Country and currency specific requirements

  • United States of America

    ISO Country Code - USA

    Routing Number for beneficiary bank required.

    Select Other from the drop down Bank Account Type field

    Enter the Beneficiary Account Number

    Select ABA from the Beneficiary Bank Code Type drop down field

    Using the filter option search for the required Beneficiary Bank Code and select

    Canada

    ISO Country Code - CA

    Full beneficiary name and address must be provided, and must not contain a PO Box number

    China

    ISO Country Code - CN

    There are four regulatory requirements which must be adhered to when making payments to mainland China, please see below.

    1. Full beneficiary name, street name, province and country are required to be quoted in the payment.
    2. The Beneficiary Library Name field contains up to 35 characters, if the beneficiary name contains more than 35 characters this it can be continued in the first line of the beneficiary address.

      There are then 2 lines of 35 characters in the address field in which to enter the street name and province. China is then selected from the dropdown options within the field titled Country.

    3. The Reason for Payment - You will need to provide the most appropriate payment purpose code from those below.

    4. Payment  Purpose Code Description

      /TRADE/GOODS

      Cross-border settlement conducted for trade in goods, general merchandise, goods for processing, goods required for repairing, goods procured in ports by carriers, transactions to be settled by letter of credit, bills for collection, payment of import equipment and advanced payment, etc.

      /TRADE/SERVICE

      Cross-border settlement conducted for trade in services, including bill payments, services or fees relating to transportation, construction, financial services, computer and information services, sports, utility bills, legal and medical fees, etc.

      /CURRENT/TRF

      Income and current transfers, remittance of profits, bonus, dividends, tax and scholarships, etc.

      /CAPITAL/TRF  

      Capital account transactions, capital injection, capital reduction, capital payment, direct investment, shareholder’s loan/repayment, funds transfers for foreign direct investment (FDI) and RQFII projects.

    5. Invoice Number - This will come from your beneficiary in China and they must provide it to you in order for the payment to reach them.
    6. CNAPS Number - The CNAPS number is only required for payments sent in Chinese Renminbi. This is the equivalent of a UK domestic sort code and is 12 digits longmust be entered in the format /CNnnnnnnnnnnnn

    India

    ISO Country Code - IN

    IFSC (Indian Financial System Code) code must be provided

    Indian Rupee currency cannot be sent to any country other than India

    Reason for payment must be provided

    Israel

    ISO Country Code - ILS

    Israel Shekel should not be sent to the State of Palestine (PS)

    All payments must now include an IBAN number

    Jamaica

    ISO Country Code - JM

    Full beneficiary name and address must be provided

    Jordan

    ISO Country Code - JO

    Reason for payment must be provided.

    Lebanon

    ISO Country Code - LB

    Reason for payment must be provided.

    Maritius

    ISO Country Code - MU

    Reason for payment must be provided.

    Mexico

    ISO Country Code - MX

    18 digit account number must be provided.

    Romania

    ISO Country Code - RO

    Payments to State Treasury and other State Owned Entities in Romania

    Payments to the State Budget in connection with tax duties such as Income Tax or VAT or Payments in favour of State Owned Entities such as a State Hospital - it is compulsory to provide the fiscal identification code of both the ordering customer and the beneficiary.

    This Fiscal Identification Code can be obtained directly from the State Treasury in Romania or through the fiscal representative of company in Romania.

    The payment will include the Beneficiary Bank BIC Address and the Beneficiary IBAN – both of these are mandatory for payments to Romania and will be enforced by Commercial Banking Online.

    The Reference to the Beneficiary Field should indicate:

    1. The Unique Fiscal Identification code* of the ordering party
    2. The Unique Fiscal Identification code^ of the beneficiary
    3. For Tax Liability: the Name of the entity having tax duties in Romania
    4. Details of the payment

    * Format of the Unique Fiscal Identification code for companies - IDXXXXXXX

    ^ Format of the Unique Fiscal Identification code for individuals UIN XXXXXXXXXXXXXXXX

    Commercial Banking Online will not enforce this data into the Reference to the Beneficiary field but if you fail to provide it for payments of this nature it could delay receipt of the funds by the Beneficiary.

    South Africa

    ISO Country Code - SA

    Mandatory ZA code : input in the beneficiary bank code type field

    United Arab Emirates

    ISO Country Code - AE

    From January 2019 the Central bank of the UAE mandated that any cross border payments made into the UAE, or any domestic payment instructions within the UAE, must contain a Purpose for Payment Code (POP).

    Payment messages must contain a POP code within the payment instruction alongside Reason for Payment information and an IBAN, both existing requirements for payments into the UAE.

    Please select the relevant POP Code from the list below.

     

    i. Goods-Services-Income-Transfers Receipts & Payments

    Import - Export

    GDE

    Goods sold (Exports in fob value)

    GDI

    Goods bought (Imports in cif value)

    Transport & Travel

    STS

    Sea transport

    ATS

    Air transport

    OTS

    Other modes of transport (including Postal and courier services)

    STR

    Travel

    Services Outside of UAE

    GMS

    Processing repair and maintenance services on goods

    SCO

    Construction

    INS

    Insurance services

    FIS

    Financial services

    IPC

    Charges for the use of intellectual property royalties

    TCS

    Telecommunication services

    ITS

    Computer services

    IFS

    Information services

    RDS

    Research and development services

    PMS

    Professional and management consulting services

    TTS

    Technical, trade-related and other business services

    PRS

    Personal, cultural, audiovisual and recreational services

    Interest & Profits Outside UAE

    IGD

    Dividends intragroup

    IID

    Interest on debt intragroup

    PIP

    Profits on Islamic products

    PRR

    Profits or rents on real estate

    DOE

    Dividends on equity not intragroup

    ISH

    Income on investment funds shares

    ISL

    Interest on securities more than a year

    ISS

    Interest on securities less than a year

    IOL

    Income on loans

    IOD

    Income on deposits

    Government

    GOS

    Government goods and services embassies etc.

