to online services such as the provision of access to the internet. Not including installation services for networks, telecommunications equipment, and database services.

480

PURPOSE OF TRANSACTION

CODE

8.

Computer Services

Covers receipt / payment for the provision of services related to hardware and software and data processing services, aI, include:

(1) Sale of software as request by the buyer;

(2) Sales of mass-produced software (including software downloads);

(3) maintenance services and other support systems;

(4) The sale and purchase of the right of ownership of the system and application software;

(5) software and hardware consulting services;

(6) Services Installation of hardware and software;

(7) Maintenance and repair of computer and device support;

(8) Analysis, drafting, and programming the system. Excluding the cost of the license for software reproduction / distribution.

490

9.

Information services

Covers receipts / payments on i e .

(1) The provision of news agency services (news, photos, and articles) to the media;

(2) Services database (database conception, data storage, and dissemination of data and databases), both online and magnetic media, optical, and printing;

(3) web search portal;

(4) subscription services directly newspaper or periodical.

495

10.

Construction Services in Indonesia

Covers receipt / payment for work on the construction and installation projects in Indonesia (aI buildings, factories, roads, ports, telecommunications

network installation, including maintenance and repair) with duration of the project;

Excluding the repair work of the embassy building or similar owned by foreign governments and construction work financed from grants.

a.

Up to one year

501

b.

More than one year

502

PURPOSE OF TRANSACTION

       CODE

11

Construction services in Overseas

Covers receipt / payment for work on construction projects and installations outside of Indonesia (e.g. buildings, factories, roads, ports, telecommunications network installation, including maintenance and repair) the duration of the project;

a.

Up to one year

511

b.

More than one year

512

Excluding the repair work of the embassy building or similar owned by foreign governments and construction work financed from grants.  

12

Insurance and pension funds

Covers receipt / payment for the provision of various types of insurance and pension funds, including commissions for insurance agents, as well as supporting services that include

12.1.

Direct Insurance

a. Life insurance

1) Premium 

Gross value premiums paid by the policyholder account after deducted with the rebates 

521

2) Benefit

Value of benefits insurances received by the policyholder

522

   b. Freight insurance   

1) Premium

Gross value premiums paid by the policyholder account after deducted with the rebates 

523

2) Claim

Value of claim insurance received by policyholder

524

c. Other direct insurance

1) Premium

Gross value premiums paid by the policyholder account after deducted with the rebates 

525

2) Claim

Value of claim insurance received by policyholder

526

PURPOSE OF TRANSACTION

CODE

12.2

Reinsurance

1) Premium

Gross value premiums paid by the policyholder account after deducted with the rebates 

2) Claim

Value of claim insurance received by reinsurance policyholder

3) Commission

Value of commissions paid by reinsurers company for policyholders reinsurance

531

12.3

Insurance support services

Covers receipt / payment for the service provider related to insurance and pension fund activities, such as commission agent, brokerage services and insurance agents, insurance consultant  services and pension funds, service evaluation and assessment of losses, and actuarial services

541

12.4

Pension Fund

Covers receipt / payments on services provided by the pension fund which established to provide retirement income and benefits in the event of death or disability for a group of employees

1) Contributions

Gross value of the contribution paid by the company and / or employees of the company to the pension fund.

546

2) Benefit

Value of the benefits received by employees of the pension fund.

547

13.

Financial Service

Covering financial intermediary services and other support services related to financial institutions, such as:

(1) Service fees associated with letters of intermediation credits, banker's acceptances, the provision of credit facilities, leasing, and buying and selling foreign currencies;

(2) The Commission and other fees associated with transactions in securities, such as brokerage, placements of issues, underwriting, redemptions, and financial derivatives;

(3) The Commission for the commodity exchange traders;

(4) services related to asset management, investment advisory, operational and financial market regulation, underwriting, and custodian;

(5) Bank administrative costs and money transfer fees.

550

PURPOSE OF TRANSACTION

CODE

14.

Use of Intellectual Property Rights

Covering:

(1) the cost of using an exclusive proprietary rights, such as patents, trademarks, copyrights, process & industrial design, and franchise and all kinds of stuff;

(2) the cost of a license to reproduce and / or distribute the intellectual property contained in the original product or prototype (such as copyrights of books, computer software, and cinematography) and related rights (e.g. for recording live performances and television broadcasting, cable and satellite)

560

15.

Research and Development

Includes receipt / payment for the provision of services related to basic research, applied research and experimental development of new products and processes. These services are break down into:

(1) research and development services, whether provided based on order (Customized) and non-customized;

(2) Sale of ownership of property derived from the results of research and development (such as patents and copyrights);

(3) other covering a wide range of testing and development of products / other process

570

16.

Legal, accounting, management consulting, and public relations

Includes receipts / payments for the provision of legal services, accounting, management consulting, managerial, and public relations, such as financial auditors for company and general management services branches or subsidiaries provided by the parent company.

Excluding reimbursement of various services supplied by subsidiaries and the management fee.

580

17.

Advertising, market research and public opinion polling

Includes receipt / payment for the provision of advertising services; media placement, including the purchase and sale of advertising space; exhibition services in trade workshop; promotional products; market research; telemarketing, and the organization of polls

590

18.

Architecture, engineering, and other technical

Includes receipts / payments for the provision of services related to

(1) the architectural design;

(2) planning, design, engineering and project-related studies dams, ports, and the like, not including mining engineering projects;

(3) other scientific and technical services such as surveying, cartography, product testing and certification, and technical inspection services.

600

PURPOSE OF TRANSACTION

CODE

19.

Mining, agriculture, and waste management and pollution

Covers receipts / payments for the provision of services related to

(1) the mining and oil and gas extraction, such as drilling, derrick building, repair and dismantling, and gas well casing cementing;

(2) agriculture forestry, and fisheries such as the provision of agricultural machinery along with its crew, harvesting, pest control, and veterinary services;

(3) waste treatment and depollution as collection and disposal of garbage; remediation, sanitation, and other environmental protection services.

610

20.

Operational Leasing

Covers receipts / payments for leasing activities (leasing / rental and charter) goods and charter transportation unmanned such as cars, ships, aircraft, and rig. Excluding leasing capacity and telecommunication lines, lease of land and buildings.

a.

Goods

615

b.

Means of transport without crew

616

21.

Trade Service

Covering the commission in order to trade in goods and services, not including financial brokerage fees and commissions travel agents.

630

22.

Other Business Services

Covers  income / commission payments to merchants, commodity brokers, dealers, auctioneers, and commission agents in order to trade in goods and services. Excluding financial brokerage fees, franchise fees, and travel agent commission.

640

23.

