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TREASURY SERVICES

2020 Global Payments Guide

Your Guide To Making Cross- Payments in over 160 Countries with Ease.

2020 Global Payments Guide Last Updated: November 13, 2020 For the most up-to-date version, please visit jpmorgan.com/visit/guide | 2 The J.P. Morgan Global Payments Guide is your desktop resource to help you make timely and accurate payments to beneficiaries around the world.

Work with J.P. Morgan to get the global payment support that your business Setting up your payment Cross-Border Payment Requirement demands It is best practice to include the below standard information in Intermediary are often used when a payment is made in a With employees, suppliers and operations located around the payment instructions to avoid potential delays or returns: currency that is different from the local currency. When making a globe, ensuring prompt payments in multiple is a payment through an intermediary , their SWIFT BIC must be Ordering Customer challenge. Your business requires a partner who takes the time to – included. understand your needs and helps ensure your payments are Account number processed smoothly. – Full name (no initials) Key Terms – Full address International Bank Account Number (IBAN) As one of the top-ranked cash management and payments – Street address (avoid P.. Box numbers) The International Bank Account Number, IBAN, is an internationally processors in the world, J.P. Morgan is able to offer the tools that – City agreed standard to identify an individual’s account at a financial help you manage your day-to-day global operations, along with – State Code institution. IBANs should be included for all SEPA payments. SWIFT your more sophisticated foreign exchange needs. We make your – maintains an IBAN registry priorities ours and recommend the high quality solutions that meet Postal Code – Country code (2 characters) (https://www.swift.com/sites/default/files/resources/swift_stan your unique requirements. dards_ibanregistry.pdf) that provides details on the IBAN structure. Beneficiary Customer The structure consists of a two- ISO country code, followed by As part of J.P. Morgan’s commitment to you, it is our pleasure to – Account number two check digits and up to 30 alphanumeric characters for the provide you with this desktop companion, which provides – Include the International Bank Account Number important, country-specific information to help treasury and Basic Bank Account Number (BBAN). (IBAN) or Clave Bancaria Estandarizada (CLABE), if accounts payable professionals manage their payments around applicable the world. We look forward to providing you with solutions that Routing Codes – help take the complexity out of managing your global cash and Full name (no initials) Some countries require the inclusion of national routing codes to payments. – Full address facilitate routing within the country’s payment systems. Examples – Street address (avoid P.O. Box numbers) of countries with routing codes are and . Note – City If a capital payment of any description ( services, capital – State Code SWIFT BIC injection, investment, etc.) or any type of payment that may result – Postal Code SWIFT BIC is a bank identifier code for members of the SWIFT network. Please note: If a branch BIC is not known, the full name in a future repatriation is required, please contact your JP Morgan – Country code (2 characters) Chase & Co representative before execution of the transaction. and address should be used. Beneficiary Bank Local regulations may require completion of additional documentation and not all payment types can necessarily be – Full bank name supported. – Address Host-to-Host Formatting Assistance – SWIFT BIC For translation assistance between SWIFT and file based formats, please reference the table on page 76 Some countries may also require additional information (i.e., telephone number, purpose of payment, routing codes, etc.). Failing to provide all required information may result in payment delays or returns.

This guide is provided to JPMorgan Chase & Co clients for informational purposes only. JPMorgan Chase & Co makes no representations or warranties as to the accuracy, completeness or timeliness of the information in this form. Information contained in the form is subject to change without notice. 2020 Global Payments Guide Last Updated: November 13, 2020 For the most up-to-date version, please visit jpmorgan.com/visit/guide | 3

Table of Contents ...... 18 Morocco Afghanistan ...... 4 .………………………………33 Chile Albania ……………………………………….34 Mozambique ...... 49 Slovenia ...... 64 China ...... 19 Algeria Ireland ...... 35 Myanmar Solomon Islands Andorra ...... 5 Colombia ...... 20 Israel Angola Costa Rica South Africa ...... 65 Anguilla Croatia ...... 21 Nepal……….……………………….…..50 ...... 36 Cyprus ...... 66 Jamaica Netherlands Antilles – Curacao Antigua and Barbuda ...... 6 (Czechia) ...... 22 Japan ...... 51 Sri Lanka ...... 67 Armenia Jordan ...... 37 Nicaragua Suriname ...... 23 Kazakhstan ...... 38 Australia ...... 7 Swaziland () Dominica Austria Dominican Republic Nigeria ...... 52 ...... 39 Norway ...... 68 Azerbaijan ...... 8 Egypt ...... 24 Kuwait Oman ...... 53 Bahamas Pakistan Tahiti ...... 69 Bahrain Eritrea Kyrgyzstan ...... 40 Papua New Guinea ...... 54 Taiwan Laos Bangladesh ...... 9 Estonia ...... 25 Paraguay Tanzania ...... 70F Barbados Latvia Peru Ethiopia Thailand ...... 71 Fiji Belarus ...... 10 ...... 41 Philippines ...... 55 ...... 72 Lebanon Belize Poland Tonga Finland ...... 26 Liechtenstein Trinidad and Tobago ...... 56 Tunisia ...... 73 ...... 11 Lithuania ...... 42 Qatar Luxembourg Turkey Bermuda Gambia ...... 27 Bolivia Macau Republic of Congo ...... 57 Uganda Georgia Romania Bosnia and Herzegovina ...... 12 Madagascar ...... 43 ...... 74 Malawi Russia ...... 58 United Arab Emirates Botswana Ghana ...... 28 Malaysia Rwanda…….……………………………59 Brazil ...... 75 Saint Kitts and Nevis

Brunei-Darussalam ...... 13 Malaysia continued ...... 44 Saint Lucia United States ...... 76 Grenada ...... 29 Guatemala Saint Vincent and the Grenadine .. 60 Vanuatu Bulgaria ...... 14 Maldives ...... 45 Guinea-Bissau Samoa Vietnam San Marino ...... 46 Zambia …………………………………77 Guinea Republic ...... 30 Malta Burundi ...... 15 Guyana São Tomé and Príncipe ...... 61 Cambodia Mauritius Haiti Saudi Arabia Host-to-Host Formatting Mexico ...... 47 ...... 62 Assistance………………..……………78 Honduras ...... 31 Mongolia Canada ...... 16 Serbia Hong Kong Monaco Seychelles Cape Verde ...... 17 Version Control…………………79-81 Cayman Islands Montenegro ...... 48 Sierra Leone ...... 63 Iceland ...... 32 Montserrat Singapore

The following character representations and length indications are used: Digits numeric characters c Upper and lowercase a Uppercase letter e Blank space | 3 alphanumeric characters alphabetic characters n Maximum length! (A-Z, a-z, and 0-9) (A-Z only)

2020 Global Payments Guide Last Updated: November 13, 2020 For the most up-to-date version, please visit jpmorgan.com/visit/guide | 4 Albania Algeria Afghanistan ALL – Albanian Lek DZD – AFN – Afghan Afghani Overview Overview • Information provided by the Beneficiary: Remitter should obtain all • Information provided by the Beneficiary: Remitter should obtain all Overview required bank information from the Beneficiary (e.g. SWIFT BIC, required bank information from the Beneficiary (e.g. SWIFT BIC, • Information provided by the Beneficiary: Remitter should obtain all IBAN, and beneficiary bank address). account number, and beneficiary bank address). required bank information from the Beneficiary (e.g. SWIFT BIC, • : For additional information, please refer to • As of September 2019, Payments to individuals cannot be made in account number, and beneficiary bank address). www.bankofalbania.org. DZD. Any DZD wire or FX ACH payment to individuals will result in a • Central Bank: For additional information, please refer to Country Requirements/Restrictions rejection. www.centralbank.gov.af. • Additional Documentation: For tax payments, the taxpayer must Country Requirements/Restrictions Payment Formatting Rules for AFN provide a declaration form to the beneficiary bank. • Payment Restrictions: FX DZD payments to individuals are currently • Ordering Customer (SWIFT MT103 F50): Include account number, full Payment Formatting Rules for ALL not supported. name (no initials), and address of the ordering customer. Use of • Payment Formatting Rules for DZD initials can delay receipt of funds by the beneficiary. Ordering Customer (SWIFT MT103 F50): Include account number, full name (no initials), and address of the ordering customer. Use of • Ordering Customer (SWIFT MT103 F50): Include account number, full • Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with initials can delay receipt of funds by the beneficiary. name (no initials), and address of the ordering customer. Use of branch identifier (where required), full name, and address of the • initials can delay receipt of funds by the beneficiary. beneficiary bank. Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with branch identifier (where required), full name, and address of the beneficiary • Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with branch • Beneficiary Customer (SWIFT MT103 F59): Include account number, bank. identifier, full name, and address of the beneficiary bank. full name (no initials and address of the beneficiary customer. Use of – – initials may delay receipt of funds by the beneficiary. There are no specific bank clearing codes for Albania for SWIFT BIC is 8 or 11 alphanumeric characters: xxxxDZxx or cross-border payments. SWIFT BIC is key to routing payments to the xxxxDZxxxxx. – SWIFT BIC is 8 or 11 alphanumeric characters: xxxxAFxx or beneficiary bank. • xxxxAFxxxxx. Beneficiary Customer (SWIFT MT103 F59): Include account number, – SWIFT BIC is 8 or 11 alphanumeric characters: xxxxALxx or full name (no initials) and address of the beneficiary customer. Use of • Reason for Payment (SWIFT MT103 F70): Purpose of payment must xxxxALxxxxx. initials may delay receipt of funds by the beneficiary. be clearly identified (rent, salary, medical expenses, office expenses, • – etc.). Beneficiary Customer (SWIFT MT103 F59): Include account number As best practice, format account numbers for beneficiaries (IBAN ), full name (no initials) and address of the beneficiary with accounts in Algeria according to the below specifications Additional Information customer. Use of initials may delay receipt of funds by the whenever possible. • The local market is closed on Fridays. beneficiary. – IBAN numbers for beneficiaries with accounts in Albania Country Code DZ must be included in the payment instructions. Length 22!c Format DZ + 20 characters Account # Ex. 1234567891234567

Country Code AL • Reason for Payment (SWIFT MT103 F70): Purpose of payment must Structure AL2!n8!n16!c be clearly identified (rent, salary, medical expenses, office expenses, Length 28!c etc.). Electronic Format Ex. AL98765432191234567891234567 – For invoices, the reason for the invoice must be indicated Print Format Ex. AL98 7654 3219 1234 5678 9123 4567 (e.g. invoice for health services). Additional Information • Reason for Payment (SWIFT MT103 F70): Purpose of payment The local market is closed on Fridays. must be clearly identified (rent, salary, medical expenses, office expenses, etc.). – For utility payments, the client’s name, month of the utility bill, and contract number of the subscriber is required. – For tax payments, the FDP (payment order document generated by Tax Office system) is required. – For custom fee payments, the NIPT (tax identification number) is required. 2020 Global Payments Guide Last Updated: November 13, 2020 For the most up-to-date version, please visit jpmorgan.com/visit/guide | 5 Andorra Angola Anguilla EUR – AOA – XCD – East Caribbean Dollar

Overview Overview Overview • Information provided by the Beneficiary: Remitter should obtain all • Information provided by the Beneficiary: Remitter should obtain all • Information provided by the Beneficiary: Remitter should obtain all required bank information from the Beneficiary (e.g. SWIFT BIC, required bank information from the Beneficiary (e.g. SWIFT BIC, required bank information from the Beneficiary (e.g. SWIFT BIC, IBAN, and beneficiary bank address). account number, and beneficiary bank address). account number, and beneficiary bank address). Country Requirements/Restrictions Country Requirements/Restrictions • Central Bank: For additional information, please refer to www.eccb- • SEPA: Strict formatting standards and SEPA guidelines exist in • Additional Documentation: Additional supporting documentation centralbank.org. Europe regarding cross-border payments. IBAN and SWIFT BIC are may be required from the beneficiary. Payment Formatting Rules for XCD required for all euro payments. SEPA standards do not apply for euro Payment Formatting Rules for AOA • Ordering Customer (SWIFT MT103 F50): Include account number, full payments to beneficiaries with accounts in Andorra. • Ordering Customer (SWIFT MT103 F50): Include account number, name (no initials), and address of the ordering customer. Use of Payment Formatting Rules for EUR full name (no initials), and address of the ordering customer. Use of initials can delay receipt of funds by the beneficiary. • Ordering Customer (SWIFT MT103 F50): Include account number, full initials can delay receipt of funds by the beneficiary. • Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with name (no initials), and address of the ordering customer. Use of • Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with branch identifier (where required), full name, and address of the initials can delay receipt of funds by the beneficiary. branch identifier (where required), full name, and address of the beneficiary bank. • Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with branch beneficiary bank. – SWIFT BIC is 8 or 11 alphanumeric characters: xxxxAIxx or identifier, full name, and address of the beneficiary bank. – SWIFT BIC is 8 or 11 alphanumeric characters: xxxxAOxx or xxxxAIxxxxx. – SWIFT BIC is 8 or 11 alphanumeric characters: xxxxADxx or xxxxAOxxxxx. • Beneficiary Customer (SWIFT MT103 F59): Include account number, xxxxADxxxxx. • Beneficiary Customer (SWIFT MT103 F59): Include account full name (no initials) and address of the beneficiary customer. Use • Beneficiary Customer (SWIFT MT103 F59): Include account number number, full name (no initials) and address of the beneficiary of initials may delay receipt of funds by the beneficiary. (IBAN), full name (no initials), and address of the beneficiary customer. Use of initials may delay receipt of funds by the • Reason for Payment (SWIFT MT103 F70): Purpose of payment must customer. Use of initials may delay receipt of funds by the beneficiary. be clearly identified (rent, salary, medical expenses, office expenses, beneficiary. – Account numbers must be formatted according to the below etc.). – IBAN numbers for beneficiaries with accounts in Andorra specifications. must be included in the payment instructions. Country Code AO Account # Ex 1234567891234567 Length 25!c Country Code AD Format AO + 2 characters + 21 digits Structure AD2!n4!n4!n12!c Length 24!c • Reason for Payment (SWIFT MT103 F70): Purpose of payment Electronic Format Ex. AD9876541234567891234567 must be clearly identified (rent, salary, medical expenses, office Print Format Ex. AD98 7654 1234 5678 9123 4567 expenses, etc.).

