Purpose of Remittance
Updated on April 8, 2022
When making a remittance, please confirm both TABLE 1 and TABLE 2 below in regard to the purpose of remittance.
- TABLE 1 refers to the requirements by each specific settlement account.
- TABLE 2 refers to the requirements by each receiving country.
When making a remittance, please confirm both 
TABLE 1 and TABLE 2 below in regard to the purpose of remittance.
In general, when the purpose information (purpose code or related description) is instructed to be entered in the "Purpose of Remittance" field but exceeds its maximum length, please enter the purpose information in the "Message to Beneficiary" field instead.
Be aware that if the purpose information is required but not provided, your payment may be delayed or rejected.
Should you have any questions, please contact your MUFG Bank contracting branch.
In general, when the purpose information (purpose code or related description) is instructed to be entered in the "Purpose of Remittance" field but exceeds its maximum length, please enter the purpose information in the "Message to Beneficiary" field instead.
Be aware that if the purpose information is required but not provided, your payment may be delayed or rejected.
Should you have any questions, please contact your MUFG Bank contracting branch.
(TABLE 1)
(TABLE 1)
For all foreign remittances using Jakarta Branch / Surabaya Sub-Branch settlement accounts, "Purpose of Remittance" is mandatory.
Please enter an appropriate four (4)-digit Transaction Codes (code only).
e.g.,
(Foreign Remittance) Purpose of Remittance: 2012
In addition, for trade related foreign remittances, please enter the purpose code (2012) and invoice information (invoice number and invoice amount) in the "Message to Beneficiary" field.
"/2012//invoice number(amount)", e.g.,
Message to Beneficiary: /2012//123ABC(1000000)
If there are multiple invoices, please enlist invoice details in sequence
"/2012//invoice number1(amount)invoice number2(amount)invoice number3(amount)", e.g.,
Message to Beneficiary: /2012//123ABC(1000000)456ABC(500000)789ABC(700000)
For Foreign Remittance, Domestic (Single) – RENTAS, and Book Transfer using MUFG Bank (Malaysia) settlement account, "Purpose of Remittance" on the payment screen is mandatory.
Please enter the appropriate five (5)-digit Purpose Code and the description of the purpose (in English words) within twenty-two (22) alphanumeric characters.
You may receive an email or phone inquiry from the Bank if the information provided is not appropriate.
e.g.,
(For target payment types other than DuitNow)
Purpose of Remittance: 07000 Machinery
Note: For Domestic (Single) – DuitNow, "Purpose Code" is mandatory. Please select from the drop-down list on the payment screen.
For all payment types using Manila Branch settlement account, "Purpose of Remittance" on the payment screen is mandatory.
Please input the information depending on the nature of payment:
1) Trade (export and import): Please input the four (4)-digit PSCC Commodity Code (code only) preceded by three (3) zeros.
e.g.,
Purpose of Remittance: 0009804
2) Non-trade (services, income, etc.): Please input the ten (10)-digit Transaction Code (Outgoing) (code only).
e.g.,
Purpose of Remittance: 0520301002
3) Non-trade (investment): Please input both the ten (10)-digitTransaction Code (Outgoing) (code only), followed by the five (5)-digit PSIC Code (code only) separated by a space.
e.g.,
Purpose of Remittance: 1320000002 25933
For Foreign Remittance using Indian Branch(es) settlement account, purpose code is required according to local regulation. Please confirm List of Purpose Code of Payment and enter the appropriate purpose code (code only), within five (5) alphanumeric characters.
e.g.,
Purpose of Remittance: S0101
For Foreign Remittance using Seoul Branch settlement account (to beneficiary outside the Republic of Korea), "Purpose of Remittance" on the payment screen is mandatory.
Please enter the appropriate purpose (in English words) , within twenty-two (22) alphanumeric characters. Please note that the evidence documents (e.g. invoices) should be submitted to MUFG Seoul Branch to check the remittance details.
e.g.,
Purpose of Remittance: Import for machinery
For Foreign Remittance and Book Transfer using Taipei Branch settlement account, purpose code is required according to local regulation. Please enter the appropriate purpose code (CBC Code) (code only), within three (3) alphanumeric characters in "Purpose of Remittance" field on the payment screen.
e.g.,
Purpose of Remittance: 70A
For Foreign Remittance and Domestic (Single) using MUFG Bank (Turkey) settlement account, the description of the purpose is required according to local regulation. Please enter the appropriate purpose (in English words) within twenty-two (22) alphanumeric characters in "Purpose of Remittance" on the payment screen.
e.g.,
Purpose of Remittance: Import for machinery
For Foreign Remittance using Yangon Branch settlement account, "Purpose of Remittance" on the payment screen is mandatory.