Arts, Culture, and Recreation

Covers receipt / payment for the provision of services related to:

(1) audiovisual and related services, namely services and fee on the production of films, radio and television programs, and music recording. Here includes the rental of audiovisual products and fees received by actors, directors, and producers are engaging in music and theater performances, sporting activities or circus;

(2) personal, cultural and sports facilities such as the provision of health services and distance education (e.g. through correspondence or Internet) or directly at the place of service users as well as other services related to the activity in museums, libraries, archives, as well as sports activities, recreation and culture.   

a

Services of art, culture, and recreation in Indonesia

651

b

Services of art, culture, and recreation conducted outside Indonesia

652

PURPOSE OF TRANSACTION

CODE

Government Services

Covers i e. payment / receipt of the goods or services received / given to the embassy / consulate / foreign attaché / international institutions, payments / receipts related to visas, as well as the Indonesian government payments to Indonesian embassies abroad.

660

Other Transaction Service  

Covers payment/receipt transaction service other than those mentioned above

670

Settlement account balances (netting)

Covers settlement account balances between branches with the other branch offices / headquarters of a company or between a company with other companies:

14.1.  Related export

127

14.2.  Not related export

129

PURPOSE OF TRANSACTION

CODE

C.

 INCOME                                                   

1.

Interest, dividends, and similar  

1.1

Profit, profit sharing, margin and bonus

a. Marketable securities issued by non-residents (as promissory notes, commercial papers and bonds as well as inter-bank Mudaraba Investment Certificate - SIMA.   

1) Up to one year

701

2) More than one year

        702

b. Current accounts and savings, including savings and deposits mudharabah

705

c. Loans (including financial leasing, murabaha, Musharaka, greeting parallel, istisnaa parallel and Ijarah)

710

d. Securities issued by resident ; ie Promissory Notes, Commercial papers, Bonds and Mudharaba Investment Certificate -SIMA

1) Up to one year

716

2) More than one year

717

Gold swap 

720

1.2

Dividends and gains / profits distributed, including profits derived from mutual funds

725

2.

Transactions Fee of Securities Lending, gold loans and gold swaps

Covers fees received by:

a.

The owner of securities in order to securities lending

730

b.

The owner of gold in order transaction gold or gold loans, swaps

731

3.

Worker's remittances

Income of  Indonesian workers in abroad which transferred to Indonesia also income foreign workers in Indonesia which transferred abroad

150

4.

Labor Income

Include salaries, wages and other benefits paid to / received by workers, including social security payments, insurance, and pension fund by the employer for the benefit of workers.

163

5.

Land and Building Rental 

Covering a rental land services, office space, apartments, houses, and similar

a.

Land

741

b.

Office space, apartments, houses, and similar

742

c.

Land and office space, apartments, houses, and similar

743

PURPOSE OF TRANSACTION

6.

Grants and similar

Covers grants / donations / contributions (among others for the benefit of religious, scientific, cultural, and humanitarian), social security               schemes, scholarships, gifts, charity, and activities that are not compensated directly.       

a.

Grants or similar (in cash) are not associated with the obligation to purchase fixed assets. Including payments to international or supranational authority which is compulsory but does not provide in returned compensation

751

b.

Grants or similar (in cash) are associated with the obligation to purchase fixed assets.

752

7.

Sanctions / penalties, and similar

Covers fines / sanctions given by a court or other governmental agencies and the payment of compensation such for accidents that happen to a person or damage to property which are not covered by insurance

760

8.

Taxes and similar                                                                                                                                                                                                                 

This includes taxes, levies, refunds and similar                                                                                                                                                                    

a.

Taxes on products such as value added tax and taxes on production such as payroll tax, land ta and buildings, and business licenses.

765

b.

Taxes on income and welfare e.g. income tax in the form of wages and salaries, income and capital gains tax on the ownership of financial assets and the ta on financial transactions (such as taxes on publication),

766

c.

Others

Covers such as membership

767

9.

The right to use natural resources

Covers receipt / payment for the right to use natural resources on a temporary basis, among others, in order excavation of mineral deposits (royalty), permit fishing, hunting, forest utilization, (HPH), production fees, and similar activities.

770

PURPOSE OF TRANSACTION

CODE

D.

CAPITAL TRANSACTION/FINANCE  

1.

 Sale and purchase of non-financial assets

Covers selling / buying a franchise property rights, trademarks, and the results of research and development   

a.

Marketing assets such as franchises, trademarks, brand names, logos, and domain names.

193

b.

Contracts, leases, and licenses such as the sale / purchase of rights to the marketable operating lease, permit use of

natural resources (such as spectrum license), and the right to purchase goods or services exclusively.

194

2.

Sale and Purchasing of Lands and Buildings

Covers sale/purchase transaction

a.

Land

197

b.

Buildings

198

3.

Investment and Divestment  of Capital 

3.1.

Investment

a. In Indonesia

203

 b. Outside Indonesia

204

3.2.

Divestment of Capital

a. In Indonesia

206

b. Outside Indonesia

207

4.

Transactions of securities and mutual funds

Includes the sale / purchase of shares and other debt securities as well as covering the sale / purchase of mutual fund units, both conventional and

sharia-based. 

4.1.

Securities issued by non-residents: include stocks and other debt securities that are distinguished by a period

a. Stock

311

b. Other debt securities with maturities of more than one year:

 - Bonds

321

- Medium Term Notes

322

- Other long term securities

323

c. Other debt securities, with maturities of up to one year:

- Treasury Bills

331

- Promissory Notes (PNs)

332

- Other Short-Term Notes

333

PURPOSE OF TRANSACTION

CODE

4.2.

Securities issued by residents: include stocks and other debt securities that are distinguished by a period

    a. Equity securities:

     - Stock

341

     - Other equity securities, such as warrants and rights

342

b.  Other debt securities, with maturities of more than one year :

351

     - Indonesian government bonds such as bonds in the framework of national bank recapitalization and Indonesian Retail Bonds (ORI)

352

     - Companies Bonds

353

        - Medium Term Notes

354

     - Other long terms Debt securities

c. Other debt securities, with maturities of up to one year

    - Certificate of Bank Indonesia  (SBI) and Certificate of Bank Indonesia Wadiah (SWBI)

361

    - Letters of Treasurer State (SPN)

362

    - Promissory Notes

363

    - Negotiable Certificates of Deposits(NCD)

364

    - Bonds and other short-term

365

    - Deposit Certificate Bank Indonesia

366

4.3.

Mutual Funds

Covering investments in mutual funds, including unit trusts, and other institutions that collect public funds to be invested in a portfolio of securities.

371

4.4.

Exchange Traded Fund

372

PURPOSE OF TRANSACTION

CODE

5.

Securities transactions-Securities under Repurchase Agreement (Repo)

5.1. 

