BOP Category Guide

GLOBAL TRADE
News
FINANCIAL
SURVEILLANCE
BALANCE OF
PAYMENTS (BOP)
CATEGORIES
The South African Reserve Bank (SARB) has introduced new BOP
categories and sub-categories, eective 19 August 2013. The guide below
provides the comprehensive list of all categories and sub-categories, split
into inward and outward payment ows.
Please be advised and take note that some categories have changed
completely. Therefore it is imperative that you review the categories and
understand the category associated with your transaction.
Please note: as the categories/sub-categories stated below are provided by the South African Reserve Bank
(SARB), same may be subject to change without prior notice, and accordingly Nedbank shall
not be held accountable whatsoever for any discrepancies/disputes arising from such changes.
Inward payment
categories
Outward payment
categories
Merchandise
Intellectual
property and
other services
Transactions
relating to income
and yields on
financial assets
Transfer of a
current nature
Transfers of a
capital nature
Loans and
miscellaneous
payments
Merchandise
Intellectual
property and
other services
Transactions
relating to income
and yields on
financial assets
Transfer of a
current nature
Transfers of a
capital nature
Loans and
miscellaneous
payments
Balance of Payment categories - inward payments

The Balance of Payment categories consists of a category and in some cases a sub-category is also applicable.
Merchandise
Grouping
Transaction
adjustments
Exports: Advance
payments
Category Sub-category
100
101
Adjustments/Reversals/Refunds applicable to merchandise

01
02
03
04
05
06
07
08
09
10
11
102
Exports
103
01
02
03
04
05
06
07
08
09
10
11
01
02
03
04
05
06
07
08
09
10
11
1 | GLOBAL TRADE NEWS

FINANCIAL SURVEILLANCE (FINSURV)
BALANCE OF PAYMENT (BOP) CATEGORIES
Description
Export advance payment (excluding capital goods, gold,

platinum, crude oil, refined petroleum products, diamonds,
steel, coal, iron ore and goods exported via the South African
Post Office)
Export advance payment - capital goods
Export advance payment - gold
Export advance payment - platinum
Export advance payment - crude oil
Export advance payment - refined petroleum products
Export advance payment - diamonds
Export advance payment - steel
Export advance payment - coal
Export advance payment - iron ore
Export advance payment - goods exported via the
South African Post Office
Not allocated
Not allocated
Not allocated
Not allocated
Not allocated
Not allocated
Not allocated
Not allocated
Not allocated
Not allocated
Not allocated
Export payments (excluding capital goods, gold, platinum,
crude oil, refined petroleum products, diamonds, steel, coal,
iron ore and goods exported via the South African Post Office)
Export payment - capital goods
Export payment - gold
Export payment - platinum
Export payment - crude oil
Export payment - refined petroleum products
Export payment - diamonds
Export payment - steel
Export payment - coal
Export payment - iron ore
Export payment - goods exported via the South African
Post Office
Merchandise
Grouping
Exports
104
Exports: Other
105
106
107
01
02
03
04
05
06
07
08
09
10
11
108
109
01
02
03
04
05
06
07
08
09
10
110
111
112

Description
Not allocated
Not allocated
Not allocated
Not allocated
Not allocated
Not allocated
Not allocated
Not allocated
Not allocated
Not allocated
Not allocated
Consumables acquired in port
Trade finance repayments in respect of exports
Export proceeds where the Customs value of the shipment is
less than R500
Export payments where goods were declared as part of
passenger baggage and no UCR is available
Proceeds for goods purchased by non residents where no
physical export will take place, excluding gold, platinum, crude
oil, refined petroleum products, diamonds, steel, coal and iron
ore as well as merchanting transactions
Proceeds for gold purchased by non residents where no
physical export will take place, excluding merchanting
transactions
Proceeds for platinum purchased by non residents where no
transactions
Proceeds for crude oil purchased by non residents where no
transactions
Proceeds for refined petroleum products purchased by non
residents where no physical export will take place, excluding
merchanting transactions
Proceeds for diamonds purchased by non residents where no
transactions
Proceeds for steel purchased by non residents where no
transactions
Proceeds for coal purchased by non residents where no
transactions
Proceeds for iron ore purchased by non residents where no
transactions
Not allocated
Merchanting transaction
Not allocated
Not allocated
Intellectual property and other services

Grouping
Transaction
adjustments
Charges for the
use of intellectual
property
Disposal of
intellectual
property (Excluding
Computer related
and Audiovisual)
Research and
Development
Audiovisual and
related items
Computer software
and related items
200
201
202
203
204
205
210
211
212
213
220
221
225
226
230
231
232
233
234
235
236
Technical related
services
240
01
02
03
04
05
06
07
08
09
241
242
243

