Foreign Bank Accounts and Foreign Intercompany Accounts

Foreign Bank Accounts and Foreign Intercompany Accounts Guide for reporters Centrale Bank van Aruba March 2013 Foreign Bank Accounts and Foreign Intercompany Accounts Guide for reporters 0

Table of Contents Preface... 2 1. Overview... 3 1.1 Introduction... 3 1.2 Legal basis... 3 1.3 Reporting frequency... 3 1.4 FBA and FIA reporting forms.3 2. FBA and FIA reporting forms... 4 2.1 General information on the reporting resident company... 4 2.2 Input sheet for account balances... 5 2.3 Input sheet for transactions... 8 3. Example of completed FBA and FIA reporting forms... 10 Annexes 1. FBA and FIA reporting forms... 13 2A. Transaction code list... 14 2B. Definition of code list... 20 3. Country codes... 33 4. Currency codes... 38 5. Notification form - Foreign Assets and Liabilities Accounts... 43 6. Decree on Balance of Payments Reporting Instructions 2013... 49 Foreign Bank Accounts and Foreign Intercompany Accounts Guide for reporters 1

Preface Foreign Bank Accounts and Foreign Intercompany Accounts: Guide for reporters (the Guide) is designed to assist the reporters responsible for completing the quarterly foreign bank account(s) (FBA) and foreign intercompany account(s) (FIA) reporting forms (FBA and FIA reporting forms) for the Centrale Bank van Aruba (CBA). The Guide, which contains main text, tables, and annexes, focuses on the practical issues associated with implementing the reporting instructions related to the notified FBAs and FIAs as stipulated in the Decree on Balance of Payments Reporting Instructions 2013 (Decree RI 2013). The Guide has been prepared by the CBA s Statistics Department. The use of this guide by reporters is strongly recommended to help them adequately complete the required FBA and FIA reporting forms, thereby providing the required information for compiling Aruba s balance of payments statistics. This Guide also is available on the CBA website at www.cbaruba.org. For additional information regarding the Guide, please contact the Statistics Department via its e-mail address: statistics.department@cbaruba.org. Correspondence related to the Guide should be addressed to the Statistics Department of the Centrale Bank van Aruba: J.E. Irausquin Boulevard 8 P.O. Box 18 Telephone: (297) 525-2100 Telefax: (297) 525-2101 Foreign Bank Accounts and Foreign Intercompany Accounts Guide for reporters 2

1. Overview 1.1 Introduction Resident companies must report to the CBA all transactions with nonresidents settled through a Foreign Bank Account (FBA) or a Foreign Intercompany Account (FIA), using the FBA and FIA reporting forms (see Annex 1). These forms must be appropriately completed to ensure the quality and completeness of the balance of payments statistics for Aruba because the mentioned transactions are not completely captured in the monthly foreign exchange reports of the local foreign exchange banks to the CBA. 1.2 Legal basis The legal reporting obligation of the mentioned residents is based on article 8 of the State Ordinance Foreign Exchange Transactions (SOFET) and the Decree on Balance of Payments Reporting Instructions 2013 (Decree RI 2013), which grant the CBA the authority to issue administrative instructions to obtain information for compiling Aruba s balance of payments. For details on the balance of payments reporting instructions, refer to Annex 6. The SOFET and the Decree RI 2013 are available on the CBA website. 1.3 Reporting frequency The completed FBA and FIA reporting forms must be submitted to the CBA on a quarterly basis no later than one month after the end of the calendar quarter via the e-mail address: reports@cbaruba.org 1.4 FBA and FIA reporting forms The FBA and FIA reporting forms are available on the CBA website. The FBA and FIA reporting forms consist of the following sheets: 1. Respondent identification sheet; 2. Input sheet for account balances; and 3. Input sheet for transactions. Foreign Bank Accounts and Foreign Intercompany Accounts Guide for reporters 3

2. FBA and FIA reporting forms 2.1 General information on the reporting resident company The general information on the reporting resident company must be inserted on this sheet. This information consists of the name of the reporting resident company, the unique reporter code, mailing address and visiting address of the reporting resident company, the name, telephone/fax number, and e-mail address of a contact person and/or a representative appointed by the reporting resident company. Table 1 shows the respondent identification sheet. Table 1 Foreign Bank Accounts (FBA) and Foreign Intercompany Accounts (FIA) registration form - Respondent identification Name Mailing address Visiting address Name of the reporting resident company Unique reporter code Address Postal code City Country Address Country Name Contact person 1/ Position of representative of company completing the form Contact person at the Telephone number reporting resident company Fax number E-mail address Contact person 2/ Representative assigned by the reporting resident company to complete this form Name Position of person completing the form Telephone number Fax number E-mail address Definition Name The name of the reporting resident company must be the legal name as registered at the Chamber of Commerce and Industry in Aruba. The unique reporter code is the code given to the reporting resident company after the CBA has assigned the reporting resident company as a reporter. This code starts with an X followed by a number of three or more digits. Mailing address This is the mailing address of the reporting resident company and/or the representative appointed by the reporting resident company. Visiting address This is the visiting address of the reporting resident company and/or the representative appointed by the reporting resident company. Foreign Bank Accounts and Foreign Intercompany Accounts Guide for reporters 4

Contact person 1 A person (for example, a manager or a chief financial officer) assigned by the reporting resident company who should be contacted in case questions arise concerning the submitted reporting forms. Contact person 2 A representative appointed by the reporting resident company to complete the FBA and FIA reporting forms. 2.2 Input sheet for account balances On the input sheet for account balances, the reporting resident company must report the balances of all its notified FBAs and FIAs. Even if no transaction took place in the reporting period and the account balances (opening and closing) of the respective account have not changed during this period, the reporting forms must be submitted to the CBA. Table 2 shows an overview of the input sheet for account balances. Table 2 FA Type AccType Reporter Currency Period Bank_Company_Name OpeningBalance TotalDebits TotalCredits ClosingBalance xxxx xxxx 0.00 0.00 0.00 FA Type AccType FBA: CUA (current account) Reporter CHK Currency (checking account) Period Bank_Company_Name OpeningBalance TotalDebits TotalCredits ClosingBalance xxxx xxxx INC (interest checking account) 0.00 0.00 0.00 SAV (savings account) TDA (time-deposit account) FA Type AccType Reporter OTA Currency (other type Period account) Bank_Company_Name OpeningBalance TotalDebits TotalCredits ClosingBalance xxxx xxxx FIA: DSA (debt securities assets) 0.00 0.00 0.00 DSL (debt securities liabilities) LOA (intercompany loans assets) FA Type AccType Reporter LOL Currency (intercompany Period loans liabilities) Bank_Company_Name OpeningBalance TotalDebits TotalCredits ClosingBalance xxxx xxxx TCA (trade credit assets) 0.00 0.00 0.00 TCL (trade credit liabilities) TAA (trade advances assets) FA Type AccType Reporter TAL Currency (trade advances Period liabilities) Bank_Company_Name OpeningBalance TotalDebits TotalCredits ClosingBalance ARP (accounts receivable/payable) xxxx xxxx 0.00 0.00 0.00 FA Type AccType Reporter Currency Period Bank_Company_Name OpeningBalance TotalDebits TotalCredits ClosingBalance xxxx xxxx 0.00 0.00 0.00 Definition Foreign Account (FAType) Indicate the type of the foreign account held by the reporting resident company, i.e., a Foreign Bank Account (FBA) or a Foreign Intercompany Account (FIA). Account type (AccType) Indicate the type of FBA, i.e., current account (CUA), checking account (CHK), interest checking account (INC), savings account (SAV), time deposit account (TDA), other type account (OTA), and the type of FIA, i.e., debt securities assets (DSA), debt securities liabilities (DSL), intercompany loans assets (LOA), intercompany loans liabilities (LOL), trade credit assets (TCA), trade credit liabilities (TCL), trade advances assets (TAA), trade advances liabilities (TAL), and accounts receivable /payable (ARP). Foreign Bank Accounts and Foreign Intercompany Accounts Guide for reporters 5

Reporter Fill in the unique reporter code assigned to the reporting resident company. For example, Buchi Beach N.V. has been assigned the unique reporter code X001. For inquiries regarding the reporter code, please contact the CBA s Statistics Department via its e-mail address: statistics.department@cbaruba.org. Currency The currency code refers to the currency in which the notified FBAs and/or FIAs are denominated. See Annex 4 for the currency codes, with the description of the currency and the jurisdiction (country names) that must be used. Period The period refers to the reporting quarter. For example, Mar-12 refers to the first quarter of 2012, Jun-12 refers to the second quarter of 2012, Sep-12 refers to the third quarter of 2012, and Dec-12 refers to the fourth quarter of 2012. Please note that only the first three letters of the month of the calendar quarter must be used. Bank Company Name For a resident FBA holder, the name of the foreign bank and the last six digits of the foreign bank account must be reported. For example, Buchi Beach N.V. (X001) has a US dollar current account at Bank of America in the U.S.A., with account number 12345612345 and an ANG time-deposit account at MCB Bank in Curacao with account number 102030721323. The input sheet for account balances for the third quarter of 2012 must be completed as follow: FA Type AccType Reporter Currency Period Bank_Company_Name OpeningBalance TotalDebits TotalCredits ClosingBalance FBA CUA X001 USD Sep-12 Bank of America 612345 0.00 0.00 0.00 0.00 FA Type AccType Reporter Currency Period Bank_Company_Name OpeningBalance TotalDebits TotalCredits ClosingBalance FBA TDA X001 ANG Sep-12 MCB Bank 721323 0.00 0.00 0.00 0.00 The name of the nonresident affiliated enterprise with which the FIA is held must be reported for a resident FIA holder. For example, Buchi Beach N.V. (X001) has an account payable denominated in Euro with Buchi Beach B.V. in the Netherlands, and a loan liability denominated in US dollars with its parent company Buchi Beach Inc. in the U.S.A. The input sheet for account balances must be completed as follow. FA Type AccType Reporter Currency Period Bank_Company_Name OpeningBalance TotalDebits TotalCredits ClosingBalance FIA ARP X001 EUR Sep-12 Buchi Beach B.V. 0.00 0.00 0.00 0.00 FA Type AccType Reporter Currency Period Bank_Company_Name OpeningBalance TotalDebits TotalCredits ClosingBalance FIA LOL X001 USD Sep-12 Buchi Beach Inc. 0.00 0.00 0.00 0.00 Foreign Bank Accounts and Foreign Intercompany Accounts Guide for reporters 6