 Covering the sale of securities issued by residents whereby the seller promises to repurchase the same at the agreed time.

a. Repo sales of securities by the owners of securities with maturities:

1. Up to one year
2. More than one year

375

b. Resale of securities repo by the buyer of securities with maturities:

1. Up to one year
2. More than one year

       376

   c. Repurchase by the owner of securities that have been sold in a repo with a term:                                                                               

1) Up to one year

378

2)  More than one year

379

d. Purchase of securities sold in repo with a term:

380

1) Up to one year

381

2) More than one year

382

5.2. 

Covering the sale of securities issued by non-residents whereby the seller promises to repurchase the same securities at the agreed time.

  a. Sales of securities repo by the owners of securities in the period:                

1) Up to one year

821

2) More than one year

822

b. Resale of securities repo by the buyer of securities with maturities

1) Up to one year

823

2) More than one year

824

c. Repurchase by the owner of securities that have been sold in a repo with a term:

1) Up to one year

825

2) More than one year

826

  d. Purchase of securities sold in repo with a term:                                                                                                                                                   

1) Up to one year

827

2) More than one year

828

PURPOSE OF TRANSACTION

CODE

6.

Transaction Debt / Loans

Covers the provision / withdrawal and repayment of the loan based on the period, including financial leasing.

6.1.

Provision / Loan withdrawal with maturity

a. Up to one year

221

b. More than one year

222

6.2.

Loan repayment with term of:                                                                                                                                                                    

a. Up to one year

231

b. More than one year

232

6.3.

Financial Leasing: Covers leasing contract basis lease with option to purchase.

233

6.4.

Factoring: Includes the sale of receivables / finance bill with the debtor:

1. Bank in Indonesia, with a period:

a. Up to one year

383

b. More than one year

384

2. Company in Indonesia, with a period

a. Up to one year

385

b. More than one year

386

3. Bank in abroad, with a period

a. Up to one year

387

b. More than one year

388

4. Company in abroad, with period

a. Up to one year

389

b. More than one year

390

7.

Gold Swap

Includes income on gold swap transactions (gold exchange) where the giving of money (cash provider) promised to return the same to the owner gold (gold owner) with time has been agreed

7.1.

Cash transfer of funds by the provider in gold swap transactions with term agreement

a. Up to one year

391

b. More than one year

392

7.2.

Refunds by gold owner in gold swap transaction with term agreement

a. Up to one year

393

b. More than one year

394

7.3.

Receipt of funds by cash provider in gold swap transactions with term agreement

a. Up to one year

395

b. More than one year

396

PURPOSE OF TRANSACTION

CODE

7.4.

 Receipt of funds by gold owner in gold swap transactions with term agreement:                                                                                                  

a. Up to one year

397

b. More than one year

398

8.

 Working capital/Cash Call                                                                                                                                                                                                                   

 Covers receipt / payment of funds from the parent companies / investors which will be used among others to buy raw materials and pay wages

a.

Oil and Gas

808

b. 

Non-Oil and Gas

809

9.

 Advance payment        

 Covers advance payment                            

a. 

Non export Import Goods

811

b. 

Insurance

812

c.

Others

813

10.

 Receipt/ Refund (Based on IPO and Private Placement)

 Includes receipt or refund of securities in order to  Initial Public Offering (IPO) and the Private Placement.

814

11.

 Reimbursement on bailouts

 Covers the entire refund in lieu of the expenditure that has been done previously for certain activities.

815

12.

 Savings in Indonesia                                                                                                                                                                                                                            

 Covers placement / withdrawal of deposits in banks in Indonesia

12.1.

 Deposit Placements         

a. Up to 3 months:

240

• Term deposit

241

• Others, including current accounts and call money

242

b. More than 3 months up to 6 months

243

c. More than 6 months

12.2.

 Withdrawal Deposit       

a. Up to 3 months including Term Deposit account

244

•  Others, including current accounts and call money

245

b. More than 3 months up to 6 months

246

c. More than 6 months

247

 PURPOSE OF TRANSACTION

CODE

13.

Savings/Deposit in outside Indonesia  

Covers placement / withdrawal of deposits in banks abroad, including the withdrawal of export revenues from offshore accounts.   

13.1

Deposit (placement)

a. Up to 3 months, including current accounts and call money

251

b. More than 3 months  

252

13.2.

Withdrawal Deposit

a. Up to 3 months, including current accounts and call money

255

b. More than 3 months  

256

13.3.

The withdrawal of Export proceed from offshore accounts.

257

14.

Foreign Exchange Trading

Covers completion spot and forward transactions:  

14.1.

Spot Transaction

a. Foreign currency against IDR

261

b. Between foreign currency

262

14.2.

Forward Transaction

a. Foreign currency against IDR

263

b. Between foreign currency

264

15.

Derivative transactions  

Includes income in the settlement of derivative transactions. Does not include fees and commissions paid / received by an intermediary such as a bank, broker, or dealer.         

a.

Gain on forward transactions  (such as swaps and futures)

271

b.

Admission to forward rate agreements (FRA)

272

16.

Deposit/Refund guarantee

Includes deposits and refunds which used as collateral for the particular transaction purposes 

280

17.

Refunds for transactions other than export / import of goods and other goods transactions

Covers a refund of the transaction other than export / import transactions of goods and other items, such as return on reservations for the purchase of securities, the overpayment.

282

18.

Others capital transaction

All the capital transactions other than those mentioned above

299

Transactions in respect of trade in goods between residents and non-residents Goods

• All collections and payments in respect of exports and imports of goods (before and after actual exports and imports) under the general trade system applied by the Serbian Statistical Office, including:

a) zone of free circulation, internal processing facilities or industrial free zones,

b) customs warehousing facilities,

• Collections from and payments to carriers of goods sold in ports and airports, if customs declaration has been completed at the time of exports or imports,

• Penalties for untimely payment/collection of imports/exports of goods,

• Default interest, price differences, exchange rate differences, penalties in respect of exports and imports of goods,

• Collection of payment for exports and payment for imports of goods not subject to customs declaration: exports and imports of books, professional literature, standardised software packages, video and audio recordings on hard copy media with unrestricted usage rights etc.,

• Payment of (uninsured) damages during exports and imports of goods,

• Collection of payments and payments relating to goods for further processing,

• collection of payments and payments relating to goods for repairs.

Excludes:

• Intermediation fees, i.e. the difference in prices of purchased and sold goods in case of direct re-export and transport (included in 310 – Agent and broker fees),

• collection of payments and payments for further processing of goods (included in 315 – Further processing of goods),

• repair services (included in 314 – Repairs of goods),

• advance payments in respect of

Payment for goods purchased abroad that are not imported into the country, but directly delivered to another country or another customs territory pursuant to a contract

• Payment for goods purchased abroad and permanently located in another country or customs territory, but which are still in the ownership of a resident,

• Payment for purchased goods procured abroad and directly delivered abroad, and collection of payment in that respect.