The following character representations and length indications are used: N Digits numeric characters c Upper and lowercase a Uppercase letter e Blank space | 5 alphanumeric characters alphabetic characters n Maximum length (A-Z, a-z, and 0-9) (A-Z only) nn! Fixed length

2020 Global Payments Guide Last Updated: November 13, 2020 For the most up-to-date version, please visit jpmorgan.com/visit/guide | 6 Antigua and Barbuda Argentina Armenia XCD – East Caribbean Dollar ARS – Argentine Peso AMD – Armenian Dram

Overview Overview Overview • Information provided by the Beneficiary: Remitter should obtain all • Information provided by the Beneficiary: Remitter should obtain all • Information provided by the Beneficiary: Remitter should obtain all required bank information from the Beneficiary (e.g. SWIFT BIC, required bank information from the Beneficiary (e.g. SWIFT BIC, CBU, required bank information from the Beneficiary (e.g. SWIFT BIC, account number, and beneficiary bank address). 11-digit CUIT tax identification code, beneficiary email address, and account number, and beneficiary bank address). • Central Bank: For additional information, please refer to www.eccb- beneficiary bank address). • Central Bank: For additional information, please refer to centralbank.org. • Central Bank: For additional information, please refer to www.cba.am/en. Payment Formatting Rules for XCD www.bcra.gov.ar. Country Requirements/Restrictions • Ordering Customer (SWIFT MT103 F50): Include account number, full Country Requirements/Restrictions • Additional Documentation: Beneficiary is required to provide name (no initials), and address of the ordering customer. Use of • Additional Documentation: Additional supporting documentation supporting documentation indicating the reason for payment for initials can delay receipt of funds by the beneficiary. may be required from the beneficiary stating the reason for payment. transactions greater than 20 million AMD. • Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with The beneficiary must complete all required documentation at their Payment Formatting Rules for AMD branch identifier (where required), full name, and address of the local bank to receive credit into the account. • Ordering Customer (SWIFT MT103 F50): Include account number, full beneficiary bank. Payment Formatting Rules for ARS name (no initials), and address of the ordering customer. Use of – SWIFT BIC is 8 or 11 alphanumeric characters: xxxxAGxx or • Ordering Customer (SWIFT MT103 F50): Include account number, full initials can delay receipt of funds by the beneficiary. xxxxAGxxxxx. name (no initials), and address of the ordering customer. Use of • Beneficiary Customer (SWIFT MT103 F59): Include bank code, • Beneficiary Customer (SWIFT MT103 F59): Include account number, initials can delay receipt of funds by the beneficiary. account number, full name (no initials) and address, of the full name (no initials) and address of the beneficiary customer. Use of • Beneficiary Customer (SWIFT MT103 F59): Include the account beneficiary customer. Use of initials may delay receipt of funds by the initials may delay receipt of funds by the beneficiary. number (CBU), full name (no initials), address and tax ID of the beneficiary. Bank codes are required to be added in front of all • Reason for Payment (SWIFT MT103 F70): Purpose of payment must beneficiary customer. Use of initials may delay receipt of funds by the beneficiary account numbers. be clearly identified (rent, salary, medical expenses, office expenses, beneficiary. – Include the full legal entity type of the beneficiary (e.g., etc.). – CBU (Clave Bancaria Uniforme) is a unique key comprised of corporate, charity). 22 numbers representing the bank ID, branch account number and • Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with branch other details. The CBU is required in all electronic payments in identifier (where required), full name, and address of the beneficiary Argentina, and should be entered in the account number field of the bank. payment instructions. – SWIFT BIC is 8 or 11 alphanumeric characters: xxxxAMxx or – The beneficiary’s 11-digit tax identification code (CUIT – tax xxxxAMxxxxx. ID for corporates / CUIL – tax ID for individuals ) is required to avoid • For payments to Central Bank of Armenia (CBRAAM22XXX), the payment delays or returns following information is required: • Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with – Residency of the customer (1 for resident ; 2 for nonresident) branch identifier (where required), full name, and address of the – Legal status of the customer (11 for commercial beneficiary bank. organization; 12 for non-profit organization; 21 for individual; 22 for – SWIFT BIC is 8 or 11 alphanumeric characters: individual entrepreneur) xxxxARxx or xxxxARxxxxx. – TIN 10 digits (for Legal entity or Individual Entrepreneur) or • Reason for Payment (SWIFT MT103 F70): Purpose of payment must Social card (for individual) be clearly identified (rent, salary, medical expenses, office expenses, – Name of the customer etc.). • Reason for Payment (SWIFT MT103 F70): Purpose of payment must • Sender to Receiver Information (SWIFT MT103 F72): To avoid be clearly identified (rent, salary, medical expenses, office expenses, payment delays, the beneficiary’s email address should be included. etc.). Please replace ‘@’ with ‘_AT_’ (blank space before and after ‘_AT_’) for smooth processing. Sample Format: /INT/name AT jpmchase.com. Additional Information • Payment will be rejected if it does not include complete and correct delivery instructions. • Payments to Judicial accounts are not supported

2020 Global Payments Guide Last Updated: November 13, 2020 For the most up-to-date version, please visit jpmorgan.com/visit/guide | 7 Australia Australia Austria AUD – Australian Dollar Continued EUR – Euro

Overview Additional Information Overview • Information provided by the Beneficiary: Remitter should obtain all • Banks are required to report to the local regulator, AUSTRAC, on any • Information provided by the Beneficiary: Remitter should obtain all required bank information from the Beneficiary (e.g. SWIFT BIC, BSB international funds transfers to or from Australia in any currency required bank information from the Beneficiary (e.g. SWIFT BIC, number, account number and beneficiary bank address). including those transactions paid through an intermediary bank. For IBAN, and beneficiary bank address). • Central Bank: For additional information, please refer to more information on bank reporting regulations, refer to the • Central Bank: For additional information, please refer to www.rba.gov.au. AUSTRAC website www.austrac.gov.au. www.oenb.at/en. Country Requirements/Restrictions Country Requirements/Restrictions • Payment Restrictions: AUD is a freely traded currency for both • SEPA: Strict formatting standards and SEPA guidelines exist in onshore and offshore clearing. Europe regarding cross-border payments. IBAN and SWIFT BIC are Payment Formatting Rules for AUD required for all euro payments. SEPA standards apply for euro • Ordering Customer (SWIFT MT103 F50): For all transactions in and payments to beneficiaries with accounts in Austria. out of Australia, including those paid through an intermediary bank, Payment Formatting Rules for EUR include account number, full name (no initials), and address of the • Ordering Customer (SWIFT MT103 F50): Include account number, full ordering customer. Failure to provide full ordering customer details name (no initials), and address of the ordering customer. Use of may result in payment delays. initials can delay receipt of funds. – Avoid P.O. Box numbers and include city, state, country and • Beneficiary Customer (SWIFT MT103 F59): Include account number postal code for the ordering customer’s address. (IBAN), full name (no initials), and address of the beneficiary • Beneficiary Customer (SWIFT MT103 F59): For all transactions in and customer. Use of initials may delay receipt of funds. out of Australia, including those paid through an intermediary bank, – IBAN numbers for beneficiaries with accounts in Austria must include account number, full name (no initials) and address of the be included in the payment instructions. beneficiary customer. Failure to provide full beneficiary customer Account # Ex ABC 12345 Abc 678912345 details may result in payment delays. Country Code AT – Avoid P.O. Box numbers and include city, state, country and Structure AT2!n5!n11!n postal code for the beneficiary customer’s address. Length 20!c • Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with branch identifier (where required), full name, and address of the beneficiary Electronic Format Ex. AT981234567891234567 bank. Print Format Ex. AT98 1234 5678 9123 4567 – Australian banks are identified by a 6-digit Bank State • Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with branch Branch (BSB) number where the first two digits specify the bank, the identifier (where required), full name, and address of the beneficiary third digit specifies the state, and the last three digits specify the bank. branch (e.g. 112-908). BSB numbers must be included in the – There are no specific bank clearing codes in this country for ordering details (for payments out of Australia) and beneficiary cross-border payments. SWIFT BIC is key to routing payments. details (for payments into Australia). Refer to the Australian – SWIFT BIC is 8 or 11 alphanumeric characters: xxxxATxx or Payments Clearing Association website (www.apca.com.au) for list of xxxxATxxxxx. current BSBs. – SWIFT BIC is 8 or 11 alphanumeric characters: xxxxAUxx or xxxxAUxxxxx.

The following character representations and length indications are used: N Digits numeric characters c Upper and lowercase a Uppercase letter e Blank space | 7 alphanumeric characters alphabetic characters n Maximum length (A-Z, a-z, and 0-9) (A-Z only) nn! Fixed length

2020 Global Payments Guide Last Updated: November 13, 2020 For the most up-to-date version, please visit jpmorgan.com/visit/guide | 8 Azerbaijan Bahamas Bahrain AZN - Azerbaijani Manat BSD – Bahamian Dollar BHD – Bahraini Dinar

Overview Overview Overview • Information provided by the Beneficiary: Remitter should obtain all • Information provided by the Beneficiary: Remitter should obtain all • Information provided by the Beneficiary: Remitter should obtain all required bank information from the Beneficiary (e.g. SWIFT BIC, required bank information from the Beneficiary (e.g. SWIFT BIC, required bank information from the Beneficiary (e.g. SWIFT BIC, account number, and beneficiary bank address). account number, and beneficiary bank address). IBAN, and beneficiary bank address). • Payments to non-resident beneficiaries are classified in 2 categories: • Central Bank: For additional information, please refer to • Central Bank: For additional information, please refer to taxpayer and non-taxpayer www.centralbankbahamas.com. www.cbb.gov.bh. a) Taxpayer non-resident (having Azerbaijani tax ID) can receive Payment Formatting Rules for BSD Payment Formatting Rules for BHD funds from a legal entity abroad showing clear purpose of • Ordering Customer (SWIFT MT103 F50): Include account number, full • Ordering Customer (SWIFT MT103 F50): Include account number, full transfer name (no initials), and address of the ordering customer. Use of name (no initials), and address of the ordering customer. Use of b) Non-taxpayer non-resident can only receive `financial aid` from initials can delay receipt of funds by the beneficiary. initials can delay receipt of funds by the beneficiary. abroad with supporting documents. • Beneficiary Customer (SWIFT MT103 F59): Include account number, • Beneficiary Customer (SWIFT MT103 F59): Include account number c) Non-resident legal entity (taxpayers) can receive funds from full name (no initials) and address of the beneficiary customer. Use of (IBAN), full name (no initials) and address of the beneficiary abroad only with supporting documents (invoice, contract, other initials may delay receipt of funds by the beneficiary. customer. Use of initials may delay receipt of funds by the real business papers). • Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with branch beneficiary. Payment Formatting Rules for AZN identifier (where required), full name, and address of the beneficiary – IBAN numbers for beneficiaries with accounts in Bahrain • Ordering Customer (SWIFT MT103 F50): Include account number, full bank. must be included in the payment instructions. name (no initials), and address of the ordering customer. Use of – SWIFT BIC is 8 or 11 alphanumeric characters: xxxxBSxx or initials can delay receipt of funds by the beneficiary. xxxxBSxxxxx. Account # Ex 12345678912345 • Beneficiary Bank (SWIFT MT103 F57): Include beneficiary bank’s • Reason for Payment (SWIFT MT103 F70): Purpose of payment must Country Code BH correspondent AZN account number, beneficiary bank’s tax be clearly identified (rent, salary, medical expenses, office expenses, Structure BH2!a4!n14 identification number (TIN/VOEN), 6 digit BIK code, SWIFT BIC with etc.). Length 22!c branch identifier (where required), full name, Additional Information • Electronic Format Ex. BH98ABCD12345678912345 SWIFT BIC is 8 or 11 alphanumeric characters: xxxxAZxx or • For payments from non-US branch accounts, in-country beneficiary Print Format Ex. BH98 ABCD 1234 5678 9123 45 xxxxAZxxxxx banks supported for BSD FX transactions include: Scotia Bank, Royal • Beneficiary Customer (SWIFT MT103 F59): Include account number Bank of Canada, and First Caribbean. (IBAN), 10 digit tax identification number (TIN/VOEN) , full name (no • Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with branch initials) and full address of the beneficiary customer . Use of initials identifier (where required), full name, and address of the beneficiary may delay receipt of funds by the beneficiary. Tin/VOEN is not bank. required for individual. – SWIFT BIC is 8 or 11 alphanumeric characters: xxxxBHxx or – IBAN numbers for beneficiaries with accounts Azerbaijan xxxxBHxxxxx. must be included in the payment instructions. • Reason for Payment (SWIFT MT103 F70): Purpose of payment must Account # Ex 123456789123745678912345 be clearly identified (rent, salary, medical expenses, office expenses, Country Code AZ etc.). Structure AZ2!n24 Additional Information Length 28!c • The local market is closed on Fridays. Electronic Format Ex. AZ98123456789123745678912345 Print Format Ex. AZ98 1234 5678 9123 7456 7891 2345

