Notes for foreign currency payments at HSBC

Transcription

1 Notes for foreign currency payments at HSBC There are some foreign currencies that require on the part of HSBC specific indications to process payment orders Currently, this applies to the following currencies: Mexican Peso MXN (as at 05/2014) Russian Rouble RUB (as at 02/2015) Chinese Renminbi CNH (as at 09/2014) Chinese Renminbi CNY (as at 07/2014) In the following these requirements are specified for each currency HSBC Trinkaus & Burkhardt AG Postfach , Düsseldorf Königsallee 21/23, Düsseldorf Phone Fax PCM PM

2 Mexican Peso MXN Special terms of HSBC for payments in MXN (as at 05/2014) Mandatory requirements For payments processed in MXN the beneficiary account number has to be indicated as in form of the CLABE (Clave Bancaria Estandarizada = standardised bank code) If the beneficiary is a private person or a corporate client the CLABE consists of 18 digits and follows this structure: Bank Code Branch Office Code Account Number Control Digits 3 Digits 3 Digits 11 Digits 1 Digit 2

3 Russian Rouble RUB Special terms of HSBC for payments in RUB (as at 02 / 2015) For payments in RUB the following points have to be considered: 1 Mandatory requirements For payments denominated in RUB the payment orders require these additional indications: Full name of the beneficiary, incl type of ownership (ie OOO, ZAO, OAO) Tax-ID (INN) or new Tax-ID (KPP) Account number of the beneficiary (20-digits) Full name of the beneficiary s bank and location BIK (9 digits) and account number of the beneficiary s bank at the central bank (20-digits) Reason for the payment incl currency transaction code (5 digit VO code) Reference to VAT (included in the payment amount / not included/ VAT not applicable) A list of the latest common VO codes is attached to this document 2 Cut-off time The cut-off time for RUB - payment orders is 13:00 (CET) 3 Fees In line with common practice in the Russian domestic clearing system, RUB payment orders will be forwarded without deduction; therefore the Bank will only accept and forward payment orders with charge instructions "OUR" Hence, the payment amount will be credited in full to the beneficiary s bank Fees are subject to a further agreement between the customer and the bank 3

4 Appendix Russian Rouble RUB List of Currency Transactions and Other Transactions of Resident and Non- Residents Annex No 2 To Instruction of the Bank of Russia No138-И dated June 4, 2012 Disclosure of documents and information on currency transactions by residents and non-residents to authorized banks; procedure of deal passport preparation; accounting and control of currency transactions by authorized banks Code Type of transaction 02 Cash-free currency conversion by non-residents Purchase of Russian currency by non-resident with foreign currency Sale of Russian currency by non-resident for foreign currency 10 Foreign trade payments between residents and non-residents related to export from Russian Federation including aircraft, seacraft, inner waterways vessels and space facilities Advance payments by non-residents to residents for goods exported from Russia including payments under commission agreement (agency contract, mandate agreement), except payments of Group 22 in this List Payments by non-resident in the event when resident provides deferral of payment for goods exported from Russia including payments under commission agreement (agency contract, mandate agreement) (deferral of payment), except payments of Group 22 in this List 11 Foreign trade payments between residents and non-residents related to import into Russian Federation including aircraft, seacraft, inner waterways vessels and space facilities Refunds by non-resident to resident of overpayment received during import into Russia, except payments under Code Payments between residents and non-residents for goods sold without import into Russian Federation Payments by non-resident to resident for goods sold outside Russia without import into Russia except payments under Codes 22110, 22210, Refunds by non-resident to resident of overpayment received for goods sold outside Russia, except payments under Code Payments between residents and non-residents for goods sold in Russian Federation Payments by non-resident to resident for goods sold in Russia except payments under Codes 22110, 22210, Refunds by non-resident to resident of overpayment received for goods sold in Russia, except payments under Code Foreign trade payments between residents and non-residents related to works, services, information and intellectual assets (including exclusive rights thereto) provided by residents, and under agreements on lease of movable property and/or real estate excluding financial lease agreements Advance payments by non-residents to residents for works, services, information and intellectual assets (including exclusive rights thereto) provided by residents including payments under commission agreement (agency contract, mandate agreement), except payments under code 20400, payments specified in Group 22 in this List, and remuneration payments to resident broker under brokerage service agreement (Group 58 in this List) Payments by non-residents to residents for works, services, information and intellectual assets (including exclusive rights thereto) provided by residents including payments under 4

