PURPOSE CODES FOR SWIFT CROSS BORDER PAYMENTS
Classification
I.

Code Purpose

Brief Description

Goods-Services-Income-Transfers Receipts & Payments
GDE

Goods sold (Exports
in fob value)

All receipts for exports and re-exports between
residents and nonresidents of goods regardlessof when the goods are shipped and thesettlement type.

GDI

Goods bought(Imports in cif value)

All payments from imports between residents
and nonresidents regardless of when the
goods are shipped and the settlement type.

STS

Sea Transport

Transportation services provided by sea oftickets, transport of goods, cargo, and otherauxiliary services.

ATS

Air transport

Transportation services provided by air ofairline companies related to transport ofpeople, cargo, and other auxiliary services.

OTS

Other methods oftransport (including
Postal and courier
services)

Receipts and payments among residents andnonresidents related to road, pipelines, andother types of transport and postal and courier
services.

STR

TravelTravel includes leisure, health (medical
reasons), education (students), visit to family
and business travel, local transport, hotels,
restaurants, payments of tuition, examination
fee, travel agents for booking of passages offoreign trips.

GMS

Processing repair
and maintenanceservices on goods

Manufacturing services covers processing,assembly, labeling, packing and maintenanceand repair services on goods undertaken byenterprises that do not own the goods
concerned.

SCO

Construction

Creation, renovation, repair, or extension of
fixed assets in the form of buildings, land
improvements including installation andassembly work, site preparation and general
construction, cost of construction, repairs andmaintenance work to buildings as well as
renting and establishment of necessary
equipment.

Import-Export

Transport & Travel

Services with abroad

PURPOSE CODES FOR SWIFT CROSS BORDER PAYMENTS
INS

Insurance Services

Provision of various types of insurance to/from
non-residents and reinsurance regarding
goods, life, insurance, travel, reimbursement.

FIS

Financial Services

Explicit charges that require no special
calculation including fees for deposit-taking
and lending, fees for one-off guarantees, earlyor late repayment fees or penalties, accountcharges, fees related to letters of credit, credit
card services, commissions and charges related
to financial leasing, factoring, underwriting andclearing of payments.

IPC

Charges for the useof intellectual
property royalties

Recording of receipts or payments related tocharges for the use of proprietary rights suchas patents, trademarks, copyrights, know-how,industrial processes and designs including
trade secrets and franchises.

TCS

Telecommunications Telecommunications services encompass theservicestransmission of sound, images or otherinformation by telephone, telex, telegram,radio and television cable and broadcasting,satellite, electronic, mail, facsimile services,
including business network services,
teleconferencing and support services.

ITS

Computer services

Computer services consist of hardware and/or
software-related services and data-processing
services.

IFS

Information services

Information services comprise news agency
services, database services both online andthrough magnetic, optical or printed media
and web search portals.

RDS

Research anddevelopment
services

Services that are associated with basic
research, applied research and experimental
development of new products and processes.

PMS

Professional andmanagement
consulting services

Includes legal services, accounting,management consulting, managerial services
and public relations services, advertising,market research and public opinion polling
services.

PURPOSE CODES FOR SWIFT CROSS BORDER PAYMENTS

Classification

Interest & Profits
with abroad

TTS

Technical, traderelated and otherbusiness services

Includes architectural, engineering, scientificand other technical services, waste treatment
and de-pollution, agricultural and mining
services, operating leasing services, traderelated services, other business services notincluded elsewhere.

PRS

Personal, cultural,
audiovisual andrecreational services

Personal, cultural and recreational services are
education services, health services, heritage
and recreational services and other personal
services.

Code Purpose

Brief Description

IGD

Dividends
intragroup

Includes receipts and payments on the form of
dividends to/from abroad that resident
investors receive from enterprises abroad towhich they participate with percentage morethan 10% at their share capital. If the exact
percentage is not known the intro-group would
be accepted.

