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Please read these general terms and conditions relating to the use of this website carefully.

BY ACCESSING, VISITING OR USING THIS WEBSITE, YOU, PERSONALLY AND/OR ON BEHALF OF THE LEGAL ENTITY OF WHICH YOU ARE A REPRESENTATIVE, AN AGENT OR AN EMPLOYEE WHEN ACTING IN SUCH CAPACITY, AGREE TO BE BOUND BY THE FOLLOWING GENERAL TERMS AND CONDITIONS, WHICH YOU EXPRESSLY ACCEPT. THESE GENERAL TERMS AND CONDITIONS ARE SUBJECT TO CHANGE. IF YOU DO NOT AGREE WITH THESE GENERAL TERMS AND CONDITIONS, PLEASE DO NOT ACCESS, VISIT OR MAKE ANY USE OF THIS WEBSITE OR OF THE INFORMATION INCLUDED THEREIN.

1. Definition and general access conditions

The term "Website" means this website as published by BNP Paribas Fortis SA/NV (see point 2. Editor, for more information), hereinafter the "Bank", and/or its related companies or companies in the group to which the bank belongs, as well as all information and materials contained on the Website.

Certain sections or pages of the Website contain separate and/or additional terms and conditions, which supplement these General Terms and Conditions. In the event of a contradiction, the separate and/or supplementary terms and conditions shall prevail over these General Terms and Conditions for those sections or pages of the Website to which they relate.

This Website also contains links to other websites published by third parties. The links to this Website may also be considered as forming part of the websites of these third parties. The Bank has not reviewed these sites and declines any liability for all information and material posted on any of the sites accessible based on the links on this Website. The establishment of a link to a third-party website or authorisation for a third-party website to include a link to this Website does not in any way indicate that the Bank endorses or recommends any products or services offered on that third-party website. Nor does the Bank issue any implied or explicit assessment as to the accuracy and/or reliability of the information to be found, directly or indirectly, on third-party websites or as to the reliability and/or integrity of third parties.
The contents of the Website may be subject to modification. Not all products and services are available in every geographic region. Your ability to access any product or service may be subject to approval by the Bank, its related companies concerned, or companies of the group to which the Bank belongs. Unless otherwise expressly provided, the information on this Website does not in any way constitute an offer or solicitation to conduct investments in any jurisdiction whatsoever. Persons accessing, visiting or using this Website must satisfy themselves that the legal restrictions in effect in their own country duly allow them to access this information; otherwise, they should refrain from accessing, visiting and/or using the Website accordingly.

2. Editor

The editor of this Website is:
BNP Paribas Fortis SA/NV
Montagne du Parc/Warandeberg 3
B-1000 Brussels - Belgium
VAT BE 0403.199.702 - RPM/RPR Brussels

BNP Paribas Fortis SA-NV is a credit institution under Belgian law submitted to the prudential control of the Belgian National Bank and to the supervision on investor and consumer protection of the Financial Services and Markets Authority (FSMA). BNP Paribas Fortis SA-NV is recognized in capacity as insurance agent under FSMA number 25789 A and acts as intermediary for AG Insurance SA-NV.
The supervisory authorities are:

Financial Services and Markets Authority (FSMA)
Rue du Congrès/Congresstraat 10-16
B-1000 Brussels - Belgium
www.fsma.be

The National Bank of Belgium
Boulevard de Berlaimond/Berlaimontlaan 14
B-1000 Brussels – Belgium
VAT BE 0203.201.340 - RPM/RPR Brussels
www.nbb.be

3. Contents of the Website/Material

The information and material on this Website are provided for information purposes only and do not in any way constitute an offer regarding any financial, banking, insurance or other products and/or services. An exception is made for an offer to sell or requests for offers to sell financial instruments or securities, provided that the offers are subject to an express publication in this respect via a prospectus on this Website. An offer can only be made and considered if and only if it is legally valid and complies with the legal provisions applicable in this regard. Any offer is limited to the countries or jurisdictions expressly mentioned therein and persons from any other country or jurisdiction who have access to, visit or use the Website may not take such an offer into consideration.

The information and material contained on this Website are not intended to provide any advice in particular including but not limited to financial, tax, accounting or legal advice.

The Bank shall take all steps to check and update the information and material contained on this Website regularly and to verify the reliability and sincerity of their sources. Therefore, the information and material posted on this Website are subject to change. Nevertheless, the Bank cannot guarantee the accuracy, adequacy, comprehensiveness or timeliness of any information or material included or referred to in this Website; nor can it guarantee that this information or material shall be adapted for a specific purpose, or the reliability or sincerity of their sources. The Bank, its related companies, companies in the group to which the bank belongs, their directors, employees and/or representatives shall not in any circumstances be held liable, on any grounds whatsoever, whether contractually or otherwise, for any direct or indirect loss you may incur arising from having accessed, visited or used this Website, except in the case of gross negligence or wilful misconduct attributable to them, as well as in the case of misleading, inaccurate or contradictory information in relation to a financial instrument issuance prospectus.

