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The following transaction-level fields apply to all NGN payments to Nigeria via local bank transfer.

Field Description RequiredTypeConstraints
purposeCodePurpose of paymentRequiredENUMMax 5 chars. See valid values below

Purpose of payment codes

CodeDescription
ACCTAccount management
ADCSAdvisory donation copyright services
ADVAAdvance payment
AEMPActive employment policy
AGRTAgricultural transfer
AIRBAir
ALLWAllowance
ALMYAlimony payment
ANNIAnnuity
ANTSAnesthesia services
ARENAccounts receivables entry
BBSCBaby bonus scheme
BCDMBearer cheque domestic
BCFGBearer cheque foreign
BECHChild benefit
BFWDBond forward
BKDFBank loan delayed draw funding
BKFEBank loan fees
BKFMBank loan funding memo
BKIPBank loan accrued interest payment
BKPPBank loan principal paydown
BLDMBuilding maintenance
BNETBond forward netting
BOCEBack office conversion entry
BONUBonus payment
BUSBBus
CAFICustodian management fee in-house
CASHCash management transfer
CBFFCapital building
CBFRCapital building retirement
CBLKCard bulk clearing
CBTVCable TV bill
CCHDCash compensation, helplessness, disability
CCIRCross currency IRS
CCRDCredit card payment
CDBLCredit card bill
CDCBCard payment with cashback
CDCDCash disbursement cash settlement
CDCSCash disbursement with surcharging
CDDPCard deferred payment
CDEPCredit default event payment
CDOCOriginal credit
CDQCQuasi-cash
CFDICapital falling due in-house
CFEECancellation fee
CGDDCard generated direct debit
CHARCharity payment
CLPRCar loan principal repayment
CMDTCommodity transfer
COLLCollection payment
COMCCommercial payment
COMMCommission
COMPCompensation payment
COMTConsumer third party consolidated payment
CORTTrade settlement payment
COSTCosts
CPKCCarpark charges
CRDSCredit default swap
CRPRCross product
CRSPCredit support
CRTLCredit line
CSDBCash disbursement cash management
CSLPCompany social loan payment to bank
CVCFConvalescent care facility
DBTCDebit collection payment
DCRDDebit card payment
DEPTDeposit
DERIDerivatives
DIVDDividend
DMEQDurable medicale equipment
DNTSDental services
DSMTPrinted order disbursement
DVPMDeliver against payment
ECPRE-payment return
ECPUNon-guaranteed e-payment
EDUCEducation
ELECElectricity bill
ENRGEnergies
EQPTEquity option
EQUSEquity swap
ESTXEstate tax
ETUPE-Purse top up
EXPTExotic option
EXTDExchange traded derivatives
FACTFactor update related payment
FAMIFamily supported related payments
FANDFinancial aid in case of natural disaster
FCOLFee collection
FCPMLate payment of fees & charges
FEESPayment of fees
FERBFerry
FIXIFixed income
FNETFutures netting payment
FORWForward foreign exchange
FREXForeign exchange
FUTRFutures
FWBCForward broker owned cash collateral
FWCCForward client owned cash collateral
FWLVForeign worker levy
FWSBForward broker owned cash collateral segregated
FWSCForward client owned segregated cash collateral
FXNTForeign exchange related netting
GASBGas bill
GDDPPurchase or sale of daily provisions
GDDSPurchase or sale of goods
GDFRPurchase or sale of goods fashion and retail cosmetics
GDSVPurchase sale of goods and services
GELEPurchase or sale of goods electronics
GFRPGuarantee fund rights payment
GIFTGift
GOVIGovernment insurance
GOVTGovernment payment
GSCBPurchase or sale of goods and services with cashback
GSTXGoods & services tax
GTOYPurchase or sale of goods toys
GVEAAustrian government employees Category A
GVEBAustrian government employees Category B
GVECAustrian government employees Category C
GVEDAustrian government employees Category D
HEDGHedging
HLRPHousing loan repayment
HLSTHome loan settlement
HLTCHome health care
HLTIHealth insurance
HRECHousing related contribution
HSPCHospital care
HSTXHousing tax
ICCPIrrevocable credit card payment
ICRFIntermediate care facility
IDCPIrrevocable debit card payment
INPCInsurance premium car
INPRInsurance premium refund
INSCPayment of insurance claim
INSMInstallment
INSUInsurance premium
INTEInterest
INTXIncome tax
INVSInvestment & securities
IPAYInstant payments
IPCAInstant payments cancellation
IPDOInstant payments for donations
IPEAInstant payments in E-Commerce without address data
IPECInstant payments in E-Commerce with address data
IPEWInstant payments in E-Commerce
IPPSInstant payments at POS
IPRTInstant payments return