OpeningBalance The opening balance is the position at the beginning of the reporting period. The opening balance of a quarter must be equal to the closing balance of the previous quarter. The opening balances of the foreign bank account and foreign intercompany account must be derived from, respectively, the foreign bank account statement and the company general ledger. For the resident FBA holder, the following applies when reporting the opening and closing balance: Plus sign (+) indicates a credit balance on the foreign bank statement; and Minus sign (-) indicates an overdraft and corresponds with a debit balance on the foreign bank statement. For the resident FIA holder, the following applies when reporting the opening and closing balance: Plus sign (+) balance indicates a claim on the nonresident affiliated company; and Minus sign (-) balance indicates a liability to the nonresident affiliated company. TotalDebits The total of debit transactions effectuated through an FBA or an FIA during the reporting period. TotalCredits The total of credit transactions effectuated through an FBA or an FIA during the reporting period. ClosingBalance The closing balance is the position at the end of the reporting period. The closing balance can also be calculated as a result of the Opening balance + Total debits Total credits. Foreign Bank Accounts and Foreign Intercompany Accounts Guide for reporters 7

2.3 Input sheet for transactions In the input sheet for transactions, the reporting resident company must report all transactions effectuated through the notified FBA and/or FIA during the reporting period. If no transaction took place in the reporting period and the account balances (opening and closing) of the respective account have not changed, the reporting forms still must be submitted to the CBA. Table 3 shows an overview of the input sheet for transactions. Table 3 FA Type AccType Reporter Currency Period Bank_Company_Name Transactioncodes Countrycode Debit Credit Description Definition For the definition of the variables in the input sheet for transactions, i.e., FA Type, Acc Type, Reporter, Currency, Period, Bank_Company_Name, please refer to the definition of these variables in paragraph 2.2 (Input sheet for account balances). Transaction codes The transaction code list consists of several transaction codes. Each code refers to a specific type of transaction (see Annex 2A). The reporting resident company must use the transaction code list when completing its quarterly FBA and FIA reporting forms. Transactions must be aggregated when the nature of the transactions is the same. Countrycode The country code refers to the country where the nonresident counterpart of the reporting resident company is established. The country code list consists of country codes with the country names that must be used for each transaction or aggregated transactions with the same transaction code (see Annex 3). Debit A debit entry refers to the amount of debit transactions in the currency in which the FBA and/or FIA is denominated. The transactions must be derived from, respectively, the foreign bank account statement or the company general ledger. FBA: Debit transactions refer to: Inflow of funds on the foreign bank account. FIA: Debit transactions refer to: Transactions that lead to an increase in the foreign intercompany claim. Transactions that lead to a decrease in the foreign intercompany liability. Foreign Bank Accounts and Foreign Intercompany Accounts Guide for reporters 8

Credit A credit entity refers to the amount of credit transactions denominated in the indicated currency. The transactions must be derived from, respectively, the foreign bank account statement and the company general ledger. FBA: Credit transactions refer to: Outflow of funds on the foreign bank account. FIA: Credit transactions refer to: Transactions that lead to a decrease in the foreign intercompany claim. Transactions that lead to an increase in the foreign intercompany liability. Description A brief description of the nature of the transaction must be given in this column. For details on the nature of the transaction and definition, refer to the transaction code list (see Annexes 2A and 2B). Foreign Bank Accounts and Foreign Intercompany Accounts Guide for reporters 9

3. Example of completed FBA and FIA reporting forms The following example illustrates how transactions must be reported on the FBA and FIA reporting forms. Example Reporting resident company Buchi Beach N.V. has notified the following FBAs and FIAs to the CBA through the attached (Annex 5) Notification form - Foreign Assets and Liabilities Accounts (Notification form - FALAs). FBAs: FIAs: US dollar current account (CUA) at Bank of America, account number: 12345612345. ANG time-deposit (TDA) at MCB Bank, account number: 102030721323. Accounts payable (ARP) denominated in Euros with Bucuti Beach B.V. (parent company of Buchi Beach Inc.) established in the Netherlands (NL). Loan liability (LOL) denominated in US dollars with its parent company Buchi Beach Inc. established in the USA (US). Accounts receivable (ARP)denominated in US dollars with Buchi Beach Resort Corporation established in Puerto Rico (PR). Balances of the FBAs and FIAs at the beginning of the third quarter of 2012: FBAs: Current account at Bank of Amerika: USD 1.100.000 Time-deposit at MCB Bank: ANG 5.000.000 (5%) FIAs: Accounts payable with Bucuti Beach B.V.: EUR 2.000.000 (3%) Loan liability with Buchi Beach Inc.: USD 10.000.000 (10%) Accounts receivable with Buchi Beach Resort Corporation: USD 3.000.000 Conversion rate during the quarter: AWG 2.50 = Eur 1 USD 1.40 = Eur 1 Foreign Bank Accounts and Foreign Intercompany Accounts Guide for reporters 10

The following transactions were settled during the third quarter of 2012 (Sep-12). 1. Transfers in the amount of USD 50.000 from the resident current account of Buchi Beach N.V. held at a local bank to its FBA held at Bank of America. 2. Transfers in the amount of Eur 30.000 from the resident current account of Buchi Beach N.V. held at a local bank to pay off its accounts payable held with Buchi Beach B.V. 3. Transfers in the amount of USD 600.000 received on the FBA of Buchi Beach N.V. held at Bank of America from Hotel.com regarding hotel bookings of several nonresidents. 4. Tranfers from the FBA of Buchi Beach N.V. held at Bank of America to pay off its loan liability to Buchi Beach Inc. in the amount of USD 400.000. 5. Interest accrued booked on the accounts payable held with Buchi Beach B.V.: 3% x Eur 2.000.000=Eur 60.000 per year (Eur 15.000 per quarter) 6. Interest accrued booked on the loan held with Buchi Beach Inc.: 10% x USD 10.000.000= USD 1.000.000 per year (USD 250.000 per quarter) 7. Interest accrued on the time-deposit held at MCB Bank: 5% x USD 5.000.000= USD 250.000 per year (USD 62.500 per quarter) 8. Management fees of USD 100.000 charged by Buchi Beach B.V. to Buchi Beach N.V. (Please note that this entry implies a new intercompany account held between Buchi Beach B.V. and Buchi Beach N.V. denominated in another foreign currecy, in this case USD. This new intercompany account must be notified to the CBA through the Notification form Foreign Assets and Liabilities Accounts ( Notification form FALAs). 9. Goods purchased by Buchi Beach B.V. on behalf of Buchi Beach N.V. for Eur 40.000. 10. Settlement of USD 1.000.000 (Eur 714.285) between the accounts receivable held with Buchi Beach Resort Corporation and the accounts payable held with Buchi Beach B.V. Foreign Bank Accounts and Foreign Intercompany Accounts Guide for reporters 11