IID

Interest on debt
intragroup

Recording of interest as investment income on
external financial assets that resident investors
receive from enterprises abroad to which they
participate with percentage more than 10% attheir share capital. If the exact percentage is
not known the intro-group would be accepted.

PIP

Profits on Islamic
products

According to Islamic banking definitions, forexample sukuks.

PRR

Profits or rents onreal estate

Rent covers income receivable for putting
natural resources at the disposal of anonresident institutional unit.

DOE

Dividends on equity
not Intragroup

Include receipts and payments in the form of
dividends to/from abroad that resident
investors receive from enterprises abroad toPURPOSE CODES FOR SWIFT CROSS BORDER PAYMENTS
which they participate with percentage lessthan 10% at their share capital or not in thesame group.
ISH

Income oninvestment funds
sharesInvestment income attributable to collective
investment fund shareholders, including
mutual funds and unit trusts.

ISL

Interest on
securities more thana yearInterest from residents that hold securities ofmaturity more than a year issued bynonresidents and the opposite.

ISS

Interest on
securities less than a
year

Interest from residents that hold securities ofmaturity less than a year issued bynonresidents and the opposite.

IOL

Income on loans

Interest of loans between enterprises notbelonging to the same group.

IOD

Income on deposits

Receipts of income from financial institutions
nonresidents for the accounts of residents andpayments of the income from resident financial
institutions for accounts of nonresidents.

GOS

Government goods
and services
embassies etc

Included are all transactions in both goods andservices by enclaves such as embassies,
consulates, military bases and internationalorganizations with residents in the economies
in which enclaves are located.

GRI

Government related
income taxes,
tariffs, capitaltransfers, etc

Receipts and payments of transfers from
Bahrain’s government to and fromnonresidents related to taxes on products, on
income, wealth and capital gains, subsidies on
products, social contributions, social benefits,investment grants and donations.

CHC

Charitable
Contributions(Charity and Aid)

Humanitarian aid, military assistance,
contributions to international organization
apart from loans, in cash or in kind, between
the governments of different countries or
between governments and internationalorganizations.

FAM

Family Support(Workers’
remittances)

Personal transfers by migrants’ resident
households to or from nonresident households.

Government

Personal

PURPOSE CODES FOR SWIFT CROSS BORDER PAYMENTS

Classification

SAL

Salary(Compensation of
employees)

Remuneration payable by resident enterprises
to nonresident employees in return for work
done by the latter during the accounting
period.

PPA

Purchase of realestate abroad fromresidents

The fair value of real estate purchased byresidents abroad or its liquidation.

PPL

Purchase of realestate in Bahrainfrom non-residents

The fair value of real estate purchased bynonresidents in Bahrain or its liquidation.

Code Purpose

Brief Description

II. Assets
CEA

Equity andInvestment fundshares for theestablishment of
new company fromresidents abroad,equity of merger or
acquisition ofcompanies abroadfrom residents andparticipation tocapital increase of
related companies
abroadEstablishment of branch or company abroad,acquisition of an existing entity, purchase orsale of additional shares with percentage 10%of its capital or above abroad or liquidation ofa previous investment. If the exact percentage
is not known the intra-group would be
accepted.

DSF

Debt instruments
Intragroup foreign
securities

Bonds that a direct investor resident gives to
its direct investment enterprise abroad or their
repayments and a nonresident direct
investment enterprise is giving to a resident
direct investor or their repayments. If the exact

FDI flows- Acquisitionand liquidation by
residents of equity &securities abroad(above 10% share)

PURPOSE CODES FOR SWIFT CROSS BORDER PAYMENTS
percentage of above 10% participation is notknown the intra-group would be accepted.

Portfolio investment
flows- Acquisitionand liquidation by
residents of equity &securities abroad(below 10% share)

REL

Reverse equity
share in Bahrain

Reverse share participation(from a company
abroad in which a Bahrain company has
previously invested at least 10% share) below
10% to the share capital of the resident direct
investor or its liquidation.

