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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

Category Sub-category

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

2 | GLOBAL TRADE NEWS


FINANCIAL SURVEILLANCE (FINSURV)
BALANCE OF PAYMENT (BOP) CATEGORIES

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
physical export will take place, excluding merchanting
transactions
Proceeds for crude oil purchased by non residents where no
physical export will take place, excluding merchanting
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
physical export will take place, excluding merchanting
transactions
Proceeds for steel purchased by non residents where no
physical export will take place, excluding merchanting
transactions
Proceeds for coal purchased by non residents where no
physical export will take place, excluding merchanting
transactions
Proceeds for iron ore purchased by non residents where no
physical export will take place, excluding merchanting
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

Category Sub-category

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

3 | GLOBAL TRADE NEWS


FINANCIAL SURVEILLANCE (FINSURV)
BALANCE OF PAYMENT (BOP) CATEGORIES

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

Intellectual property and other services


Grouping

Travel services for


non-residents
Travel services for
residents
Travel services in
respect of third
parties
Telecommunication
and information
services
Transportation
services

Category Sub-category

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

4 | GLOBAL TRADE NEWS


FINANCIAL SURVEILLANCE (FINSURV)
BALANCE OF PAYMENT (BOP) CATEGORIES

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

Category Sub-category

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

5 | GLOBAL TRADE NEWS


FINANCIAL SURVEILLANCE (FINSURV)
BALANCE OF PAYMENT (BOP) CATEGORIES

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
Income in respect of inward listed securities derivatives
corporate
Income in respect of inward listed securities derivatives bank
Income in respect of inward listed securities derivatives
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

Category Sub-category

400
401
402
403
404
405
406
407
408
409
410
411

412
413
414
415
416
417
418
419

6 | GLOBAL TRADE NEWS


FINANCIAL SURVEILLANCE (FINSURV)
BALANCE OF PAYMENT (BOP) CATEGORIES

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
(excluding research and development)
Other donations / aid to 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 immigrants
Grouping

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

Category Sub-category

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

Category Sub-category

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

7 | GLOBAL TRADE NEWS


FINANCIAL SURVEILLANCE (FINSURV)
BALANCE OF PAYMENT (BOP) CATEGORIES

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

Capital transfers by South African resident individuals


Grouping

Category Sub-category

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

8 | GLOBAL TRADE NEWS


FINANCIAL SURVEILLANCE (FINSURV)
BALANCE OF PAYMENT (BOP) CATEGORIES

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
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 Bonds
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 Money market Instruments
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 Withdrawal from a foreign bank account
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 Mutual funds / collective investment schemes
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 Property
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 Other
Not allocated

Transfer of a capital nature

Capital transfers by South African resident individuals


Grouping

Category Sub-category

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
Disinvestment of capital repatriated in respect of an individual
investment Bonds
Disinvestment of capital repatriated in respect of an individual
investment Money market Instruments
Disinvestment of capital repatriated in respect of an individual
investment Deposit with a foreign bank
Disinvestment of capital repatriated in respect of an individual
investment Mutual funds / collective investment schemes
Disinvestment of capital repatriated in respect of an individual
investment Property
Disinvestment of capital repatriated in respect of an individual
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

9 | GLOBAL TRADE NEWS


FINANCIAL SURVEILLANCE (FINSURV)
BALANCE OF PAYMENT (BOP) CATEGORIES

Category Sub-category

600

Description

Adjustments/Reversals/Refunds related to financial


investments/disinvestments and prudential investments

Transfer of a capital nature

Financial investments/disinvestments (excluding local instutional investors)


Grouping

Investment by a
non-resident

Category Sub-category

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 | GLOBAL TRADE NEWS


FINANCIAL SURVEILLANCE (FINSURV)
BALANCE OF PAYMENT (BOP) CATEGORIES

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

Transfer of a capital nature


Grouping

Prudential
investments
(Institutional
investors and
banks)