Following is an example of how the account balances and transactions should be reported to the CBA. Input sheet for account balances: FA Type AccType Reporter Currency Period Bank_Company_Name OpeningBalance TotalDebits TotalCredits ClosingBalance FBA CUA X001 USD Sep-12 Bank of America 612345 1,100,000.00 650,000.00 400,000.00 1,350,000.00 FA Type AccType Reporter Currency Period Bank_Company_Name OpeningBalance TotalDebits TotalCredits ClosingBalance FBA TDA X001 ANG Sep-12 MCB Bank 721323 5,000,000.00 62,500.00 0.00 5,062,500.00 FA Type AccType Reporter Currency Period Bank_Company_Name OpeningBalance TotalDebits TotalCredits ClosingBalance FIA ARP X001 EUR Sep-12 Buchi Beach B.V. (2,000,000.00) 744,285.00 55,000.00 (1,310,715.00) FA Type AccType Reporter Currency Period Bank_Company_Name OpeningBalance TotalDebits TotalCredits ClosingBalance FIA LOL X001 USD Sep-12 Buchi Beach Inc. (10,000,000.00) 400,000.00 250,000.00 (9,850,000.00) FA Type AccType Reporter Currency Period Bank_Company_Name OpeningBalance TotalDebits TotalCredits ClosingBalance FIA ARP X001 USD Sep-12 Buchi Beach Resort Corporation 3,000,000.00 0.00 1,000,000.00 2,000,000.00 FA Type AccType Reporter Currency Period Bank_Company_Name OpeningBalance TotalDebits TotalCredits ClosingBalance FIA ARP X001 USD Sep-12 Buchi Beach N.V. 0.00 0.00 100,000.00 (100,000.00) New intercompany account that needs to be notified to the CBA, through the Notification form - FALAs. Input sheet for transactions: Transactions: FA Type AccType Reporter Currency Period Bank_Company_Name Transactioncodes Countrycode Debit Credit Description 1 FBA CUA X001 USD Sep-12 Bank of America 612345 5455 US 50,000.00 Transfer from AUA to FBA 3 FBA CUA X001 USD Sep-12 Bank of America 612345 1211 US 600,000.00 Toerism (hotel reservation) 4 FBA CUA X001 USD Sep-12 Bank of America 612345 5555 US 400,000.00 Transfer from FBA to pay off loan with Buchi Beach INC FA Type AccType Reporter Currency Period Bank_Company_Name Transactioncodes Countrycode Debit Credit Description 7 FBA TDA X001 ANG Sep-12 MCB Bank 721323 1540 CW 62,500.00 Interest FA Type AccType Reporter Currency Period Bank_Company_Name Transactioncodes Countrycode Debit Credit Description 2 FIA ARP X001 EUR Sep-12 Buchi Beach B.V. 5355 NL 30,000.00 Transfer from AUA to FIA 10 FIA ARP x001 EUR Sep-12 Buchi Beach B.V. 5555 NL 714,285.00 Settlement with Buchi Beach Resort Corporation 9 FIA ARP x001 EUR Sep-12 Buchi Beach B.V. 1010 NL 40,000.00 Goods 5 FIA ARP x001 EUR Sep-12 Buchi Beach B.V. 1521 NL 15,000.00 Interest on intercompany FA Type AccType Reporter Currency Period Bank_Company_Name Transactioncodes Countrycode Debit Credit Description 4 FIA LOL X001 USD Sep-12 Buchi Beach Inc. 5555 US 400,000.00 Pay off of loan by Buchi Beach N.V. from FBA 6 FIA LOL X001 USD Sep-12 Buchi Beach Inc. 1521 US 250,000.00 Interest on intercompany FA Type AccType Reporter Currency Period Bank_Company_Name Transactioncodes Countrycode Debit Credit Description 10 FIA ARP X001 USD Sep-12 Buchi Beach Resort Corporation 5555 PR 1,000,000.00 Settlement with Buchi Beach B.V. FA Type AccType Reporter Currency Period Bank_Company_Name Transactioncodes Countrycode Debit Credit Description 8 FIA ARP X001 USD Sep-12 Buchi Beach B.V. 1460 US 100,000.00 Management fees Foreign Bank Accounts and Foreign Intercompany Accounts Guide for reporters 12

Annex 1: FBA and FIA reporting forms Sheet 1: General information of the reporting resident company Sheet 2: Input sheet for account balances FA Type AccType Reporter Currency Period Bank_Company_Name OpeningBalance TotalDebits TotalCredits ClosingBalance xxxx xxxx 0.00 0.00 0.00 FA Type AccType Reporter Currency Period Bank_Company_Name OpeningBalance TotalDebits TotalCredits ClosingBalance xxxx xxxx 0.00 0.00 0.00 FA Type AccType Reporter Currency Period Bank_Company_Name OpeningBalance TotalDebits TotalCredits ClosingBalance xxxx xxxx 0.00 0.00 0.00 Sheet 3: Input sheet for transactions FA Type AccType Reporter Currency Period Bank_Company_Name Transactioncodes Countrycode Debit Credit Description Foreign Bank Accounts and Foreign Intercompany Accounts Guide for reporters 13

Annex 2A: Transaction code list 1. GOODS 1010 Consumer goods 1020 Investment goods 1031 Oil products 1050 Goods procured in ports by carriers 1070 Free-zone merchandise trade 1071 Re-exports other sector 1080 Goods acquired and sold under merchanting 2. SERVICES 1111 Sea transport passengers 1112 Sea transport freight 1113 Sea transport other 1121 Air transport passengers 1122 Air transport freight 1123 Air transport other 1211 Travel transfers for the purpose of vacations or business by means of travelers check or wire transfers 1212 Travel transfers for the purpose of vacations or business by means of credit cards 1231 Travel transfers for the purpose of vacations or business by means of cash 1240 Travel transfers for health-related purpose 1250 Travel transfers for education-related purpose 1310 Government goods and services 1320 Government tourism-related services 1401 Manufacturing services related to goods for processing in reporting economy Foreign Bank Accounts and Foreign Intercompany Accounts Guide for reporters 14

1402 Manufacturing services related to goods for processing abroad 1404 Maintenance and repair services n.i.e. 1410 Telecommunication, computer, and information services 1420 Construction services abroad 1421 Construction services in reporting economy 1440 Financial services 1460 Other business services 1470 Insurance and pension services 1481 Charges for the use of intellectual property n.i.e. 1495 Personal, cultural, and recreational services 3. PRIMARY INCOME 3.1 Compensation of employees 1510 Compensation of employees 3.2 Direct investment income 1520 Dividends and distributed profits 1521 Interest on intercompany lending 1523 Income related to real estate 1524 Income related to time shares 3.3 Portfolio investment income 1530 Income on equity investment 1531 Interest on long-term debt securities (bonds and notes) 1532 Interest on short-term debt securities (money market instruments) 3.4 Other investment income 1540 Interest on deposits 1542 Interest on loans Foreign Bank Accounts and Foreign Intercompany Accounts Guide for reporters 15

4. SECONDARY INCOME 4.1 Government sector 1610 Social contributions 1630 Social benefits 1640 Current taxes on income, wealth, etc. 1650 Current international cooperation 1660 Other government transactions 4.2 Other sectors 1710 Workers remittances 1720 Other transfers 1730 Non-life insurance premiums 1731 Claims paid-out from non-life insurance 5. CAPITAL ACCOUNT 5.1 Government sector 2012 Capital grants 2031 Other capital transactions of the government 5.2 Other sectors 2120 Other capital transfers by other sectors 5.3 Other capital account transactions 2130 Acquisition/disposal n.p.,n.f.a. Foreign Bank Accounts and Foreign Intercompany Accounts Guide for reporters 16

6. DIRECT INVESTMENT Net acquisition of financial assets 2211 Equity capital 2212 Intercompany lending extended to a foreign direct investment enterprise 2213 Real estate 2214 Other intercompany lending extended to a foreign direct investment enterprise 2216 Time share with ownership aspect 2219 Trade credits extended to a foreign direct investment enterprise 2227 Intercompany lending extended to a foreign direct investor or a foreign fellow enterprise 2228 Other intercompany lending extended to a foreign direct investor or a foreign fellow enterprise 2229 Trade credits extended to a foreign direct investor or a foreign fellow enterprise 2231 Debt securities issued by a foreign direct investment enterprise 2241 Debt securities issued by a foreign direct investor or a foreign fellow enterprise Net incurrence of liabilities 2217 Intercompany lending received from a foreign direct investment enterprise 2218 Other intercompany lending received from a foreign direct investment enterprise 2220 Trade credits received from a foreign direct investment enterprise 2221 Equity capital 2222 Intercompany lending received from a foreign direct investor or a foreign fellow enterprise 2223 Real estate 2224 Other intercompany lending received from a foreign direct investor or a foreign fellow enterprise 2226 Time share with ownership aspect 2230 Trade credits received from a foreign direct investor or a foreign fellow enterprise 2240 Debt securities held by a foreign direct investment enterprise 2242 Debt securities held by a foreign direct investor or a foreign fellow enterprise Foreign Bank Accounts and Foreign Intercompany Accounts Guide for reporters 17

7. PORTFOLIO INVESTMENT Net acquisition of financial assets 2320 Equity 2321 Debt securities Long-term 2322 Debt securities Short-term Net incurrence of liabilities 2310 Equity 2311 Debt securities Long-term 2312 Debt securities Short-term 8. OTHER INVESTMENT Net acquisition of financial assets 2520 Loans extended/ receipt of payments with an original maturity 1 year 2531 Trade credit receipts/advance payments 2540 Loans extended/ receipts of payments with an original maturity > 1 year 2550 Other financial assets transactions 2570 Transactions related to a life insurance contract with a nonresident company Net incurrence of liabilities 2420 Loans received/ repayments with an original maturity 1 year 2431 Trade credit payments/ advance receipts 2440 Loans received/ repayments with time of maturity > 1 year 2450 Other financial liabilities transactions 2470 Transactions related to a life insurance contract with a reporting resident company Foreign Bank Accounts and Foreign Intercompany Accounts Guide for reporters 18

9. NEUTRAL CODES 5255 Transfers between a local commercial bank account (LCB) and a foreign investment account. 5355 Transfers between a local commercial bank account (LCB) and a foreign intercompany account (FIA). 5455 Transfers between a local commercial bank account (LCB) and a foreign bank account (FBA). 5555 Transfers between the foreign accounts, that are the FBA(s) and FIA(S). Foreign Bank Accounts and Foreign Intercompany Accounts Guide for reporters 19