• Reason for Payment (SWIFT MT103 F70): In depth purpose of payment must be provided. If the payment is for charitable purposes, this must be clearly stated, or the beneficiary maybe subject to a tax charge for income received. 2020 Global Payments Guide Last Updated: November 13, 2020 For the most up-to-date version, please visit jpmorgan.com/visit/guide | 9 Bangladesh Bangladesh Barbados BDT – Bangladeshi Taka Continued BBD – Barbadian Dollar

Overview • Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC and 9 digit Overview • Information provided by the Beneficiary: Remitter should obtain all routing code if available or include full name and full address of the • Information provided by the Beneficiary: Remitter should obtain all required bank information from the Beneficiary (e.g. SWIFT BIC, beneficiary bank. required bank information from the Beneficiary (e.g. SWIFT BIC, account number, and beneficiary bank address). SWIFT BIC is 8 or 11 alphanumeric characters: xxxxBDxx or account number, and beneficiary bank address). • Central Bank: For additional information, please refer to xxxxBDxxxxx • Central Bank: For additional information, please refer to www.bangladesh-bank.org. • Beneficiary bank branch address can also be mentioned in F72 if www.centralbank.org.bb. only Swift BIC is included in field 57. Bene Bank Branch address is Country Requirements/Restrictions Payment Formatting Rules for BBD optional if the 9 digit bank routing code is provided in field 57. • Payment Restrictions: NGOs must register locally and obtain • Ordering Customer (SWIFT MT103 F50): Include account number, full • In case of space limitation in field 57 and 72, Beneficiary Bank approval before receiving payments for specific projects. name (no initials), and address of the ordering customer. Use of Branch address can be mentioned in field 70. • Account Restrictions: Account Restrictions vary. initials can delay receipt of funds by the beneficiary. • Below formats are acceptable for beneficiary bank details: – Non-resident Foreign Currency Deposit (NFCD) accounts may • Beneficiary Customer (SWIFT MT103 F59): Include account number, – Format 1: now be maintained at the account holder’s desire. Amounts brought full name (no initials) and address of the beneficiary customer. Use of in by non-resident Bangladeshis can be deposited in a foreign 57D: Bank Name initials may delay receipt of funds by the beneficiary. currency account any time after entering Bangladesh. Bank address – The beneficiary’s full address is required to avoid payment – Foreign Currency (FC) accounts of non-resident Bangladeshis Bene bank address contd.. delays. (opened in the names of Bangladesh nationals or a person of Swift code • Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with branch Bangladesh origin working or self-employed abroad) can now be – Format 2: identifier (where required), full name, and address of the beneficiary maintained as long as the account holder desires. 57A: /XXXXXXXXX (9-digit beneficiary bank branch code) bank. – Residence Foreign Currency Deposit (RFCD) accounts may Swift code – SWIFT BIC is 8 or 11 alphanumeric characters: xxxxBBxx or be opened in US dollar, euro, , or Japanese yen, and – Format 3: xxxxBBxxxxx. may be maintained as long as the account holder desires. Payments 57A: Swift BIC code • Reason for Payment (SWIFT MT103 F70): Purpose of payment must may be made into the account with declaration to customs 72: bene bank branch complete address (Should be clearly be clearly identified (rent, salary, medical expenses, office expenses, authorities on the FMJ form. A maximum of USD 5,000 may be indicated) etc.). credited into the account without declaration. – Format 4: • Additional Documentation: Additional supporting documentation 57A: Swift BIC code such as Form C may be required from the beneficiary stating the 72: routing code/ BBB, bene bank branch code XXXXXXXXX (9-digit reason for payment or providing evidence of the beneficiary’s identity. beneficiary bank branch code). The beneficiary must complete all required documentation requested

by their local bank or the correspondent bank to receive credit into • the account. Reason for Payment (SWIFT MT103 F70): Purpose of payment must be clearly identified (rent, salary, medical expenses, office expenses, Payment Formatting Rules for BDT etc.). • Ordering Customer (SWIFT MT103 F50): Include account number, full Additional Information name (no initials), and address of the ordering customer. Use of • initials can delay receipt of funds by the beneficiary. The local market is closed on Fridays. • Beneficiary Customer (SWIFT MT103 F59): Include account number, full name (no initials), address, and telephone number of the beneficiary customer. Use of initials may delay receipt of funds by the beneficiary.

The following character representations and length indications are used: N Digits numeric characters c Upper and lowercase a Uppercase letter e Blank space | 9 alphanumeric characters alphabetic characters n Maximum length (A-Z, a-z, and 0-9) (A-Z only) nn! Fixed length

2020 Global Payments Guide Last Updated: November 13, 2020 For the most up-to-date version, please visit jpmorgan.com/visit/guide | 10 Belarus Belize Belgium BYN – Belarusian Ruble BZD – Belize Dollar EUR – Euro

Overview Overview Overview •Information provided by the Beneficiary: Remitter should obtain all • Information provided by the Beneficiary: Remitter should obtain all • Information Provided by the Beneficiary: Remitter should obtain all required bank information from the Beneficiary (e.g. SWIFT BIC, account required bank information from the Beneficiary (e.g. SWIFT BIC, required bank information from the Beneficiary (e.g. SWIFT BIC, number, and beneficiary bank address). account number, and beneficiary bank address). IBAN, and beneficiary bank address). •Central Bank: For additional information, please refer to • Central Bank: For additional information, please refer to • Central Bank: For additional information, please refer to www.nbrb.by/engl/. www.centralbank.org.bz. www.nbb.be/en. Payment Formatting Rules for BZD Country Requirements/Restrictions Country Requirements/Restrictions • Ordering Customer (SWIFT MT103 F50): Include account number, full • Payment Restrictions: There are no payment amount restrictions. •Belarusian 'resident' beneficiary may be required to provide supporting name (no initials), and address of the ordering customer. Use of – documentation to comply with the country’s Exchange Control The high-valued payment system used in Belgium tends to be Regulations. initials can delay receipt of funds by the beneficiary. limited to payments exceeding EUR 500,000. Banks may charge a •Taxpayer code required (UNN or UNP, INN) • Beneficiary Customer (SWIFT MT103 F59): Include account number, day’s float; however, companies can often obtain same-day value full name (no initials) and address of the beneficiary customer. Use settlement. Payment Formatting Rules for BYN of initials may delay receipt of funds by the beneficiary. • Account Restrictions: Residents and non-residents are permitted to •Ordering Customer (SWIFT MT103 F50): Include account number, full – The beneficiary’s full address is required to avoid payment open and maintain domestic currency (EUR) and foreign currency name (no initials), and address of the ordering customer. Use of initials delays. accounts both locally and abroad. can delay receipt of funds by the beneficiary. – 15 digit account number required for payments going to • SEPA: Strict formatting standards and SEPA guidelines exist in •Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with branch identifier (where required), full name, and address of the beneficiary Belize Bank Limited. Europe regarding cross-border payments. IBAN and SWIFT BIC are bank. • Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with branch required for all euro payments. SEPA standards apply for euro payments to beneficiaries with accounts in Belgium. -SWIFT BIC is 8 or 11 alphanumeric characters: xxxxBYxx or xxxxBYxxxxx. identifier (where required), full name, and address of the beneficiary •Beneficiary Customer (SWIFT MT103 F59): Include bank SWIF/BIC bank. Payment Formatting Rules for EUR Code, 28- digit account number (IBAN) is mandatory, full name (no – SWIFT BIC is 8 or 11 alphanumeric characters: xxxxBZxx or • Ordering Customer (SWIFT MT103 F50): Include account number, full initials) and address of the beneficiary customer. Use of initials may delay xxxxBZxxxxx. name (no initials), and address of the ordering customer. Use of receipt of funds by the beneficiary. • Branch codes must be included in field 70 when making a payment initials can delay receipt of funds by the beneficiary. •IBAN numbers for beneficiaries with accounts in Belarus must be to a beneficiary at Scotiabank. • Beneficiary Customer (SWIFT MT103 F59): Include account number included in the payment instructions. – 91595 Belize City (IBAN), full name (no initials), and address of the beneficiary – 87965 Belama customer. Use of initials may delay receipt of funds by the Account # Ex 1234 5678 9123 4567 8912 – 61275 Corozal beneficiary. Country Code BY – 13235 Orange Walk – IBAN numbers for beneficiaries with accounts in Belgium Structure BY2!n4!c4!n16!c – 44685 Dangriga must be included in the payment instructions. Length 28!c – 01875 San Ignacio Electronic Format Ex. BY98ABCD12345678912345678912 – 19075 Belmopan Account # Ex 123-4567891-23 Print Format Ex. BY98 ABCD 1234 5678 9123 4567 8912 – 18895 Placencia Country Code BE – 39065 Punta Gorda Structure BE2!n3!n7!n2!n •Reason for Payment (SWIFT MT103 F70): Detailed purpose of payment – 39685 Spanish Lookout Length 16!c must be clearly identified (rent, salary, medical expenses, office – 36715 San Pedro expenses, etc.). Electronic Format Ex. BE98123456789123 • •MFO Bank Code 3-9 digits. Reason for Payment (SWIFT MT103 F70): Purpose of payment must Print Format Ex. BE98 1234 5678 9123 •Tax ID required (9 digit) with prefix of “TAX ID”. be clearly identified (rent, salary, medical expenses, office expenses, • Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with branch - Example: “TAX ID XXXXXXXXX” etc.). identifier (where required), full name, and address of the beneficiary bank. – There are no specific bank clearing codes in this country for cross-border payments. SWIFT BIC is key to routing payments to the beneficiary bank. – SWIFT BIC is 8 or 11 alphanumeric characters: xxxxBExx or xxxxBExxxxx.

2020 Global Payments Guide Last Updated: November 13, 2020 For the most up-to-date version, please visit jpmorgan.com/visit/guide | 11 Benin Bermuda Bolivia XOF – West African CFA BMD – Bermudian Dollar BOB – Bolivian Boliviano

Overview Overview Overview • Information provided by the Beneficiary: Remitter should obtain all • Information provided by the Beneficiary: Remitter should obtain all • Information provided by the Beneficiary: Remitter should obtain all required bank information from the Beneficiary (e.g. SWIFT BIC, required bank information from the Beneficiary (e.g. SWIFT BIC, required bank information from the Beneficiary (e.g. SWIFT BIC, account number, and beneficiary bank address). account number, and beneficiary bank address). account number, and beneficiary bank address). Country Requirements/Restrictions • Central Bank: For additional information, please refer to Payment Formatting Rules for BOB • Additional Documentation: Additional supporting documentation www.bma.bm. • Ordering Customer (SWIFT MT103 F50): Include account number, full may be required from the beneficiary. Payment Formatting Rules for BMD name (no initials), and address of the ordering customer. Use of Payment Formatting Rules for XOF • Ordering Customer (SWIFT MT103 F50): Include account number, full initials can delay receipt of funds by the beneficiary. • • Ordering Customer (SWIFT MT103 F50): Include account number, full name (no initials), and address of the ordering customer. Use of Beneficiary Customer (SWIFT MT103 F59): Include account number, name (no initials), and address of the ordering customer. Use of initials can delay receipt of funds by the beneficiary. full name (no initials) and address of the beneficiary customer. Use of initials can delay receipt of funds by the beneficiary. • Beneficiary Customer (SWIFT MT103 F59): Include account number, initials may delay receipt of funds by the beneficiary. • • Beneficiary Customer (SWIFT MT103 F59): Include account number, full name (no initials) and address of the beneficiary customer. Use of Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with branch full name (no initials), address, and telephone number of the initials may delay receipt of funds by the beneficiary. identifier (where required), full name, and address of the beneficiary beneficiary customer. Use of initials may delay receipt of funds by the • Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with bank. beneficiary. branch identifier (where required), full name, and address of the – SWIFT BIC is 8 or 11 alphanumeric characters: xxxxBOxx or – It is mandatory to format account numbers for beneficiaries beneficiary bank. xxxxBOxxxxx. with accounts in Benin according to the below specifications. – SWIFT BIC is 8 or 11 alphanumeric characters: xxxxBMxx or • Reason for Payment (SWIFT MT103 F70): Purpose of payment must – Account numbers should be 24 characters consisting of the xxxxBMxxxxx. be clearly identified (rent, salary, medical expenses, office expenses, 5 character bank code (including the 2 character country code) + 5 • Reason for Payment (SWIFT MT103 F70): Purpose of payment must etc.). character branch code + 12 digit account number + 2 digit Clé RIB. be clearly identified (rent, salary, medical expenses, office expenses, etc.). Country Code BJ Length 24!c

• Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with branch identifier (where required), full name, and address of the beneficiary bank. – SWIFT BIC is 8 or 11 alphanumeric characters: xxxxBJxx or xxxxBJxxxxx. • Reason for Payment (SWIFT MT103 F70): Purpose of payment must be clearly identified (rent, salary, medical expenses, office expenses, etc.). Additional Information • This country is a member of the Central Bank of West African States. • XOF is a zero decimal currency.

