4025 Business function, coded

Code describing the specific business function.

Type

String (AN)

Length

Min 1 / Max 3

Codes

Code	Description
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	Copyright payment 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