Category Sub-category

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)

Category Sub-category

700
701
702
703
704
705
706
707

11 | GLOBAL TRADE NEWS


FINANCIAL SURVEILLANCE (FINSURV)
BALANCE OF PAYMENT (BOP) CATEGORIES

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

Category Sub-category

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

Category Sub-category

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

12 | GLOBAL TRADE NEWS


FINANCIAL SURVEILLANCE (FINSURV)
BALANCE OF PAYMENT (BOP) CATEGORIES

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

Category Sub-category

Transaction
adjustments
Imports: Advance
payments (not in
terms of import
undertaking)

100

Imports: Advance
payments (in terms
of import
undertaking)

102

13 | GLOBAL TRADE NEWS


FINANCIAL SURVEILLANCE (FINSURV)
BALANCE OF PAYMENT (BOP) CATEGORIES

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
South African Post Office
Import advance payment (excluding capital goods, gold,
platinum, crude oil, refined petroleum products, diamonds,
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
South African Post Office

Merchandise
Grouping

Category Sub-category

Imports: (excluding
advance payments
and not in terms of
import undertaking)

103

Import : (excluding
advance payments
but in terms of
import undertaking)

104

14 | GLOBAL TRADE NEWS


FINANCIAL SURVEILLANCE (FINSURV)
BALANCE OF PAYMENT (BOP) CATEGORIES

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,


crude oil, refined petroleum products, diamonds, steel, coal,
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,
crude oil, refined petroleum products, diamonds, steel, coal,
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

Category Sub-category

105
106
107
108
109

01

02

03

04

05

06

07

08

09

10
110
111
112

15 | GLOBAL TRADE NEWS


FINANCIAL SURVEILLANCE (FINSURV)
BALANCE OF PAYMENT (BOP) CATEGORIES

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,
platinum, crude oil, refined petroleum products, diamonds,
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
merchanting transactions
Payments for platinum purchased from non-residents in cases
where no physical import will take place, excluding
merchanting transactions
Payments for crude oil purchased from non-residents in cases
where no physical import will take place, excluding
merchanting transactions
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
merchanting transactions
Payments for steel purchased from non-residents in cases
where no physical import will take place, excluding
merchanting transactions
Payments for coal purchased from non-residents in cases
where no physical import will take place, excluding
merchanting transactions
Payments for iron ore purchased from non-residents in cases
where no physical import will take place, excluding
merchanting transactions
Not allocated
Merchanting transaction
Not allocated
Not allocated

Intellectual property and other services


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

Category Sub-category

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

16 | GLOBAL TRADE NEWS


FINANCIAL SURVEILLANCE (FINSURV)
BALANCE OF PAYMENT (BOP) CATEGORIES

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

Intellectual property and other services


Grouping

Travel services for


non-residents
Travel services for
residents
Travel services in
respect of third
parties
Telecommunication
and information
services
Transportation
services