The following character representations and length indications are used: N Digits numeric characters c Upper and lowercase a Uppercase letter e Blank space | 11 alphanumeric characters alphabetic characters n Maximum length (A-Z, a-z, and 0-9) (A-Z only) nn! Fixed length

2020 Global Payments Guide Last Updated: November 13, 2020 For the most up-to-date version, please visit jpmorgan.com/visit/guide | 12 Bosnia and Herzegovina Botswana Brazil* BAM – Bosnia-Herzegovina Convertible Mark BWP – BRL – Brazilian Real *Pre-trade Requirements Overview Overview • Information provided by the Beneficiary: Remitter should obtain all • Information provided by the Beneficiary: Remitter should obtain all Overview required bank information from the Beneficiary (e.g. SWIFT BIC, required bank information from the Beneficiary (e.g. SWIFT BIC, • Information provided by the Beneficiary: Remitter should obtain all IBAN, and beneficiary bank address). account number, and beneficiary bank address). required bank information from the Beneficiary (e.g. SWIFT BIC, • Central Bank: For additional information, please refer to • Central Bank: For additional information, please refer to IBAN, beneficiary’s tax ID, email address, and beneficiary bank www.cbbh.ba. www.bankofbotswana.bw. address and agency code). • Payment Formatting Rules for BAM Payment Formatting Rules for BWP Central Bank: For additional information, please refer to www.bcb.gov.br. • Ordering Customer (SWIFT MT103 F50): Include account number, full • Ordering Customer (SWIFT MT103 F50): Include account number, full name (no initials), and address of the ordering customer. Use of name (no initials), and address of the ordering customer. Use of Country Requirements/Restrictions initials can delay receipt of funds by the beneficiary. initials can delay receipt of funds by the beneficiary. • Payment Restrictions: Restrictions exist for BRL payments. Brazilian • Beneficiary Customer (SWIFT MT103 F59): Include account number • Beneficiary Customer (SWIFT MT103 F59): Include account number, banks will convert USD and foreign receipts to local currency for (IBAN), full name (no initials), address, and telephone number of the full name (no initials) and address of the beneficiary customer. Use of payment to beneficiary. beneficiary customer. Use of initials may delay receipt of funds by the initials may delay receipt of funds by the beneficiary. – Resident and non-resident transactions involving foreign beneficiary. – For accounts held at First National Bank, 11-digit account currency can only be carried out through the intermediary of – IBAN numbers for beneficiaries with accounts in Bosnia and numbers are required. authorized financial institutions. Herzegovina must be included in the payment instructions. The IBAN • Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with 6-digit – Brazilian Boletos Bancário is a form of payment employed must start with BA39 followed by 16 digits. branch code, full name, and address of the beneficiary bank. within Brazil. This type of payment can’t originate from or settle – There are no specific bank clearing codes in this country for outside of the country. Account # Ex 123-456-78912345-67 cross-border payments. SWIFT BIC is key to routing payments to the – USD and other foreign currencies are delivered to the Country Code BA beneficiary bank. Brazilian bank’s correspondent in the United States. – NGOs must register locally to receive payments. Structure BA2!n3!n3!n8!n2!n – SWIFT BIC is 8 or 11 alphanumeric characters: xxxxBWxx or xxxxBWxxxxx. • Additional Documentation: Additional documentation may be Length 20!c • Reason for Payment (SWIFT MT103 F70): Purpose of payment must required from the beneficiary stating reason for payment. Electronic Format Ex. BA391234567891234567 be clearly identified (rent, salary, medical expenses, office expenses, – The beneficiary must complete a request/authorization to Print Format Ex. BA39 1234 5678 9123 4567 charity, etc.). allow their bank to exchange the foreign currency to local currency, indicating reason/destination of funds. – If the final beneficiary belongs to a government organization, – Once the trade is closed, the beneficiary must complete and the following details must be included: budget organization code, 6- sign a “contracto de cambio” (a contract of trade) within 30 days to digit profit type, and 3-digit citation number (municipality). This identify that the funds are for the beneficiary and why they are information may also be provided in SWIFT MT103 F70. receiving the funds. – The beneficiary’s telephone number is required to avoid – The beneficiary must present ID and proof of address at the payment delays or return. This information may also be provided in local bank. NGOs need to present current registration documents at SWIFT MT103 F70. their local bank. • Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with branch • Beneficiary Setup: J.P. Morgan may use third party vendors for identifier (where required), full name, and address of the beneficiary processing payments in certain currencies. Third party vendor will bank. require on-boarding for beneficiaries only for the first payment. The – SWIFT BIC is 8 or 11 alphanumeric characters: xxxxBAxx or following information is required: xxxxBAxxxxx. – Remitter's name • Reason for Payment (SWIFT MT103 F70): Purpose of payment must – Beneficiary name, account number (IBAN), telephone be clearly identified (rent, salary, medical expenses, office expenses, number, and email address etc.). Additional Information • BAM is settled as a EUR transfer. Therefore, the beneficiary can choose to withdraw this currency as BAM or EUR.

2020 Global Payments Guide Last Updated: November 13, 2020 For the most up-to-date version, please visit jpmorgan.com/visit/guide | 13 Brazil Brazil Brunei-Darussalam Continued Continued BND – Brunei Dollar *Pre-trade Requirements *Pre-trade Requirements Overview – “Agencia” number (3-7 digit bank branch number) Reason for Payment (SWIFT MT103 F70): A clear purpose of payment is • Information provided by the Beneficiary: Remitter should obtain all – CNPJ (taxpayer ID) for corporations or CPF for individuals mandatory and consists of a full written description of the nature of required bank information from the Beneficiary (e.g. SWIFT BIC, – Purpose and amount of first payment the payment to be provided in the remittance information (rent, account number, and beneficiary bank address). salary, office expenses, etc.). Insufficient purpose of payment may Payment Formatting Rules for BRL result in errors or delays. Payment Formatting Rules for BND • Ordering Customer (SWIFT MT103 F50): Include account number, full • Ordering Customer (SWIFT MT103 F50): Include account number, full name (no initials), and address of the ordering customer. Use of name (no initials), and address of the ordering customer. Use of

initials can delay receipt of funds by the beneficiary. initials can delay receipt of funds by the beneficiary. • Sender to Receiver Information (SWIFT MT103 F72): To avoid • Beneficiary Customer (SWIFT MT103 F59): Include account number • Beneficiary Customer (SWIFT MT103 F59): Include account number, payment delays, the beneficiary’s email address should be included. (IBAN), full name (no initials), address, tax ID number (11 digit CPF full name (no initials) and address (street address, city, and country) Please replace ‘@’ with ‘_AT_’ (blank space before and after ‘_AT_’) for individuals and 14 digits CNPJ for Corporations/NGO/Orgs), and of the beneficiary customer. Use of initials may delay receipt of funds for smooth processing. Sample Format: /INT/name AT telephone number of the beneficiary customer. Use of initials may by the beneficiary. jpmchase.com. delay receipt of funds by the beneficiary. • Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with branch – Beneficiary’s contact name is required. identifier (where required), full name, and address of the beneficiary – IBAN numbers for beneficiaries with accounts in Brazil must bank. be included in the payment instructions. – SWIFT BIC is 8 or 11 alphanumeric characters: xxxxBNxx or xxxxBNxxxxx. Account # Ex 1234567891A2 • Reason for Payment (SWIFT MT103 F70): Purpose of payment must Country Code BR be clearly identified (rent, salary, medical expenses, office expenses, Structure BR2!n8!n5!n10!n1!a1!c etc.). Length 29!c Additional information: • Payments to Broker deals and football/ soccer teams are not Electronic Format Ex. BR9876543219876541234567891A2 supported Print Format Ex. BR98 7654 3219 8765 4123 4567 891A 2

– This information may also be provided in SWIFT MT103 F70. – The telephone number of the beneficiary is required to avoid payment delays or return. This information may also be provided in SWIFT MT103 F70. • Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with branch identifier, full name, address, and agency code of the beneficiary bank. – SWIFT BIC is 8 or 11 alphanumeric characters: xxxxBRxx or xxxxBRxxxxx. – The ‘Agencia’ number (bank branch number) for the beneficiary bank is mandatory. This code is 3–7 digits.

The following character representations and length indications are used: N Digits numeric characters c Upper and lowercase a Uppercase letter e Blank space | 13 alphanumeric characters alphabetic characters n Maximum length (A-Z, a-z, and 0-9) (A-Z only) nn! Fixed length

2020 Global Payments Guide Last Updated: November 13, 2020 For the most up-to-date version, please visit jpmorgan.com/visit/guide | 14 Bulgaria Bulgaria Burkina Faso BGN – Bulgarian Lev Continued XOF – West African CFA Franc

Overview • Reason for Payment (SWIFT MT103 F70): Purpose of payment must Overview • Information provided by the Beneficiary: Remitter should obtain all be clearly identified (rent, salary, medical expenses, office expenses, • Information provided by the Beneficiary: Remitter should obtain all required bank information from the Beneficiary (e.g. SWIFT BIC, etc.). If the payment is for tax budgetary purposes, always state one required bank information from the Beneficiary (e.g. SWIFT BIC, IBAN, and beneficiary bank address). of the following as well as the 6-digit payment type defined by the account number, and beneficiary bank address). Ministry of Finance and local regulation. • Central Bank: For additional information, please refer to Country Requirements/Restrictions – BULSTAT (Bulgarian Identification Tax Number) is a 6-digit www.bnb.bg. • Additional Documentation: Additional supporting documentation number for the registration of a company. Country Requirements/Restrictions may be required from the beneficiary. – EGN is the personal identification number of the Bulgarian • SEPA: Strict formatting standards and SEPA guidelines exist in citizen. Payment Formatting Rules for XOF Europe regarding cross-border payments. IBAN and SWIFT BIC are – PNF is the personal number of the foreign citizen. • Ordering Customer (SWIFT MT103 F50): Include account number, full required for all euro payments. SEPA standards apply for euro – name (no initials), and address of the ordering customer. Use of payments to beneficiaries with accounts in Bulgaria. IZL is the name of the legal entity or private individual’s full name. initials can delay receipt of funds by the beneficiary. Payment Formatting Rules for BGN • Beneficiary Customer (SWIFT MT103 F59): Include account number, • Ordering Customer (SWIFT MT103 F50): Include account number, full full name (no initials), address, and telephone number of the name (no initials), and address of the ordering customer. Use of beneficiary customer. Use of initials may delay receipt of funds by the

initials can delay receipt of funds by the beneficiary. beneficiary.

• Beneficiary Customer (SWIFT MT103 F59): Include account number – It is mandatory to format account numbers for beneficiaries

(IBAN), full name (no initials) and address, of the beneficiary with accounts in Burkina Faso according to the below specifications. customer. Use of initials may delay receipt of funds by the – Account numbers should be 24 characters consisting of the beneficiary. 5 character bank code (including the 2 character country code) + 5 – IBAN numbers for beneficiaries with accounts in Bulgaria character branch code + 12 digit account number + 2 digit Clé RIB. must be included in the payment instructions. Country Code BF Account # Ex BG98 ABCD 1234 5678 9123 45 Length 24!c

Country Code BG

Structure BG2!n4!a4!n2!n8!c • Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with branch

Length 22!c identifier (where required), full name, and address of the beneficiary

Electronic Format Ex. BG98ABCD12345678912345 bank.

Print Format Ex. BG98 ABCD 1234 5678 9123 45 – SWIFT BIC is 8 or 11 alphanumeric characters: xxxxBFxx or xxxxBFxxxxx.

• Reason for Payment (SWIFT MT103 F70): Purpose of payment must • Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with branch be clearly identified (rent, salary, medical expenses, office expenses, identifier (where required), full name, and address of the beneficiary etc.). bank. Additional Information – SWIFT BIC is 8 or 11 alphanumeric characters: xxxxBGxx or • xxxxBGxxxxx. This country is a member of the Central Bank of West African States. • XOF is a zero decimal currency.