5 commission agreement (agency contract, mandate agreement) (deferred payment), except payments under code 20400, payments specified in Group 22 in this List, and remuneration payments to resident broker under brokerage service agreement (Group 58 in this List) Payments by non-residents to residents under agreement on lease of movable property and/or real estate excluding payments under financial lease agreement Payments by non-resident principal to resident commission agent for goods, works, services, information and intellectual assets (including exclusive rights thereto) obtained from third parties for non-resident under commission agreement (agency contract, mandate agreement), except payments of Group 58 in this List 21 Foreign trade payments between residents and non-residents related to works, services, information and intellectual assets (including exclusive rights thereto) provided by non-residents, and under agreements on lease of movable property and/or real estate excluding financial lease agreements Payments by non-resident commission agent to resident principal for non-resident s services in selling goods, works, services, information and intellectual assets (including exclusive rights thereto) of resident under commission agreement (agency contract, mandate agreement), except payments of Group 58 in this List Refunds by non-resident to resident of overpayment received for works, services, information and intellectual assets (including exclusive rights thereto) provided by non-resident, except payments of Groups 22 and 58 in this List 22 Foreign trade payments between residents and non-residents related to works, services, information and intellectual assets (including exclusive rights thereto) provided by residents under mixed type* agreements / contracts Advance payments by a non-resident (eg principal) to a resident (eg commission agent) for goods exported from Russia and provided works, services, information and intellectual assets (including exclusive rights thereto), except payments under Code and remuneration payments to resident broker under brokerage service agreement (Group 58 in this List) Advance payments by non-resident to resident for works, services, information and intellectual assets (including exclusive rights thereto) provided by resident under agreements / contracts named in Clause 512 of this Instruction Payments by a non-resident (eg principal) in the event when a resident (eg commission agent) provides deferral of payment for goods exported from Russia and provided works, services, information and intellectual assets (including exclusive rights thereto) (deferral of payment), except payments under Code and remuneration payments to resident broker under brokerage service agreement (Group 58 in this List) Payments by non-resident in the event when resident provides deferral of payment for works, services, information and intellectual assets (including exclusive rights thereto) provided by resident under agreements / contracts named in Clause 512 of this Instruction (deferral of payment) Payments by non-resident to resident under financial lease agreement 23 Foreign trade payments between residents and non-residents related to works, services, information and intellectual assets (including exclusive rights thereto) provided by non-residents under mixed type agreements / contracts Refunds by non-resident to resident of overpayment received under mixed type agreements / contracts 30 Payments between residents and non-residents related to purchase of real estate, excluding payments for aircraft, seacraft, inner waterways vessels and space facilities Payments by non-resident to resident for real estate purchased outside Russia including payments related to non-resident s share participation in resident s real estate construction outside Russia Payments by non-resident to resident for real estate purchased in Russia including payments related to non-resident s share participation in resident s real estate construction in Russia Refunds by non-resident to resident of overpayment received in real estate transactions including transactions related to share participation in real estate construction 32 Payments between residents and non-residents under agreements on assignment of claims and transfer of debt signed between residents and non-residents 5