Description
Adjustments/Reversals/Refunds applicable to intellectual

property and service related items
Rights assigned for licences to reproduce and/or distribute
Rights assigned for using patents and inventions (licensing)
Rights assigned for using patterns and designs
(including industrial processes)
Rights assigned for using copyrights
Rights assigned for using franchises and trademarks
Disposal of patents and inventions
Disposal of patterns and designs
(including industrial processes)
Disposal of copyrights
Disposal of franchises and trademarks
Proceeds received for research and development services
Funding received for research and development
Sales of original manuscripts, sound recordings and films
Receipt of funds relating to the production of motion pictures,
radio and television programs and musical recordings
The outright selling of ownership rights of software
Computer-related services including maintenance, repair
and consultancy
Commercial sales of customised software and related
licenses for use by customers
Commercial sales of non-customised software on physical
media with periodic licence to use
Commercial sales of non-customised software provided on
physical media with right to perpetual (ongoing) use
Commercial sales of non-customised software provided for
downloading or electronically made available with periodic
license
Commercial sales of non-customised software provided
for downloading or electronically made available with single
payment
Fees for processing - processing done on materials
(excluding gold, platinum, crude oil, refined petroleum
products, diamonds, steel, coal and iron ore)
Fees for processing - processing done on gold
Fees for processing - processing done on platinum
Fees for processing - processing done on crude oil
Fees for processing - processing done on refined petroleum
products
Fees for processing - processing done on diamonds
Fees for processing - processing done on steel
Fees for processing - processing done on coal
Fees for processing - processing done on iron ore
Repairs and maintenance on machinery and equipment
Architectural, engineering and other technical services
Agricultural, mining, waste treatment and depollution services

Grouping
Travel services for

non-residents
Travel services for
residents
Travel services in
respect of third
parties
Telecommunication
and information
services
Transportation
services
250
251
252
255
256
260
275
276
280
Travel services for non-residents - business travel

Travel services for non-residents - holiday travel
Foreign exchange accepted by residents from non-residents
Travel services for residents - business travel
Travel services for residents - holiday travel
Proceeds for travel services in respect of third parties business travel
Proceeds for travel services in respect of third parties holiday travel
Proceeds for telecommunication services
Proceeds for information services including data, news related
and news agency fees
Proceeds for passenger services - road
Proceeds for passenger services - rail
Proceeds for passenger services - sea
Proceeds for passenger services - air
Proceeds for freight services road
Proceeds for freight services rail
Proceeds for freight services sea
Proceeds for freight services air
Proceeds for other transport services road
Proceeds for other transport services rail
Proceeds for other transport services sea
Proceeds for other transport services air
Proceeds for postal and courier services road
Proceeds for postal and courier services rail
Proceeds for postal and courier services sea
Proceeds for postal and courier services air
Commission and fees
Proceeds for financial services charged for advice provided
Proceeds for construction services
281
282
285
Proceeds for government services

Diplomatic transfers
Tuition fees
287
288
289
290
291
292
293
294
295
296
297
298
299
Proceeds for legal services

Proceeds for accounting services
Proceeds for management consulting services
Proceeds for public relation services
Proceeds for advertising & market research services
Proceeds for managerial services
Proceeds for medical and dental services
Proceeds for educational services
Operational leasing
Proceeds for cultural and recreational services
Proceeds for other business services not included elsewhere
Not allocated
Not allocated
261
265
266
270
271
272
273
Financial services
provided
Construction
services
Government
services
Study related
services
Other business
services rendered

Description
01
02
03
04
01
02
03
04
01
02
03
04
01
02
03
04
Transactions relating to income and yields on financial assets

Grouping
Transaction
adjustments
Income receipts
300
301
302
303
304
305
306
307
308
309
01
02
03
04
05
06
310
311
312
07
08
01
02
03
04
01
02
03
04
01
02
03
04
313
314
315

Description
Adjustments/Reversals/Refunds related to income and yields

on financial assets
Dividends
Branch profits
Compensation paid by a non-resident to a resident employee
temporarily abroad (excluding remittances)
Compensation paid by a non-resident to a non-resident
employee in South Africa (excluding remittances)
Compensation paid by a non-resident to a migrant worker
employee (excluding remittances)
Compensation paid by a non-resident to a foreign national
contract worker employee (excluding remittances)
Commission or brokerage
Rental
Interest received from a resident temporarily abroad in
respect of loans
Interest received from a non-resident in respect of individual
loans
Interest received from a non-resident in respect of study loans
Interest received from a non-resident in respect of
shareholders loans
Interest received from a non-resident in respect of third
party loans
Interest received from a non-resident in respect of trade
finance loans
Interest received from a non-resident in respect of a bond
Interest received not in respect of loans
Income in respect of inward listed securities equity individual
Income in respect of inward listed securities equity corporate
Income in respect of inward listed securities equity bank
Income in respect of inward listed securities equity institution
Income in respect of inward listed securities debt individual
Income in respect of inward listed securities debt corporate
Income in respect of inward listed securities debt bank
Income in respect of inward listed securities debt institution
Income in respect of inward listed securities derivatives
individual
corporate
Income in respect of inward listed securities derivatives bank
institution
Income earned abroad by a resident on an individual
investment
Not allocated
Not allocated
Transfers of a current nature

