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Dear Valued Clients,RE: Updates to Straight2Bank Purpose of Payment.In line with the recent change and revision of the purpose code list, the updated list ofPurpose of Payment codes will be made available in Straight2Bank Web, starting 2ndSeptember 2017, for users to select in accordance to the nature of the payment. Kindly referto full list of Purpose of Payment codes in the table below.In line with regulatory requirements, Purpose of Payment remains as a mandatory field for allforeign currency transactions from your accounts with Standard Chartered Bank MalaysiaBerhad and Standard Chartered Saadiq Berhad. Failure to include a Purpose of Paymentcode will result in your payment instructions being delayed or rejected.From 31st October 2017 onwards, Purpose of Payment codes which are no longerapplicable under the updated list will be removed from Straight2Bank and will not beavailable for selection. Please be reminded to start immediately updating your existingpayment templates and systems with the revised list of Purpose of Payment codes to ensurea smooth transition.If you have any queries regarding the changes, please feel free to contact our ClientServices Group: Tel: 1-300-88-8111 (Business Banking Client)E-mail: My.Business@sc.comTel: 1-300-88-3399 or 603-20262611 (Corporate Client)E-mail: straight2bank.my@sc.comThank you.Yours sincerely,Standard Chartered Bank Malaysia Berhad and Standard Chartered Saadiq Berhad
013500Purpose DescriptionGoodsFood And Live AnimalsBeverages And TobaccoCrude Materials, Inedible, Except FuelsMineral Fuels, Lubricants And Related MaterialsAnimal And Vegetable Oils, Fat And WaxesChemicals And Related Products, Not Classified ElsewhereManufactured GoodsMachinery, Non-Customised Packaged Software And Transport EquipmentPower Lines, Pipelines And Undersea Communication CablesMiscellaneous Manufactured ArticlesCommodities And Miscellaneous Transactions Not Classified ElsewhereRefunds Relating To Goods TransactionsNon-Monetary GoldMerchanting TradeGoods (Broad Classifications - Value Below RM200k)ServicesGoods For Processing/Manufacturing ServicesFreight By AirFreight By SeaFreight By Other Modes Of TransportationPassenger Fare By AirPassenger Fare By SeaPassenger Fare By Other Modes Of TransportationAirport ServicesPort ServicesOther Terminal FacilitiesCharter Of Aircraft (With Crew)Charter Of Ships And Vessels (With Crew)Charter Of Other Modes Of Transport (With Crew)Rentals/Operating Leasing Of Aircraft (Without Crew)Rentals/Operating Leasing Of Ships And Vessels (Without Crew)Rentals/Operating Leasing Of Other Transport Equipment (Without Crew)Rentals/Operating Leasing Of Dwellings, Other Buildings And MachineryPostal And Courier ServicesFees For Salvage OperationsRepair And Maintenance Of Aircraft, Ships And Other Transport EquipmentGoods And Services Purchase By TravellersTravel For Pilgrimage And Religious ObservancesTravel For Medical TreatmentEducation-RelatedStandard Chartered Bank Malaysia Berhad (Reg. No. 115793P)Standard Chartered Saadiq Berhad (Reg. No. 823437K)2
01685016900Purpose DescriptionGoods And Services Purchased Through Business And Official TravelGoods And Services Purchased By Short Term WorkersTelecommunication ServicesConstruction And Installation Services In MalaysiaConstruction And Installation Services AbroadPremium Paid/Received On High Risk Insurance/Takaful Relating To Fire,Marine, Aviation, Etc.Premiums Paid/Received On Other General Insurance/TakafulPremium Paid/Received On Life Insurance/TakafulPremiums Paid/Received On Reinsurance/RetakafulPremium Paid/Received On Insurance/Takaful On Goods In The Process OfBeing Exported/Imported.Claims Settlements On High Risk Insurance/Takaful Relating To Fire, Marine,Aviation, Etc.Claims Settlements On Other General Insurance/TakafulClaims Settlements On Life Insurance/TakafulClaims Paid/Received On Reinsurance/RetakafulClaims Paid/Received On Insurance/Takaful On GoodsAuxiliary Insurance ServicesExplicitly-Charged Financial ServicesExplicit