4025 Business function, coded

Code describing the specific business function.

Type
String (AN)
Length
Min 1 / Max 3
Codes
CodeDescription
AAAPayment terms
The business function is to specify payment terms.
ADVAdvance payment
The reason for payment is advance payment.
AGTAgricultural transfer
Support payment to farmer.
AMYAlimony
Payment on alimony.
BECChild benefit
Payment made to assist to parent/guardian to maintain child.
BENUnemployment/disability/benefit
Payment to person unemployed/disabled.
BONBonus
The reason the transaction is bonus.
CASCash management transfer
Reason for the transaction is cash management transfer.
CBFCapital building fringe fortune
Capital building for retirement.
CDTCommodity transfer
Reason for payment is commodity.
COCCommercial credit payment
Reason for payment is commercial credit.
COMCommission payment
Payment of commission.
COSCosts
Reason for payments is costs.
CPYCopyright payment
Reason for payment is copyright.
DIVDividend payment
Reason for payment is dividend.
FEXForeign exchange
Reason for transaction is foreign exchange.
GDSPurchasing and selling of goods
Purchasing and selling of goods.
GVTGovernment payment
Payment to or from a government department.
IHPInstalment/hire-purchase agreement
Reason for transaction is instalment or hire/purchase agreement.
INSInsurance premium
Reason for transaction is insurance premium.
INTInterest payment
Payment of interest.
LIFLicence fees payment
Payment of licence fees.
LOALoan
Transfer of loan to borrower.
LORLoan repayment
Repayment of loan to lender.
NETNetting
Reason for transaction is netting.
PENPension payment
Payment of pension.
REFRefunding
Payment of refund.
RENRent
Reason for transaction is rent.
ROYRoyalties payment
Payment of royalties.
SALSalary payment
Reason for payment is salary.
SCVPurchasing and selling of services
Purchasing and selling of services.
SECSecurities
Reason for transaction is securities.
SSBSocial security benefit
Payment made by government to support individuals.
SUBSubscription
Reason for transaction is subscription.
TAXTax payment
Payment of tax.
VATValue added tax payment
Payment of Value Added Tax (VAT).
ZZZMutually defined

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