RDL

Reverse debt
instruments in
BahrainBonds, loans from a company abroad in whicha Bahrain company has previously invested atleast 10% share to its resident direct investor
or their repayments.

FSA

Equity other thaninvestment fundshares in not relatedcompanies abroad

Purchases or shares in equity from residents toshares of nonresidents companies withparticipation rate less than 10% or not relatedcompanies that do not belong to the same
corporate group if the percentage is notknown.

FIA

Investment fundshares foreign

Collective investment undertakings throughwhich investors pool funds for investment infinancial or nonfinancial assets such as mutual
funds or unit trusts.

DSA

Purchases and salesof foreign debt
securities in notrelated companiesLess than a year

Securities issued by nonresidents for example
bonds, treasury bills, commercial papers,
bankers’ acceptance traded in organizedmarkets at market prices with maturity lessthan a year in companies with capital
participation less than 10% or that do notbelong to the same corporate group if thepercentage is not known.

DLA

Purchases and salesof foreign debt
securities in notrelated companiesMore than a year

Securities issued by nonresidents for example
bonds, treasury bills, commercial papers,
bankers’ acceptances traded in organizedmarkets at market prices with maturity morethan a year in companies with capital
participation less than 10% or that do notbelong to the same corporate group if thepercentage is not known.

FDA

Financial derivatives
foreignTransactions of residents to financial
derivatives of nonresidents according to thegain or loss (margin) that occurs at thePURPOSE CODES FOR SWIFT CROSS BORDER PAYMENTS
settlement of the title and not the underlying
instrument.
DLF
Lending-repayments
and transfers by
residents of loans &deposits abroad

Debt Instruments
Intragroup loans,
deposits foreign(above 10% share)

Loans and credit that a direct investor resident
gives to its direct investment enterprise abroador their repayments and nonresident direct
investment enterprise is giving to a resident
direct investor or their repayments (within
financial institutions are excluded). If the exact
percentage of above 10% participation is notknown the intra-group would be accepted.

AFA

Receipts or
payments frompersonal residents
bank account ordeposits abroad

All inward or outward flows by residents fromaccounts held with banks abroad.

SLA

Loans- Drawings or
Repayments onloans extended tononresidents- Shortterm

All drawings or repayments on loans extended
to nonresidents with duration less than a year
in companies with capital participation lessthan 10% or that do not belong to the same
corporate group if the percentage is notknown.

LLA

Loans- Drawings or
Repayments onloans extended tononresidents- Longterm

All drawings or repayments on loans extended
to nonresidents with duration more than ayear in companies with capital participation
more than 10% or that do not belong to thesame corporate group if the percentage is notknown.

LEA

Leasing abroad

Financial leases that is leasing agreement of anonresident with a resident.

RFS

Repos on foreign
securities

Repurchase agreements on securities issued bynonresidents.

TCR

Trade credits andadvances receivable

Extension of credit by the suppliers of goods
and services to their customers and advances
for work that is in progress or is yet to beundertaken, in the form of prepayment bycustomers for goods and services not yet
provided.

PURPOSE CODES FOR SWIFT CROSS BORDER PAYMENTS
Classification

Code Purpose

Brief Description

III. Liabilities
CEL

Equity andInvestment fundshares for theestablishment of
new company in
Bahrain from nonresidents, equity ofmerger or
acquisition ofcompanies in
Bahrain from nonresidents andparticipation tocapital increase of
related companies
from non-residents
in Bahrain

Establishment of branch or other legal entity in
Bahrain from direct investor nonresident or
disinvestment. Share relationship above 10%.
Acquisition of an existing entity withpercentage 10% of its capital or above in
Bahrain from a nonresident direct investor or
liquidation of a previous investment. Purchaseor sale of additional shares on a direct
investment enterprise resident in Bahrain or
liquidation of a previous investment.