Margins On Buying And Selling Of Financial InstrumentsExplicitly-Charged Asset Management ServicesFinancial Intermediation Service Charges Indirectly Measured (FISIM)Computer ServicesInformation ServicesCharges Associated With Intellectual Property RightsLicense Fees To Reproduce And Distribute Intellectual PropertySharing Of Administrative ExpensesResearch And Development ServicesArchitectural, Engineering, And Other Technical ServicesAgricultural, Mining, And On-Site ProcessingTrade-Related ServicesWaste Treatment ServicesAdvertising, Market Research And Public Opinion Polling ServicesLegal ServicesAccounting ServicesManagement Consulting ServicesAudio-Visual And Artistic Related ServicesHealth ServicesEducation ServicesHeritage And Recreational ServicesOther Personal ServicesOther Services Transactions Not Identified ElsewhereStandard Chartered Bank Malaysia Berhad (Reg. No. 115793P)Standard Chartered Saadiq Berhad (Reg. No. 823437K)3
01540015500Purpose DescriptionRefunds Relating To Services TransactionsIncomeDirect Investment IncomePortfolio Investment IncomeInvestment Income Attributable To Non-Resident Policyholders In Insurance,Pension Schemes, And Standardised GuaranteesInterest Paid To/ Received From Related Non-Resident Co. Relating To LoanObligations, Incl Non-Participating Preference Shares & Financial Leases.Interest Paid To/ Received From Non-Related Non-Resident Co Relating ToLoan Obligations, Incl Non-Participating Preference Shares & Financial Leases.Interest Paid To/ Received From Non-Residents On Deposits And NegotiableInstruments Of Deposits (NIDS)Interest Paid To/Received From Non-Residents On Investment In Bonds AndNotes.Interest Paid To/Received From Non-Residents On Money Market InstrumentsWages And Salaries In CashWages And Salaries In Kind/Benefits Attributable To EmployeesEmployer's Social ContributionsTaxes On Products And ProductionsSubsidies On Products And ProductionsRental On Natural ResourcesMalaysian Government Offices Abroad And Foreign Offices In MalaysiaInternational OrganisationsTrade MissionsCommission & Other Charges Relating To Loan Obligations Of The MalaysianGovernmentBNM Minting Of Coins And Printing Of NotesSpecial Transactions17010Inter-Co Settlement For Offsetting Payables Against Receivables (OnlyApplicable If The Co. Submits Monthly Inter-Co A/C Report To BNM)17020Transfer By A Company To/From Its Own Current A/C Overseas (OnlyApplicable If The Co. Submits Monthly Overseas A/C Report To er By A Resident (Exclude Bank) To/From Current Account Overseas OfAnother Resident CompanySettlement Between Remittance Services Providers (RSPS) With ResidentFinancial InstitutionsTransferGrants, Aid, Donations And Unclaimed Monies (Government Sector)Pension, Gratuity (Government Sector)Taxes On Income, Wealth And Other Taxable Assets (Government Sector)Fines And Penalties (Government Sector)Social Contributions And Benefits (Government Sector)Compensation And PledgingStandard Chartered Bank Malaysia Berhad (Reg. No. 115793P)Standard Chartered Saadiq Berhad (Reg. No. 823437K)4
33191131912319133192131922Purpose DescriptionPersonal TransferGrants And Gifts (Private Sector)Workers' RemittancesLegacies, Compensations And PrizesTaxes On Income, Wealth And Other Taxable Assets (Private Sector)Fines And Penalties (Private Sector)Net Premiums On Nonlife Insurance And Standardised GuaranteesNon-Life Insurance Claims And Calls Under Standardised GuaranteesDebt Forgiveness (Government Sector)Other Capital Transfers (Government Sector)Debt Forgiveness (Private Sector)Migrant TransferOther Capital Transfers (Private Sector)Acquisition/ Disposal Of Non-Produced, Non-Financial AssetsFinancial TransactionsCredit FacilitiesLong-Term Term Loans (Original Tenure Exceeds One Year)Extension To/Receipt (Drawdown) Of Long-Term Loan From Non-ResidentRepayment Of Principal To/By Non-Resident On Long-Term LoanPrepayment Of Principal To/By Non-Resident On Long-Term LoanShort-Term Term Loans (Original Tenure Is One Year Or Less)Extension To/Receipt (Drawdown) Of Short-Term Loan