    GRI

    Government related income taxes, tariffs, capital transfers, etc.

    Personal

    CHC

    Charitable Contributions (Charity and Aid)

    FAM

    Family Support (Workers' remittances)

    SAL

    Salary (Compensation of employees)

    PPA

    Purchase of real estate abroad from residents

    PPL

    Purchase of real estate in the UAE from non-residents

    Other

    ACM

    Agency Commissions

    AES

    Advance payment against EOS

    ALW

    Allowance

    BON

    Bonus

    CCP

    Corporate Card Payments

    CIN

    Commercial Investments

    COM

    Commission

    COP

    Compensation

    CRP

    Credit Card Payment

    DCP

    Debit Card Payments

    DIV

    Dividend Payouts From FI

    EDU

    Educational Support

    EMI

    Equated Monthly Instalments

    EOS

    End of Service / Final Settlement

    IGT

    Inter Group Transfer

    IPO

    IPO Subscriptions

    IRP

    Interest Rate Swap Payments

    IRW

    Interest Rate Unwind Payments

    LAS

    Leave Salary

    LIP

    Loan Interest Payments

    LNC

    Loan Charges

    LND

    Loan Disbursements From FI

    MCR

    Monetary Claim Reimbursements

    MWI

    Mobile Wallet Card Cash-In

    MWO

    Mobile Wallet Card Cash-Out

    MWP

    Mobile Wallet Card Payments

    OAT

    Own Account Transfer

    OVT

    Overtime

    PEN

    Pension

    PIN

    Personal Investments

    POR

    Refunds/Reversals on IPO subscriptions

    POS

    POS Merchant Settlement

    PRP

    Profit Rate Swap Payments

    PRW

    Profit Rate Unwind Payments

    RNT

    Rent Payments

    SAA

    Salary Advance

    SVI

    Stored Value Card Cash-In

    SVO

    Stored Value Card Cash-Out

    SVP

    Stored Value Card Payments

    TAX

    TAX Payment

    TKT

    Tickets

    TOF

    Transfer of funds between persons Normal and Juridical

    UTL

    Utility Bill Payments

    ii. Assets

    FDI Flows (Acquisitions or settlement of overseas equity/securities by UAE Residents)

    CEA

    Equity and investment fund shares for the establishment of new company from residents abroad, equity of merger or acquisition of companies abroad from residents and participation to capital increase of related companies abroad

    DSF

    Debt instruments intragroup foreign securities

    REL

    Reverse equity share in the UAE

    RDL

    Reverse debt instruments in the UAE

    Portfolio Investment Flows (Acquisitions or settlement of overseas equity/securities by UAE Residents)

    FSA

    Equity other than investment fund shares in not related companies abroad

    FIA

    Investment fund shares foreign

    DSA

    Purchases and sales of foreign debt securities in not related companies - Less than a year

    DLA

    Purchases and sales of foreign debt securities in not related companies - More than a year

    FDA

    Financial derivatives foreign

    Lending Repayments and Transfers by UAE Residents of Overseas Loans & Deposits

    DLF

    Debt instruments intragroup loans, deposits foreign (above 10% share)

    AFA

    Receipts or payments from personal residents bank account or deposits abroad

    SLA

    Loans - Drawings or Repayments on loans extended to nonresidents - Short-term

    LLA

    Loans - Drawings or Repayments on loans extended to nonresidents - Long-term

    LEA

    Leasing abroad

    RFS

    Repos on foreign securities

    TCR

    Trade credits and advances receivable

    iii. Liabilities

    FDI Flows (Acquisitions or settlement of overseas equity/securities by non-UAE Residents)

    CEL

    Equity and investment fund shares for the establishment of new company in the UAE from non-residents, equity of merger or acquisition of companies in the UAE from non-residents and participation to capital increase of related companies from non-residents in the UAE

    LDS

    Debt instruments intragroup securities in the UAE

    REA

    Reverse equity share abroad

    RDA

    Reverse debt instruments abroad

    Portfolio Investment Flows (Acquisitions or settlement of overseas equity/securities by non-UAE Residents)

    FSL

    Equity other than investment fund shares in not related companies in the UAE

    FIL

    Investment fund shares in the UAE

    DSL

    Purchases and sales of securities issued by residents in not related companies - Less than a year

    DLL

    Purchases and sales of securities issued by residents in not related companies - More than a year

    FDL

    Financial derivatives in the UAE

    Lending Repayments and Transfers by non-UAE Residents of Loans & Deposits in the UAE

    LDL

    Debt instruments intragroup loans, deposits in the UAE (above 10% share)

    AFL

    Receipts or payments from personal non-resident bank account in the UAE

    SLL

    Loans - Drawings or Repayments on foreign loans extended to residents - Short-term

    LLL

    Loans - Drawings or Repayments on foreign loans extended to residents - Long-term

    LEL

    Leasing in the UAE

    RLS

    Repos on securities issued by residents

    TCP

    Trade credits and advances payable

    Uganda

    ISO Country Code - UG

    Reason for payment must be provided.

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Lloyds Bank plc Registered Office: 25 Gresham Street, London EC2V 7HN. Registered in England and Wales no. 2065. Telephone: 0207 626 1500.

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