Grouping
Transaction
adjustments
Current payments
400
401
402
403
404
405
406
407
408
409
410
411
412
413
414
415
416
417
418
419

01
02
03
Description
Adjustments/Reversals/Refunds related to transfers of a

current nature
Gifts
Annual contributions
Contributions in respect of social security schemes
Contributions in respect of charitable, religious and cultural
(excluding research and development)
Other donations / aid to Government
Other donations / aid to private sector
Pensions
Annuities (pension related)
Inheritances
Alimony
Tax - Income tax
Tax - VAT refunds
Tax - Other
Insurance premiums (non life/short term)
Insurance claims (non life/short term)
Insurance premiums (life)
Insurance claims (life)
Migrant worker remittances (excluding compensation)
Foreign national contract worker remittances
(excluding compensation)
Not allocated
Not allocated
Transfers of a capital nature

Capital transfers and immigrants
Grouping
Transaction
adjustments
Capital transfers
relating to
government/
corporate entities
(excluding loans)
Capital transfers by
non-resident
individuals
500
Adjustments/Reversals/Refunds related to capital transfers

and immigrants
Donations to SA Government for fixed assets
Donations to corporate entities - fixed assets
Investment into property by a non-resident corporate entity
Disinvestment of property by a resident corporate entity
501
502
503
504
510
Description
01
02
Investment into property by a non-resident individual

Investment by a non-resident individual - other
Capital transfers by South African resident individuals

Grouping
Description
Note: Categories 511/01 to 511/07 is preferred above the use of categories 514/01 to 514/07 and 515/01 to 515/07,
which will be discontinued in future
Disinvestment of
capital
511
01
02
03
04
05
Disinvestment of
capital in terms of
investment
allowance
512
513

06
07
08
01
02
03
04
05
06
07
08
Disinvestment of capital by a resident individual Shares

Disinvestment of capital by a resident individual Bonds
Disinvestment of capital by a resident individual Money market instruments
Disinvestment of capital by a resident individual
Deposits with a foreign bank
Disinvestment of capital by a resident individual
Mutual funds / collective investment schemes
Disinvestment of capital by a resident individual Property
Disinvestment of capital by a resident individual Other
Not allocated
Not allocated
Not allocated
Not allocated
Not allocated
Not allocated
Not allocated
Not allocated
Not allocated
Not allocated
Transfer of a capital nature

Grouping
Description
Note: Categories 511/01 to 511/07 is preferred above the use of categories 514/01 to 514/07, which will be discontinued in future
Disinvestment of
capital to a resident
Foreign Currency
account
514
01
02
03
04
05
06
07
08

Disinvestment of capital by a resident individual in respect of

cross-border flows originating from a foreign source into a
foreign currency account held at an Authorised Dealer in
South Africa Shares
South Africa Bonds
South Africa Money market Instruments
foreign currency account held at an Authorised Dealer in South
Africa Withdrawal from a foreign bank account
South Africa Mutual funds / collective investment schemes
South Africa Property
South Africa Other
Not allocated

Grouping
Description
Note: Categories 511/01 to 511/07 is preferred above the use of categories 515/01 to 515/07, which will be discontinued in future
Disinvestment of
capital
515
01
02
03
04
05
06
07
08
516
517
Immigrants
530
01
02
03
04
05
06
07
08
531
532
Disinvestment of capital repatriated in respect of an individual

investment Shares
investment Bonds
investment Money market Instruments
investment Deposit with a foreign bank
investment Mutual funds / collective investment schemes
investment Property
investment Other
Not allocated
Repatriation of capital, on instruction by the Financial
Surveillance Department, of a foreign investment by a resident
individual in respect of cross-border flows
Repatriation of capital, on instruction by the Financial
Surveillance Department, of a foreign investment by a resident
individual originating from an account conducted in foreign
currency held at an Authorised Dealer in South Africa
Immigration
Not allocated
Not allocated
Not allocated
Not allocated
Not allocated
Not allocated
Not allocated
Not allocated
Not allocated
Financial investments/disinvestments and prudential investments

Grouping
Transaction
adjustments

600
Description
Adjustments/Reversals/Refunds related to financial

investments/disinvestments and prudential investments
Financial investments/disinvestments (excluding local instutional investors)