LDS

Debt instruments
intragroup securities
in Bahrain

Bonds that a direct investor nonresident gives
to its direct investment enterprise in Bahrainor their repayments and a resident direct
investment enterprise is giving to anonresident direct investor or their
repayments. If the exact percentage of above
10% participation is not known the intra-groupwould be accepted.

REA

Reverse equity
share abroad

Reverse share participation (from a company
in Bahrain in which a foreign company has
previously invested at least 10% share) below
10% to the share capital of the nonresident
direct investor or its liquidation.

RDA

Reverse debt
instruments abroad

Bonds, loans from a company in Bahrain inwhich a foreign company has previously
invested at least 10% share to its nonresident
direct investor or their repayments.

FSL

Equity other thaninvestment fundshares in not related

Purchases or shares in equity by nonresidents
of shares in resident companies withparticipation rate less than 10% or not relatedcompanies that do not belong to the same

FDI flows- Acquisitionand liquidation by
residents of equity
and securities in
Bahrain (above 10%
share)

Portfolio investment
flows- Acquisition

PURPOSE CODES FOR SWIFT CROSS BORDER PAYMENTS
and liquidation by
residents of equity &securities in Bahrain(below 10% share)companies in
Bahraincorporate group if the percentage is notknown.

FIL

Investment fundshares in Bahrain

Collective investment undertakings throughwhich investors pool funds for investment infinancial or nonfinancial assets such as mutual
funds or unit trusts.

DSL

Purchases and salesof securities issued
by residents in notrelated companiesLess than a year

Securities issued by residents for example
bonds, treasury bills, commercial papers,
bankers’ acceptance traded in organizedmarkets at market prices with maturity lessthan a year in companies with capital
participation less than 10% or that do notbelong to the same corporate group if thepercentage is not known.

DLL

Purchases and salesof securities issued
by residents in notrelated companiesMore than a year

Securities issued by residents for example
bonds, treasury bills, commercial papers,
bankers’ acceptances traded in organizedmarkets at market prices with maturity morethan a year in companies with capital
participation less than 10% or that do notbelong to the same corporate group if thepercentage is not known.

FDL

Financial derivatives
in Bahrain

Transactions of nonresidents to financial
derivatives of residents according to the gainor loss (margin) that that occurs at thesettlement of the title and not the underlying
instrument.

LDL
Lending-repayments
and transfers by nonresidents of loans &deposits in Bahrain

AFL

Debt Instruments
Intragroup loans,
deposits in Bahrain(above 10% share)

Receipts or
payments frompersonal

Loans and credit that a direct investor
nonresident gives to its direct investment
enterprise in Bahrain or their repayments anda resident direct investment enterprise isgiving to a nonresident direct investor or their
repayments (within financial institutions are
excluded). If the exact percentage of above
10% participation is not known the intra-groupwould be accepted.
All inward or outward flows by nonresidents
from accounts held with banks in Bahrain.

PURPOSE CODES FOR SWIFT CROSS BORDER PAYMENTS
nonresidents bankaccount in Bahrain
SLL

Loans- Drawings or
Repayments on
foreign loans
extended toresidents- Shortterm

All drawings or repayments on loans extended
to residents from abroad with duration lessthan a year in companies with capital
participation less than 10% or that do notbelong to the same corporate group if thepercentage is not known.

LLL

Loans- Drawings or
Repayments on
foreign loans
extended toresidents- Longterm

All drawings or repayments on loans extended
to residents from abroad with duration morethan a year in companies with capital
participation more than 10% or that do notbelong to the same corporate group if thepercentage is not known.

LEL

Leasing in Bahrain

Financial leases that is leasing agreement of aresident with a nonresident.

RLS

Repos on securities
issued by residents

Repurchase agreements on securities issued byresidents.

TCP

Trade credits andadvances payable

Extension of credit by the suppliers of goods
and services to their customers and advances
for work that is in progress or is yet to beundertaken, in the form of prepayment bycustomers for goods and services not yet
provided.