4025Business function, coded

ElementBatch

Code describing the specific business function.

Element Details

Type ID
LengthMin 1 / Max 3
Codes
  • <>TAX
    Tax payment_reason for transaction is tax.
  • <>GVT
    Government payment_payment to or from a government department.
  • <>FEX
    Foreign exchange_reason for transaction is foreign exchange.
  • <>PEN
    Pension_reason for transaction is pension.
  • <>SAL
    Salary_reason for payment is salary.
  • <>LOR
    Loan repayment_repayment of loan to lender.
  • <>BEC
    Child benefit_payment made to assist to parent/guardian to maintain child.
  • <>SUB
    Subscription_reason for transaction is subscription.
  • <>ROY
    Royalties_reason for transaction is royalties.
  • <>COS
    Costs_reason for payments is costs.
  • <>NET
    Netting_reason for transaction is netting.
  • <>CBF
    Capital building fringe fortune_capital building for retirement.
  • <>SSB
    Social security benefit_payment made by government to support individuals.
  • <>LOA
    Loan_transfer of loan to borrower.
  • <>CPY
    Copyright_reason for payment is copyright.
  • <>AMY
    Alimony_payment on alimony.
  • <>SEC
    Securities_reason for transaction is securities.
  • <>LIF
    Licence fees_reason for transaction is licence fee.
  • <>VAT
    Value added tax payment_reason for transaction is vat.
  • <>BON
    Bonus_the reason the transaction is bonus.
  • <>BEN
    Unemployment/disability/benefit_payment to person unemployed/disabled.
  • <>INS
    Insurance premium_reason for transaction is insurance premium.
  • <>DIV
    Dividend_reason for payment is dividend.
  • <>CDT
    Commodity transfer_reason for payment is commodity.
  • <>INT
    Interest_reason for transaction is interest.
  • <>ADV
    Advance payment_the reason for payment is advance payment.
  • <>CAS
    Cash management transfer_reason for the transaction is cash management transfer.
  • <>COM
    Commission_reason for payment is commission.
  • <>REF
    Refund_reason for transaction is refund.
  • <>COC
    Commercial credit_reason for payment is commercial credit.
  • <>AGT
    Agricultural transfer_support payment to farmer.
  • <>ZZZ
    Mutually defined_self explanatory.
  • <>GDS
    Purchase and sale of goods_reason for transaction is purchase and sale of goods.
  • <>SCV
    Purchase and sale of services_reason for transaction is purchase and sale of services.
  • <>IHP
    Installment/hire-purchase agreement_reason for transaction is installment or hire/purchase agreement.
  • <>REN
    Rent_reason for transaction is rent.