Grouping
Investment by a
non-resident
601
602
603
Disinvestment by a
resident corporate
entity
604
605
01
02
01
02
01
02
03
04
05
06
07
08
09
Inward listed
investments
610
611
612
613

10
01
02
03
04
01
02
03
04
01
02
03
04
01
02
03
04
Description
Investment in listed shares by a non-resident

Investment in non-listed shares by a non-resident
Investment into money market instruments by a non-resident
Investment into listed bonds by a non-resident (excluding loans)
Investment into non-listed bonds by a non-resident
(excluding loans)
Not allocated
Disinvestment of shares by resident - Agriculture, hunting,
forestry and fishing
Disinvestment of shares by resident - Mining, quarrying and
exploration
Disinvestment of shares by resident Manufacturing
Disinvestment of shares by resident - Electricity, gas and
water supply
Disinvestment of shares by resident Construction
Disinvestment of shares by resident - Wholesale, retail,
repairs, hotel and restaurants
Disinvestment of shares by resident - Transport and
communication
Disinvestment of shares by resident - Financial services
Disinvestment of shares by resident - Community, social and
personal services
Not allocated
Inward listed securities equity individual buy back
Inward listed securities equity corporate buy back
Inward listed securities equity bank buy back
Inward listed securities equity institution buy back
Inward listed securities debt individual redemption
Inward listed securities debt corporate redemption
Inward listed securities debt bank redemption
Inward listed securities debt institution redemption
Inward listed securities derivatives individual proceeds
Inward listed securities derivatives corporate proceeds
Inward listed securities derivatives bank proceeds
Inward listed securities derivatives institution proceeds
Not allocated
Not allocated
Not allocated
Not allocated

Grouping
Prudential
investments
(Institutional
investors and
banks)
615
01
02
03
04
05
616
617
618
Description
Disinvestment by resident institutional investor

Asset Manager
Disinvestment by resident institutional investor - Collective
Investment Scheme
Disinvestment by resident institutional investor Retirement Fund
Disinvestment by resident institutional investor - Life Linked
Disinvestment by resident institutional investor Life Non Linked
Bank prudential disinvestment
Not allocated
Not allocated
Derivatives
Grouping
Transaction
adjustments
Derivatives
(excluding inward
listed)
700
701
702
703
704
705
706
707

Description
Adjustments/Reversals/Refunds related to derivatives

01
02
01
02
01
02
01
02
01
02
Options listed
Options unlisted
Futures listed
Futures unlisted
Warrants listed
Warrants unlisted
Gold hedging listed
Gold hedging unlisted
Derivative not specified above listed
Derivative not specified above unlisted
Not allocated
Not allocated
Loans and miscellaneous payments

Grouping
Transaction
adjustments
800
Description
Adjustments/Reversals/Refunds related to loans and

miscellaneous payments
Loans (capital portion)

Grouping
Loans granted to
residents
Loans repaid by
residents
temporarily abroad
Loans repaid by
non-residents
Miscellaneous
payments
801
802
803
804
805
810
Trade finance loan drawn down in South Africa

International Bond drawn down
Loan made to a resident by a non-resident shareholder
Loan made to a resident by a non-resident third party
Not allocated
Repayment by a resident temporarily abroad of a loan granted
by a resident
815
816
817
818
Repayment of an individual loan to a resident

Repayment of a study loan to a resident
Repayment of a shareholders loan to a resident
Repayment of a third party loan to a resident
(excluding shareholders)
Repayment of a trade finance loan to a resident
Not allocated
Details of payments not classified
Not allocated
Rand drafts/cheques drawn on vostro accounts
(Only applicable if no description is available)
Credit/Debit card company settlement as well as money
remitter settlements
Not allocated
Not allocated
Not allocated
819
820
830
831
832
833
834
835
836

Description
Balance of Payment categories - outward payments

The Balance of Payment categories consists of a category and in some cases a sub-category is also applicable.
Merchandise
Grouping
Transaction
adjustments
Imports: Advance
payments (not in
terms of import
undertaking)
100
Imports: Advance
payments (in terms
of import
undertaking)
102

