What a payment is for, read at the far end (beneficiary bank, regulator, statistics). Mandatory in some corridors.
Open in the interactive Academy →Carried in: Purp/Cd — the payment’s declared reason
A common selection of the External Purpose set (hundreds of codes, updated quarterly).
| Code | Name | Meaning |
|---|---|---|
SALA | SalaryPayment | Payment of salary/wages. |
PENS | PensionPayment | Payment of a pension. |
SSBE | SocialSecurityBenefit | A social-security or state benefit payment. |
SUPP | SupplierPayment | Payment to a supplier. |
GDDS | PurchaseSaleOfGoods | Payment for goods. |
SCVE | PurchaseSaleOfServices | Payment for services. |
TRAD | TradeServices | Trade-finance settlement. |
DIVD | Dividend | Payment of a dividend. |
INTE | Interest | Payment of interest. |
LOAN | Loan | Loan disbursement or repayment. |
RENT | Rent | Payment of rent. |
TAXS | TaxPayment | Payment of tax. |
VATX | ValueAddedTaxPayment | Payment of VAT. |
INTC | IntraCompanyPayment | A transfer between entities of the same group. |
TREA | TreasuryPayment | A treasury movement. |
CASH | CashManagementTransfer | A cash-management transfer. |
CORT | TradeSettlement | Settlement of a trade, e.g. against an FX or securities deal. |
HEDG | Hedging | A hedging-related payment. |
CBFF | CapitalBuilding | Capital building / savings. |
PHON | MobileP2B | Mobile person-to-business payment. |