4. Intellectual Property Rights

The information and material on this Website are protected by the intellectual property rights to which the Bank, its related companies, companies in the group to which the Bank belongs or third parties are entitled or which they may claim. You may not reproduce or print this information or material except for strictly personal and non-commercial use, provided that you retain all notices referring to these intellectual property rights. You undertake not to distribute, reproduce or sell this information or material in any form or by any means without the prior formal written consent of the Bank.

5. Privacy Notice & Use of Cookies

Reference is made to the Bank’s Privacy Notice and Cookie Policy available on the Website.

6. Confidentiality

All information and material transmitted to the Bank through this Website shall be processed in compliance with the legal and regulatory provisions applicable in this regard.

7. Applicable Law and Jurisdiction

Access to, the visiting and the use of this Website, together with these General Terms and Conditions, are subject to and shall be interpreted and construed in accordance with Belgian law. Except when the law expressly specifies the competent judge, all claims may be brought before:

  • the competent judge for the domicile of the defendant or one of the defendants;
  • the competent judge for the district in which one or more of the commitments forming part of the dispute have been contracted or in which they have been, are being or must be fulfilled;
  • the competent judge for the district in which the process server has spoken to the defendant if the latter or, if applicable, one of the defendants is domiciled in Belgium or abroad.
8. Severability and Changes

If certain provisions of these General Terms and Conditions are held to be inapplicable, the remaining provisions shall be deemed to be unimpaired and the inapplicable provision(s) shall be replaced by an applicable provision, the purport of which shall be as close as possible to that of the provision held to be inapplicable. This Agreement shall form an integral part of any other agreements you have entered into or shall enter into with the Bank, one of its related companies or companies in the group to which the bank belongs.

The Bank shall be entitled to amend these General Terms and Conditions at any time, with immediate effect and without prior notice.

9. Liability of Third Parties

Any illicit or prohibited use of this Website, amongst others by causing damages to any software used and data provided for, by means of viruses, destruction and/or data manipulation, gives rise to civil and criminal liability.

In case the bank would, even temporarily, not invoke or enforce these or any other rights emanating from the current General Terms and Conditions and/or having regard to the use of this Website, such lack of action on behalf of the bank shall by no means be considered as or have as consequence the desisting from or the fact to have renounced any right or claim whatsoever.

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LIST OF PURPOSE CODES FOR RECEIPT PURPOSES IN INDIA

GROUP NO.
PURPOSE GROUP NAME
PURPOSE CODE
DESCRIPTION
00
Capital Account
P0017
Receipts on account of Sale of non-produced non-financial assets (Sale of intangible assets like patents, copyrights, trademarks etc., land acquired by government, use of natural resources) – Government
 
 
P0019
Receipts on account of Sale of non-produced non-financial assets (Sale of intangible assets like patents, copyrights, trademarks etc., use of natural resources) – Non-Government
 
 
P0028
Capital transfer receipts (Guarantee payments, Investment Grant given by the government/international organisation, exceptionally large Non-life insurance claims including claims arising out of natural calamity) - Government
 
 
P0029
Capital transfer receipts ( Guarantee payments, Investment Grant given by the Non-government, exceptionally large Non-life insurance claims including claims arising out of natural calamity) – Non-Government
 
 
P0099
Other capital receipts not included elsewhere
 
Financial account
 
 
 
Foreign Direct investment
P0003Repatriation of Indian Direct investment abroad (by branches & wholly owned subsidiaries and associates) in equity shares
 
 
P0004Repatriation Indian Direct investment abroad (by branches & wholly owned subsidiaries and associates) in debt instruments
 
 
P0005Repatriation of Indian investment abroad in real estate
 
 
P0006Foreign Direct Investment made by overseas Investors in India in equity shares
 
 
P0007Foreign Direct Investment made by overseas Investors in India in debt instruments.
 