Supplies of means of transport

• Collections and payments in respect of delivery of supplies to resident/non-resident means of transport (ships, airplanes, road vehicles, trains, etc.) such as fuel, food etc. on foreign/domestic terminals (ports, airports, railway stations, etc.), if no customs declaration was completed at the time of exports or imports, and regardless of whether payments or collections were performed before or after delivery of goods.

Further processing of goods

• Collections of payment for services of further processing of goods (e.g. oil refining, additional processing in textile and metal industry and other industries) owned by a non-resident,

• Payments for services of further processing of goods (e.g. oil refining, additional processing in textile and metal industry and other industries) owned by a resident.

Excludes:

• value of goods for further processing (included in 112 – Goods).

Repairs of goods

• Collections or payments in respect of services of repair and servicing of goods.

Excludes:

• Repairs performed by construction and installation companies (included in 317 – Construction works abroad),

• repairs of computer equipment (included in 302 – Computer services),

• maintenance of devices and equipment at airports and in ports (included in 248 – Air transport – other and 208 – Maritime transport – other),

• value of goods being repaired and installed (included in 112).

Maritime transport

• Passenger transport

• Transport of goods

• Other

202

201

208

Air transport

• Passenger transport

• Transport of goods

• Other

248

241

242

Road transport

• Passenger transport

• Transport of goods

• Other

258

251

252

Railway transport

• Passenger transport

• Transport of goods

• Other

222

221

228

River transport

• Passenger transport

• Transport of goods

• Other

232

231

238

Passenger transport:

• Transport of non-residents in international transport by domestic means of transport,

• Transport of residents by foreign means of transport,

• transport of passengers in the country using foreign means of transport, including all other costs incurred in passenger transport (value added tax, surcharge costs, transport of disability aids, food and beverage on means of transport etc.).

Excludes:

• transport of non-residents by domestic means of transport within the country (included in 702 –Tourism services).

Cargo transport:

• Transport of cargo, and services of loading and unloading of means of transport, if the contract between the owner of goods and the carrier stipulates that such services shall be provided by the carrier.

Other:

• All types of services at ports, airports and other terminal lines (cargo, loading, unloading, storing, warehousing, packing, maintenance and cleaning of transport equipment, vehicle tow and rescue services and agent commissions and fees for provided services of transport of goods and passengers),

• All services paid through correspondent current accounts.

Excludes:

• services of lease of vehicles and crew (included in 218 – Lease of vehicles and crew for a specified period of time),

• carriers’ exploitation costs (included in 219 – Other transport related services),

• other warehousing of goods (included in 319 - Warehousing),

• insurance of goods (included in 259 - Insurance - premiums),

• goods procured by non-resident carriers in ports, landing places and airports which are treated as goods and not as services (included in 147 - Supplies of means of transport),

• repairs of railway, port and airport facilities (included in 317 - Construction works abroad),

• courier services (included in 249 – Postal and courier services).

Services of transport of oil, gas and electricity

• Costs of pipeline transport of oil and gas and electricity transport.

Excludes:

• value of delivered oil, gas and electricity (included in 112 –Goods).

Forwarding services

• All forwarding services.

Lease of vehicles with crew to non-residents for a specific period of time

Excludes:

• lease of vehicles without crew (included in 490 - Lease of means of transport without crew);

• financial leasing services (included in 575 or 175 – Financial leasing).

Other transport-related services include:

• exploitation costs,

• road tolls,

• transit taxes,

• overflight fees, etc.

Postal and courier services

• Postal services, including takeover, transport and delivery of letters, newspapers, magazines, brochures and other printed material, letter box rentals, and services relating to undelivered mail, delivery of consignments, courier services, etc.,

• Services paid through current account.

International postal money order

• Offsetting of debts and receivables with foreign post offices in respect of transfers of funds under international postal money orders.

Purchase/sale of foreign cash – non-residents

• Purchase/sale of foreign cash from/to non-residents.

Excludes:

• purchase/sale of foreign cash from/to residents (included in 796 or 700 – Purchase/sale of foreign cash from/to resident natural persons).

Purchase/sale of cheques – non-residents

• Purchase/sale of cheques from/to non-residents.

Excludes:

• purchase/sale of cheques from/to residents (included in 795 – Purchase/sale of cheques from/ to resident natural persons).

Sale/purchase of domestic currency abroad

• Sale of dinar cash abroad and its repurchase.

Tourism services

Payments in favour of resident or non-resident legal entities and natural persons providing tourism services:

• Travel agency services,

• Accommodation services – hotels and other accommodation facilities,

• Restaurant services,

• Organization of excursions,

• Transport services provided by resident carriers to non-residents in the country,

• Tourist entertainment services, etc.

Other – tourism services

• Other: sale of goods and other services to tourists, hunting and fishing licenses.

Tourism services – health services

• Costs and fees of treatment in hospitals, medical institutions and rehabilitation centres,

• Costs of medical treatment, etc.

Tourism services – education

• Total education costs (scholarships and school fees),

• Costs of specialization,

• Other educational costs.

Payment cards

Payments for settlement of the current account balance: settlement of the payment card account balance.

Includes:

• payments in respect of payment cards for goods and services purchased/used by a resident during foreign travel,

• collection of payment in respect of payment cards for goods and services purchased/used by non-residents during travel in the Republic of Serbia (hereinafter: the Republic).

Investment works

(construction works, construction and installation)

Construction works abroad

Construction works performed by a resident abroad in the duration of up to one year, including:

• preparation of the construction site,

• building or road construction works,

• construction and installation services,

• resident’s purchase of equipment and goods abroad necessary for work on projects,

• lease of construction or demolition equipment and staff,

• construction repairs.

Excludes:

• construction works performed by branches of a resident or non-resident company abroad or in the country (included in 635 – Transactions between a resident parent legal entity and its branch abroad/in the country),

• preparation of site for mining, extraction of oil and gas (included – in 306 – Agriculture, mining and in-field processing services),

• payout of profit from construction works performed (included in 420 – Profit from construction works abroad).

Construction works abroad

• Advance payments in respect of investment works: advance payments or under statements of works and cost estimates (referring to companies required to run separate bookkeeping records for the business unit or that pay taxes in the same country in which they perform the investment activity),

• payments abroad in respect of performance of investment works.

Excludes:

• payment of profit from performed investment (construction) works (included in 420 – Profit from construction works abroad).

Construction works abroad – for costs paid in dinars

• collections in respect of investment (construction) works abroad for costs paid in the country in dinars (except for goods).