Category Sub-category

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

17 | GLOBAL TRADE NEWS


FINANCIAL SURVEILLANCE (FINSURV)
BALANCE OF PAYMENT (BOP) CATEGORIES

Description

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

Intellectual property and other services


Grouping

Other business
services obtained

18 | GLOBAL TRADE NEWS


FINANCIAL SURVEILLANCE (FINSURV)
BALANCE OF PAYMENT (BOP) CATEGORIES

Category Sub-category

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

Category Sub-category

300
301
302
303
304
305
306
307
308
309

310

311

312

313
314
315

19 | GLOBAL TRADE NEWS


FINANCIAL SURVEILLANCE (FINSURV)
BALANCE OF PAYMENT (BOP) CATEGORIES

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

Category Sub-category

400
401
402
403
404
405
406
407
408
409
410
411

412
413
414
415
416
417
418
419

20 | GLOBAL TRADE NEWS


FINANCIAL SURVEILLANCE (FINSURV)
BALANCE OF PAYMENT (BOP) CATEGORIES

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

21 | GLOBAL TRADE NEWS


FINANCIAL SURVEILLANCE (FINSURV)
BALANCE OF PAYMENT (BOP) CATEGORIES

Category Sub-category

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

Transfer of a capital nature

Capital transfers by South African resident individuals


Grouping

Category Sub-category

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

22 | GLOBAL TRADE NEWS


FINANCIAL SURVEILLANCE (FINSURV)
BALANCE OF PAYMENT (BOP) CATEGORIES

Investment by a resident individual not related to the


investment allowance Shares
Investment by a resident individual not related to the
investment allowance Bonds
Investment by a resident individual not related to the
investment allowance - Money market instruments
Investment by a resident individual not related to the
investment allowance Deposits with a foreign bank
Investment by a resident individual not related to the
investment allowance Mutual funds / collective investment
schemes
Investment by a resident individual not related to the
investment allowance Property
Investment by a resident individual not related to the
investment allowance Other
Not allocated
Foreign investment by a resident individual in respect of the
investment allowance Shares
Foreign investment by a resident individual in respect of the
investment allowance Bonds
Foreign investment by a resident individual in respect of the
investment allowance Money market instruments
Foreign investment by a resident individual in respect of the
investment allowance Deposits with a foreign bank
Foreign investment by a resident individual in respect of the
investment allowance Mutual funds / collective investment
schemes
Foreign investment by a resident individual in respect of the
investment allowance Property
Foreign investment by a resident individual in respect of the
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

Transfer of a capital nature

Capital transfers by South African resident individuals


Grouping

Category Sub-category

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

23 | GLOBAL TRADE NEWS


FINANCIAL SURVEILLANCE (FINSURV)
BALANCE OF PAYMENT (BOP) CATEGORIES

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
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 Bonds
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
Money market Instruments
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 Deposit into a
foreign bank account
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 - Mutual funds /
collective investment schemes
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 Property
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 Other
Not allocated

Transfer of a capital nature

Capital transfers by South African resident individuals


Grouping

Category Sub-category

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
Re-transfer of capital repatriated in respect of an individual
investment Bonds
Re-transfer of capital repatriated in respect of an individual
investment Money market Instruments
Re-transfer of capital repatriated in respect of an individual
investment Deposit with a foreign bank
Re-transfer of capital repatriated in respect of an individual
investment Mutual funds / collective investment schemes
Re-transfer of capital repatriated in respect of an individual
investment Property
Re-transfer of capital repatriated in respect of an individual
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

24 | GLOBAL TRADE NEWS


FINANCIAL SURVEILLANCE (FINSURV)
BALANCE OF PAYMENT (BOP) CATEGORIES

Category Sub-category

600

Description

Adjustments/reversals/Refunds related to financial


investments/disinvestments and prudential investments

Transfer of a capital nature

Financial investments/disinvestments (excluding local institutional investors)


Grouping

Disinvestment by a
non-resident

Category Sub-category

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

25 | GLOBAL TRADE NEWS


FINANCIAL SURVEILLANCE (FINSURV)
BALANCE OF PAYMENT (BOP) CATEGORIES

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

Transfer of a capital nature

Financial investments/disinvestments (excluding local institutional investors)


Grouping

Inward listed
investments

Category Sub-category

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

Category Sub-category

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)

Category Sub-category

700
701
702
703
704
705
706
707

26 | GLOBAL TRADE NEWS


FINANCIAL SURVEILLANCE (FINSURV)
BALANCE OF PAYMENT (BOP) CATEGORIES

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

Category Sub-category

800

Description

Adjustments/Reversals/Refunds related to loan and


miscellaneous payments

Loans (capital portion)


Grouping

Loan repayments
by residents

Category Sub-category

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

27 | GLOBAL TRADE NEWS


FINANCIAL SURVEILLANCE (FINSURV)
BALANCE OF PAYMENT (BOP) CATEGORIES

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