101
Description
Adjustments/Reversals/Refunds applicable to merchandise

01
02
03
04
05
06
07
08
09
10
11
01
02
03
04
05
06
07
08
09
10
11
Import advance payment (excluding capital goods, gold, platinum,

crude oil, refined petroleum products, diamonds, steel, coal, iron
ore and goods imported via the South African Post Office)
Import advance payment capital goods
Import advance payment gold
Import advance payment platinum
Import advance payment crude oil
Import advance payment refined petroleum products
Import advance payment diamonds
Import advance payment steel
Import advance payment coal
Import advance payment iron ore
Import advance payment - goods imported via the
Import advance payment (excluding capital goods, gold,
steel, coal and iron ore)
Import advance payment capital goods
Import advance payment gold
Import advance payment platinum
Import advance payment - crude oil
Import advance payment refined petroleum products
Import advance payment - diamonds
Import advance payment steel
Import advance payment coal
Import advance payment iron ore
Import advance payment - goods imported via the
Merchandise
Grouping
Imports: (excluding
advance payments
and not in terms of
import undertaking)
103
Import : (excluding
advance payments
but in terms of
import undertaking)
104

01
02
03
04
05
06
07
08
09
10
11
01
02
03
04
05
06
07
08
09
10
11
Description
Import payment (excluding capital goods, gold, platinum,

iron ore and goods imported via the South African Post Office)
Import payment capital goods
Import payment gold
Import payment platinum
Import payment crude oil
Import payment refined petroleum products
Import payment diamonds
Import payment steel
Import payment coal
Import payment iron ore
Import payment - goods imported via the South African
Post Office
Import payment (excluding capital goods, gold, platinum,
iron ore and goods imported via the South African Post Office)
Import payment capital goods
Import payment gold
Import payment platinum
Import payment crude oil
Import payment refined petroleum products
Import payment diamonds
Import payment steel
Import payment coal
Import payment iron ore
Import payment - goods imported via the South African
Post Office
Merchandise
Grouping
Imports: Other
105
106
107
108
109
01
02
03
04
05
06
07
08
09
10
110
111
112

Description
Consumables acquired in port

Repayment of trade finance for imports
Import payments where the Customs value of the shipment is
less than R500
Import payments where goods were declared as part of
passenger baggage and no MRN is available
Payments for goods purchased from non-residents in cases
where no physical import will take place, excluding gold,
steel, coal and iron ore as well as merchanting transactions
Payments for gold purchased from non-residents in cases
where no physical import will take place, excluding
Payments for platinum purchased from non-residents in cases
Payments for crude oil purchased from non-residents in cases
Payments for refined petroleum products purchased from
non-residents in cases where no physical import will take
place, excluding merchanting transactions
Payments for diamonds purchased from non-residents in
cases where no physical import will take place, excluding
Payments for steel purchased from non-residents in cases
Payments for coal purchased from non-residents in cases
Payments for iron ore purchased from non-residents in cases
Not allocated
Merchanting transaction
Not allocated
Not allocated

Grouping
Transaction
adjustments
Charges for the use
of intellectual
property
Acquisition of
intellectual
property (excluding
computer related
and audiovisual)
Research and
development
Audiovisual and
related items
Computer software
and related items
200
201
202
203
204
205
210
211
212
213
220
221
225
226
230
231
232
233
234
235
236
Technical related
services
240
01
02
03
04
05
06
07
08
09
241
242
243

Description
Adjustments/Reversals/Refunds applicable to intellectual

property and service related items
Rights obtained for licences to reproduce and/or distribute
Rights obtained for using patents and inventions (licensing)
Rights obtained for using patterns and designs (including
industrial processes)
Rights obtained for using copyrights
Rights obtained for using franchises and trademarks
Acquisition of patents and inventions
Acquisition of patterns and designs (including industrial
processes)
Acquisition of copyrights
Acquisition of franchises and trademarks
Payments for research and development services
Funding for research and development
Acquisition of original manuscripts, sound recordings and films
Payment relating to the production of motion pictures, radio
and television programs and musical recordings
The outright purchasing of ownership rights of software
Computer-related services including maintenance, repair and
consultancy
Commercial purchases of customised software and related
licenses to use
Commercial purchases of non-customised software on
physical media with periodic licence to use
Commercial purchases of non-customised software provided
on physical media with right to perpetual (ongoing) use
Commercial purchases of non-customised software
downloaded or electronically acquired with periodic license
Commercial purchases of non-customised software
downloaded or electronically acquired with single payment
Fees for processing - processing done on materials (excluding
gold, platinum, crude oil, refined petroleum products,
diamonds, steel, coal and iron ore)
Fees for processing - processing done on gold
Fees for processing - processing done on platinum
Fees for processing - processing done on crude oil
Fees for processing - processing done on refined petroleum
products
Fees for processing - processing done on diamonds
Fees for processing - processing done on steel
Fees for processing - processing done on coal
Fees for processing - processing done on iron ore
Repairs and maintenance on machinery and equipment
Architectural, engineering and other technical services
Agricultural, mining, waste treatment and depollution services

Grouping
Travel services for

non-residents
Travel services for
residents
Travel services in
respect of third
parties
Telecommunication
and information
services
Transportation
services
250
251
252
255
256
260
275
276
280
Travel services for non-residents - business travel