2020 Global Payments Guide Last Updated: November 13, 2020 For the most up-to-date version, please visit jpmorgan.com/visit/guide | 15 Burundi Cambodia Cameroon BIF – KHR – Cambodian Riel XAF – Central African CFA Franc

Overview Overview Overview • Information provided by the Beneficiary: Remitter should obtain all • Information provided by the Beneficiary: Remitter should obtain all • Information provided by the Beneficiary: Remitter should obtain all required bank information from the Beneficiary (e.g. SWIFT BIC, required bank information from the Beneficiary (e.g. SWIFT BIC, required bank information from the Beneficiary (e.g. SWIFT BIC, account number, and beneficiary bank address). account number, and beneficiary bank address). account number, and beneficiary bank address). Payment Formatting Rules for BIF • Central Bank: For additional information, please refer to Country Requirements/Restrictions • Ordering Customer (SWIFT MT103 F50): Include account number, full www.nbc.org.kh. • Additional Documentation: Additional supporting documentation name (no initials), and address of the ordering customer. Use of Payment Formatting Rules for KHR may be required from the beneficiary. initials can delay receipt of funds by the beneficiary. • Ordering Customer (SWIFT MT103 F50): Include account number, full Payment Formatting Rules for XAF • Beneficiary Customer (SWIFT MT103 F59): Include account number, name (no initials), and address of the ordering customer. Use of • Ordering Customer (SWIFT MT103 F50): Include account number, full full name (no initials), and address of the beneficiary customer. Use initials can delay receipt of funds by the beneficiary. name (no initials), and address of the ordering customer. Use of of initials may delay receipt of funds by the beneficiary. • Beneficiary Customer (SWIFT MT103 F59): Include account number, initials can delay receipt of funds by the beneficiary. • Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with branch full name (no initials) and address of the beneficiary customer. Use of • Beneficiary Customer (SWIFT MT103 F59): Include account number, identifier (where required), full name, and address of the beneficiary initials may delay receipt of funds by the beneficiary. full name (no initials), address, and telephone number of the bank. • Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with branch beneficiary customer. Use of initials may delay receipt of funds by the – SWIFT BIC is 8 or 11 alphanumeric characters: xxxxBIxx or identifier (where required), full name, and address of the beneficiary beneficiary. xxxxBIxxxxx. bank. – Account numbers should be 23 digits. The RIB code consists • Reason for Payment (SWIFT MT103 F70): Purpose of payment must – SWIFT BIC is 8 or 11 alphanumeric characters: xxxxKHxx or of the 5 digit bank code + 5 digit branch code + 11 digit account be clearly identified (rent, salary, medical expenses, office expenses, xxxxKHxxxxx. number + 2 digit key. etc.). • Reason for Payment (SWIFT MT103 F70): Purpose of payment must • Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with branch Additional Information be clearly identified (rent, salary, medical expenses, office expenses, identifier, full name, and address of the beneficiary bank. • BIF is a zero decimal currency. etc.). – SWIFT BIC is 8 or 11 alphanumeric characters: xxxxCMxx or xxxxCMxxxxx. • Reason for Payment (SWIFT MT103 F70): Purpose of payment must be clearly identified (rent, salary, medical expenses, office expenses, etc.). Additional Information • This country is a member of the Bank of Central African States. • XAF is a zero decimal currency.

The following character representations and length indications are used: N Digits numeric characters c Upper and lowercase a Uppercase letter e Blank space | 15 alphanumeric characters alphabetic characters n Maximum length (A-Z, a-z, and 0-9) (A-Z only) nn! Fixed length

2020 Global Payments Guide Last Updated: November 13, 2020 For the most up-to-date version, please visit jpmorgan.com/visit/guide | 16 Canada Canada Canada CAD – Canadian Dollar Continued Continued

Overview – The ideal size of the mandatory fields for ordering • Beneficiary Bank (SWIFT MT103 F57): Include the SWIFT BIC and the 2 • Information provided by the Beneficiary: Remitter should obtain all party/beneficiary full account name is 35 characters. For the Canadian bank branch , or, where BIC and Routing required bank information from the Beneficiary (e.g. Canadian bank mandatory ordering party/beneficiary address, full physical address Code is not provided by the counterparty, the full name, and full branch routing number, SWIFT BIC code and beneficiary bank components should fit into the rest of the 3 lines with 35 characters physical address of the beneficiary bank as an alternative, although, address). Absence of this information may result in delays or returns. in each line. Where the beneficiary name exceeds one line, the full the payment may fall into repair. It is recommended by JPMorgan that • Central Bank: For additional information, please refer to beneficiary name and full address should fit in 4 lines. The address the bank’s SWIFT BIC is provided, and, where applicable, the www.bankofcanada.ca. information should not overflow into other fields to avoid delays or Canadian Clearing Code is provided for CAD payments. Where the rejection. SWIFT BIC is not provided, the wire payment may fall into repair. Country Requirements/Restrictions – Financial institutions may reject or delay your wires if the – It is recommended by Payments Canada that the Canadian • Currency and Clearing Information: Canada has well-developed high- required information is not provided or address information does not Clearing Code or routing code be used for payments denominated in value and low-value electronic payment systems. include a full physical address in the mandatory fields. CAD. The 9-digit routing number is made up of the Direct Payment • Account Restrictions: Residents and non-residents can hold both Payment Formatting Rules for CAD Routing Number (4 digits) and the Branch Transit Number (5 digits). domestic and foreign currency accounts. Most Canadian banks offer • The structure is //CC followed by nine digits. Example: accounts in USD. Ordering Customer (SWIFT MT103/MT101 F50): For MT103 wire payments debiting a non-FCB1 client account, the JPMorgan wire //CC123412345. • Canada’s “Proceeds of Crime (Money Laundering) and Terrorist – engine will enhance the account name and address from account Where applicable, the beneficiary bank address and/or Financing Act” and related regulations impose an obligation on all records. For all other MT103MT101 formatted wire transactions in transit number identifies which internal branch account the main Canadian financial institutions, including J.P. Morgan, to obtain and out of Canada, including those paid through an intermediary bank should direct the funds to. certain information for wire payments transmitted in a SWIFT bank, include account number, full name (no initials), and full – SWIFT BIC is 8 or 11 alphanumeric characters: xxxxCAxx or 103/103+ format and a SWIFT MT101s that result in the SWIFT physical address of the ordering customer. Use of initials can delay xxxxCAxxxxx. MT103 format. In order to comply with these regulatory receipt of funds by the beneficiary. requirements, J.P. Morgan will require complete order • Wire receipts for credit to a Canadian corporate account need to be party/beneficiary information to be included in any wire payments Beneficiary Customer (SWIFT MT103 or MT101 resulting in a SWIFT received by JPMorgan Toronto in the swift MT103 format due to Canadian that are sent or received through your accounts with us in Canada. MT103 F59): For all transactions in and out of Canada, including those paid through an intermediary bank, include account number, regulatory reporting obligations. If they are received in the MT202 format – Complete order party/beneficiary information includes: full full name (no initials), full physical address, and telephone number of for credit to a corporate-owned account, the wire receipt in the MT202 account name, full account number, full beneficiary bank name, the the beneficiary customer. Use of initials may delay receipt of funds by format will be rejected and will have to be resent by the counterparty in SWIFT BIC code, and full physical address information. A full physical the beneficiary. the SWIFT MT103 format. address must include: street number, street name, city or town, state – or province where applicable, and country, preferably in the 2- When paying CAD to a beneficiary who holds an account with 1 character ISO format. Royal Bank of Canada or the Bank of Nova Scotia, the account FCB means Foreign Correspondent Bank number should be 12 digits. 2 In circumstances where a street number is not assigned to a physical Canadian Clearing Code is mandatory for Laurentian Bank, National – location, a description of the location, such as a building and street Telephone number of the beneficiary may also be provided in Bank, Desjardins, CIBC & Meridian Bank, Manulife Bank, State Street name, may be acceptable. A P.O. Box is not acceptable without a full SWIFT MT103 F70 Bank physical address. State or province is also required for all U.S. and Canada addresses and for other countries, where applicable. Some Canadian banks also require the Canadian Clearing Code to avoid delays in processing.

2020 Global Payments Guide Last Updated: November 13, 2020 For the most up-to-date version, please visit jpmorgan.com/visit/guide | 17 Cape Verde Cayman Island Central African Republic CVE – KYD– Cayman Island Dollars XAF – Central African CFA Franc

Overview Overview Overview • Information provided by the Beneficiary: Remitter should obtain all • Information provided by the Beneficiary: Remitter should obtain all • Information Provided by the Beneficiary: Remitter should obtain all required bank information from the Beneficiary (e.g. SWIFT BIC, required bank information from the Beneficiary (e.g. SWIFT BIC, required bank information from the Beneficiary (e.g. SWIFT BIC, account number, and beneficiary bank address). account number, and beneficiary bank address). account number, and beneficiary bank address). • Central Bank: For additional information, please refer to www.bcv.cv. Payment Formatting Rules for KYD Country Requirements/Restrictions Payment Formatting Rules for CVE • Ordering Customer (SWIFT MT103 F50): Include account number, full • Additional Documentation: Additional supporting documentation • Ordering Customer (SWIFT MT103 F50): Include account number, full name (no initials), and address of the ordering customer. Use of may be required from the beneficiary. name (no initials), and address of the ordering customer. Use of initials can delay receipt of funds by the beneficiary. Payment Formatting Rules for XAF • initials can delay receipt of funds by the beneficiary. Beneficiary Customer (SWIFT MT103 F59): Include account number, • Ordering Customer (SWIFT MT103 F50): Include account number, full • Beneficiary Customer (SWIFT MT103 F59): Include account number, full name (no initials) and full address (Mandatory). Use of initials name (no initials), and address of the ordering customer. Use of full name (no initials) and address of the beneficiary customer. Use of may delay receipt of funds by the beneficiary. initials can delay receipt of funds by the beneficiary. • initials may delay receipt of funds by the beneficiary. Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with branch • Beneficiary Customer (SWIFT MT103 F59): Include account number, • Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with identifier, full name, and address of the beneficiary bank. full name (no initials), address and telephone number of the branch identifier (where required), full name, and address of the – SWIFT BIC is 8 or 11 alphanumeric characters: xxxxKYxx or beneficiary customer. Use of initials may delay receipt of funds by the beneficiary bank. xxxxKYxxxxx. beneficiary. – SWIFT BIC is 8 or 11 alphanumeric characters: xxxxCVxx or • Reason for Payment (SWIFT MT103 F70): Purpose of payment must – Account numbers should be 23 digits. The RIB code consists xxxxCVxxxxx. be clearly identified (rent, salary, medical expenses, office expenses, of the 5 digit bank code + 5 digit branch code + 11 digit account • Reason for Payment (SWIFT MT103 F70): Purpose of payment must etc.). number + 2 digit key. be clearly identified (rent, salary, medical expenses, office expenses, Additional Information • Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with branch etc.). • Payments are processed onshore as draft payments . identifier, full name, and address of the beneficiary bank. – SWIFT BIC is 8 or 11 alphanumeric characters: xxxxCFxx or xxxxCFxxxxx. • Reason for Payment (SWIFT MT103 F70): Purpose of payment must be clearly identified (rent, salary, medical expenses, office expenses, etc.). Additional Information • This country is a member of the Bank of Central African States. • XAF is a zero decimal currency.

The following character representations and length indications are used: N Digits numeric characters c Upper and lowercase a Uppercase letter e Blank space | 17 alphanumeric characters alphabetic characters n Maximum length (A-Z, a-z, and 0-9) (A-Z only) nn! Fixed length

2020 Global Payments Guide Last Updated: November 13, 2020 For the most up-to-date version, please visit jpmorgan.com/visit/guide | 18 Chad Chile Chile XAF – Central African CFA Franc CLP – Chilean Peso Continued