Annex 2B: Definition of code list 1. GOODS 1010 Consumer goods Goods whose economic ownership is changed between a resident and a nonresident and are purchased for consumption, excluding items included under code 1031 and code 1070. Examples of consumer goods are: Food, clothing, medicaments, and so forth; Bank notes and coins not in circulation; Noncustomized packaged software (for example, Microsoft Office); and Goods traded in accordance with barter agreements. 1020 Investment goods Investment goods are goods whose economic ownership is changed between a resident and a nonresident and that have a physical substance, a life in excess of one year, and are bought for the operation of the business, not intended for resale to customers, and are subject to depreciation. Examples of investment goods are: Machinery; Plants; and Heavy equipment. 1031 Oil products Oil products are goods whose economic ownership is changed between a resident and a nonresident and cover materials derived from petroleum, natural gas, or asphalt. These goods include gasoline, diesel, fuels, liquefied petroleum gases (LPG and bugas), lubricants, waxes, greases, petroleum coke, petrochemicals, and sulfur. 1050 Goods procured in ports by carriers Goods procured in ports by carriers are goods such as fuels (bunkering), provisions, stores, ballast, and dunnage. When these goods are obtained from resident providers by nonresident transport operators in ports, they should be included in exports. When these goods are obtained from nonresident providers by resident transport operators in ports they should be included in imports. Ports are defined as ocean or sea terminals or airports. 1070 Free-zone merchandise trade This trade consists of import, export, and re-export of goods by resident free-zone companies. 1071 Re-exports other sector These are foreign goods (goods produced in other economies and previously imported) that are exported with no substantial transformation from the state in which they were previously imported. 1080 Goods acquired and sold under merchanting Goods acquired by a resident (should be recorded as a minus debit entry) from a nonresident and subsequently sold to nonresidents (should be recorded as a debit entry), without the same goods being present in the compiling economy. Merchanting is used for wholesaling and retailing. Foreign Bank Accounts and Foreign Intercompany Accounts Guide for reporters 20

2. SERVICES 1111 Sea transport passengers This category covers all sea services provided in the international transport of nonresidents by resident carriers (debit) and that of residents by nonresident carriers (credit). The valuation of passenger transport by sea should include fees payable by the carriers to travel agencies and other providers of reservation services. Also included are rentals, charters and leases of vessels or other commercial vehicles with crews for the carriage of passengers. Excluded are rentals or charters that are financial leases (included in loan) and rentals and time charters without crew (included in operating lease). Also excluded are cruise fare, which is included in travel. 1112 Sea transport freight Sea freight services cover the transport by sea of objects other than people. In addition to freight on exports and imports, freight transport services may relate to goods where there is no change of ownership, such as goods sent for storage or processing. 1113 Sea transport other Other sea transport services include services that are auxiliary to sea transport and not directly provided for the movement of goods and persons. This category includes cargo handling charges separate from freight, storage and warehousing, packing and repacking. Postal and courier services are also included. These cover pickup, transport and delivery of letters, newspapers, periodicals, brochures, other printed matter, and parcels. Also included are post office counter services such as sales of stamps and money orders, telegram services and so forth as well as door-to door delivery. 1121 Air transport passengers This category covers all air services provided in the international transport of nonresidents by resident carriers (debit) and that of residents by nonresident carriers (credit). The valuation of passenger transport by air should include fees payable by the carriers to travel agencies and other providers of reservation services. Also included are rentals, charters and leases of vessels or other commercial vehicles with crews for the carriage of passengers. Excluded are rentals or charters that are financial leases (included in loan) and rentals and time charters without crew (included in operating lease). 1122 Air transport freight Air freight services cover the transport by air of objects other than people. In addition to freight on exports and imports, air freight transport services may relate to goods where there is no change of ownership, such as goods sent for storage or processing. 1123 Air transport other Other transport services include services that are auxiliary to transport and not directly provided for the movement of goods and persons. This category includes cargo handling charges separate from freight, storage and warehousing, packing and repacking. Postal and courier services are also included. These cover pickup, transport, and delivery of letters, newspapers, periodicals, brochures, other printed matter, and parcels. Also included are post office counter services such as sales of stamps and money orders, telegram services and so forth as well as door-to door delivery. Foreign Bank Accounts and Foreign Intercompany Accounts Guide for reporters 21

1211 Travel transfers for the purpose of vacations or business by means of travelers check or wire transfers Travel debits cover goods and services acquired by a nonresident from an economy during visits to that economy by means of travelers check, wire transfers, and so forth. Travel credits cover goods and services acquired by a resident going abroad by means of travelers check, wire transfers, and so forth. Examples Items acquired for personal use when the primary purpose of travel is for business. Items acquired for one s own use or to give away by a person when the purposes of travel are vacations, participation in recreational and cultural activities, visits with friends and relatives, pilgrimages, and so forth. 1212 Travel transfers for the purpose of vacations or business by means of credit cards 1231 Travel transfers for the purpose of vacations or business by means of cash 1240 Travel transfers for health-related purpose Total expenditures by person going abroad for medical reason, such as medical services, other health care, food, accommodation, local transport, etc. 1250 Travel transfers for education-related purpose Total expenditures by person going abroad for educational purposes, such as educational tuition, food, accommodation, local transport, etc. 1310 Government goods and services These cover goods and services supplied by and to enclaves, such as embassies, military bases, and international organizations. They are acquired from the host economy by diplomats, consular staff, and military personnel located abroad and their dependents. 1320 Government tourism-related services This category includes transfers from the government sector to tourism promotion offices abroad. 1401 Manufacturing services related to goods for processing in reporting economy Manufacturing services cover processing, assembling, labeling, and packing undertaken by enterprises that do not own the goods concerned. These services should be undertaken in the reporting economy by a resident enterprise. These include oil refining, liquefaction of natural gas, assembly of clothing and electronics, labeling and packing. 1402 Manufacturing services related to goods for processing abroad Manufacturing services cover processing, assembling, labeling, and packing undertaken by enterprises that do not own the goods concerned. These services should be undertaken abroad by a nonresident enterprise. These include oil refining, liquefaction of natural gas, assembly of clothing and electronics, labeling and packing. 1404 Maintenance and repair services n.i.e. Maintenance and repair services n.i.e. cover both minor repairs that maintain the goods in working order and major repairs that extend the efficiency or capacity of the goods. These goods are owned by nonresidents. Repairs and maintenance on ships, aircraft, and other transport equipment are included under this item. Foreign Bank Accounts and Foreign Intercompany Accounts Guide for reporters 22

1410 Telecommunication, computer, and information services Telecommunication services encompass the broadcast or transmission of sound, images, data, or other information by telephone, telex, telegram, radio and television cable transmission, radio and television satellite, electronic mail, facsimile, and so forth. Also included are business network services, teleconferencing, and support services, mobile telecommunication services, and customized packaged software. 1420 Construction services abroad Construction work for nonresidents by enterprises resident in the compiling economy. 1421 Construction services in reporting economy Construction work for residents of the compiling economy by nonresident construction enterprises. 1440 Financial services These services include those usually provided by banks and other financial corporations and include deposit taking and lending services, letters of credit, credit card services, commissions and charges related to financial leasing, factoring, underwriting, and clearing of payments. Also included are financial advisory services, custody of financial assets, financial asset management, monitoring services, liquidity provision services, risk assumption services other than insurance, merger and acquisition services, credit rating services, stock exchange services, and trust services. 1460 Other business services Items included in other business services are: Research and development services, associated with basic research, applied research, and experimental development of new products and processes; Professional and management consulting, which includes: 1. Legal services, accounting, management consulting, managerial services, and public relations services; 2. Advertising, market research, and public opinion polling services. Technical, trade-related, and other business services, which include: 1. Architectural, engineering, and other technical services; 2. Operating leasing services cover leasing (rental) and charters, without crew, of ships, aircraft, and transport equipment, such as railway, cars, containers, and rigs without crew, operating lease payments related to other types of equipment without an operator, including computers and telecommunications equipment; and 3. Trade-related services that cover commissions on good service transactions payable to merchants, commodity brokers, dealers, auctioneers, and commission agents; and Other business services n.i.e. 1470 Insurance and pension services Includes insurance and pension services fee and excludes premium charges and paying claims. 1481 Charges for the use of intellectual property n.i.e. Franchise fees, trademark revenue, payments for the use of brand names and so forth include aspects of property income as well as aspects of services. The payments made by the licensee to the owner may be described in various ways, such as fees, commissions, or royalties. 1495 Personal, cultural, and recreational services Personal, cultural, and recreational services consist of audiovisual and related services and other recreational services, which include fees related to the production of motion pictures, radio and television programs, and musical recording. Foreign Bank Accounts and Foreign Intercompany Accounts Guide for reporters 23

3. PRIMARY INCOME 3.1 Compensation of employees 1510 Compensation of employees Compensation of employees is the total remuneration in cash or in kind payable by resident enterprises to nonresident employees in return for work done by the latter during the accounting period. For the economy where the individuals are resident, it is the total remuneration in cash or in kind received by them from nonresident enterprises in return for work done during the accounting period. 3.2 Direct investment income 1520 Dividends and distributed profits Dividends are the distributed earnings allocated to the owners of equity for placing funds at the disposal of corporations. 1521 Interest on intercompany lending Interest accrual on intercompany lending granted (assets) or received (liabilities) is determined by applying the relevant interest rate as specified in the contractual arrangements between parties to the amount of the outstanding loan. 1523 Income related to real estate This category is Income associated with the return for providing financial assets (real estate). Debit entries reflect income receivable by the compiling economy, and credit entries reflect income payable by the compiling economy. 1524 Income related to time shares This is income associated with the return for providing financial assets (time-share accommodations with ownership aspect). Debit entries reflect income receivable by the compiling economy, and credit entries reflect income payable by the compiling economy. Maintenance fee should be included under this heading. 3.3 Portfolio investment income 1530 Income on equity investment Income (dividend) arising from the holding of issuing of equity securities (share, stock). 1531 Interest on long-term debt securities (bonds and notes) Income (interest) arising from the holding of issuing of long-term debt securities (share, stock). 1532 Interest on short-term debt securities (money market instruments) Income (interest) arising from the holding of short-term debt securities (money market instruments). 3.4 Other investment income 1540 Interest on deposits Debit entries on interest on deposits reflect income receivable by the compiling economy, and credit entries reflect income payable by the compiling economy. Foreign Bank Accounts and Foreign Intercompany Accounts Guide for reporters 24