IPU2Instant payments unattended vending machine with 2FA
IPUWInstant payments unattended vending machine without 2FA
IVPTInvoice payment
LBINLending buy-in netting
LBRILabor insurance
LCOLLending cash collateral free movement
LFEELending fees
LICFLicense fee
LIFILife insurance
LIMALiquidity management
LMEQLending equity marked-to-market cash collateral
LMFILending fixed income marked-to-market cash collateral
LMRKLending unspecified type of marked-to-market cash collateral
LOANLoan
LOARLoan repayment
LREBLending rebate payments
LREVLending revenue payments
LSFLLending claim payment
LTCFLong term care facility
MAFCMedical aid fund contribution
MARFMedical aid refund
MARGDaily margin on listed derivatives
MBSBMBS broker owned cash collateral
MBSCMBS client owned cash collateral
MDCSMedical services
MGCCFutures initial margin
MGSCFutures initial margin client owned segregated cash collateral
MISCMiscellaneous
MP2BMobile P2B payment
MP2PMobile P2P payment
MSVCMultiple service types
MTUPMobile top up
NETTNetting
NITXNet income tax
NOWSNot otherwise specified
NWCHNetwork charge
NWCMNetwork communication
OCCCClient owned OCC pledged collateral
OCDMOrder cheque domestic
OCFGOrder cheque foreign
OFEEOpening fee
OPBCOTC option broker owned cash collateral
OPCCOTC option client owned cash collateral
OPSBOTC option broker owned segregated cash collateral
OPSCOTC option client owned cash segregated cash collateral
OTCDOTC derivatives
OTHROther
OTLCOther telecom related bill
PADDPreauthorized debit
PAYRPayroll
PEFCPension fund contribution
PENOPayment based on enforcement order
PENSPension payment
PHONTelephone bill
POPEPoint of purchase entry
PPTIProperty insurance
PRCPPrice payment
PRMEPrecious metal
PTSPPayment terms
PTXPProperty tax
RCKERe-presented check entry
RCPTReceipt payment
RDTXRoad tax
REBTRebate
REFURefund
RELGRental lease general
REMTRemittance
RENTRent
REODAccount overdraft repayment
REPORepurchase agreement
RHBSRehabilitation support
RIMBReimbursement of a previous erroneous transaction
RINPRecurring installment payment
RLWYRailway
ROYARoyalties
RPBCBi-lateral repo broker owned collateral
RPCCRepo client owned collateral
RPNTBi-lateral repo internet netting
RPSBBi-lateral repo broker owned segregated cash collateral
RPSCBi-lateral repo client owned segregated cash collateral
RRBNRound robin
RRCTReimbursement received credit transfer
RVPMReceive against payment
RVPOReverse repurchase agreement
SALASalary payment
SAVGSavings
SBSCSecurities buy sell sell buy back
SCEXPurchase or sale of services exhibition
SCHRPurchase or sale of services human resource
SCIESingle currency IRS exotic
SCINPurchase or sale of services interpretation
SCIRSingle currency IRS
SCRPSecurities cross products
SCSDPurchase or sale of services software development
SCTSPurchase or sale of services translation
SCTXService tax
SCVEPurchase sale of services
SCWDPurchase or sale of services web design or development
SECUSecurities
SEPISecurities purchase in-house
SERVService charges
SHBCBroker owned collateral short sale
SHCCClient owned collateral short sale
SHSLShort sell
SLEBSecurities lending and borrowing
SLOASecured loan
SLPIPayment slip instruction
SPLTSplit payments
SPSPSalary pension sum payment
SRAGPurchase or sale of services estate agency
SSBESocial security benefit
STDYStudy
SUBSSubscription
SUPPSupplier payment
SWBCSwap broker owned cash collateral
SWCCSwap client owned cash collateral
SWFPSwap contract final payment
SWPPSwap contract partial payment
SWPTSwaption
SWRSSwap contract reset payment
SWSBSwaps broker owned segregated cash collateral
SWSCSwaps client owned segregated cash collateral
SWUFSwap contract upfront payment
TAXRTax refund
TAXSTax payment
TBANTBA pair-off netting
TBASTo be announced
TBBCTBA broker owned cash collateral
TBCCTBA client owned cash collateral
TBILTelecommunications bill
TCSCTown council service charges
TELITelephone-initiated transaction
TLRFNon-US mutual fund trailer fee payment
TLRRNon-US mutual fund trailer fee rebate payment
TMPGTMPG claim payment
TRADTrade services
TRCPTreasury cross product
TREATreasury payment
TRFDTrust fund
TRNCTruncated payment slip
TRPTRoad pricing
TRVCTraveller cheque
UBILUtilities
UNITUnit trust purchase
VATXValue added tax payment
VIEWVision care
WEBIInternet-initiated transaction
WHLDWithholding
WTERWater bill