Overview Overview • Reason for Payment (SWIFT MT103 F70): Purpose of payment must • Information provided by the Beneficiary: Remitter should obtain all • Information provided by the Beneficiary: Remitter should obtain all be clearly identified (rent, salary, medical expenses, office expenses, required bank information from the Beneficiary (e.g. SWIFT BIC, required bank information from the Beneficiary (e.g. SWIFT BIC, etc.). Please refer to the Central Bank of Chile purpose of payment account number, and beneficiary bank address). account number, beneficiary’s email address, tax ID number, and codes (pg 7-11 ) https://www.bcentral.cl/documents/33528/133521/Manual+de Country Requirements/Restrictions beneficiary bank address). • +Procedimientos+y+Formularios+de+Informaci%C3%B3n+del+CN • Additional Documentation: Additional supporting documentation Central Bank: For additional information, please refer to www.bcentral.cl/eng. CI.pdf/bcdfb774-330a-c6e1-b9fd- may be required from the beneficiary. 1b5e2c078426?t=1583165824643 Country Requirements/Restrictions Payment Formatting Rules for XAF • Sender to Receiver Information (SWIFT MT103 F72): To avoid • • Ordering Customer (SWIFT MT103 F50): Include account number, full Payment Restrictions: payment delays from an account outside of the United States, the name (no initials), and address of the ordering customer. Use of – FX payments can only be made to on-shore residents with an beneficiary’s email address should be included. Please replace ‘@’ initials can delay receipt of funds by the beneficiary. in country presence. with ‘_AT_’ (blank space before and after ‘_AT_’) for smooth • Beneficiary Customer (SWIFT MT103 F59): Include account number, – Import payments and export transactions above USD 5 processing. Sample Format: /INT/name AT jpmchase.com. full name (no initials), address and telephone number of the million per year must be reported to the Banco Central de Chile. • For payments greater than the equivalent of USD 10,000, a onetime beneficiary customer. Use of initials may delay receipt of funds by the • Account Restrictions: Residents and non-residents can open and registration is required for the remitting party. To avoid potential beneficiary. maintain foreign currency accounts domestically and abroad. delays or rejection of payments, include the following details with – Account numbers should be 23 digits. The RIB code consists Foreign currency accounts held at commercial banks require your initial CLP payment instructions. This information is not required of the 5 digit bank code + 5 digit branch code + 11 digit account certification of domicile and a tax identification number. for subsequent CLP payments. number + 2 digit key. • Additional Documentation: Additional supporting documentation - From individual – full name, passport number or driver’s license, • Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with branch may be required from the beneficiary. date of birth, gender, and country of origin identifier, full name, and address of the beneficiary bank. – NGOs need to present current registration documents at their - From entity – name, country of origin, and industry (Education, – SWIFT BIC is 8 or 11 alphanumeric characters: xxxxTDxx or local bank. Financial, Technology, etc.) xxxxTDxxxxx. Payment Formatting Rules for CLP Additional Information • Reason for Payment (SWIFT MT103 F70): Purpose of payment must • Ordering Customer (SWIFT MT103 F50): Include account number, full • CLP is a zero decimal currency. be clearly identified (rent, salary, medical expenses, office expenses, name (no initials), and address of the ordering customer. Use of etc.). initials can delay receipt of funds by the beneficiary. Additional Information • Beneficiary Customer (SWIFT MT103 F59): Include account number, • This country is a member of the Bank of Central African States. full name (no initials), address, and tax ID of the beneficiary • XAF is a zero decimal currency. customer. Use of initials may delay receipt of funds by the beneficiary. – There are no specific beneficiary account number requirements in this country. – Include the beneficiary’s 9-digit RUT (tax ID) number . This information is required to avoid payment delays or return. This information may also be provided in SWIFT MT103 F70. • Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with branch identifier (where required), full name, and address of the beneficiary bank. – There are no specific bank clearing codes in this country for cross-border payments. SWIFT BIC is key to routing payments to the beneficiary bank. – SWIFT BIC is 8 or 11 alphanumeric characters: xxxxCLxx or xxxxCLxxxxx.

2020 Global Payments Guide Last Updated: November 13, 2020 For the most up-to-date version, please visit jpmorgan.com/visit/guide | 19 China China China CNY – Chinese Yuan/Renminbi Continued Continued

Overview – Like the other off-shore markets in New York, Singapore, • Beneficiary Customer (SWIFT MT103 F59): Include account number, • Information provided by the Beneficiary: Remitter should obtain all Tokyo, and London, no specific regulatory restrictions are imposed on full name (no initials), address, and as best practice, telephone required bank information from the Beneficiary (e.g. SWIFT BIC, payment initiation and FX in CNH. However, payments involving FX for number of the beneficiary customer. Use of initials or beneficiary account number, and beneficiary bank address). CNY rate (the on-shore renminbi rate) are subject to restrictions. name mismatches may delay receipt of funds by the beneficiary. – – • Central Bank: For additional information, please refer to Only merchandise trades with China to be settled within three The provided beneficiary name should be exactly the same as www.pbc.gov.cn. months are eligible to contract the CNY rate. the information registered in China’s central bank information system – Receipt of cross-border CNY remittance to personal accounts (RCPMIS). Country Requirements/Restrictions (On-Shore CNY) in China is not supported. • Beneficiary Bank (SWIFT MT103 F57): Include the CNAPS code of the • Payment Restrictions: This is a restricted currency. Restricted – Due to China National Advanced Payment System (CNAPS) beneficiary bank (preferred). Input of the CNAPS code should start currency payments must include all required information or they will requirements, cross-border CNY payments with invalid or missing with the code word “C/N”. If not available, then include the SWIFT be canceled. purpose of payment codes may be delayed or rejected by the BIC and full name and address of the beneficiary bank. Failing to – Beneficiary must have been activated in RCPMIS, the central processing bank in China. provide beneficiary bank name and address could result in payment bank reporting system, by its local bank before it can conduct any • Account Restrictions: Like the other off-shore markets in New York, mid-routing and delays. CNY cross-border transaction for the first time. Singapore, Tokyo, and London, there are no specific regulatory – CNAPS is a 12/14-digit numeric code that identifies each – For corporations, payments can be for merchandise, service restrictions imposed on account opening. CNAPS member bank. CNAPS is the renminbi RTGS clearing system trade, other current account items (i.e., operating expenses) and • Additional Documentation: Supporting documentation may be in China. approved capital activities. requested from the beneficiary to substantiate an FX trade. – If SWIFT BIC is not available or the ordering customer is • Account Restrictions: Non-resident companies require approval from sending local currency within China, include the full name and the People’s (PBOC) for the opening of CNY settlement Foreign Currency Payment into Mainland China Foreign Currency Current & Capital Accounts address of the beneficiary bank. account in China. • – SWIFT BIC is 8 or 11 alphanumeric characters: xxxxCNxx or • Additional Documentation: Supporting documents are not required Foreign currency accounts in China are purpose based. Current and capital accounts are the most common on-shore foreign currency xxxxCNxxxxx. for outgoing payments if the payment bank allows document • Sender to Receiver Information (SWIFT MT103 F72): A purpose of simplification. Local regulatory reporting applies to all cross-border accounts. payment code must be included on its own line in F72 for cross- payments. • Current accounts are for normal pay/receive activities. Capital border China-bound CNY payments. The purpose of payment code – accounts are reserved for capital injection. If requested, the beneficiary must provide the local bank with should be preceded by /ACC/PURPOSE. Sample Format: • Capital account opening can be done based on one-off registration supporting documentation to validate the underlying transaction and /ACC/PURPOSE/CAP/ receive credit into the account. with local regulator. Balance limit is capped at the amount of the approved investment. FX from renminbi to another foreign currency Country Requirements/Restrictions (Off-Shore CNY) must be supported by documentation detailing the nature/purpose Code Description • Currency & Clearing Information: The official ISO currency code for of the exchange. /CAP/ Capital Account payments is CNY. It is used as the official code to denominate • Foreign currency receipts relating to merchandise or trade activity will /GDS/ Goods Trade payments and accounts. CNH is the informal currency term used in be received into a Verification Account before being credited to the the off-shore markets, and denotes the foreign exchange rate for the /SRV/ Service Trade current account. renminbi traded in the off-shore markets. /CAC/ Current Account • Foreign currency receipts of any amount are subject to explanation on – Hong Kong is by far the largest renminbi off-shore market /FTF/ Bank to Bank Funds Transfer nature/purpose of payment. due to its early participation in the renminbi international trade

settlement scheme and the development of a domestic RMB clearing Payment Formatting Rules for CNY – The purpose description (optional) can be added in line 2 or system (CHATS) where the Bank of China (Hong Kong) is the • Ordering Customer (SWIFT MT103 F50): Include account number, full in SWIFT MT103 F70. settlement institution. name (no initials), and address of the ordering customer. Use of – J.P. Morgan will reject without prior notice any China bound • Payment Restrictions: Since the liberalization of the currency, the initials can delay receipt of funds by the beneficiary. cross-border payment instructions missing purpose of payment renminbi can be used globally as a trade settlement currency in off- codes. shore jurisdictions (outside mainland China). (Continued on next page)

The following character representations and length indications are used: N Digits numeric characters c Upper and lowercase a Uppercase letter e Blank space | 19 alphanumeric characters alphabetic characters n Maximum length (A-Z, a-z, and 0-9) (A-Z only) nn! Fixed length

2020 Global Payments Guide Last Updated: November 13, 2020 For the most up-to-date version, please visit jpmorgan.com/visit/guide | 20 Colombia Colombia Costa Rica COP – Colombian Peso Continued CRC – Costa Rican Colon

Overview – The beneficiary’s 10-digit beneficiary ID number and Overview • Information provided by the Beneficiary: Remitter should obtain all telephone number is required to avoid payment delays or return. This • Information provided by the Beneficiary: Remitter should obtain all required bank information from the Beneficiary (e.g. SWIFT BIC, information may also be provided in SWIFT MT103 F70. required bank information from the Beneficiary (e.g. SWIFT BIC, account number, beneficiary bank address, and beneficiary’s tax ID, • Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with branch IBAN, tax ID number, and beneficiary bank address). identifier (where required), full name, and address of the beneficiary email address, and telephone number). Country Requirements/Restrictions • bank. Central Bank: For additional information, please refer to • Payment Restrictions: FX CRC payments to individuals are currently – There are no specific bank clearing codes in this country for www.banrep.gov.co/en. not supported. cross-border payments. SWIFT BIC is key to routing payments to the Country Requirements/Restrictions • Account Restrictions: Non-residents can hold in-country accounts. beneficiary bank. • Payment Restrictions: The beneficiary must have an in country • Additional Documentation: Supporting documentation may be – SWIFT BIC is 8 or 11 alphanumeric characters: xxxxCOxx or presence to receive COP FX payments. required from the beneficiary to receive credit into the account. xxxxCOxxxxx. • Additional Documentation: Supporting documentation may be • Sender to Receiver Information (SWIFT MT103 F72): To avoid Payment Formatting Rules for CRC required from the beneficiary to receive credit into the account. payment delays, the beneficiary’s email address should be included. • Ordering Customer (SWIFT MT103 F50): Include account number, full – Anti-money laundering regulations require supporting Please replace ‘@’ with ‘_AT_’ (blank space before and after ‘_AT_’) name (no initials), and address of the ordering customer. Use of documentation declaring the source of the funds when dealing with for smooth processing. Sample Format: /INT/name AT initials can delay receipt of funds by the beneficiary. the FX desk. jpmchase.com. • Beneficiary Customer (SWIFT MT103 F59): Include account number – The beneficiary is required to sign and return the two forms • Reason for Payment (SWIFT MT103 F70): Purpose of payment must (IBAN), full name (no initials), address and tax ID number of the noted before 1:00 p.m. local time for funds to be received by 5:00 be clearly identified (goods, services, capital, etc.). beneficiary customer. Use of initials may delay receipt of funds by the p.m. local time. Declaration form provided by the Central Bank of Additional Information beneficiary. Colombia must contain the U.S. dollar amount that the third party – The 17-digit account number called “Cuenta Cliente” is • In-country beneficiary banks supported for COP FX payments include: vendor is sending to fund the payment. Letter of Instruction must also required. contain the U.S. dollar amount that the vendor is sending to fund the Banco AV Villas, Banco de Bogota, Bancolombia, Banco de – IBAN numbers for beneficiaries with accounts in Costa Rica payment. Occidente, BBVA Colombia, CorpBanca, Citibank, Banco Caja Social BCSC / CASOCOBB ( only payments less than 10,000 USD must be included in the payment instructions. Payment Formatting Rules for COP equivalent), Banco Davivienda, Helm Bank (Banco de Credito), • Ordering Customer (SWIFT MT103 F50): For payments in all Banco Santander, Banco GNB Sudameris.( only payments less than Account # Ex 12345678912345 currencies, include account number, full name (no initials), and 10,000 USD equivalent) and Banco Colpatria (only payments less Country Code CR address of the ordering customer. Use of initials can delay receipt of tan 10,000 USD equivalent) funds by the beneficiary. Structure CR2!n3!n14!n • For payment below USD 10,000/COP : Beneficiary will have to – Include full address, city, and country of the ordering Length 22!c accept the funds by filling out the appropriate forms on shore with customer. Electronic Format Ex. CR9876512345678912345 their bank. • Beneficiary Customer (SWIFT MT103 F59): For payments in all • For payment above USD 10,000/COP: Beneficiary bank will require Print Format Ex. CR98 7651 2345 6789 1234 5 currencies, include account number, full name (no initials), address, any supporting documents to be filled out and presented on the day 10-digit beneficiary ID (e.g., NIT, RUT, Cédula de Ciudadanía), and the transaction is closed for the funds to be credited. – Include the beneficiary’s Cedula Juridica (9-12 digit tax ID) telephone number of the beneficiary customer. Use of initials may number to avoid payment delays or return. This information may also delay receipt of funds by the beneficiary. be provided in SWIFT MT103 F70. – There are no specific beneficiary account number 10 digits = corporation (beginning with 3) requirements in this country. 9 digits = local individual ( beginning with 1 through to 9) – Include full address, city, and country of the beneficiary customer. 2 digits = foreign individual; ( beginning with 1 ) • Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with branch identifier (where required), full name, and address of the beneficiary bank. – There are no specific bank clearing codes for this country for cross-border payments. SWIFT BIC is key to routing payments to the beneficiary bank.

2020 Global Payments Guide Last Updated: November 13, 2020 For the most up-to-date version, please visit jpmorgan.com/visit/guide | 21 Costa Rica Croatia Cyprus Continued HRK – Croatian Kuna EUR – Euro

• Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with branch Overview Overview identifier (where required), full name, and address of the beneficiary • Information provided by the Beneficiary: Remitter should obtain all • Information provided by the Beneficiary: Remitter should obtain all bank. required bank information from the Beneficiary (e.g. SWIFT BIC, required bank information from the Beneficiary (e.g. SWIFT BIC, – There are no specific bank clearing codes for this country for IBAN, and beneficiary bank address). IBAN, and beneficiary bank address). cross-border payments. SWIFT BIC is key to routing payments to the • Central Bank: For additional information, please refer to • Central Bank: For additional information, please refer to beneficiary bank. www.hnb.hr/eindex.htm. www.centralbank.gov.cy.