1542 Interest on loans Debit entries on interest on loans reflect income receivable by the compiling economy, and credit entries reflect interest payable by the compiling economy. 4. SECONDARY INCOME 4.1 Government sector 1610 Social contributions Social contributions are the actual contributions made by resident households to social insurance schemes nonresident so that social benefits can be paid. Social insurance schemes include social security schemes (which cover the entire community or large sections of it and are imposed, controlled, and financed by government) and employment-related schemes (including funded and unfunded pension schemes). Social contributions in the international accounts are recorded when a resident makes contributions to social security and pension schemes in another economy for his or her employment in that economy, or an employer makes actual contributions on behalf of the employee. Similarly, social contributions are recorded when a nonresident makes social contributions to the resident social security and pension schemes. 1630 Social benefits Social benefits are benefits payable under social security and pension schemes and include pensions and nonpension benefits regarding events or circumstances such as sickness, unemployment, housing, and education. These benefits may be in cash or in kind. Also included in this category are social benefits payable to households by government units or nonprofit institutions that serve households to meet the same needs as those under social insurance schemes but are not made under a social insurance scheme. 1640 Current taxes on income, wealth, etc. Current taxes on income, wealth, etc. consist mainly of taxes levied on the income earned by residents from the provision of their labor or financial assets. Taxes on capital gains arising from assets of nonresidents are also included. Taxes on wages and salaries earned by nonresident employees are recorded as payable by the nonresident employees. Taxes on income and capital gains from financial assets can be payable by individuals, corporations, nonprofit institutions, governments, and international organizations. 1650 Current international cooperation Current international cooperation consists of current transfers in cash or in kind between the governments of different countries or between governments and international organizations. These transfers include: (a) transfers between governments that are used by the recipients to finance current expenditures, including emergency aid after natural disasters; they include in-kind transfers in the form of food, clothing, blankets, medicines, and so forth; (b) annual or other regular contributions paid by member governments to international organizations (excluding taxes payable to supranational organizations) and regular transfers made as a matter of policy by the international organizations to governments (for the treatment of capital contributions); and (c) payments by governments or international organizations to cover the salaries of those technical assistance staff who are deemed to be resident in the economy in which they are working and who are in an employer-employee relationship with the host government. Foreign Bank Accounts and Foreign Intercompany Accounts Guide for reporters 25

1660 Other government transactions Other government current transfers include transactions in cash or in kind, other than those used in the previous code for current transfers-government sector. 4.2 Other sectors 1710 Workers remittances Workers remittances include only those transfers abroad made by workers who are residents of the economy in which they are employed. Resources may be sent abroad by residents of an economy for the purpose of financing other residents of the same economy who are staying abroad (such as those sent by parents to children who are studying in other territories). These transactions should not be recorded as current transfers, because the parties are residents of the same economy. The expenses abroad constitute a purchase of education services in the case of students. 1720 Other transfers Other government current transfers include transactions in cash or in kind, other than those used in the previous code for current transfers-other sector. 1730 Non-life insurance premiums Nonlife insurance premiums consist of both the gross premiums payable by policyholders to obtain non-life insurance. These non-life insurance premiums are meant to protect against various events or accidents resulting in damage to goods or property or harm to persons as a result of natural or human causes fires, floods, crashes, collisions, sinkings, theft, violence, accidents, sickness, and so forth or against financial losses resulting from events such as sickness, unemployment, and accidents. 1731 Claims paid-out from non-life insurance Non-life insurance claims are the amounts payable in settlement of claims whose premiums become due at the moment when the event occurs that gives rise to a valid claim. 5. CAPITAL ACCOUNT 5.1 Government sector 2012 Capital grants Investment grants consist of capital transfers in cash or in kind made by governments or international organizations to other institutional units to finance all or part of the costs of their acquiring fixed assets. The recipients are other governments. The recipients are obliged to use investment grants received in cash for purposes of gross fixed capital formation, and these grants are often tied to specific investment projects, such as large construction projects. 2031 Other capital transactions of the government Major nonrecurrent payments in compensation for extensive damages or serious injuries not covered by insurance policies are included in capital transfers. The payments may be awarded by courts of law or by arbitration or settled out of court. They include payments of compensation for damages caused by major explosions, oil spillages, the side effects of pharmaceutical products, and so forth. Foreign Bank Accounts and Foreign Intercompany Accounts Guide for reporters 26

5.2 Other sectors 2120 Other capital transfers by other sectors Major nonrecurring payments in compensation for extensive damages or serious injuries not covered by insurance policies are included in capital transfers. These payments may be awarded by courts of law or by arbitration or settled out of court. They include payments of compensation for damages caused by major explosions oil spillages, the side effects of pharmaceutical products, and so forth. 5.3 Other capital account transactions 2130 Acquisition/disposal n.p.,n.f.a. Acquisition/disposal nonproduced, nonfinancial assets covers those contracts, leases, and licenses that are recognized as economic assets. These assets are creations of society and its legal system and are sometimes called intangible assets. Examples include marketable operating leases, permissions to use natural resources that are not recorded as outright ownership of those resources, permissions to undertake certain activities (including some government permits), and entitlements to purchase a good or service on an exclusive basis. 6. DIRECT INVESTMENT Net acquisition of financial assets 2211 Equity capital Injection of equity or shares by the reporting resident company in another company that is resident in another economy with the purpose of having a significant degree of influence or control over the management of that company. Note: The definition of having a significant degree of influence on an enterprise is when a resident directly owns a permanent interest equal to 10% or more in a nonresident enterprise. 2212 Intercompany lending extended to a foreign direct investment enterprise This category refers to intercompany lending extended by the reporting resident company to a nonresident enterprise in which it has a significant degree of influence or control over the management of this nonresident enterprise (foreign direct investment). 2213 Real estate Purchases of a land or building located in a different economy by the reporting resident company. 2214 Other intercompany lending extended to a foreign direct investment enterprise Other intercompany lending extended (other than those included in the previous code for direct investment) by the reporting resident company to a nonresident enterprise (foreign direct investment enterprise) in which it has a significant degree of influence or control over the management of this nonresident enterprise. 2216 Time share with ownership aspect Purchases of a time-share unit located in a different economy by reporting resident company. Foreign Bank Accounts and Foreign Intercompany Accounts Guide for reporters 27

2219 Trade credits extended to a foreign direct investment enterprise Trade credit extended by the reporting resident company to a nonresident enterprise in which it has a significant degree of influence or control over the management of this nonresident enterprise (foreign direct investment enterprise). 2227 Intercompany lending extended to a foreign direct investor or a foreign fellow enterprise Intercompany lending extended by the reporting resident company to a nonresident enterprise (foreign direct investor) in which it has a significant degree of influence or control over the management of this resident enterprise or to a nonresident-related entity (foreign fellow enterprise). 2228 Other intercompany lending extended to a foreign direct investor or a foreign fellow enterprise Other intercompany lending extended (other than those included in the previous code for direct investment) by the reporting resident company to a nonresident enterprise (foreign direct investor) that has a significant degree of influence or control over the management of this resident enterprise or to a nonresident-related entity (foreign fellow enterprises). 2229 Trade credits extended to a foreign direct investor or a foreign fellow enterprise Trade credit extended by the reporting resident company to a nonresident enterprise (foreign direct investor) of which has a significant degree of influence or control over the management of this resident enterprise or to a nonresidentrelated entity (foreign fellow enterprise). 2231 Debt securities issued by a foreign direct investment enterprise Debt securities held by the reporting resident company and issued by the nonresident enterprise (foreign direct investment enterprise) in which the resident reporting company has a significant degree of influence or control over the management of this nonresident enterprise. Note: The definition of debt securities is negotiable instruments serving as evidence of a debt. This definition covers all tradable securities, except those classified as equity securities, and includes bonds, debentures, notes, money market or similar instruments. 2241 Debt securities issued by a foreign direct investor or a fellow enterprise Debt securities held by the reporting resident company and issued by a nonresident enterprise (foreign direct investor) which has a significant degree of influence on the reporting resident company or issued by a nonresident-related entity (foreign fellow enterprises). Net incurrence of liabilities 2217 Intercompany lending received from a foreign direct investment enterprise When the reporting resident company with control or a significant degree of influence over the management of the nonresident enterprise (a foreign direct investment enterprise) received an intercompany lending from this nonresident enterprise. 2218 Other intercompany lending received from a foreign direct investment enterprise When the reporting resident company that has control or a significant degree of influence over the management of a nonresident enterprise (a foreign direct investment) received intercompany lending (other than those included in the previous code for direct investment) from this nonresident enterprise. Foreign Bank Accounts and Foreign Intercompany Accounts Guide for reporters 28