Please confirm Instruction for Providing ITRS Information and List of ITRS Codes specified by Central Bank of Myanmar and enter the appropriate four (4) to five (5)-digit ITRS code and the description of the purpose (in English words) as follows:
1) Enter ITRS Code in "Purpose of Remittance" field within twenty-two (22) alphanumeric characters.
e.g.,
Purpose of Remittance: 1200
2) Enter ITRS description of the purpose (in English words) in "Message to Beneficiary" field within one hundred and forty (140) alphanumeric characters.
e.g.,
Message to Beneficiary: Purpose Imports
Note: If the receiving country also requires purpose information to be entered in Message to Beneficiary, add such information after the input, divided by an identifier such as a slash (/) etc.
e.g.,
Message to Beneficiary: Purpose Imports/XXXX
(TABLE 2)
(TABLE 2)
For foreign remittances to Bahrain, please confirm the three (3)-letter purpose code specified by the Central Bank of Bahrain and enter the appropriate purpose code (code only).
<How to confirm the latest Purpose Codes>
Step 1) Access the Central Bank of Bahrain website.
Step 2) Follow the location: Central Bank of Bahrain Volume 1 - Conventional Banks >> Ad-hoc Communications >> Mandating the Use of Purpose Codes for SWIFT Cross-Border Payments_4 January 2021
e.g.,
Message to Beneficiary: Purpose GDI
For foreign remittances in non-CNY to China, purpose (in English words) is required. Trade/non-trade related payments, and capital transfer etc. need to be clarified.
e.g.,
Message to Beneficiary: Purpose Trade
For foreign remittances to India, please confirm List of Purpose Code of Payment and enter the appropriate purpose code (code only), within five (5) alphanumeric characters.
e.g.,
Message to Beneficiary: Purpose S0101
For trade related foreign remittances to Indonesia, please enter the purpose code (1011) and invoice information (invoice number and invoice amount) in the "Message to Beneficiary" field.
"/1011//invoice number(amount)", e.g.,
Message to Beneficiary: /1011//123ABC(1000000)
If there are multiple invoices, please enlist invoice details in sequence
"/1011//invoice number1(amount)invoice number2(amount)invoice number3(amount)", e.g.,
Message to Beneficiary: /1011//123ABC(1000000)
456ABC(500000)789ABC(700000)
For foreign remittances to Jordan, please confirm the four (4)-digit Payment Purpose Code specified by the Central Bank of Jordan and enter the appropriate purpose code (code only).
e.g.,
Message to Beneficiary: Purpose 0603
For foreign remittances to Myanmar, please confirm Instruction for Providing ITRS Information andList of ITRS Codes specified by the Central Bank of Myanmar and enter the appropriate ITRS Code (code only).
e.g.,
Message to Beneficiary: Purpose 1200
For foreign remittances in RUB to Russia, the five (5)-digit Code of Operation Type (VO Code) is required.
For foreign remittances to the UAE, please confirm the three (3)-letter Purpose Code specified by the Central Bank of the UAE and enter the appropriate purpose code (code only) in the "Purpose of Remittance" field.
<How to confirm the latest Purpose Codes>
Step 1) Access the Central Bank of the UAE website.
Step 2) From [Services] menu, click [Swift Scope Project].
Step 3) Confirm the [Purpose Codes] PDF file.
e.g.,
Message to Beneficiary: Purpose GDI
Please confirm BNM PC Guideline Link and enter the appropriate five (5)-digit Purpose Code and the description of the purpose (in English words) within twenty-two (22) alphanumeric characters.
For purpose remittance related to trade , kindly indicate what type of goods .
eg. 07000 Machinery
For purpose remittance related to services, please specify what kind of services rendered .
eg. 16760 Advertising / Marketing Services
For purpose remittance related to Merchant Trade , please specify the transaction take place without entering Malaysia OR within Malaysia .
eg. 16712 Merchant Trade Abroad
e.g 16711 Merchant Trade within Malaysia
For purpose remittance related to expenses, please specify what kind of expenses .
eg. 16720 Sharing Administrative Expenses
For purpose remittance related to capital injection , please specify whether this capital injection have repayment obligation OR this capital injection involves in equity investment .
eg. 35140 Equity Investment
eg. 35300 cash call/working capital, no payment obligation
For remittance related to loan, kindly indicate whether it is
- Loan drawdown / Loan repayment
- Long term/ Short term
- with fix repayment schedule/ without fix repayment schedule
- related party/ non- related party
eg. 31121 STL drawdown, fix repayment, related party
For remittance related to tax, kindly indicate whether it is
- tax on goods/ tax on staff
- the ultimate receiver for the tax (eg. LHDN)
eg. 21131 Reimbursement income tax, NR staff, ultimate receiver LHDN
For remittance related to Intercompany Settlement, please check whether company have submitted monthly IA (Intercompany Account) report to BNM .
eg. 17010 Intercompany Settlement, IA report submitted
For foreign remittances to the following countries, please enter the description of the purpose (in English words).
Botswana, Brazil, Brunei, Coted 'Ivoire, Cyprus, Egypt, Kazakhstan, Kuwait, Lebanon, North Macedonia, Mauritius, Mongolia, Nepal, Oman, Philippines, Poland, Qatar, Republic of Korea, Romania, Saudi Arabia, Slovenia, Thailand, Ukraine, Uzbekistan, Vietnam
e.g.,
Message to Beneficiary: Purpose Import for machinery