 
P0008Foreign Direct Investment made by overseas Investors in India in real estate
 Foreign Portfolio InvestmentP0001Repatriation of Indian Portfolio investment abroad in equity capital (shares)
  P0002Repatriation of Indian Portfolio investment abroad in debt instruments.
  P0009Foreign Portfolio Investment made by overseas Investors in India in equity shares
  P0010Foreign Portfolio Investment made by overseas Investors in India in debt Instruments.
 External commercial BorrowingsP0011Repayment of loans extended to Non-Residents
  P0012Long & medium term loans, with original maturity of above one year, from Non-Residents to India (External Commercial Borrowings)
 Short term creditsP0013Short term loans with original maturity upto one year from Non-Residents to India (Short-term Trade Credit)
 Banking CapitalP0014Receipts o/a Non-Resident deposits (FCNR(B)/NR(E)RA, etc.) {ADs should report these even if funds are not "swapped" into Rupees}
  P0015Loans & overdrafts taken by ADs on their own account. (Any amount of loan credited to the NOSTRO account which may not be swapped into Rupees should also be reported)
  P0016Purchase of a foreign currency against another currency
 Financial Derivatives and OthersP0020Receipts on account of margin payments, premium payment and settlement amount etc. under Financial derivative transactions
  P0021Receipts on account of sale of share under Employee stock option
  P0022Receipts on account of other investment in ADRs/GDRs
 External AssistanceP0024External Assistance received by India e.g. Multilateral and bilateral loans received by Govt. of India under agreements with other govt. / international institutions
  P0025Repayments received on account of External Assistance extended by India
01
Exports (of Goods)
P0101
Value of export bills negotiated / purchased/discounted etc. (covered under GR/PP/SOFTEX/EC copy of shipping bills etc.) – Other than Nepal and Bhutan
  P0102Realisation of export bills (in respect of goods) sent on collection (full invoice value) – Other than Nepal and Bhutan
  P0103Advance receipts against export contracts, which will be covered later by GR/PP/SOFTEX/SDF – other than Nepal and Bhutan
  P0104Receipts against export of goods not covered by the GR /PP /SOFTEX /EC copy of shipping bill etc. (under Intermediary/transit trade, i.e., third country export passing through India
  P0105Export bills (in respect of goods) sent on collection – other than Nepal and Bhutan
  P0106Conversion of overdue export bills from NPD to collection mode.
  P0107Realisation of NPD export bills (full value of bill to be reported) – other than Nepal and Bhutan
  P0108Goods sold under merchanting / Receipt against export leg of merchanting trade*
  P0109Export realisation on account of exports to Nepal and Bhutan, if any
02TransportationP0201Receipts of surplus freight/passenger fare by Indian shipping companies operating abroad
  P0202Receipts on account of operating expenses of Foreign shipping companies operating in India
  P0205Receipts on account of operational leasing (with crew) – Shipping companies
  P0207Receipts of surplus freight/passenger fare by Indian Airlines companies operating abroad
  P0208Receipt on account of operating expenses of Foreign Airlines companies operating in India
  P0211Receipt on account of operational leasing (with crew) – Airlines companies
  P0214Receipts on account of other transportation services (stevedoring, demurrage, port handling charges etc).(Shipping Companies)
  P0215Receipts on account of other transportation services (stevedoring, demurrage, port handling charges etc).( Airlines companies)
  P0216Receipts of freight fare -Shipping companies operating abroad
  P0217Receipts of passenger fare by Indian Shipping companies operating abroad
  P0218Other receipts by Shipping companies
  P0219Receipts of freight fare by Indian Airlines companies operating abroad
  P0220Receipts of passenger fare –Airlines
  P0221Other receipts by Airlines companies
  P0222Receipts on account of freights under other modes of transport (Internal Waterways, Roadways, Railways, Pipeline transports and Others)
  P0223Receipts on account of passenger fare under other modes of transport (Internal Waterways, Roadways, Railways, Pipeline transports and Others)
  P0224Postal & Courier services by Air
  P0225Postal & Courier services by Sea
  P0226Postal & Courier services by others
03TravelP0301Purchases towards travel (Includes purchases of foreign TCs, currency notes etc over the counter, by hotels, Emporiums, institutions etc. as well as amount received by TT/SWIFT transfers or debit to Non-Resident account)
  P0302Business travel
  P0304Travel for medical treatment including TCs purchased by hospitals
  P0305Travel for education including TCs purchased by educational
  P0306Other travel receipts
  P0308Foreign Currencies/TCs surrendered by returning Indian tourists
05Construction ServicesP0501Receipts on account of services relating to cost of construction of projects in India
  P0502Receipts on account of construction works carried out abroad by Indian Companies
06Insurance and Pension ServicesP0601Life Insurance premium except term insurance
  P0602Freight insurance – relating to import & export of goods
  P0603Other general insurance premium including reinsurance premium; and term life insurance premium
  P0605Auxiliary services including commission on insurance
  P0607Receipts on account of Auxiliary services ( commission on insurance).
  P0608Receipts on account of settlement of claims.
  P0609Standardised guarantee services
  P0610Premium for pension funds
  P0611Periodic pension entitlements e.g. monthly quarterly or yearly payments of pension amounts by Indian Pension Fund Companies.
  P0612Invoking of standardised guarantees