Construction works performed in the country

• Foreign collections in respect of investment (construction) works performed by non-residents in the country in the duration of up to one year,

• All payments, including advance payments, in respect of investment (construction) works performed by non-residents in the country in the duration of up to one year

Insurance – premiums

• Collections and payments of insurance premiums and transfers in respect of life insurance paid by non-resident policyholders to resident insurance companies;

• Collections and payments with a foreign insurance company in respect of the following types of insurance

  (a) insurance of investment works abroad performed by domestic companies and of the equipment for the performance of such works if so stipulated by the contract on the performance of such            works or in the regulations of the country in which the works are performed;

  (b) insurance of foreign credits, for the purpose of insurance of repayment of such credits, if this is stipulated in the contract at the request of the lender;

  (c) insurance of ships under construction or repair, if this is explicitly stipulated in the contract with a foreign buyer or ordering party;

  (d) insurance of overseas ships against shippers’ liability for damage to third parties and their property;

   (e) insurance of goods exported from or imported into the Republic, if transport of such goods is not performed at the risk of a domestic legal entity or natural person;

   (f) insurance with a foreign property insurance company of domestic companies owned by domestic entities or in joint ownership of domestic and foreign entities, founded for the purposes of              doing business abroad, and insurance of employees of such companies – if this is required by the regulations of the foreign country or if it is explicitly stipulated in the deed of incorporation of        such companies

   (g) insurances that the applicant for a license of a competent authority in the Republic for clinical testing of medications and medical supplies or for release into trade of medical supplies of                  foreign producers can contract, in conformity with the law on medications and medical supplies, with foreign insurance companies against damages that may occur as a consequence of                    application of such medications or medical supplies, if the insurance contract acknowledges the jurisdiction of domestic courts and other bodies to decide on damage claims;

  (h) insurance of foreign persons in the Republic whose property can be insured with a foreign insurance company, unless mandatory insurance in the Republic has been prescribed for such                     property and such persons.)

Excludes:

• transactions in respect of mutual refund of damages between a resident and a non-resident insurance company (included in 260 or in 261 – transfers in respect of insurance);

• claims of residents in respect of non-resident’s policy (included in 260 or 261 – transfers in respect of insurance);

• claims of non-residents in respect of resident’s policy (included in 260 or 261 – transfers in respect of insurance);

• damage indemnity arising from commercial relations (included in 892 – Taxes and contributions – state or in 893 – Taxes and contributions – other sectors).

Payment of contributions to voluntary pension funds in the Republic

• Payments and collections effected by non-residents in respect of pension contributions to voluntary pension funds in the Republic.

Financial services, excluding insurance and voluntary pension funds

All financial intermediation services and other services provided by residents to non-residents and by non-residents to residents, which include:

a) Fees and charges relating to financial transactions, and in particular to:

     • receipt of deposits,

     • documentary credits, guarantees, etc.,

     • financial leasing,

     • factoring,

     • transactions of purchase of debts and claims in respect of foreign trade transactions of residents,

     • credit transactions,

     • payment of damages between resident and non-resident insurance companies,

     • clearing payments,

     • foreign exchange transactions;

   b) Services:

       • financial counselling,

       • financial assets management,

        • relating to payment card operations, 

        • assessment of credit rating;

    c) other services.

Fees on transactions with securities and financial asset management charges

Fees and charges relating to:

• transactions with securities,

• transactions with financial derivatives,

• dealer and broker services,

• collections and payments relating mostly to charges for financial asset management: common funds, holding companies, trusts (including fees of general managers, custodians, banks, accountants, lawyers, and other), etc.

Excludes:

• payment of interest on investment in bonds and bills of exchange (included in 430 – Payment of interest on investment in debt securities) and investment in money market instruments (included in 431 – Payment of interest on investment in money market instruments).

Industrial property rights (patents and trademarks)

Fees and other charges for the use of:

• patents and registered trademarks (words, symbols, design or a combination thereof),

• copyrights, • right to industrial processes and design, etc.,

• product registration licence, • other rights.

Excludes:

• purchase and sale of patents and licenses (included in 770 – Purchase and sale of patents, licenses and other intangible property).

Supplies of means of transport

• Collections and payments in respect of delivery of supplies to resident/non-resident means of transport (ships, airplanes, road vehicles, trains, etc.) such as fuel, food etc. on foreign/domestic terminals (ports, airports, railway stations, etc.), if no customs declaration was completed at the time of exports or imports, and regardless of whether payments or collections were performed before or after delivery of goods.

Franchise

• Fees and other charges for the use of franchise.

Fees for licences to use products protected by copyright:

Fees and other charges for the use of:

•   licences for distribution and/or reproduction of originals or prototypes, and rights relating to these products (printing of books, production of computer programmes, audio recordings, etc., fees for live performances of works of art and their television, cable or satellite broadcasting).

Telecommunications services

• Transmission of sound,

• Transmission of information by telephone or telex,

• Telegrams,

• Cable or satellite transmission,

• Use of SWIFT,

• Satellite viewing subscription,

• Lease of telecommunications capacities (satellites, etc.),

• e-mail, etc.

Computer services

• Services relating to hardware, software, databases, etc. between residents and non-residents.

Includes:

• Sale/purchase, development, production, delivery and documenting of special non-standardized computer programmes (including operating systems made on order),

• sale/purchase of standardized computer programmes that are not obtained through hard copy media, that is which have been downloaded from the Internet,

• procurement of standardized computed programmes with restricted duration of usage rights through hard copy media (floppy disk or CD),

• activities related to databases,

• production of computer programmes,

• computer consultancy services,

• repairs of computer equipment, etc.

Excludes:

• Computer training costs (included in 816 – Education and science related services); • fees for copyright (included in 301 – Industrial property

Information services

Services relating to media, subscriptions, etc. between residents and non-residents.

Includes:

• fees for newspaper companies’ services,

• fees paid to freelance journalists or photographers,

• purchase and sale of exclusive information,

• other information services.

Research and development

• Fundamental and applied research,

• Laboratory and other services,

• Projects and documents,

• Archaeological research,

• Participation fees for technical and scientific conventions,

• Refund of costs of organizing professional seminars, etc.

Includes:

• refund of costs.

Legal and accounting services

• Legal counselling and representation (legal counsel services),

• Court expert services,

• Accounting consultancy,

• Audit, • Tax consulting,

• etc.

Includes:

• refund of costs.

Business consulting

• Consulting services related to business project management and organization,

• Management of company, market, human resources and production,

• Entrepreneurial and business consulting,

• Public relations,

• Participation fees for business conventions,

• Refund of costs of organizing business conventions, etc.

Includes:

• refund of costs

Advertising and market research

• Advertising agency services,

• Media advertising,

• Public opinion polls,

• Costs of organizing fair exhibitions,

• Presentation of products abroad,

• Market research, etc.

Architectural, engineering and other technical services

• Architectural and construction design services,

• Supervision of design implementation,

• Geodetic services,

• Services of technical control of products,

• Purchase of tender and bidding documentation, etc

Control of quality and quantity of goods

• Technical testing of goods,

• Analyses and issuance of certificates, etc.