6 Payments by non-resident to resident for claim assigned by resident to non-resident under assignment agreement Payments by non-resident to resident for debt transferred by non-resident to resident under debt transfer agreement 35 Other foreign trade payments between residents and non-residents not directly named in Groups in this List Other foreign trade payments by non-resident to resident not directly named in Groups in this List 40 Payments related to disbursement of funds by residents (except authorized banks) to non-residents under loan agreements Refunds by non-resident to resident of overpayment under loan agreement 41 Payments related to disbursement of funds by non-residents to residents (except authorized banks) under credit agreements and loan agreements Payments by non-resident to resident to disburse funds under credit agreement / loan agreement 42 Payments related to fulfillment of obligations by residents (except authorized banks) under money credit / loan agreements Refunds by non-resident to resident of excessive amount of repaid principal debt under credit / loan agreement Refunds by non-resident to resident of excessive interest paid under credit / loan agreement 43 Payments related to fulfillment of obligations by non-residents under money loan agreements Payments by non-resident to resident to repay principal debt under loan agreement Interest payments by non-resident to resident under loan agreement Other payments by non-resident to resident of premiums / fees and other monies related to borrowed loan 50 Payments related to capital investments Payments by non-resident to resident in transactions with shares, contributions, participatory interest in property (charter capital, joint-stock capital, co-operative share fund) of a legal entity and under simple partnership agreement Payments by non-resident to resident of dividends / income from capital investments Refunds by non-resident to resident of overpayment under capital investment transactions 51 Payments related to purchase by non-residents from residents of securities / rights certified by securities, except payments of Group 58 in this List Payments by non-resident to resident for purchased bonds, shares and other mass-issue securities of residents Payments by non-resident to resident for purchased bonds, shares and other mass-issue securities of non-residents Payments by non-resident to resident for purchased shares in investment funds founded by resident Payments by non-resident to resident for purchased shares in investment funds founded by non-resident Payments by non-resident to resident for purchased promissory notes and other non-massissue securities issued by resident Payments by non-resident to resident for purchased promissory notes and other non-massissue securities issued by non-residents 52 Payments related to purchase by residents from non-residents of securities / rights certified by securities, except payments of Group 58 in this List Refunds by non-resident to resident of overpayment under transactions with securities / rights certified by securities, and repayments due to such unfulfilled obligations 55 Payments related to fulfillment by residents and non-residents of their obligations under securities, except payments of Group 58 in this List Payments by non-resident to resident to fulfill obligations under bonds, shares and other mass-issue securities Payments by non-resident to resident of income from shares in investment funds Payments by non-resident to resident to fulfill obligations under promissory notes and other non-mass-issue securities 6

7 Refunds by non-resident to resident of overpayment received in fulfillment of obligations under transactions with securities, and repayments due to unfulfilled obligations 56 Payments between residents and non-residents under transactions with derivatives and other forward transactions Payments by non-resident to resident under transactions with forward and derivative financial instruments (premiums, margins and guarantee deposits and other monies transferred under such contracts, except payments related to delivery of underlying asset) Refunds by non-resident to resident of overpayment, and repayments due to unfulfilled obligations of this group 57 Payments under property trust agreements Payments by non-resident trustor to resident trustee in foreign currency and Russian currency Payments by non-resident trustee to resident trustor Refunds by non-resident to resident of overpayment under property trust agreements 58 Payments under brokerage service agreements except payments under Codes in this List Payments by non-resident broker to resident under brokerage service agreement, except payments under Code Payments by non-resident to resident broker under brokerage service agreement including remuneration payments to resident broker Refunds by non-resident to resident of overpayment under brokerage service agreement 60 Transfers by non-residents, withdrawals / deposits of Russian currency in cash from / to non-resident accounts in Russian currency Transfers of Russian currency from non-resident s bank account in Russian currency to other bank account / deposit account in Russian currency of such non-resident in the same authorized bank, from non-resident s deposit account in Russian currency to bank account of such non-resident in the same authorized bank Transfers of Russian currency from non-resident s bank account in Russian currency in authorized bank to bank account / deposit account in Russian currency of such non-resident in other authorized bank, from non-resident s deposit account in Russian currency to bank account of such non-resident in other authorized bank Transfers of Russian currency from non-resident s bank account in Russian currency in authorized bank to such non-resident s bank account / deposit account in Russian currency in non-resident bank Transfers of Russian currency from non-resident s bank account / deposit account in Russian currency in non-resident bank to such non-resident s bank account in Russian currency in authorized bank Transfers of Russian currency from non-resident s bank account in Russian currency to bank account / deposit account in Russian currency of other non-resident in the same authorized bank Transfers of Russian currency from non-resident s bank account in Russian currency in authorized bank to bank account / deposit account in Russian currency of other non-resident in other authorized bank Transfers of Russian currency from non-resident s bank account in Russian currency in authorized bank to bank account / deposit account in Russian currency of other non-resident in non-resident bank Transfers of Russian currency from non-resident s bank account / deposit account in Russian currency in non-resident bank to other non-resident s bank account in Russian currency in authorized bank Withdrawal of Russian currency from non-resident s bank account in Russian currency in authorized bank by means of bank card 70 Non-trading operations Payments by non-resident to resident related to taxes, duties and other charges, except payments under Code Payments by non-resident to resident of pensions, allowances and other social benefits, except payments under Code Payments by non-resident to resident of salary or other type of remuneration, except payments under Code Payments related to gratuitous financial aid from non-resident to resident, except payments 7

