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4025 Business function, coded

Code describing the specific business function.

Codes

<> ADV

Advance payment

The reason for payment is advance payment.

<> AGT

Agricultural transfer

Support payment to farmer.

<> AMY

Alimony

Payment on alimony.

<> BEC

Child benefit

Payment made to assist to parent/guardian to maintain child.

<> BEN

Unemployment/disability/benefit

Payment to person unemployed/disabled.

<> BON

Bonus

The reason the transaction is bonus.

<> CAS

Cash management transfer

Reason for the transaction is cash management transfer.

<> CBF

Capital building fringe fortune

Capital building for retirement.

<> CDT

Commodity transfer

Reason for payment is commodity.

<> COC

Commercial credit payment

Reason for payment is commercial credit.

<> COM

Commission payment

Payment of commission.

<> COS

Costs

Reason for payments is costs.

<> CPY

Reason for payment is copyright.

<> DIV

Dividend payment

Reason for payment is dividend.

<> FEX

Foreign exchange

Reason for transaction is foreign exchange.

<> GDS

Purchasing and selling of goods

Purchasing and selling of goods.

<> GVT

Government payment

Payment to or from a government department.

<> IHP

Instalment/hire-purchase agreement

Reason for transaction is instalment or hire/purchase agreement.

<> INS

Insurance premium

Reason for transaction is insurance premium.

<> INT

Interest payment

Payment of interest.

<> LIF

Licence fees payment

Payment of licence fees.

<> LOA

Loan

Transfer of loan to borrower.

<> LOR

Loan repayment

Repayment of loan to lender.

<> NET

Netting

Reason for transaction is netting.

<> PEN

Pension payment

Payment of pension.

<> REF

Refunding

Payment of refund.

<> REN

Rent

Reason for transaction is rent.

<> ROY

Royalties payment

Payment of royalties.

<> SAL

Salary payment

Reason for payment is salary.

<> SCV

Purchasing and selling of services

Purchasing and selling of services.

<> SEC

Securities

Reason for transaction is securities.

<> SSB

Social security benefit

Payment made by government to support individuals.

<> SUB

Subscription

Reason for transaction is subscription.

<> TAX

Tax payment

Payment of tax.

<> VAT

Value added tax payment

Payment of Value Added Tax (VAT).

<> ZZZ

Mutually defined