Travel services for non-residents - holiday travel
Not allocated
Travel services for residents - business travel
Travel services for residents - holiday travel
Payment for travel services in respect of third parties business travel
Payment for travel services in respect of third parties holiday travel
Payment for telecommunication services
Payment for information services including data, news related
and news agency fees
Payment for passenger services road
Payment for passenger services rail
Payment for passenger services sea
Payment for passenger services air
Payment for freight services road
Payment for freight services rail
Payment for freight services sea
Payment for freight services air
Payment for other transport services road
Payment for other transport services rail
Payment for other transport services sea
Payment for other transport services air
Payment for postal and courier services road
Payment for postal and courier services rail
Payment for postal and courier services sea
Payment for postal and courier services air
Commission and fees
Financial service fees charged for advice provided
Payment for construction services
281
282
285
Payment for government services

Diplomatic transfers
Tuition fees
261
265
266
270
271
272
273
Financial services
obtained
Construction
services
Government
services
Study related
services

Description
01
02
03
04
01
02
03
04
01
02
03
04
01
02
03
04

Grouping
Other business
services obtained

287
288
289
290
291
292
293
294
295
296
297
298
299
Description
Payment for legal services

Payment for accounting services
Payment for management consulting services
Payment for public relation services
Payment for advertising & market research services
Payment for managerial services
Payment for medical and dental services
Payment for educational services
Operational leasing
Payment for cultural and recreational services
Payment for other business services not included elsewhere
Not allocated
Not allocated
Transactions relating to income and yields on financial assets

Grouping
Transaction
adjustments
Income payments
300
301
302
303
304
305
306
307
308
309
310
311
312
313
314
315

01
02
03
04
05
06
07
08
01
02
03
04
01
02
03
04
01
02
03
04
Description
Adjustments/Reversals/Refunds related to income and

yields on financial assets
Dividends
Branch profits
Compensation paid by a resident to a resident employee
temporarily abroad (excluding remittances)
Compensation paid by a resident to a non-resident employee
(excluding remittances)
Compensation paid by a resident to a migrant worker employee
(excluding remittances)
Compensation paid by a resident to a foreign national contract
worker employee (excluding remittances)
Commission or brokerage
Rental
Not allocated
Not allocated
Not allocated
Interest paid to a non-resident in respect of shareholders loans
Interest paid to a non-resident in respect of third party loans
Interest paid to a non-resident in respect of trade finance loans
Interest paid to a non-resident in respect of a bond
Interest paid not in respect of loans
Not allocated
Not allocated
Not allocated
Not allocated
Not allocated
Not allocated
Not allocated
Not allocated
Fee in respect of inward listed securities derivatives individual
Fee in respect of inward listed securities derivatives corporate
Fee in respect of inward listed securities derivatives bank
Fee in respect of inward listed securities derivatives institution
Not allocated
Not allocated
Not allocated
Transfer of a current nature

Grouping
Transaction
adjustments
Current payments
400
401
402
403
404
405
406
407
408
409
410
411
412
413
414
415
416
417
418
419

01
02
03
Description
Adjustments/Reversals/Refunds related to transfers of a

current nature
Gifts
Annual contributions
Contributions in respect of social security schemes
Contributions in respect of foreign charitable, religious and
cultural (excluding research and development)
Other donations / aid to a foreign Government (excluding
research and development)
Other donations / aid to a foreign private sector (excluding
research and development)
Pensions
Annuities (pension related)
Inheritances
Alimony
Tax - Income tax
Tax - VAT refunds
Tax Other
Insurance premiums (non life/short term)
Insurance claims (non life/short term)
Insurance premiums (life)
Insurance claims (life)
Migrant worker remittances (excluding compensation)
Foreign national contract worker remittances (excluding
compensation)
Not allocated
Not allocated
Transfers of a capital nature

Capital transfers and emigrants
Grouping
Transaction
adjustments
Capital transfers
relating to
government/
corporate entities
(excluding loans)
Capital transfers by
non-resident
individuals

500
Adjustments/Reversals/Refunds related to capital transfers

and emigrants
Donations by SA Government for fixed assets
Donations by corporate entities for fixed assets
Disinvestment of property by a non-resident corporate entity
Investment into property by a resident corporate entity
501
502
503
504
510
Description
01
02
Disinvestment of property by a non-resident individual

Disinvestment by a non-resident individual - other

Grouping
Description
Note: Categories 511/01 to 511/07 is preferred above the use of categories 514/01 to 514/07 and 515/01 to 515/07, which will
be discontinued in future
Investment not
related to the
investment
allowance
511
01
02
03
04
05
06
07
Investment in
terms of
investment
allowance
512
08
01
02
03
04
05
06
07
08
513

