CODE LISTS FOR REPORTING OF EXTERNAL SECTOR TRANSACTIONS BY THE AUTHORISED DEALERS (2018-EDITION) ISSUED BY STATISTICS DEPARTMENT BANGLADESH BANK Code Lists for Reporting of External Sector Transactions by the Authorised Dealers as per BPM6 1st Published 2011 1st edition 2012 2nd edition 2018 Please any clarification contract with Md. Mohib Ullah Mia, Deputy general Manager, Phone:------------- ; e-mail:--- ---------------- and Shehan Uddin Khan, Joint Director, Phone:------------- ; e-mail:------------------- Price: BDT ------- Please purchase from Department of Printing and Publications, Bangladesh Bank, Head office, Motijheel, Dhaka- 1000, with demand letter of Authorized Dealers Bank Branch. Published by ---------------, Department of Printing and Publications, Bangladesh Bank, Head office, Motijheel, Dhaka-1000, Phone:------------- Fax:-------------; e-mail:------------------- Printed by ______________ 2 PREFACE Introduction 1. The release of the second edition of the “ Code Lists for Reporting of External Sector Transactions by the Authorized Dealers” by the Bangladesh Bank, Statistics Department for reporting of foreign exchange transactions. It is the initiative to updates the first edition published in 2012, providing guidance to Authorized Dealers on the various statements and schedules of foreign exchange transactions data. 2. It includes the revised and updated lists of codes, specially invisible receipts and payments on the basis of IMF’s Balance of Payments Manual (BPM6) which will be used by the Authorized Dealers(ADs) in reporting foreign exchange transactions related periods, Authorized Dealers identity, Money Changers identity, currency, region/country/territory, quantity, unit, invisible receipts and payments related transactions. Commodity description codes for visible receipts (Export) and payments (Import) transactions are not included in this guideline. Authorized Dealers are required to use the book ‘The Customs Act, 1969 (Act IV of 1969), Gi First Schedule Gi cÖwZ¯’vcbÕ [General Rules for the Interpretation of the Harmonized System] published by NBR for coding the commodities, unit and volume concerned. 3. The committee was formed consisting of five officials of Balance of Payments (BOP) and Foreign Investment & External Debt (FIED) division of the Statistics Department. The committee considered proposals, suggestion and options for the improvement of the style and content of the revised guideline. It also incorporated new transactions and description of Central Product Classifications (CPC), version 2.1 of services in Code-5, and Code -7. 4. Draft versions of the code list were published on the Bangladesh Bank website in February,2018 and comment was invited within a deadline of one month from the Authorized Dealers and other stakeholders. About 60 set of comment were received from ………….and ……….. 5. Furthermore, an expert review of the draft version was undertaken in March.2018 by the head of the committee to identify any inconsistencies or omissions in the document, and to check the consistency with BPM6. 6. Authorized Dealers must exercise utmost care in inserting correct codes for reporting their foreign exchange transactions to Bangladesh Bank as per requirements laid down in the Guidelines for Foreign Exchange Transactions, volume -1 & Guidelines for Foreign Exchange Transactions, volume 2. Authorized Dealers may contact with the Statistics Department or the Foreign Exchange Policy Department of Bangladesh Bank for any kind of clarification. 3 Acknowledgments 1. The “Code Lists for Reporting of External Sector Transactions by the Authorized Dealers” was produced under the direction of Abu Hena Mohd. Razee Hassan, Deputy Governor; A.K.M. Fazlul Haque Mia, Executive Director(Specialized); Mizanur Rahman, Ex.General Manager; Nabadwip Chandra Biswas, Deputy General Manager; Dr. Muhammad Amir Hossain, Deputy General Manager; Md. Masud Aktar Talukder, Deputy General Manager and other relevant officials of the BOP and FIED division contributed to improve this guideline. 2. The “Code Lists for Reporting of External Sector Transactions by the Authorized Dealers” was prepared under the auspices of the Committee. The “Code Lists for Reporting of External Sector Transactions by the Authorized Dealers” benefited immensely from the expert advice of Committee members throughout the process; their contribution was crucial to the success of the guideline. The Statistics Department wishes to acknowledge, with thanks, the members. Members a) Md. Mohib Ullah Mia, Deputy General Manager b) Muhammad Monsur Ahmed, Joint Director c) Shehan Uddin Khan, Joint Director d) Naznin Sultana, Deputy Director e) Md. Mahbubur Rahman Prodhan, Deputy Director 3. The “Code Lists for Reporting of External Sector Transactions