8 under Code Payments related to charity aid from non-resident to resident, collection of donations, payment / receipt of grants and other gratuitous funds Payments by non-resident to resident of insurance indemnity under insurance or reinsurance agreement Payments by non-resident to resident under orders of judicial authorities Other payments by non-resident to resident in non-trading operations, except payments under Codes 70010, 70030, 70050, 70090, 70100, 70110, Refunds by non-resident to resident of overpayment in non-trading operations 80 Payments between authorized bank and non-resident in Russian currency, authorized bank and resident in foreign currency, excluding payments specified in Groups 01, 02, 57 and 58 in this List Payments between non-resident and authorized bank in Russian currency under credit agreement Withdrawal of Russian currency from non-resident bank account in Russian currency due to opening of D/C Depositing of Russian currency to non-resident bank account in Russian currency due to closure of D/C Payments between non-resident and authorized bank in Russian currency in other transactions, except payments specified in Groups 01, 02, 57 and 58 in this List and payments under Codes 80010, 80020, Payments in other currency transactions not directly included in Groups of this List Repayment to resident of funds withdrawn / deposited due to error Payments in transactions not included in Groups of this List, except payments under Codes 99010,

9 Chinese Renminbi CNH Special terms of HSBC for payments in CNH (as at 09/2014) The currency type Renminbi, which is traded in the Special Administrative Region of Hong Kong, does not have an official code and is therefore officially traded as CNY (ISO-Code) Due to significant differences in the availability and operational handling to the onshore Renminbi, the abbreviation CNH is usually used for transactions in Hong Kong Renminbi For payments in CNH, please note the following: 1 Incoming payments Please ensure that incoming payments are routed via our accounts at HSBC Hong Kong Intermediary Bank: Account no: SWIFT-address: HSBCHKHHHKH Beneficiary Bank: Account holder: SWIFT-address: HSBC Trinkaus & Burkhardt AG TUBDDEDD 2 Outgoing payments (in general) The cut-off time for CNH -payment orders is 16:00 CET As long as there is not any other value date defined the execution is usually D+2 (value date plus two bank business days) 3 Outgoing payments to Mainland China For CNH -payments to Mainland China the payment orders require the following information: Full name and address of beneficiary Account no of beneficiary CNAPS2 payment purpose code(specification of the payment purpose code) Content: Prefix PCODE + payment purpose code (for example: PCODE GOODS TRADE ; overview of payment purpose codes please see attached list) DTAZV (eg Multicash): Block T9b name and address of the beneficiary s bank (third line) SWIFT: Tag 72 bank to bank information Full name and address of the beneficiary s payment service provider incl branch and sub-branch (if applicable) Reason for payment 9