Investment by a resident individual not related to the

investment allowance Shares
investment allowance Bonds
investment allowance - Money market instruments
investment allowance Deposits with a foreign bank
investment allowance Mutual funds / collective investment
schemes
investment allowance Property
investment allowance Other
Not allocated
Foreign investment by a resident individual in respect of the
investment allowance Shares
investment allowance Bonds
investment allowance Money market instruments
investment allowance Deposits with a foreign bank
investment allowance Mutual funds / collective investment
schemes
investment allowance Property
investment allowance Other
Not allocated
Investment by a resident individual originating from a local
source into an account conducted in foreign currency held at
an Authorised Dealer in South Africa

Grouping
Description
Note: Categories 511/01 to 511/07 is preferred above the use of categories 514/01 to 514/07, which will be discontinued
in future
Investment from a
resident Foreign
Currency account
514
01
02
03
04
05
06
07
08

Foreign investment by a resident individual in respect of

cross-border flows originating from a foreign currency account
held at an Authorised Dealer in South Africa Shares
cross-border flows originating from a foreign currency
account held at an Authorised Dealer in South Africa Bonds
cross-border flows originating from a foreign currency
account held at an Authorised Dealer in South Africa
Money market Instruments
held at an Authorised Dealer in South Africa Deposit into a
foreign bank account
held at an Authorised Dealer in South Africa - Mutual funds /
collective investment schemes
held at an Authorised Dealer in South Africa Property
held at an Authorised Dealer in South Africa Other
Not allocated

Grouping
Description
Note: Categories 511/01 to 511/07 is preferred above the use of categories 515/01 to 515/07, which will be discontinued
in future
Re-transfer of
capital repatriated
515
01
02
03
04
05
06
07
08
Emigrants
516
517
530
01
02
03
04
05
06
07
08
531
532
Re-transfer of capital repatriated in respect of an individual

investment Shares
investment Bonds
investment Money market Instruments
investment Deposit with a foreign bank
investment Mutual funds / collective investment schemes
investment Property
investment Other
Not allocated
Not allocated
Not allocated
Emigration foreign capital allowance fixed property
Emigration foreign capital allowance listed investments
Emigration foreign capital allowance unlisted investments
Emigration foreign capital allowance insurance policies
Emigration foreign capital allowance cash
Emigration foreign capital allowance debtors
Emigration foreign capital allowance capital distribution
from trusts
Emigration foreign capital allowance other assets
Not allocated
Not allocated
Financial investments/disinvestments and prudential investments

Grouping
Transaction
adjustments

600
Description
Adjustments/reversals/Refunds related to financial

investments/disinvestments and prudential investments
Financial investments/disinvestments (excluding local institutional investors)

Grouping
Disinvestment by a
non-resident
601
602
603
01
02
01
02
Investment by a
resident corporate
entity
604
605
01
02
03
04
05
06
07
08
09
10

Description
Listed shares - sale proceeds paid to a non-resident

Non-listed shares - sale proceeds paid to a non-resident
Disinvestment of money market instruments by a non-resident
Disinvestment of listed bonds by a non-resident
(excluding loans)
Disinvestment of non-listed bonds by a non-resident
(excluding loans)
Not allocated
Investment into shares by a resident entity - Agriculture,
hunting, forestry and fishing
Investment into shares by a resident entity - Mining, quarrying
and exploration
Investment into shares by a resident entity Manufacturing
Investment into shares by a resident entity - Electricity, gas
and water supply
Investment into shares by a resident entity Construction
Investment into shares by a resident entity - Wholesale, retail,
repairs, hotel and restaurants
Investment into shares by a resident entity - Transport and
communication
Investment into shares by a resident entity - Financial services
Investment into shares by a resident entity - Community,
social and personal services
Not allocated
Financial investments/disinvestments (excluding local institutional investors)

Grouping
Inward listed
investments
610
611
612
613
Grouping
Prudential
investments
(institutional
investors and
banks)
01
02
03
04
01
02
03
04
01
02
03
04
01
02
03
04
615
01
02
03
04
05
616
617
618
Description
Inward listed securities equity individual

Inward listed securities equity corporate
Inward listed securities equity bank
Inward listed securities equity institution
Inward listed securities debt individual
Inward listed securities debt corporate
Inward listed securities debt bank
Inward listed securities debt institution
Inward listed securities derivatives individual
Inward listed securities derivatives corporate
Inward listed securities derivatives bank
Inward listed securities derivatives institution
Not allocated
Not allocated
Not allocated
Not allocated
Description
Investment by resident institutional investor Asset Manager