From Non-ResidentRepayment Of Principal To/By Non-Resident On Short-Term LoanPrepayment Of Principal To/By Non-Resident On Short-Term LoanNon-Participating Redeemable/Non-Redeemable Preference SharesIssuanceRedemptionFinancial LeaseFinancial Lease Extension To/Receipt From Non-ResidentRepayment Of Financial Lease To/Receipt From Non-ResidentsPrepayment Of Financial Lease To/Receipt From Non-ResidentRevolving Credit/ Overdraft FacilitiesCredit Facilities Extension To/Receipt From Non-ResidentRepayment Of Credit Facilities To/By Non-ResidentPrepayment Of Credit Facilities To/By Non-ResidentOther Long Term Loan Facilities (Original Tenure Exceeds One Year)Extension To /Receipt From Non-Resident.Repayment Of Other Loans Facilities To/By Non-ResidentPrepayment Of Other Loans Facilities To/By Non-ResidentOther Short Term Loan Facilities (Original Tenure Is One Year Or Less)Extension To /Receipt From Non-Resident.Repayment Of Other Loans Facilities To/By Non-ResidentStandard Chartered Bank Malaysia Berhad (Reg. No. 115793P)Standard Chartered Saadiq Berhad (Reg. No. 823437K)5
13911239121Purpose DescriptionPrepayment Of Other Loans Facilities To/By Non-ResidentInvestment Fund SharesEmployee Stock OptionsSubscriptions/ Contributions To/ Reimbursement From InternationalOrganisationsEquity CapitalEquity InvestmentMergers And AcquisitionsEquity Investment Other Than Mergers And AcquisitionsLiquidation Of InvestmentHead Office Accounts In BranchesCapital Expenditure In Special Enterprises/ProjectsCorporate Stocks And SharesIssued By Residents In Domestic Capital MarketIssued By Residents In International MarketsIssued By Non-Residents In International Capital MarketsIssued By Non-Residents In Domestic Capital MarketBonds And NotesIssued By Residents In Domestic Capital MarketIssued By Residents In International MarketsIssued By Non-Residents In International Capital MarketsIssued By Non-Residents In Domestic Capital MarketMoney Market InstrumentsIssued By Residents In Domestic Capital MarketIssued By Residents In International MarketsIssued By Non-Residents In International Capital MarketsIssued By Non-Residents In Domestic Capital MarketGovernment SecuritiesPurchase/Sale Of Malaysian Government SecuritiesPurchase/Sale Of Foreign Government SecuritiesFinancial DerivativesSwapsForwardsFuturesOptionsOther DerivativesOther InvestmentsPurchase/Sale Of Real Estate In MalaysiaPurchase/Sale Of Real Estate In Malaysia (Commercial)Purchase/Sale Of Real Estate In Malaysia (Residential)Purchase/Sale Of Real Estate AbroadPurchase/Sale Of Real Estate Abroad (Commercial)Standard Chartered Bank Malaysia Berhad (Reg. No. 115793P)Standard Chartered Saadiq Berhad (Reg. No. 823437K)6
073320Purpose DescriptionPurchase/Sale Of Real Estateabroad (Residential)DepositsPlacement/Withdrawal Of Deposits Of Residents With/From Financial InstitutionsAbroad.Placement/Withdrawal Of Deposits Of Residents With/From Offshore FinancialInstitutions In LabuanOwn Account TransferTransfer In Foreign Currency To Own Account Held Within SCB MalaysiaTransfer In Foreign Currency To Own Account Held With Other FinancialInstitutions In MalaysiaOther Transfer - Residents (Different Parties)Transfer In Foreign Currency By Resident To Other Account Held Within SCBMalaysia (Including Foreign Currency Loan/Loan Repayment BetweenResidents)Transfer In Foreign Currency By Resident To Other A/C Held With Other BanksIn Malaysia (Incl Foreign Currency Loan / Loan Repayment Between Residents)Other Transfer - Between Non ResidentsAbroad Transactions Between Non-Residents Effected By Resident FIsTransactions Between Non-Residents Within MalaysiaStandard Chartered Bank Malaysia Berhad (Reg. No. 115793P)Standard Chartered Saadiq Berhad (Reg. No. 823437K)7
Updates to Straight2Bank Purpose of Payment. In line with the recent change and revision of the purpose code list, the . updated list of Purpose of Payment codes will be made available in Straight2Bank Web, starting 2. September 2017, for users to select in accordance to the nature of the payment. Kindly refer