2220 Trade credits received from a foreign direct investment enterprise When the reporting resident company that is able to exercise control or a significant degree of influence over the management of the nonresident enterprise (a foreign direct investment enterprise) received a trade credit from this nonresident enterprise. 2221 Equity capital When a nonresident injected equity or shares in the reporting resident company with the purpose of having a significant degree of influence or control over the management of the reporting resident company. 2222 Intercompany lending received from a foreign direct investor or a foreign fellow enterprise When the resident reporting company received an intercompany lending from (1) a nonresident enterprise (a foreign direct investor) that has control or a significant degree of influence over the management of the reporting resident company or (2) a nonresident-related entity (a foreign fellow enterprise). 2223 Real estate When a nonresident purchased a land or building located in Aruba from the reporting resident company. 2224 Other intercompany lending received from a foreign direct investor or a foreign fellow enterprise When the reporting resident company received intercompany lending (other than those included in the previous code for direct investment) from a nonresident (a foreign direct investor) that has a significant degree of influence over the reporting resident company or from a nonresident-related entity (a foreign fellow enterprise). 2226 Time share with ownership aspect When a nonresident purchased a time-share unit located in Aruba from the reporting resident company. 2230 Trade credits received from a foreign direct investor or a foreign fellow enterprise When the reporting resident company received a trade credit from (1) the nonresident enterprise (a foreign direct investor) with control or a significant degree of influence over the management of the reporting resident company or (2) a nonresident-related entity (a foreign fellow enterprise). 2240 Debt securities held by a foreign direct investment enterprise When the reporting resident company that has control or a significant degree of influence over the management of a nonresident enterprise (a foreign direct investment enterprise) issued debt securities, which are held by this nonresident enterprise. 2242 Debt securities held by a foreign direct investor or a foreign fellow enterprise When the reporting resident company issued debt securities that are held by (1) a nonresident (a foreign direct investor) that has a significant degree of influence over the management of the reporting resident company or (2) a nonresident-related entity (a foreign fellow enterprise) Foreign Bank Accounts and Foreign Intercompany Accounts Guide for reporters 29

7. PORTFOLIO INVESTMENT Note: Portfolio investment is defined as cross-border transactions and positions involving marketable instruments consisting of debt or equity securities, other than those included in direct investment. Net acquisition of financial assets 2320 Equity When a resident in one economy purchases/sells marketable equity securities of a resident in another economy. 2321 Debt securities Long-term When a resident in one economy purchases/sells marketable bonds or notes from a resident in another economy. Note: Bonds and notes have primarily a long-term financial duration. 2322 Debt securities Short-term When a resident in one economy purchases/sells marketable money market instruments of a resident in another economy. Note: Money market instruments are funds that invest only or primarily in short-term money market securities such as treasury bills, certificates of deposit, and commercial paper. Net incurrence of liabilities 2310 Equity When a resident in another economy purchases/sells marketable securities from a resident. 2311 Debt securities Long-term When a resident in another economy purchases/sells marketable bonds or notes from a resident economy. 2312 Debt securities Short-term When a resident in another economy purchases/sells marketable money market instruments from a resident economy. 8. OTHER INVESTMENT Net acquisition of financial assets 2520 Loans extended/ receipt of payments with an original maturity 1 year Extension of a loan by a reporting resident company to a nonresident company or a natural person, with an original maturity 1 year, and the related receipts of payments from the nonresident company or natural persons in the future. 2531 Trade credit receipts/advance payments Receipts in relation to trade credit extended by the reporting resident company to a nonresident company on goods/services exported more than a year prior. Also advance payments (deposits) made by the reporting resident company to a nonresident company on goods/services to be imported later than a year from the present. Foreign Bank Accounts and Foreign Intercompany Accounts Guide for reporters 30

2540 Loans extended/ receipt of payments with an original maturity > 1 year Extension of a loan by the reporting resident company to a nonresident company or a natural person with an original maturity >1 year, and the future receipts of payments from the nonresident company or a natural person. 2550 Other financial assets transactions Transactions related to other financial assets of reporting resident companies on nonresident companies or a natural person, not included elsewhere. 2570 Transactions related to a life insurance contract held at a nonresident company Transactions related to a life insurance contract of a reporting resident company held at a nonresident company consisting of outgoing premium payments by the reporting resident company with subsequent receipts from the nonresident company in the future at the maturing of the contract. Net incurrence of liabilities 2420 Loans received/ repayments with an original maturity 1 year Receipt of a loan by the reporting resident company from a nonresident company or a natural person with an original maturity 1 year, and the related repayments by the reporting resident company in the future. 2431 Trade credit payments/ advance receipts Payments in relation to trade credit received by the reporting resident company from the nonresident company on goods/services imported more than a year prior. Advance payments (deposits) received by the reporting resident company from a nonresident company on goods/services to be exported later than a year from the present. 2440 Loans received/ repayments with time of maturity > 1 year Receipt of a loan by the reporting resident company from a nonresident company or a natural person with an original maturity > 1 year, and the related repayments by the reporting resident company in the future. 2450 Other financial liabilities transactions Transactions related to other financial liabilities of the reporting resident company to the nonresident company or a natural person, not included elsewhere. 2470 Transactions related to a life insurance contract held at a reporting resident company Transactions related to a life insurance contract of a nonresident company held at a reporting resident company consisting of incoming premium payments from the nonresident company or a natural person, with subsequent payments in the future at the maturing of the contract by the reporting resident company. 9. NEUTRAL CODES 5255 Transfers between a local commercial bank account (LCB) and a foreign investment account. Transfers between the LCB(s) of the reporting resident company and their foreign investment account(s). 5355 Transfers between a local commercial bank account (LCB) and a foreign intercompany account (FIA). Transfers between the LCB(s) of the reporting resident company and their FIA(s). Foreign Bank Accounts and Foreign Intercompany Accounts Guide for reporters 31

5455 Transfers between a local commercial bank account (LCB) and a foreign bank account (FBA). Transfers between the LCB (s) of the reporting resident company and their FBA(s). 5555 Transfers between the foreign accounts, that are the FBA(s) and FIA(S). Transfers consist of the following: - Transfers of cash between the FBAs of the reporting resident company (FBA FBA). - Transfers of cash between the FBA(s) and FIA(s) of the reporting resident company (FBA FIA). - Settlement of balances (e.g. settlement of a receivable with a payable) between the FIAs of the reporting resident company (FIA FIA). Foreign Bank Accounts and Foreign Intercompany Accounts Guide for reporters 32

Annex 3: Country codes Country code AF AL DZ AS AD AO AI AG AR AM AW AU AT AZ BS BH BD BB BY BE BZ BJ BM BT BO BQ BA BW BR IO BN BG BF BI KH CM CA CV KY CF TD CL CN CX CC Country name Afghanistan, Islamic State of Albania Algeria American Samoa Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Australia Austria Azerbaijan Bahamas, The Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire (BES islands) Bosnia and Herzegovina Botswana Brazil British Indian Ocean Territory Brunei Darussalam Bulgaria Burkina Faso Burundi Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Chad Chile China, P.R. Christmas Island Cocos (Keeling) Islands Foreign Bank Accounts and Foreign Intercompany Accounts Guide for reporters 33

Country code Country name CO Colombia KM Comoros CD Congo, Dem. Rep. of CG Congo, Rep. of CK Cook Islands CR Costa Rica CI Côte d'ivoire HR Croatia CU Cuba CW Curaçao CY Cyprus CZ Czech Republic DK Denmark DJ Djibouti DM Dominica DO Dominican Republic EC Ecuador EG Egypt SV El Salvador GQ Equatorial Guinea ER Eritrea EE Estonia ET Ethiopia FK Falkland Islands (Malvinas) FO Faroe Islands FJ Fiji FI Finland FR France GF French Guiana PF French Polynesia TF French Southern Territories GA Gabon GM Gambia, The GE Georgia DE Germany GH Ghana GI Gibraltar GR Greece GL Greenland GD Grenada GP Guadeloupe GU Guam GT Guatemala GG Guernsey GN Guinea GW Guinea-Bissau GY Guyana HT Haiti HN Honduras Foreign Bank Accounts and Foreign Intercompany Accounts Guide for reporters 34

Country code Country name HK Hong Kong SAR of China HU Hungary IS Iceland IN India ID Indonesia IR Iran, Islamic Republic of IQ Iraq IE Ireland IM Isle of Man IL Israel IT Italy JM Jamaica JP Japan JE Jersey JO Jordan KZ Kazakhstan KE Kenya KI Kiribati KP Korea, Democratic People's Republic of KR Korea, Republic of KW Kuwait KG Kyrgyz Republic LA Lao People's Democratic Republic LV Latvia LB Lebanon LS Lesotho LR Liberia LY Libya LI Liechtenstein LT Lithuania LU Luxembourg MO Macao SAR of China MK Macedonia, FYR MG Madagascar MW Malawi MY Malaysia MV Maldives ML Mali MT Malta MH Marshall Islands MQ Martinique MR Mauritania MU Mauritius YT Mayotte MX Mexico FM Micronesia, Federated States of MD Moldova MC Monaco MN Mongolia Foreign Bank Accounts and Foreign Intercompany Accounts Guide for reporters 35