Agriculture, mining and in-field processing services

• Agricultural services (harvest, crop processing, breeding and vaccination of animals and services related to hunting, fishing and forestry),

• Mining services (production of oil and gas, mining engineering and geological measurements),

• Waste processing services,

• Decontamination and sanitation services, etc.

Warehousing

Excludes:

• warehousing at railway stations, airports and ports (included in Transport – other).

Operational leasing of equipment Includes all types of operational lease of equipment:

• purchase/sale of the right to use cross-border capacity on interconnection links of licensed electricity operators.

Excludes:

• financial leasing – rental (included in 575/175 – Financial leasing);

• lease of telecommunications capacities (satellites, etc.) (included in 245 – Telecommunications services).

Lease of means of transport without crew

• Ships, • Airplanes,

• Motor vehicles, including rent-a-car services,

• Railway container cars, platforms, etc.,

• Other vehicles. Excludes:

• sale of motor vehicles through leasing (included in 575/175 – Financial leasing).

Agent and broker fees

Fee for services performed by residents and non-residents in trade in goods and services:

• fees to agents, brokers and intermediaries,

• merchant fees,

• purchase/sale of monthly tertiary reserve of electricity

• mercantile broker fees, • dealer and commission agent fees,

• expert appraisal services related to trade, etc.

Excludes:

• fee for the use of patents (included in 301 – Patents and trademarks);

• fee for licenses (included 412 – Fees for licenses);

• broker fees (included in 403 – Fees on transactions with securities);

• insurance brokerage (included in 259 – Insurance – premium).

Other services

• Storing and search services,

• Photographic services,

• Cleaning services,

• Packing of goods,

• Utility services,

• Processing of tender documentation,

• Services of translating and publishing technical and scientific papers (royalties),

• Other services.

Audio-visual services

• Fees for the provision of services relating to the production of films, radio and television programmes and musical production,

• Rights of distribution of audio-visual products (film and television programmes),

• Television right of broadcasting sporting, concert and similar events, etc.

Other business services – health services

• Compensation of fees for doctors and other medical staff.

Includes:

• refund of costs

Services relating to education and science

• Payment of costs of training (courses, Internet, television),

• Compensation of fees for teachers.

Includes:

• refund of costs.

Cultural services

• Museum, library, theatre and orchestral services,

• Fees for membership in cultural organizations,

• Organizing fashion shows,

• Services provided by cultural centres of embassies,

• Compensation of fees for actors, producers, artists, musicians and journalists,

• Other cultural services.

Includes:

• refund of costs.

• Participation fees for international sporting events, • Membership fees for international sports organizations, 

• International transfers of professional sportspeople, • Fees for sportspeople, etc.

 Includes: 

• refund of costs.

Government goods and services

Revenue and expenditure for goods and services for the staff in national embassies, consular offices, military organizations and other Government offices abroad, and for staff family members.

Includes:

• office supplies, vehicles, utilities, rental of facilities, maintenance, personal expenditure, etc.,

• official entertainment,

• licences issued by the Government,

• joint military arrangements and peacekeeping forces (such as those of the United Nations),

• regulatory services – maintenance of order,

• recovery of unspent funds previously transferred to the accounts of diplomatic-consular offices of the Republic abroad,

• fees for paid or charged services provided by the Government that cannot be included in other service categories (e.g. issuance of specific confirmations and certificates, etc.).

Excludes:

• employee wages and compensations (included in 600 – Wages and other compensations).

Wages and other compensations:

• To permanently or temporarily employed residents and non-residents in national embassies, state institutions and other representative offices abroad,

• To permanently or temporarily employed residents in foreign diplomatic and other representative offices and international organizations in the Republic,

• To permanently or temporarily employed residents and non-residents by non-residents abroad and by residents in the Republic for the period of up to one year,

• To border and seasonal workers.

Income – direct investments

• Profit paid out in respect of share in capital, in the case of direct investment.

Lease of land, real estate and business facilities

• Payments in respect of lease of land, real estate and business facilities between residents and non-residents,

• Collection of rent, etc. by a resident on account of capital invested in real estate abroad,

• Payment of rent, etc. to a non-resident on account of capital invested in real estate in the country.

Includes:

• payments in respect of the right to use forests, hunting grounds, waters, mines, etc. when the non-resident/resident does not establish a legal entity for performing these activities in the country/abroad.

Income – portfolio investments 

• Profit paid out in respect of under 10% stake in equity capital.

Income – portfolio investments

• Profit paid out in respect of under 10% stake in equity capital.

Interest on long-term credits or loans between a resident and a non-resident

Includes:

• interest on long-term foreign exchange commercial, financial and commodity credits or loans between residents and non-residents,

• interest on subordinated foreign exchange credits or loans between residents and non-residents,

• interest on long-term dinar credits or loans granted to residents by international financial organizations and development banks or financial institutions set up by foreign governments,

• interest on long-term dinar credits granted by banks to non-residents.

Interest on short-term credits or loans between a resident and a non-resident

Includes:

• interest on short-term foreign exchange commercial, commodity and financial credits and loans, and on banking credit lines between a bank and a foreign bank,

• interest on short-term dinar credits or loans granted to residents by international financial organizations and development banks or financial institutions set up by foreign governments,

• interest on short-term dinar credits approved by banks to Non-Residents.

Interest on short-term time bank deposits in foreign exchange

• Payment and collection of interest on short-term time bank deposits in foreign exchange between a bank and a foreign bank, with term of repayment and/or collection of up to twelve months.

Aid and grants – public sector

• Aid and grants to the public sector or public sector aid (subject to approval of competent authority).

Aid and grants – other sectors

• Payments between residents and non-residents in the form of cash grants, aid, inheritance, alimony, etc.,

• Sponsorship of sporting and cultural events, etc.,

• Regular collection of membership fees of religious, humanitarian, scientific and cultural organizations,

• Collection of money earned from games of chance.

Foreign donations for international participants in projects

• Receipt of funds under foreign donations the coordinator of which is from the Republic, and transfer of donation funds received to partners from other countries subject to contract of donation.

Current public transfers

• Regular transfers of state institutions to international organizations, and vice versa,

• Membership fees and other transfers to international organizations,

• Compensation for foreign technical assistance,

• Membership fees and other transfers in respect of international police cooperation.

Taxes and contributions – state

Collections and payments in respect of taxes, fees, court deposits, bails, penalties, taxes and awards, collections and payments in respect of court decisions and rulings, and collections and payments arising from deals between residents and non-residents, etc.

Includes:

• return of excess amounts paid in above respects

Taxes and contributions - other sectors

Collections and payments in respect of taxes, fees, court deposits, bails, penalties, taxes and awards, collections and payments in respect of court decisions and rulings, and collections and payments arising from deals between residents and non-residents, etc.

