4025 Business function, coded

Code describing the specific business function.

Type
String (AN)
Length
Min 1 / Max 3
Codes
CodeDescription
ADVAdvance payment
The reason for payment is advance payment.
AGTAgricultural transfer
Support payment to farmer.
AMYAlimony
Payment on alimony.
BECChild benefit
Payment made to assist to parent/guardian to maintain child.
BENUnemployment/disability/benefit
Payment to person unemployed/disabled.
BONBonus
The reason the transaction is bonus.
CASCash management transfer
Reason for the transaction is cash management transfer.
CBFCapital building fringe fortune
Capital building for retirement.
CDTCommodity transfer
Reason for payment is commodity.
COCCommercial credit
Reason for payment is commercial credit.
COMCommission
Reason for payment is commission.
COSCosts
Reason for payments is costs.
CPYCopyright
Reason for payment is copyright.
DIVDividend
Reason for payment is dividend.
FEXForeign exchange
Reason for transaction is foreign exchange.
GDSPurchase and sale of goods
Reason for transaction is purchase and sale of goods.
GVTGovernment payment
Payment to or from a government department.
IHPInstalment/hire-purchase agreement
Reason for transaction is instalment or hire/purchase agreement.
INSInsurance premium
Reason for transaction is insurance premium.
INTInterest
Reason for transaction is interest.
LIFLicence fees
Reason for transaction is licence fee.
LOALoan
Transfer of loan to borrower.
LORLoan repayment
Repayment of loan to lender.
NETNetting
Reason for transaction is netting.
PENPension
Reason for transaction is pension.
REFRefund
Reason for transaction is refund.
RENRent
Reason for transaction is rent.
ROYRoyalties
Reason for transaction is royalties.
SALSalary
Reason for payment is salary.
SCVPurchase and sale of services
Reason for transaction is purchase and sale of services.
SECSecurities
Reason for transaction is securities.
SSBSocial security benefit
Payment made by government to support individuals.
SUBSubscription
Reason for transaction is subscription.
TAXTax payment
Reason for transaction is tax.
VATValue added tax payment
Reason for transaction is VAT.
ZZZMutually defined

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