07Financial ServicesP0701Financial intermediation except investment banking – Bank charges, collection charges, LC charges, etc.
  P0702Investment banking – brokerage, under writing commission etc.
  P0703Auxiliary services – charges on operation & regulatory fees, custodial services, depository services etc.
08Telecommunication, Computer & Information ServicesP0801Hardware consultancy/implementation
  P0802Software consultancy/implementation (other than those covered in SOFTEX form)
  P0803Data base, data processing charges
  P0804Repair and maintenance of computer and software
  P0805News agency services
  P0806Other information services- Subscription to newspapers, periodicals, etc.
  P0807Off-site Software Exports
  P0808Telecommunication services including electronic mail services and voice mail services
  P0809Satellite services including space shuttle and rockets, etc.
09Charges for the use of intellectual property n.i.eP0901Franchises services
  P0902Receipts for use, through licensing arrangements, of produced originals or prototypes (such as manuscripts and films), patents, copyrights, trademarks, industrial processes, franchises etc.
10Other Business ServicesP1002Trade related services – commission on exports / imports
  P1003Operational leasing services (other than financial leasing) without operating crew, including charter hire- Airlines companies
  P1004Legal services
  P1005Accounting, auditing, book keeping services
  P1006Business and management consultancy and public relations services
  P1007Advertising, trade fair service
  P1008Research & Development services
  P1009Architectural services
  P1010Agricultural services like protection against insects & disease, increasing of harvest yields, forestry services.
  P1011Inward remittance for maintenance of offices in India
  P1013Environmental Services
  P1014Engineering Services
  P1015Tax consulting services
  P1016Market research and public opinion polling service
  P1017Publishing and printing services
  P1018Mining services like on–site processing services analysis of ores etc.
  P1019Commission agent services
  P1020Wholesale and retailing trade services
  P1021Operational leasing services (other than financial leasing) without operating crew, including charter hire- Shipping companies
  P1022Other Technical Services including scientific/space services
  P1099Other services not included elsewhere
11Personal, Cultural & Recreational servicesP1101Audio-visual and related services like Motion picture and video tape production, distribution and projection services
  P1103Radio and television production, distribution and transmission services
  P1104Entertainment services
  P1105Museums, library and archival services
  P1106Recreation and sporting activity services
  P1107Educational services (e.g. fees received for correspondence courses offered to non-resident by Indian institutions)
  P1108Health Service (Receipts on account of services provided by Indian hospitals, doctors, nurses, paramedical and similar services etc. rendered remotely or on-site)
  P1109Other Personal, Cultural & Recreational services
12Government, not included elsewhere (G.n.i.e.)P1201Maintenance of foreign embassies in India.
  P1203Maintenance of international institutions such as offices of IMF mission, World Bank, UNICEF etc. in India.
13Secondary IncomeP1301Inward remittance from Indian non-residents towards family maintenance and savings.
  P1302Personal gifts and donations (FCRA certificate required)
  P1303Donations to religious and charitable institutions in India(FCRA certificate required)
  P1304Grants and donations to governments and charitable institutions established by the governments (FCRA certificate required)
  P1306Receipts / Refund of taxes
  P1307Receipts on account of migrant transfers including Personal Effects
14Primary IncomeP1401Compensation of employees
  P1403Inward remittance towards interest on loans extended to non-residents (ST/MT/LT loans)
  P1405Inward remittance towards interest receipts of ADs on their own account (on investments).
  P1408Inward remittance of profit by branches of Indian FDI Enterprises (including bank branches) operating abroad.
  P1409Inward remittance of dividends (on equity and investment fund shares) by Indian FDI Enterprises, other than branches, operating abroad
  P1410Inward remittance on account of interest payment by Indian FDI enterprises operating abroad to their Parent company in India.
  P1411Inward remittance of interest income on account of Portfolio Investment made abroad by India
  P1412Inward remittance of dividends on account of Portfolio Investment made abroad by India on equity and investment fund shares
  P1499Other income receipts
15OthersP1501Refunds / rebates on account of imports
  P1502Reversal of wrong entries, refunds of amount remitted for non-imports.
  P1503Remittances (receipts) by residents under international bidding process.
  P1505Deemed Exports ( exports between SEZ, EPZs and Domestic Tariff Areas)
16Maintenance and repair services n.i.eP1601Receipts on account of maintenance and repair services rendered for Vessels, Ships, Boats, Warships, etc.
  P1602Receipts of maintenance and repair services rendered for aircrafts, Space shuttles, Rockets, military aircrafts, etc.
17Manufacturing servicesP1701Receipts on account of processing of goods
* - ‘Merchanting’ here refers to purchase/sale of goods from/to a non-resident combined with subsequent resale of the same goods to another non-resident without goods being present in the compiling economy (resident’s economy). Essentially, goods transaction would be termed as ‘merchanting’ if goods acquired do not enter the territory of the compiling (resident’s) economy and secondly, goods being acquired do not undergo any transformation before being resold or repurchased

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