Includes:

• return of excess amounts paid in above respects.

Foreign exchange remittances by natural persons

• Foreign exchange remittances by natural persons from abroad to the credit of foreign exchange accounts of resident natural persons in the Republic,

• Foreign payments from foreign exchange accounts of resident natural persons,

• Payments (moderate remittances) made by non-resident (resident) natural persons residing in the Republic or abroad for over one year to residents (non-residents), most frequently as payments among family members, etc.

Workers’ foreign exchange remittances

• workers’ foreign exchange remittances from abroad to the benefit of legal entities – organizations for social insurance in respect of pension insurance of workers and health insurance of their families,

• payments to the credit of foreign exchange accounts of the above workers.

Annuities, pensions, disability benefits and other social benefits – state

• Payment of social insurance contributions by non-residents to the benefit of social funds in the Republic and payout from such funds for pensions and social benefits to non-residents by social funds in the Republic.

Annuities, pensions, disability benefits and other social benefits – other sectors

• Payment of social insurance contributions to the benefit of foreign funds or countries and payout of pensions and other social benefits from such funds

Transfers in respect of insurance

• Collections in which both the foreign insurance company policyholder and the beneficiary are residents,

• Payments in which both the domestic insurance company policyholder and the beneficiary are non-residents.

Includes:

• transactions in respect of reciprocal funding of damages between a resident and a non-resident insurance company,

• claims in respect of insurance policy.

Excludes:

• fees relating to transactions on interim accounts for the payout of damages between a resident and a non-resident insurance company (included in 400 – Financial services, except insurance).

Transfers in respect of insurance

• Collections in which the foreign insurance company policyholder is a non-resident and the beneficiary is a resident,

• Payments in which the domestic insurance company policyholder is a resident and the beneficiary is a non-resident.

Includes:

• transactions in respect of reciprocal refund of damages between a resident and a non-resident insurance company;

• claims in respect of insurance policy.

Excludes:

• fees relating to transactions on interim accounts for the payout of damages between a resident and a non-resident insurance company (included in 400 – Financial services, except insurance).

Capital transfers – public sector

• Public sector transfers to non-residents and non-resident transfers to the public sector (money transfers that increase fixed capital in the country: e.g. cash subsidies for investment projects and inter-governmental damage indemnity paid at government level, concessions for natural resources, forests, springs, etc.).

Excludes:

• concessions for infrastructure, etc. (included in 557/157 – Direct investments – investment by non-residents in the Republic).

Purchase and sale of patents, licenses and other intangible assets

Includes:

• payment of compensation for concessions, Internet domains, goodwill, etc.

Financial account

Direct investment

Direct investments – investment by non-residents in the Republic

Transactions resulting from purchase and sale of shares or ownership stake in the share capital of a resident legal entity and other transactions aiming to increase non-resident’s stake in an existing resident legal entity:

• payment of founding stake (founding of legal entity, branch, etc.),

• capital increase,

• payment for the purpose of covering losses,

• concessions for infrastructure, etc.

Includes:

• individual payments of under 10% stake in equity capital if such payments are made in order to increase the already existing direct stake or result in acquiring controlling rights

Sale of ownership stake in another domestic company

• Collection of payment by a resident legal entity from a non-resident for the sold ownership stake in another resident legal entity,

• Payment to the benefit of a non-resident for a sold ownership stake in another resident legal entity

Payment of foreign capital by the founder that does not increase equity capital

Includes:

• supplementary payment of founder’s funds that does not increase equity capital or the return of such supplementary payment to the founder.

Joint venture – Non-Residents’ transactions under joint business ventures in the Republic

• Payment and return of funds in respect of a joint venture – contract subject to which two or more entities join their property and/or work to exercise a previously agreed business undertaking, which is terminated after the undertaking is exercised, with contracting parties sharing the profits and/or sustaining losses in proportion to their participation or agreement.

Transactions between parent legal entity, non-resident and its branch in the country

Excludes:

• founding of companies (included in 57/157 – Direct investments

• investment by non-residents in the Republic).

Sale and purchase of real estate in the Republic

Includes:

• «timeshare“ agreements with rental period of over 90 years.

Direct investments – investment by residents abroad

• Participation of domestic capital in a foreign bank and legal entity, all investments in shares of foreign legal entities and banks or reductions of share in capital.

Includes:

• individual payments of under 10% stake in equity capital if such payments are made in order to increase the already existing direct stake or result in acquiring controlling rights.

Joint venture – residents’ transactions under joint business ventures abroad

• Payment and return of funds in respect of a јoint venture – contract subject to which two or more entities join their property and/or work to exercise a previously agreed business undertaking, which is terminated after such undertaking is exercised, with contracting parties sharing the profits or sustaining losses in proportion to their participation or agreement.

Sale and purchase of real estate abroad

Includes:

• “timeshare” agreements with rental period of over 90 years

Portfolio investments by residents

Transactions resulting from portfolio investments (do not exceed 10% of ownership).

Excludes:

• individual payments of under 10% stake in equity capital if such payments are made in order to increase the already existing direct stake or result in acquiring controlling rights (included in 579/179 – Direct investments – investments by residents abroad).

Portfolio investments by non-residents

• Transactions resulting from portfolio investments (do not exceed 10% of ownership).

Includes:

• sale of foreign currency denominated domestic securities issued by residents abroad. Excludes: • individual payments of under 10% stake in equity capital if such payments are made in order to increase the already existing direct stake or result in acquiring controlling rights (included in 557/157 – Direct investments – investments by non-residents in the Republic).

Sale and purchase of long-term debt securities issued by non-residents

Includes:

• investments by residents in long-term debt securities issued by EU member states, OECD member states, international financial organizations and development banks or financial institutions set up by foreign governments

Payment received from a non-resident for net settlement in respect of an option issued by nonresidents, but not for the actual purchase/sale of the underlying instrument, as well as from the sale of an option during the option validity term and/or payment of premium to a non-resident for the purchase of an option issued by non-residents.

Includes:

• and outflow in respect of warrants.

Premium payment received from a non-resident in respect of sale of an option issued by domestic issuers or payment to a non-resident for net settlement in respect of the sold option of the domestic issuer, but not in respect of actual sale of the underlying instrument.

Includes:

• and outflow in respect of warrants.

Inflow or outflow in respect of net settlement of forward instruments issued by non-residents (forward, future, swap, etc.).

Includes:

• currency forward and interest rate forward;

• foreign exchange swap and interest rate swap;

• cross currency interest rate swap;

• for futures – outflow in respect of payment of the initial margin and the variation margin, or inflow in respect of withdrawal of funds in excess of the initial margin.

Inflow or outflow from net settlement of forward instruments issued by residents (forward, future, swap, etc.).