10 Chinese Renminbi CNY Special terms of HSBC for payments in CNY (as at 07/2014) The currency tradable in Mainland China Renminbi has the official code (ISO-Code) CNY Trading in CNY is subject to particular regulatory restrictions Please contact your relationship manager before making your first payment in CNY Once you have been set up for CNY payments, please note the following requirements for payments in this currency 1 Incoming payments Please ensure that the incoming payments are routed via our account at HSBC Shanghai Intermediary Bank: Account no: SWIFT-address: HSBCCNSH CNAPS Clearing Code: Beneficiary Bank: Account holder: SWIFT-address: HSBC Trinkaus & Burkhardt AG TUBDDEDD 2 Outgoing payments Cut-off time The cut-off time for CNY -payment orders is 16:00 CET As long as there is not any other value date defined the execution is usually D+2 (value date plus two bank business days) Required information For CNY -payments the payment orders require the following information: Full name and address of beneficiary Account no of beneficiary Specification of the CNAPS clearing code of the beneficiary s payment service provider (12-digits) Content: Prefix CNAPS + clearing code (for example CNAPS ) DTAZV (eg Multicash): Block T9b name and address of the beneficiary s payment service provider (second line) or optionally in Block T20 additional information SWIFT: Tag 57D account with institution CNAPS2 payment purpose code(specification of the payment purpose code) Content: Prefix PCODE + payment purpose code (for example: PCODE GOODS TRADE ; overview of payment purpose codes please see attached list) DTAZV (eg Multicash): Block T9b name and address of the beneficiary s bank (third line) SWIFT: Tag 72 bank to bank information Full name and address of the beneficiary s payment service provider incl branch and sub-branch (if applicable) 10

11 Reason for payment or rather for RMB trade settlement transactions reason for payment incl the specific bill number Required Documents Before the execution of a RMB trade settlement transaction please provide a copy of the underlying bill via to: RMBTradesettlement@hsbcde 11

12 Appendix Chinese Renminbi CNH and CNY List of Payment Purpose Codes Payment Purpose Code Coverage Definition /BUSINESS/GOODS TRADE /BUSINESS/SERVICE TRADE /BUSINESS/CAPITAL TRF /BUSINESS/CHARITY DONATION /BUSINESS/CURRENT ACC TXN /BANK/CAPITAL TRF FOR BOND /BANK/FUND TRF Cross-border Goods Trade Cross-border Service Trade Cross-border Capital Transfer Charity Donation Current Account Transactions Cross-border Capital Transfer Cross-border Fund Transfer Cross border settlement conducted for trade in goods, including individual retail consumptions, general merchandise, goods for processing, goods required for repairing, goods procured in ports by carriers, transactions to be settled by letter of credit, bills for collection, payment of import equipment and advanced payment, etc Cross border settlement conducted for trade in services, including individual bill payments, services or fees relating to transportation; travel; communications; construction services; installation projects and their subcontract services; insurance; financial services; computer and information services; royalties and license fees; sports and entertainment; water, electricity and gas bills to be paid by corporations or financial institutions; rent; audit fees; hotel accommodation fees; legal fees; advertising and promotion fees; copyright and design fees; research and development fees; company registration fees; medical expenses; government services not mentioned above and other commercial services, etc Capital account transactions, capital transfers and acquisition / disposal of non-productive or non-financial assets, capital injection, capital reduction, capital payment, direct investments, securities investments, other investments, shareholder s loan / repayment, other capital payments as approved by relevant regulatory authorities, fund transfers for foreign direct investment ( FDI ) by enterprises and RMB Qualified Foreign Institutional Investor ( RQFIII) projects by enterprises, bonds, fund transfer between enterprises, individual investments, etc Donation to charities (non profit making organizations) Income and current transfers, remittance of profits, bonus, dividend payment, tax payment and scholarships, etc Cross-border capital transfer for bond payment Cross-border fund transfer between banks For additional information about RMB please go to our homepage 12