Country code Country name MS Montserrat MA Morocco MZ Mozambique MM Myanmar NA Namibia NR Nauru NP Nepal NL Netherlands NC New Caledonia NZ New Zealand NI Nicaragua NE Niger NG Nigeria NU Niue NF Norfolk Island NO Norway OM Oman PK Pakistan PW Palau PA Panama PG Papua New Guinea PY Paraguay PE Peru PH Philippines PN Pitcairn PL Poland PT Portugal PR Puerto Rico QA Qatar RE Réunion RO Romania RU Russian Federation RW Rwanda SH St. Helena KN St. Kitts and Nevis LC St. Lucia PM St. Pierre and Miquelon VC St. Vincent and the Grenadines BQ Saba (BES islands) WS Samoa SM San Marino ST São Tomé and Príncipe SA Saudi Arabia SN Senegal YU Serbia and Montenegro SC Seychelles SL Sierra Leone SG Singapore BQ Sint-Eustatius (BES islands) Foreign Bank Accounts and Foreign Intercompany Accounts Guide for reporters 36

Country code SX SK SI SB SO ZA ES LK SD SR SZ SE CH SY TW TJ TZ TH TP TG TK TO TT TN TR TM TC TV UG UA AE GB US UM UY UZ VU VA VE VN VG VI WF PS EH YE ZM ZW Country name Sint-Maarten Slovak Republic Slovenia Solomon Islands Somalia South Africa Spain Sri Lanka Sudan Suriname Swaziland Sweden Switzerland Syrian Arab Republic Taiwan Province of China Tajikistan Tanzania Thailand Timor-Leste Togo Tokelau Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Tuvalu Uganda Ukraine United Arab Emirates United Kingdom United States United States Minor Outlying Islands Uruguay Uzbekistan Vanuatu Vatican City State Venezuela, República Bolivariana de Vietnam Virgin Islands, British Virgin Islands, U.S. Wallis and Futuna Islands West Bank and Gaza Strip Western Sahara Yemen, Republic of Zambia Zimbabwe Foreign Bank Accounts and Foreign Intercompany Accounts Guide for reporters 37

Annex 4: Currency codes Currency code Currency Jurisdiction / Country AFA Afghani Afghanistan, I.S. of ALL Lek Albania DZD Algerian dinar Algeria ADP Andorran peseta Andorra AOA Kwanza Angola XCD East Caribbean dollar Anguilla XCD East Caribbean dollar Antigua and Barbuda ARS Peso Argentina AMD Dram Armenia AWG Aruban guilder/florin Aruba AUD Australian dollar Australia ATS Schilling Austria EUR Euro Austria AZM Manat Azerbaijan BSD Baharnian dollar Bahamas, The BHD Bahraini dinar Bahrain BDT Taka Bangladesh XAF CFA franc BEAC Bank of Central African States BBD Barbados dollar Barbados BYR Belarusian rubel Belarus BEF Belgium franc Belgium EUR Euro Belgium BZD Belize dollar Belize XOF CFA franc BCEAO Benin BMD Bermuda dollar Bermuda BTN Ngultrum Bhutan BOB Boliviano Bolivia USD United States dollar Bonaire BAM Convertible marka Bosnia and Herzegovina BWP Pula Botswana BRL Real Brazil BND Brunel dollar Brunei Darussalam BGL Lev Bulgaria XOF CFA franc BCEAO Burkina Faso BIF Burundi franc Burundi KHR Riel Cambodia XAF CFA franc BEAC Cameroon CAD Canadian dollar Canada CVE Cape Verde escudo Cape Verde KYD Cayman Islands dollar Cayman Islands XAF CFA franc BEAC Central African Republic XOF CFA franc BCEAO Central Bank of West African States XAF CFA franc BEAC Chad CLP Chilean peso Chile CNY Yuan China, People's Republic of Foreign Bank Accounts and Foreign Intercompany Accounts Guide for reporters 38

Currency code Currency Jurisdiction / Country COP Colombian peso Colombia KMF Comorian franc Comoros CDF Franc congolais Congo, Democratic Republic of XAF Congo franc Congo, Republic of CRC Costa Rican colon Costa Rica XOF CFA franc BCEAO Cote d'ivoire HRK Kuna Croatia CUP Cuban peso Cuba ANG Netherlands Antillean guilder Curaçao CYP Cyprus pound Cyprus CZK Czech koruna Czech Republic DKK Danish krone Denmark DJF Djibouti franc Djibouti XCD East Caribbean dollar Dominica DOP Dominican peso Dominican Republic XCD East Caribbean dollar East Caribbean TPE Timor escudo East Timor EGP Egyptian pound Egypt SVC El Salvador colon El Salvador XAF CFA franc BEAC Equatorial Guinea ERN Nafka Eritrea EEK Estonian kroon Estonia ETB Ethiopian birr Ethiopia FKP Falkland Islands pound Falkland Islands FJD Fiji dollar Fiji FIM Markka Finland EUR Euro Finland FRF French franc France EUR Euro France XPF CPF franc French Polynesia XAF CFA franc BEAC Gabon GMD Dalasi Gambia, The GEL Lari Georgia DEM Deutsche mark Germany EUR Euro Germany GHC Cedi Ghana GIP Gibraltar pound Gibraltar GDR Drachma Greece EUR Euro Greece XCD East Caribbean dollar Grenada GTQ Quetzal Guatemala GGP Guernsey pound Guernsey, C.I. GNF Guinean franc Guinea XOF CFA franc BCEAO Guinea-Bissau GYD Guyana dollar Guyana HTG Gourde Haiti HNL Lempira Honduras HKD Hong Kong dollar Hong Kong SAR HUF Forint Hungary Foreign Bank Accounts and Foreign Intercompany Accounts Guide for reporters 39

Currency code Currency Jurisdiction / Country ISK Icelandic krona Iceland INR Indian rupee India IDR Rupiah Indonesia IRR Iranian rial Iran, Islamic Republic of IQD Iraqi dinar Iraq IEP Irish pound Ireland EUR Euro Ireland IMP Manx pound Isle of Man ILS New shekel Israel ITL Itailian lira Italy EUR Euro Italy JMD Jamaican dollar Jamaica JPY Yen Japan JEP Jersey pound Jersey, C.I. JOD Jordanian dinar Jordan KZT Tenge Kazakhstan KES Kenya shilling Kenya KPW DPRK won Korea, Democratic People's Republic of (North) KRW Republic of Korea won Korea, Republic of (South) KWD Kuwaiti dinar Kuwait KGS Som Kyrgyz Republic LAK Kip Lao, P.D.R. LVL Lats Latvia LBP Lebanese pound Lebanon LSL Loti Lesotho LRD Liberian dollar Liberia LYD Libyan dinar Libya LTL Litas Lithuania LUF Luxembourg franc Luxembourg EUR Euro Luxembourg MOP Pataca Macao SAR MKD Denar Macedonia, FYR of MGF Malagasy franc Madagascar MWK Kwacha Malawi MYR Malaysian ringgit Malaysia MVR Rufiyan Maldives XOF CFA franc BCEAO Mali MTL Maltese lira Malta MRO Ouguiya Mauritania MUR Mauritian rupee Mauritius MXN Mexican peso Mexico MDL Leu Moldova MNT Togrog Mongolia XCD East Caribbean dollar Montserrat MAD Moroccan dirham Morocco MZM Metical Mozambique MMK Kyat Myanmar NAD Namibia dollar Namibia NPR Nepalese rupee Nepal Foreign Bank Accounts and Foreign Intercompany Accounts Guide for reporters 40

Currency code Currency Jurisdiction / Country NLG Netherlands guilder Netherlands EUR Euro Netherlands XPF CFP franc New Caledonia NZD New Zealand dollar New Zealand NIC Cordoba Nicaragua XOF CFA franc BCEAO Niger NGN Naira Nigeria NOK Norwegian krone Norway OMR Rial Omani Oman PKR Pakistan rupee Pakistan PAB Balboa Panama PGK Kina Papua New Guinea PYG Guarani Paraguay PEN New sol Peru PHP Philippines peso Philippines PLN Zloty Poland PTE Portuguese escudo Portugal EUR Euro Portugal QAR Qatar riyal Qatar ROL Leu Romania RUB Ruble Russian Federation RWF Rwanda franc Rwanda SHP St. Helena pound St. Helena XCD East Caribbean dollar St. Kitts and Nevis XCD East Caribbean dollar St. Lucia XCD East Caribbean dollar St. Vincent and the Grenadines USD United States dollar Saba WST Tala Samoa STD Dobra São Tomé and Príncipe SAR Saudi Arabian riyal Saudi Arabia XOF CFA franc BCEAO Senegal SCR Seychelles rupee Seychelles SLL Leone Sierra Leone SGD Singapore dollar Singapore USD United States dollar Sint-Eustatius ANG Netherlands Antillean guilder Sint-Maarten SKK Slovak koruna Slovak Republic SIT Tolar Slovenia SBD Solomon Islands dollar Solomon Islands SOS Somali shilling Somalia ZAR Rand South Africa ESP Spanish peseta Spain EUR Euro Spain LKR Sri Lanka rupee Sri Lanka SDD Sudanese dinar Sudan SRD Suriname dollar Suriname SZL Lilangeni Swaziland SEK Swedish krona Sweden CHF Swiss franc Switzerland Foreign Bank Accounts and Foreign Intercompany Accounts Guide for reporters 41