Includes:

• for futures – inflow and outflow in respect of payment of the initial margin and the variation margin.

Long-term credits or loans from abroad

• Disbursement of long-term foreign credits or loans (with repayment period over one year) and repayment of the corresponding principal.

Includes:

• disbursement of long-term financial and subordinated foreign exchange credits or loans and the repayment of the corresponding principal,

• disbursement of long-term credits or loans in dinars granted to residents by international financial organizations and development banks or financial institutions set up by foreign governments, and the repayment of the corresponding principal,

• repayment of principal on long-term commercial and commodity credits in foreign exchange.

Short-term credits or loans from abroad

• Disbursement of short-term foreign credits or loans (with repayment period of up to one year) and repayment of the corresponding principal. Includes:

• disbursement of short-term foreign exchange financial credits or loans and the repayment of the corresponding principal,

• disbursement of short-term dinar credits or loans granted by international financial organizations and development banks or financial institutions set up by foreign governments, and the repayment of the corresponding principal,

• repayment of principal on short-term foreign exchange commercial and commodity credits or loans,

• repayment of principal on sh

Bank short-term time foreign exchange deposits

• Disbursement of bank short-term time foreign exchange deposits with repayment or collection period of up to twelve months between a bank and a foreign bank, with the creditor bank making a payment to the credit of the debtor bank’s account, and the repayment or collection of the corresponding principal.

Includes:

• taking up deposits by a bank and repayment of corresponding principal,

• granting deposits to a foreign bank and collection of corresponding principal.

Long-term credits or loans to abroad

• Disbursement of long-term credits or loans granted to non-residents (with collection period of over one year), and collection of the corresponding principal.

Includes:

• disbursement of long-term financial and subordinated foreign exchange credits or loans and the collection of the corresponding principal,

• disbursement of long-term dinar credits granted by a bank to a non-resident by crediting the payment card account of such non-resident and the collection of the corresponding principal,

• collection of principal on long-term dinar credits granted by a bank to a non-resident,

• collection of principal on long-term foreign exchange commercial and commodity credits or loans.

Short-term credits or loans to abroad

• Disbursement of short-term credits or loans granted to non-residents (with collection period of up to one year), and collection of the corresponding principal.

Includes:

• disbursement of short-term foreign exchange financial credits or loans and collection of corresponding principal,

• disbursement of short-term dinar credits granted by a bank to a non-resident by crediting such non-resident’s account and collection of corresponding principal,

• collection of principal on short-term dinar credits granted by a bank to a non-resident,

• collection of principal on short-term commercial and commodity credits or loans in foreign exchange, • collection of principal on short-term bank credit lines in foreign exchange approved by a bank to a foreign bank.

Syndicated foreign exchange credits or loans taken by a resident from abroad via agent bank in the Republic

• Payment of a foreign creditor’s share for participation in a syndicated foreign exchange financial or commodity credit or loan approved to a resident by a group of foreign creditors via an agent bank in the Republic, and the return of such funds,

• Purchase of claims from a non-resident – participant in a syndicated foreign exchange credit or loan which a group of foreign creditors approves to a resident via an agent bank in the Republic and sale of such claim to a non-resident if buyer or seller is a bank.

Syndicated foreign exchange credits or loans taken by a resident from abroad via agent bank abroad

• Payment of resident banks’ share for participation in a syndicated foreign exchange financial or commodity credit or loan approved to a resident by a group of foreign creditors via an agent bank abroad, and the return of such funds,

• Purchase of claims from a non-resident – participant in a syndicated foreign exchange financial or commodity credit or loan which a group of foreign creditors approves to a resident via an agent bank abroad and the sale of such claims to a non-resident if the buyer or the seller is a bank.

Syndicated foreign exchange credits or loans approved to a non-resident via an agent bank in the Republic

• Payment of foreign creditor’s share for participation in a syndicated foreign exchange financial or commodity credit or loan approved to a non-resident by a group of foreign creditors via an agent bank in the Republic, and the return of such funds,

• Purchase of claims from non-residents – participants in a syndicated foreign exchange financial or commodity credit or loan approved to a non-resident by a group of foreign creditors via an agent bank in the Republic and the sale of such claims to a non-resident if the buyer or the seller is a bank.

Syndicated foreign exchange credits or loans approved to a non-resident via an agent bank abroad

• Payment of resident banks’ share for participation in syndicated foreign exchange financial or commodity credits or loans approved to a non-resident by a group of foreign creditors via an agent bank abroad, and the return of such funds,

• Purchase of claims from non-residents – participants in a syndicated foreign exchange financial or commodity credit or loan approved to a non-resident by a group of foreign creditors via an agent bank abroad and the sale of such claims to a non-resident if the buyer or the seller is a bank.

Guarantees in respect of credit agreed between two non-residents abroad

• Collection and payment in respect of an activated guarantee of an authorized bank issued to back a credit agreed between two non-residents abroad.

Warranty in respect of credit agreed between two non-residents abroad

• Collection and payment in respect of an activated warranty of a resident legal entity issued to back a credit agreed between two non-residents abroad.

Financial leasing

• Provision or repayment in respect of financial leasing (lease equal to the economic life of goods, with the possibility to buy goods after the lease expires).

Excludes:

• payment for use of equipment, vehicles and other means of transport under operational leasing (included in 490 – Lease of means of transport without crew).

Foreign cash and cheques – non-residents

• Depositing of foreign cash, dinars and cheques to current accounts and deposits of non-residents,

• Foreign cash and dinars withdrawn and cheques issued from current accounts and deposits of non-residents.

Time-deposits of non-residents

• Increase and/or decrease in time deposits of non-residents (foreign banks and other nonresidents).

Deposits of foreign banks

• Increase and/or decrease in deposits on accounts of foreign banks and other financial organizations denominated in foreign currency and in dinars (accounts 5007 and 4007).

Deposits of other foreign entities, including natural persons

• Increase and/or decrease in deposits on accounts of foreign entities in foreign currency and dinars (accounts 5007 and 4007).

Short-term deposits of domestic banks

• Decrease and/or increase in short-term deposits with foreign banks.

Payments from dinar accounts of non-residents in the country

• payment of costs in the country from account 4007 for utility services, cleaning and retail

Excludes:

• payments from non-resident accounts for goods and services in the country which are considered to constitute a foreign trade transaction, etc.purchases, etc.

Received cover for cheques

• Received cover for cheques and/or cheques submitted for redemption abroad and use of cover for loro cheques.

Received cover for withdrawn foreign cash

• Received cover for foreign cash withdrawals from savings passbooks of non-residents with domestic banks and/or foreign cash withdrawals from savings passbooks of foreign banks.

Reduction and/or increase in domestic capital in international financial organizations (deposits in international financial organizations)

Excludes:

• membership fees in international financial organizations (included in 803 – Current public transfers).