Investment by resident institutional investor Collective
Investment Scheme
Investment by resident institutional investor - Retirement Fund
Investment by resident institutional investor - Life Linked
Investment by resident institutional investor - Life Non Linked
Bank prudential investment
Not allocated
Not allocated
Derivatives
Grouping
Transaction
adjustments
Derivatives
(excluding inward
listed)
700
701
702
703
704
705
706
707

Description
Adjustments/Reversals/Refunds related to derivatives

01
02
01
02
01
02
01
02
01
02
Options listed
Options unlisted
Futures listed
Futures unlisted
Warrants listed
Warrants unlisted
Gold hedging listed
Gold hedging unlisted
Derivative not specified above listed
Derivative not specified above unlisted
Not allocated
Not allocated
Loan and miscellaneous payments

Grouping
Transaction
adjustments
800
Description
Adjustments/Reversals/Refunds related to loan and

miscellaneous payments
Loans (capital portion)

Grouping
Loan repayments
by residents
801
802
803
804
Loans granted to
residents
temporarily abroad
Loans granted to
non-residents
Miscellaneous
payments
805
810
815
816
817
818
819
820
830
831
832
833
834
835
836

Description
Repayment of trade finance drawn down in South Africa

Repayment of an international Bond drawn down
Repayment by a resident of a loan received from a
non-resident shareholder
Repayment by a resident of a loan received from a
non-resident third party
Not allocated
Loan made by a resident to a resident temporarily abroad
Individual loan to a non-resident

Study loan to a non-resident
Shareholders loan to a non-resident
Third party loan to a non-resident (excluding shareholders)
Trade finance to a non-resident
Not allocated
Details of payments not classified
Rand collections for the credit of vostro accounts
Not allocated
Credit/Debit card company settlement as well as money
remitter settlements
Not allocated
Not allocated
Not allocated
Nedbank 135 Rivonia Campus

135 Rivonia Road Sandown Sandton 2196
PO Box 1144 Johannesburg 2000 South Africa
Tel: +27 (0)11 294 4444
Web: www.nedbank.co.za
Nedbank Limited Reg No 1951/000009/06,
VAT Reg No 4320116074. We subscribe to the Code of
Banking Practice of The Banking Association South
Africa and, for unresolved disputes, support resolution
through the Ombudsman for Banking Services. We
are an authorised financial services provider. We are a
registered credit provider in terms of the National
Credit Act (NCR Reg No NCRCP16).
Published July 2013

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GLOBAL TRADE

Balance of Payment categories - inward payments

Adjustments/Reversals/Refunds applicable to merchandise

1 | GLOBAL TRADE NEWS

Export advance payment (excluding capital goods, gold,

2 | GLOBAL TRADE NEWS

Intellectual property and other services

3 | GLOBAL TRADE NEWS

Adjustments/Reversals/Refunds applicable to intellectual

Intellectual property and other services

Travel services for

Travel services for non-residents - business travel

Proceeds for government services

Proceeds for legal services

4 | GLOBAL TRADE NEWS

Transactions relating to income and yields on financial assets

5 | GLOBAL TRADE NEWS

Adjustments/Reversals/Refunds related to income and yields

Transfers of a current nature

6 | GLOBAL TRADE NEWS

Adjustments/Reversals/Refunds related to transfers of a

Transfers of a capital nature

Adjustments/Reversals/Refunds related to capital transfers

Investment into property by a non-resident individual

Capital transfers by South African resident individuals

7 | GLOBAL TRADE NEWS

Disinvestment of capital by a resident individual Shares

Transfer of a capital nature

Capital transfers by South African resident individuals

8 | GLOBAL TRADE NEWS

Disinvestment of capital by a resident individual in respect of

Transfer of a capital nature

Capital transfers by South African resident individuals

Disinvestment of capital repatriated in respect of an individual

Financial investments/disinvestments and prudential investments

9 | GLOBAL TRADE NEWS

Adjustments/Reversals/Refunds related to financial

Transfer of a capital nature

Financial investments/disinvestments (excluding local instutional investors)

10 | GLOBAL TRADE NEWS

Investment in listed shares by a non-resident

Transfer of a capital nature

Disinvestment by resident institutional investor

11 | GLOBAL TRADE NEWS

Adjustments/Reversals/Refunds related to derivatives

Loans and miscellaneous payments

Adjustments/Reversals/Refunds related to loans and

Loans (capital portion)

Trade finance loan drawn down in South Africa

Repayment of an individual loan to a resident

12 | GLOBAL TRADE NEWS

Balance of Payment categories - outward payments

13 | GLOBAL TRADE NEWS

Adjustments/Reversals/Refunds applicable to merchandise

Import advance payment (excluding capital goods, gold, platinum,

14 | GLOBAL TRADE NEWS

Import payment (excluding capital goods, gold, platinum,

15 | GLOBAL TRADE NEWS

Consumables acquired in port