Currency code Currency Jurisdiction / Country SYP Syrian pound Syrian Arab Republic TWD New Taiwan dollar Taiwan Province of China TJS Somoni Tajikistan TZS Tanzanian shilling Tanzania THB Baht Thailand XOF CFA franc BCEAO Togo TOP Pa'anga Tonga TTD Trinidad and Tobago dollar Trinidad and Tobago TND Tunisian dinar Tunisia TRL Turksih lira Turkey TMM Manat Turkmenistan UGX Uganda shilling Uganda UAH Hryvnia Ukraine AED Dirham United Arab Emirates GBP Pound sterling United Kingdom USD United States dollar United States UYS Uruguayan peso Uruguay UZS Uzbek sum Uzbekistan VUV Vatu Vanuatu VEB Bolivar Venezuela, Rep. Bolivariana De VND Dong Vietnam XPF CFP franc Wallis and Futuna Islands YER Yemeni rial Yemen, Republic of YUM Yugoslav dinar Yugoslavia, Fed. Rep. of ZMK Kwacha Zambia ZWD Zimbabwe dollar Zimbabwe Foreign Bank Accounts and Foreign Intercompany Accounts Guide for reporters 42

Annex 5: Notification form Foreign Assets and Liabilities Accounts Notification form - Foreign Assets and Liabilities Accounts (Notification form - FALAs) This notification is required in accordance with article 8 of the State Ordinance Foreign Exchange Transactions (SOFET) and the Decree on Balance of Payments Reporting Instructions 2013 (RI 2013) I. General information of the reporting resident company Company legal name: Company trade name: Company statutory seat: Chamber of commerce #: Company address: Contact person: Telephone / fax: / E-mail address: Unique reporter code: (please contact the Statistics Department of the CBA if you do not have a unique reporter code) For the sector classification, please fill out the principal activity of the reporting resident company, based on turnover, by selecting the (only one) letter applicable from the following sector classification: A. Agriculture, hunting and forestry I. Transport, storage and communications B. Fishing J.1 Financial intermediation (banks) C. Mining and quarrying J.2 Finance and insurance D. Manufacturing K. Real estate, renting and business activities E. Electricity, gas and water supply L. Public administration, defense, etc. F. Construction M. Education G. Wholesale and retail trade N. Health and social work H. Hotel and restaurants O. Other community, social service activities More information on the sector classification is available on the website of the Central Bureau of Statistics (www.cbs.aw/standards/classifications/international Standard Industrial Classification of Aruba (ISIC) 2007). Foreign Bank Accounts and Foreign Intercompany Accounts Guide for reporters 43

II. Information on Foreign Assets and Liabilities Accounts 1/ 1. Does the reporting resident company maintain one or more Foreign Bank Account(s) (FBAs) outside Aruba? (FBAs comprise current, checking, interest checking, savings, and time-deposit accounts.) yes no If yes, please provide detailed information in Part III.1 - Notification FBA and FIA and then continue to question 2. If no, please continue to question 2. 2. Does the reporting resident company hold one or more Foreign Intercompany Account(s) (FIAs) with affiliated companies outside Aruba? (FIAs comprise intercompany lending (both liability and claim) between the reporting resident company and its foreign affiliated company, consisting of debt instruments such as debt securities, loans, trade credit and advances, and accounts payable/receivable.) yes no If yes, please provide detailed information in Part III.2 - Notification FBA and FIA and then continue to question 3. If no, please continue to question 3. 3. Did the reporting resident company effectuate transactions with nonresidents through Other Foreign Assets and Liabilities Accounts mentioned in part IV in the past twelve months for a total amount exceeding Afl. 750,000? yes no If yes, please continue to Part IV - Types of Other Foreign Assets and Liabilities Accounts. If no, please continue to question 4. 4. Did the reporting resident company hold Other Foreign Assets and Liabilities Accounts mentioned in Part IV at year ending (December 31 - of last year) for an amount greater than Afl. 750,000? yes no If yes, please continue to Part IV - Types of Other Foreign Assets and Liabilities Accounts. If no, please sign the Notification form- FALAs and then return it to the CBA. 1/ A Framework for Classification of Foreign Assets and Liabilities Accounts is included in attachment 1. Foreign Bank Accounts and Foreign Intercompany Accounts Guide for reporters 44

III. Notification FBA and FIA III.1 Notification Foreign Bank Account(s) (FBAs) Name of the foreign bank/ Account number Opening date Type of account code*/1 Country Currency 1. / 2. / 3. / 4. / 5. / */1 Current account: CUA Checking account: CHK Interest checking: INC Savings account: SAV Time-deposit account: TDA Other type of account: OTA,. III. 2 Notification Foreign Intercompany Account(s) (FIAs) 1. 2. 3. 4. 5. Name of the nonresident company Opening date Type of account code*/2 Country Currency */2: Debt security asset: DSA Debt security loan: DSL Loan asset: LOA Loan liability: LOL Trade credit asset: TCA Trade credit liability: TCL Trade advance asset: TAA Trade advance liability: TAL Accounts receivable/payable: ARP Reporting instructions: 1) All transactions settled through a notified FBA(s) and FIA(s) must be reported to the CBA using the quarterly reporting forms for holders of Foreign Bank Account and Foreign Intercompany Account (FBA and FIA reporting forms) available in Excel format. The FBA and FIA reporting forms and the Foreign Bank Accounts and Foreign Intercompany Accounts: Guide for Reporters, are available on the CBA's website: www.cbaruba.org. 2) If the purpose of any account is changed, or any account is closed and/or a new one is opened, the Statistics Department of the CBA must immediately be informed by sending an updated version of Notification form - FALAs. Foreign Bank Accounts and Foreign Intercompany Accounts Guide for reporters 45

IV. Types of Other Foreign Assets and Liabilities Accounts IV.1 Direct Investment IV.1.1 Does the reporting resident company have a permanent interest equal to 10% or more in a nonresident company? yes no IV.1.2 Does a nonresident have a permanent interest equal to 10% or more in the reporting resident company? yes no IV.1.3 Does the reporting resident company purchase/sell real estate from/to nonresidents? yes no If yes is checked to any Direct Investment questions (IV.1), an annual Direct Investment Survey (DIS) 2/ is required from the reporting resident company. IV.2 Portfolio Investment IV.2.1 yes no Did the reporting resident company issue securities abroad? IV.2.2 Does the reporting resident company have investments in securities issued by nonresidents? yes no If yes is checked to any Portfolio Investment questions (IV.2 ), a quarterly Portfolio Investment Report (PIR) 2/ and an annual Coordinated Portfolio Investment Survey (CPIS) 2/ are required from the reporting resident company. IV.3 Other investment IV.3.1 Does the reporting resident company hold other foreign assets that are not specified above? yes no If yes is checked to question IV.3.1, an annual Other Investment Assets Survey (OIAS) 2/ is required from the reporting resident company. IV.3.2 Does the reporting resident company hold other foreign liabilities that are not specified above? yes no If yes is checked to question IV.3.2, an annual External Debt Statistics Survey (EDSS) 2/ is required from the reporting resident company. 2/ For more information on the surveys, please refer to www.cbaruba.org. Foreign Bank Accounts and Foreign Intercompany Accounts Guide for reporters 46

The reporting resident company hereby truthfully submits all information that de Centrale Bank van Aruba (CBA) requires for the purpose of compiling the Balance of Payments of Aruba and authorizes the CBA to release this information to the local foreign exchange banks regarding the notified foreign bank account(s) and foreign intercompany account(s), which entails, inter alia, the name of the foreign bank and the account number, and the name of the foreign affiliated company(s) with which the foreign intercompany account(s) is/are held. Signed by: Signature: Date: Telephone: The signed Notification form - FALAs should be sent to: Centrale Bank van Aruba Statistics Department J.E. Irausquin Boulevard 8 Oranjestad, Aruba or by email: reports@cbaruba.org. For questions on this notification form, please contact one of the following staff members of the Statistics Department: 1. Debby Koolman-Hart Telephone: 525-2167 Email: e.x.d.koolman-hart@cbaruba.org 2. Jolina Hoftijzer-Maduro Telephone: 525-2191 Email: v.j.maduro@cbaruba.org 3. Omaira Franken-Figaroa Telephone: 525-2112 Email: o.figaroa@cbaruba.org Foreign Bank Accounts and Foreign Intercompany Accounts Guide for reporters 47

Attachment 1 FRAMEWORK FOR CLASSIFICATION OF FOREIGN ASSETS AND LIABILITIES ACCOUNTS Investment in EQUITY SECURITIES DI SHAREHOLDERS EQUITY DI Share capital BANKS FBA Additional paid-in capital Retained earnings Investment in DEBT SECURITIES 1 DEBT SECURITIES 1 - related party FIA - related party FIA - not related party PI - not related party PI LOANS LOANS - related party FIA - related party FIA - not related party OI - not related party OI CURRENT ACCOUNT/ DUE FROM related companies FIA CURRENT ACCOUNT/ DUE TO related companies FIA TRADE CREDIT AND ADVANCES TRADE CREDIT AND ADVANCES - related party FIA - related party FIA - not related party OI - not related party OI ACCOUNTS RECEIVABLE AND OTHER ASSETS ACCOUNTS PAYABLE AND OTHER LIABLITIES - related party FIA - related party FIA - not related party OI - not related party OI 1 i.e. bonds and notes, money market instruments, treasury bills. BALANCE SHEET the focus should be on the foreign/ nonresident part of the assets and liabilities accounts FBA= Foreign Bank Account DI= Direct Investment PI= Portfolio Investment FIA= Foreign Intercompany Account OI= Other Investment Foreign Bank Accounts and Foreign Intercompany Accounts Guide for reporters 48

Annex 6: Decree on Balance of Payments Reporting Instructions 2013 A copy of the signed Decree RI 2013 follows on the next page. Foreign Bank Accounts and Foreign Intercompany Accounts Guide for reporters 49