by the Authorized Dealers” also benefited from comments by foreign exchange transactions compiler of Authorized Dealers and other stakeholders. The Bangladesh Bank, Statistics Department acknowledges, with gratitude, their contributions. Roksana Begum, General Manager. Statistics Department Bangladesh Bank Head Office, Dhaka February, 2018 4 CONTENTS SL CODE LIST DESCRIPTION AND CODES PAGE 1. CODE-0 Period 7 2. CODE-1 Authorised Dealers 9-66 ANNEXURE 3. Offshore Banking Units 69-77 (CODE-1) 4. CODE-2 Currencies 80-82 5. CODE-3 Region/Country/Territory/International Bodies 85-102 6. CODE-4 Money Changers 105-120 7. CODE-5 Invisible Receipts 123-252 8. CODE-7 Invisible Payments 255-384 9. CODE-8 Department/Category/Sector 387 10. CODE-9 Quantity/Unit 390 ANNEXURE Invisible Receipts (Bangladesh Bank’s use only for central 11. 393-404 (CODE-5) account) ANNEXURE Invisible Payments (Bangladesh Bank’s use only for 12. 407-415 (CODE-7) central account) 13. ANNEXURE-A Sector list 416-430 Note: The following instructions shall be kept in mind for correct reporting: 1. Country code shall be reported for import country of goods origin, for export country of destination, invisible receipts country of ordering customers, invisible payments country of beneficiary. 2. The code numbers of the country of international bodies and foreign missions concerned regardless of the place from where the funds have actually been remitted in Bangladesh for their maintenance, establishment expenses, etc. shall be reported country of origin of foreign missions and international bodies. 3. CMT basis export i.e. EXP. Reporting: FOB value+ CMT value of goods shall be reported in schedule J with code 2911 and FOB value of goods shall be reported in schedule E-3/P-3 WITH CODE 2910. 4. Re-export of foreign goods that are exported with no substantial transformation from the state in which they are originally imported. The price of the re-exported goods may differ from its price at the time it was originally imported due to factors such as transport cost, dearler’s margins, and holding gains or losses. But return of goods which are not actually re-exports, should be reported through schedule J with form-C. 5. If import payments or invisible payments settled under inter-bank corporate banking AD shall be reported as follows: (a) If the foreign currency sold by the bank in favour of the customer drawn on Bangladesh Bank , AD shall be reported in the schedule “G” with necessary foot note. (b) The remitting Bank shall be reported the remitted foreign currency in schedule “C” accompanied by schedule E- 2 for import payments and E-3 for invisible payments. 5 LIST OF ABBREVIATION BPM Balance of Payments Manual CIF Cost, Insurance and Freight CMT Cutting, making & trimming CR Credit DI Direct Investment DR Debit FCA Free Carrier FD Financial Derivatives (Other than reserves) and employee stock options FISIM Financial intermediation services indirectly measured FOB Free on Board GAB General Arrangements to Borrow GATS General Arrangements on Trade in Services GDP Gross Domestic Product GNI Gross National Income HS Code Harmonized Commodity Description and Coding System Code IC Insurance Corporations ICPE Insurance Corporations and Pension Funds IIP International Investment Position IMF International Monetary Fund IMTS International Merchandise Trade Statistics LIBOR London Inter-Bank Offered Rate MMF Monetary Market Fund n.i.e not included elsewhere NGO Non Government Organization PF Pension Funds PI Portfolio Investment RA Reserve Assets SDR Special Drawing Right SNA System of National Accounts SWF Sovereign wealth fund NPISH Non profit institution serving households SWIFT Society for Worldwide Interbank Financial Telecommunications CODE - 0 6 PERIOD CODE CODE MONTH Y January X February 0 March 1 April 2 May 3 June 4 July 5 August 6 September 7 October 8 November 9 December 7 CODE NUMBER FOR AUTHORISED DEALERS 8 CODE-1 CODE NUMBER FOR AUTHORISED DEALERS 1. AGRANI BANK LIMITED (FI ID - 11) SL ADs FI Branch Name and Address of Authorised Dealers No Code Code 1 0000 0447 IT & FCMD, Head office, 9/D Dilkusha C/A, Dhaka. 2 0001 0410 Principal Branch, 9/D Dilkusha C/A, Dhaka. 3 0002 0366 Bangabandhu Avenue Corporate Branch, 32 Bangabandhu Avenue, Dhaka. 4 0003 0400 Moulavi Bazar Corporate Branch, 144 Mitford Road, Dhaka. 5 0004 0363 Amin Court Corporate Branch, 62/63 Motijheel C/A, Dhaka. 6 0005 0414 Ramna Corporate Branch, 18 Bangabandhu Avenue, Dhaka. 7 0006 0382 Foreign Exchange Corporate Branch, 1/D, Dit Avenue, Motijheel, Dhaka. Sadarghat Corporate Branch, Greatwall Shopping Center, 2/1 Chittaranjan Avenue, 8 0007 1143 Sadarghat, Dhaka. 9 0008 0438 Banani Corp. Branch, 26 Kamal Ataturk Avenue, Banani, Dhaka-1213. 10 0009 0611 Banga Bandhu Road Corp. Branch,