Country Requirements/Restrictions Country Requirements/Restrictions – SWIFT BIC is 8 or 11 alphanumeric characters: xxxxCRxx or • SEPA: Strict formatting standards and SEPA guidelines exist in • SEPA: Strict formatting standards and SEPA guidelines exist in xxxxCRxxxxx. Europe regarding cross-border payments. IBAN and SWIFT BIC are Europe regarding cross-border payments. IBAN and SWIFT BIC are required for all euro payments. SEPA standards apply for euro required for all euro payments. SEPA standards apply for euro payments to beneficiaries with accounts in Croatia. SEPA standards payments to beneficiaries with accounts in Cyprus. do not apply to Croatian Kuna payments. Payment Formatting Rules for EUR Payment Formatting Rules for HRK • Ordering Customer (SWIFT MT103 F50): Include account number, full • Ordering Customer (SWIFT MT103 F50): Include account number, full name (no initials), and address of the ordering customer. Use of name (no initials), and address of the ordering customer. Use of initials can delay receipt of funds by the beneficiary. initials can delay receipt of funds. • Beneficiary Customer (SWIFT MT103 F59): Include account number • Beneficiary Customer (SWIFT MT103 F59): Include account number (IBAN), full name (no initials) and address of the beneficiary (IBAN), full name (no initials) and address of the beneficiary customer. Use of initials may delay receipt of funds by the customer. Use of initials may delay receipt of funds by the beneficiary. beneficiary. – IBAN numbers for beneficiaries with accounts in Cyprus must – IBAN numbers for beneficiaries with accounts in Croatia be included in the payment instructions. must be included in the payment instructions. Account # Ex 1234567891234567 Account # Ex 1234567- 8912345678 Country Code CY Country Code HR Structure CY2!n3!n5!n16!c Structure HR2!n7!n10!n Length 28!c Length 21!c Electronic Format Ex. CY98765432191234567891234567 Electronic Format Ex. HR9812345678912345678 Print Format Ex. CY98 7654 3219 1234 5678 9123 4567 Print Format Ex. HR98 1234 5678 9123 4567 8 • Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with branch • Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with branch identifier (where required), full name, and address of the beneficiary identifier (where required), full name, and address of the beneficiary bank. bank. – SWIFT BIC is 8 or 11 alphanumeric characters: xxxxCYxx or – There are no specific bank clearing codes for this country for xxxxCYxxxxx. cross-border payments; SWIFT BIC is key to routing payments to the beneficiary bank. – SWIFT BIC is 8 or 11 alphanumeric characters: xxxxHRxx or xxxxHRxxxxx.

The following character representations and length indications are used: N Digits numeric characters c Upper and lowercase a Uppercase letter e Blank space | 21 alphanumeric characters alphabetic characters n Maximum length (A-Z, a-z, and 0-9) (A-Z only) nn! Fixed length

2020 Global Payments Guide Last Updated: November 13, 2020 For the most up-to-date version, please visit jpmorgan.com/visit/guide | 22 Czech Republic (Czechia) Czech Republic (Czechia) Denmark CZK – Czech Koruna Continued DKK – Danish Krone

Overview Overview • Information provided by the Beneficiary: Remitter should obtain all Account # Ex 12-3456789123/4567 • Information provided by the Beneficiary: Remitter should obtain all required bank information from the Beneficiary (e.g. SWIFT BIC, Country Code CZ required bank information from the Beneficiary (e.g. SWIFT BIC, IBAN, and beneficiary bank address). Structure CZ2!n4!n6!n10!n IBAN, and beneficiary bank address). • Central Bank: For additional information, please refer to www.cnb.cz. Length 24!c • Central Bank: For additional information, please refer to www.nationalbanken.dk. Country Requirements/Restrictions Electronic Format Ex. CZ9876541234567891234567 • Country Requirements/Restrictions Currency & Clearing Information: Czech Republic is a member of the Print Format Ex. CZ98 7654 1234 5678 9123 4567 European Union and is adopting the payment practices of the • Currency & Clearing Information: Denmark is a member of the European Union, although the country has not adopted the Euro. European Union and is adopting the payment practices of the • • Payment Restrictions: Funds movement greater than CZK 1,000,000 Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with European Union. However, the country has not adopted the Euro. involving resident and non-resident legal entities and funds transfers branch identifier (where required), full name, and address of the • SEPA: Strict formatting standards and SEPA guidelines exist in on residents’ accounts abroad must be reported to the Central beneficiary bank. Europe regarding cross-border payments. IBAN and SWIFT BIC are National Bank. – There are no specific bank clearing codes for this country for required for all euro payments. SEPA standards apply for euro • Account Restrictions: Residents and non-residents are permitted to cross-border payments. SWIFT BIC is key to routing payments to the payments to beneficiaries with accounts in Denmark. beneficiary bank. open and maintain domestic currency (CZK) and foreign currency Payment Formatting Rules for DKK – SWIFT BIC is 8 or 11 alphanumeric characters: xxxxCZxx or accounts both locally and abroad. • Ordering Customer (SWIFT MT103 F50): Include account number, full xxxxCZxxxxx. • SEPA: Strict formatting standards and SEPA guidelines exist in name (no initials), and address of the ordering customer. Use of Europe regarding cross-border payments. IBAN and SWIFT BIC are Additional Information initials can delay receipt of funds . required for all euro payments. SEPA standards apply for euro • If the payee’s account is at the same bank as the payer, same-day • Beneficiary Customer (SWIFT MT103 F59): Include account number payments to beneficiaries with accounts in the Czech Republic. SEPA settlement takes place. For interbank credit transfers, crediting can (IBAN), full name (no initials) address of the beneficiary customer. standards do not apply to Czech koruna payments. sometimes take as long as three working days. Use of initials may delay receipt of funds by the beneficiary. Payment Formatting Rules for CZK • Domestic services are offered to all Czech Republic banks. However, – Use of IBAN numbers is highly recommended. IBAN is • Ordering Customer (SWIFT MT103 F50): Include account number, full not all banks are authorized to transfer payments abroad. required for all EUR payments subject to SEPA standards.

name (no initials), and address of the ordering customer. Use of initials can delay receipt of funds by the beneficiary. Account # Ex 1234 567891234 • Beneficiary Customer (SWIFT MT103 F59): Include account number Country Code DK (IBAN), full name (no initials), address of the beneficiary customer. Structure DK2!n4!n9!n1!n Use of initials may delay receipt of funds by the beneficiary. Length 18!c – Use of IBAN numbers is highly recommended. If an IBAN is not used, the 16-digit CZK account number is required. IBAN is Electronic Format Ex. DK9871234567891234 required for all EUR payments subject to SEPA standards. Print Format Ex. DK98 7123 4567 8912 34

• Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with branch identifier (where required), full name, and address of the beneficiary bank. – There are no specific bank clearing codes in this country for cross-border payments. SWIFT BIC is key to routing payments to the beneficiary bank. – SWIFT BIC is 8 or 11 alphanumeric characters: xxxxDKxx or xxxxDKxxxxx. 2020 Global Payments Guide Last Updated: November 13, 2020 For the most up-to-date version, please visit jpmorgan.com/visit/guide | 23 Djibouti Dominica Dominican Republic DJF – Djiboutian Franc XCD – East Caribbean Dollar DOP – Dominican Peso

Overview Overview Overview • Information provided by the Beneficiary: Remitter should obtain all • Information provided by the Beneficiary: Remitter should obtain all • Information provided by the Beneficiary: Remitter should obtain all required bank information from the Beneficiary (e.g. SWIFT BIC, required bank information from the Beneficiary (e.g. SWIFT BIC, required bank information from the Beneficiary (e.g. SWIFT BIC, account number, and beneficiary bank address). account number, and beneficiary bank address). account number, and beneficiary bank address). Country Requirements/Restrictions • Central Bank: For additional information, please refer to www.eccb- • Central Bank: For additional information, please refer to • Additional Documents: Supporting documentation may be required centralbank.org. www.bancentral.gov.do. from the beneficiary to receive credit into the account. Payment Formatting Rules for XCD Payment Formatting Rules for DOP – An invoice copy may be requested for all payments for goods • Ordering Customer (SWIFT MT103 F50): Include account number, full • Ordering Customer (SWIFT MT103 F50): Include account number, full and services. name (no initials), and address of the ordering customer. Use of name (no initials) and, address of the ordering customer. Use of Payment Formatting Rules for DJF initials can delay receipt of funds by the beneficiary. initials can delay receipt of funds by the beneficiary. • • • Ordering Customer (SWIFT MT103 F50): Include account number, full Beneficiary Customer (SWIFT MT103 F59): Include account number, Beneficiary Customer (SWIFT MT103 F59): Include account number, name (no initials), and address of the ordering customer. Use of full name (no initials) and address of the beneficiary customer. Use full name (no initials), address and tax ID of the beneficiary initials can delay receipt of funds by the beneficiary. of initials may delay receipt of funds by the beneficiary. customer. Use of initials may delay receipt of funds by the • • Beneficiary Customer (SWIFT MT103 F59): Include account number, Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with beneficiary. – full name (no initials) and address of the beneficiary customer. Use of branch identifier (where required), full name, and address of the IBAN numbers for beneficiaries with accounts in the initials may delay receipt of funds by the beneficiary. beneficiary bank. Dominican Republic must be included in the payment instructions. – • Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with branch SWIFT BIC is 8 or 11 alphanumeric characters: xxxxDMxx or identifier (where required), full name, and address of the beneficiary xxxxDMxxxxx. Account # Ex 12345678912345678912 bank. • Reason for Payment (SWIFT MT103 F70): Purpose of payment must Country Code DO – SWIFT BIC is 8 or 11 alphanumeric characters: xxxxDJxx or be clearly identified (rent, salary, medical expenses, office expenses, Structure DO2!n4!c20!n etc.). xxxxDJxxxxx. Length 28!c • Reason for Payment (SWIFT MT103 F70): Purpose of payment must Electronic Format Ex. DO98ABCD12345678912345678912 be clearly identified (rent, salary, medical expenses, office expenses, Print Format Ex. DO98 ABCD 1234 5678 9123 4567 8912 etc.). Additional Information – • Payments to Dahabshil Bank International are not supported. Tax ID must be included in the payment instructions. For institutions, include the tax ID card number (7 digits or more) or • The local market is closed on Fridays. “Registro Mercantil” (9 digits or more) assigned by the Chamber of • DJF is a zero decimal currency. Commerce. For individuals, include the 11-digit “Cedula” or passport number. • Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with branch identifier (where required), full name, and address of the beneficiary bank. – SWIFT BIC is 8 or 11 alphanumeric characters: xxxxDOxx or xxxxDOxxxxx. • Reason for Payment (SWIFT MT103 F70): Purpose of payment must be clearly identified (rent, salary, medical expenses, office expenses, etc.).

The following character representations and length indications are used: N Digits numeric characters c Upper and lowercase a Uppercase letter e Blank space | 23 alphanumeric characters alphabetic characters n Maximum length (A-Z, a-z, and 0-9) (A-Z only) nn! Fixed length

2020 Global Payments Guide Last Updated: November 13, 2020 For the most up-to-date version, please visit jpmorgan.com/visit/guide | 24 Egypt Equatorial Guinea Eritrea EGP – XAF – Central African CFA Franc ERN –

Overview Overview Overview • Information provided by the Beneficiary: Remitter should obtain all • Information provided by the Beneficiary: Remitter should obtain all • Information provided by the Beneficiary: Remitter should obtain all required bank information from the Beneficiary (e.g. SWIFT BIC, required bank information from the Beneficiary (e.g. SWIFT BIC, required bank information from the Beneficiary (e.g. SWIFT BIC, account number, and beneficiary bank address). account number, and beneficiary bank address). account number, and beneficiary bank address). Country Requirements/Restrictions Country Requirements/Restrictions Country Requirements/Restrictions • Payment Restrictions: EGP trades can’t be booked offshore. • Additional Documentation: Additional supporting documentation • Payment Restrictions: FX payments can only be made to on-shore • Account Restrictions: Residents may open foreign or local currency may be required from the beneficiary. residents with an in country presence. accounts. Payment Formatting Rules for XAF Payment Formatting Rules for ERN • Additional Documents: Non-residents need a letter of introduction • Ordering Customer (SWIFT MT103 F50): Include account number, full • Ordering Customer (SWIFT MT103 F50): Include account number, full from their bankers indicating the purpose of the account and name (no initials), and address of the ordering customer. Use of name (no initials), and address of the ordering customer. Use of documentary proof showing that the account will be used for initials can delay receipt of funds by the beneficiary. initials can delay receipt of funds by the beneficiary. legitimate business. • Beneficiary Customer (SWIFT MT103 F59): Include account number, • Beneficiary Customer (SWIFT MT103 F59): Include account number, Payment Formatting Rules for EGP full name (no initials) and address of the beneficiary customer. Use full name (no initials) and address of the beneficiary customer. Use • Ordering Customer (SWIFT MT103 F50): Include account number, full of initials may delay receipt of funds by the beneficiary. of initials may delay receipt of funds by the beneficiary. name (no initials), and address of the ordering customer. Use of – Account numbers should be 23 digits. The RIB code consists • Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with branch initials can delay receipt of funds by the beneficiary. of the 5 digit bank code + 5 digit branch code + 11 digit account identifier (where required), full name, and address of the beneficiary • Beneficiary Customer (SWIFT MT103 F59): Effective 30th June 2020, number + 2 digit key. bank. Branch name or full beneficiary bank branch address is 29 characters IBAN is mandatory. Include full name (no initials) and • Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with branch required to avoid payment delays ( this can also be included in F72). address of the beneficiary customer. Use of initials may delay receipt identifier, full name, and address of the beneficiary bank. – SWIFT BIC is 8 or 11 alphanumeric characters: xxxxERxx or of funds by the beneficiary. – SWIFT BIC is 8 or 11 alphanumeric characters: xxxxGQxx or xxxxERxxxxx. – IBAN numbers for beneficiaries with accounts in the Egypt is xxxxGQxxxxx. • Reason for Payment (SWIFT MT103 F70): Purpose of payment must mandatory in the payment instructions. • Reason for Payment (SWIFT MT103 F70): Purpose of payment must be clearly identified (rent, salary, medical expenses, office expenses, be clearly identified (rent, salary, medical expenses, office expenses, etc.). Country Code EG etc.). Structure EG!n2!n25! Additional Information Length 29!c • This country is a member of the Bank of Central African States. Electronic Format Ex. EG981234123456789123456789123 • XAF is a zero decimal currency. Print Format Ex. EG98 1234 1234 5678 9123 4567 89123

• Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with branch identifier (where required), full name, and address of the beneficiary bank. – SWIFT BIC is 8 or 11 alphanumeric characters: xxxxEGxx or xxxxEGxxxxx. • Reason for Payment (SWIFT MT103 F70): Purpose of payment must be clearly identified (rent, salary, medical expenses, office expenses, etc.). Additional Information • The market is closed on Fridays and payments can’t be delivered with value. • USD and GBP are main foreign currencies used to pay and receive funds. 2020 Global Payments Guide Last Updated: November 13, 2020 For the most up-to-date version, please visit jpmorgan.com/visit/guide | 25 Estonia Ethiopia Fiji EUR – Euro ETB – FJD – Fijian Dollar

Overview Overview Overview • Information provided by the Beneficiary: Remitter should obtain all • Information provided by the Beneficiary: Remitter should obtain all • Information provided by the Beneficiary: Remitter should obtain all required bank information from the Beneficiary (e.g. SWIFT BIC, required bank information from the Beneficiary (e.g. SWIFT BIC, required bank information from the Beneficiary (e.g. SWIFT BIC, IBAN, and beneficiary bank address). account number, and beneficiary bank address). account number, and beneficiary bank address). • Central Bank: For additional information, please refer to • Central Bank: For additional information, please refer to Country Requirements/Restrictions www.eestipank.ee/en. www.nbe.gov.et. • Payment Restrictions: FJD FX payments can only be made to on-shore Country Requirements/Restrictions Country Requirements/Restrictions residents. • SEPA: Strict formatting standards and SEPA guidelines exist in • Payment Restrictions: FX payments can only be made to on-shore Payment Formatting Rules for FJD Europe regarding cross-border payments. IBAN and SWIFT BIC are residents. • Ordering Customer (SWIFT MT103 F50): Include account number, full required for all euro payments. SEPA standards apply for euro Payment Formatting Rules for ETB name (no initials), and address of the ordering customer. Use of payments to beneficiaries with accounts in Estonia. • Ordering Customer (SWIFT MT103 F50): Include account number, full initials can delay receipt of funds by the beneficiary. Payment Formatting Rules for EUR name (no initials), and address of the ordering customer. Use of • Beneficiary Customer (SWIFT MT103 F59): Include account number, • Ordering Customer (SWIFT MT103 F50): Include account number, full initials can delay receipt of funds by the beneficiary. branch name, full name (no initials) and address of the beneficiary name (no initials), and address of the ordering customer. Use of • Beneficiary Customer (SWIFT MT103 F59): Include account number, customer. Use of initials may delay receipt of funds by the initials can delay receipt of funds by the beneficiary. branch name, full name (no initials) and address of the beneficiary beneficiary. • Beneficiary Customer (SWIFT MT103 F59): Include account number customer. Use of initials may delay receipt of funds by the • Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with branch (IBAN), full name (no initials) and address of the beneficiary beneficiary. identifier (where required), full name, and address of the beneficiary customer. Use of initials may delay receipt of funds by the • Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with branch bank. beneficiary. identifier (where required), full name, and address of the beneficiary – SWIFT BIC is 8 or 11 alphanumeric characters: xxxxFJxx or – IBAN numbers for beneficiaries with accounts in Estonia bank. xxxxFJxxxxx. must be included in the payment instructions. – SWIFT BIC is 8 or 11 alphanumeric characters: xxxxETxx or • Reason for Payment (SWIFT MT103 F70): Purpose of payment must xxxxETxxxxx. be clearly identified (rent, salary, medical expenses, office expenses, Account # Ex 123456789123 • Reason for Payment (SWIFT MT103 F70): Purpose of payment must etc.). Country Code EE be clearly identified (rent, salary, medical expenses, office expenses, Structure EE2!n2!n2!n11!n1!n etc.). Length 20!c Electronic Format Ex. EE987654123456789123 Print Format Ex. EE98 7654 1234 5678 9123

• Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with branch identifier (where required), full name, and address of the beneficiary bank. – There are no specific bank clearing codes in this country for cross-border payments. SWIFT BIC is key to routing payments. – SWIFT BIC is 8 or 11 alphanumeric characters: xxxxEExx or xxxxEExxxxx.

The following character representations and length indications are used: N Digits numeric characters c Upper and lowercase a Uppercase letter e Blank space | 25 alphanumeric characters alphabetic characters n Maximum length (A-Z, a-z, and 0-9) (A-Z only) nn! Fixed length

2020 Global Payments Guide Last Updated: November 13, 2020 For the most up-to-date version, please visit jpmorgan.com/visit/guide | 26 Finland France Gabon EUR – Euro EUR – Euro XAF – Central African CFA Franc

Overview Overview Overview • Information provided by the Beneficiary: Remitter should obtain all • Information provided by the Beneficiary: Remitter should obtain all • Information provided by the Beneficiary: Remitter should obtain all required bank information from the Beneficiary (e.g. SWIFT BIC, required bank information from the Beneficiary (e.g. SWIFT BIC, required bank information from the Beneficiary (e.g. SWIFT BIC, IBAN, and beneficiary bank address). IBAN, and beneficiary bank address). account number, and beneficiary bank address). Country Requirements/Restrictions • Central Bank: For additional information, please refer to Country Requirements/Restrictions • SEPA: Strict formatting standards and SEPA guidelines exist in www.banque-france.fr. • Additional Documentation: Additional supporting documentation Europe regarding cross-border payments. IBAN and SWIFT BIC are Country Requirements/Restrictions may be required from the beneficiary. required for all euro payments. SEPA standards apply for euro • Payment Restrictions: All payments between residents and non- Payment Formatting Rules for XAF payments to beneficiaries with accounts in Finland. residents exceeding EUR 50,000 have to be reported to the Banque • Ordering Customer (SWIFT MT103 F50): Include account number, full Payment Formatting Rules for EUR de France on a monthly basis. name (no initials), and address of the ordering customer. Use of • Ordering Customer (SWIFT MT103 F50): Include account number, full • SEPA: Strict formatting standards and SEPA guidelines exist in initials can delay receipt of funds by the beneficiary. name (no initials), and address of the ordering customer. Use of Europe regarding cross-border payments. IBAN and SWIFT BIC are • Beneficiary Customer (SWIFT MT103 F59): Include account number, initials can delay receipt of funds by the beneficiary. required for all euro payments. SEPA standards apply for euro full name (no initials), address and telephone number of the • Beneficiary Customer (SWIFT MT103 F59): Include account number payments to beneficiaries with accounts in France. beneficiary customer. Use of initials may delay receipt of funds by the (IBAN), full name (no initials) and address of the beneficiary Payment Formatting Rules for EUR beneficiary. customer. Use of initials may delay receipt of funds by the • Ordering Customer (SWIFT MT103 F50): Include account number, full – Account numbers should be 23 digits. The RIB code consists beneficiary. name (no initials), and address of the ordering customer. Use of of the 5 digit bank code + 5 digit branch code + 11 digit account – IBAN numbers for beneficiaries with accounts in Finland initials can delay receipt of funds by the beneficiary. number + 2 digit key. must be included in the payment instructions. • Beneficiary Customer (SWIFT MT103 F59): Include account number • Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with branch Account # Ex 123456-789 (IBAN), full name (no initials) and address of the beneficiary identifier, full name, and address of the beneficiary bank. Country Code FI customer. Use of initials may delay receipt of funds by the – SWIFT BIC is 8 or 11 alphanumeric characters: xxxxGAxx or Structure FI2!n6!n7!n1!n beneficiary. xxxxGAxxxxx. – IBAN numbers for beneficiaries with accounts in France must • Length 18!c Reason for Payment (SWIFT MT103 F70): Purpose of payment must be included in the payment instructions. be clearly identified (rent, salary, medical expenses, office expenses, Electronic Format Ex. FI9812345600000789 Account # Ex 12345 67891 2345678A912 34 etc.). Print Format Ex. FI98 1234 5600 0007 89 Country Code FR Additional Information Structure FR2!n5!n5!n11!c2!n • This country is a member of the Bank of Central African States. • Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with branch Length 27!c • XAF is a zero decimal currency. identifier (where required), full name, and address of the beneficiary Electronic Format Ex. FR9812345678912345678A91234 bank.

– There are no specific bank clearing codes in this country for Print Format Ex. FR98 1234 5678 9123 4567 8A91 234 cross-border payments. SWIFT BIC is key to routing payments to the beneficiary bank. • Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with branch – SWIFT BIC is 8 or 11 alphanumeric characters: xxxxFIxx or identifier (where required), full name, and address of the beneficiary xxxxFIxxxxx. bank. – There are no specific bank clearing codes in this country for cross-border payments. SWIFT BIC is key to routing payments to the beneficiary bank. • SWIFT BIC is 8 or 11 alphanumeric characters: xxxxFRxx or xxxxFRxxxxx Additional Information • Most transactions are electronic and processed same day.

2020 Global Payments Guide Last Updated: November 13, 2020 For the most up-to-date version, please visit jpmorgan.com/visit/guide | 27 Gambia Georgia Germany GMD – GEL – Georgian Lari EUR – Euro

Overview Overview Overview • Information provided by the Beneficiary: Remitter should obtain all • Information provided by the Beneficiary: Remitter should obtain all • Information provided by the Beneficiary: Remitter should obtain all required bank information from the Beneficiary (e.g. SWIFT BIC, required bank information from the Beneficiary (e.g. SWIFT BIC, required bank information from the Beneficiary (e.g. SWIFT BIC, account number, and beneficiary bank address). IBAN, and beneficiary bank address). IBAN, and beneficiary bank address). • Central Bank: For additional information, please refer to Country Requirements/Restrictions • Central Bank: For additional information, please refer to www.cbg.gm. • Payment Restrictions: www.bundesbank.de. Payment Formatting Rules for GMD – Local regulatory reporting applies to all foreign currency Country Requirements/Restrictions • Ordering Customer (SWIFT MT103 F50): Include account number, full payments. • Payment Restrictions: Payment of residents to/from non-residents, name (no initials), and address of the ordering customer. Use of – FX GEL payments for tax purposes are not supported. regardless of currency, must be reported to the central bank if they initials can delay receipt of funds by the beneficiary. • Account Restrictions: Residents may maintain FX accounts exceed the equivalent of EUR 12,500. • Beneficiary Customer (SWIFT MT103 F59): Include account number domestically and abroad. Non-resident accounts are permitted. • Account Restrictions: Residents and non-residents are permitted to (18 digits), full name (no initials) and address of the beneficiary Payment Formatting Rules for GEL open and maintain domestic currency (EUR) and foreign currency customer. Use of initials may delay receipt of funds by the accounts both locally and abroad. Account opening forms must be • Ordering Customer (SWIFT MT103 F50): Include account number, full beneficiary. returned along with a list of officially authorized signatures and a name (no initials), and address of the ordering customer. Use of • copy of the company’s registration documents. Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with branch initials can delay receipt of funds. identifier (where required), full name, and address of the beneficiary • SEPA: Strict formatting standards and SEPA guidelines exist in • Beneficiary Customer (SWIFT MT103 F59): Include account number bank. Europe regarding cross-border payments. IBAN and SWIFT BIC are (IBAN), full name (no initials) and address of the beneficiary – required for all euro payments. SEPA standards apply for euro SWIFT BIC is 8 or 11 alphanumeric characters: xxxxGMxx or customer. Use of initials may delay receipt of funds by the payments to beneficiaries with accounts in Germany. xxxxGMxxxxx. beneficiary. • Reason for Payment (SWIFT MT103 F70): Purpose of payment must – IBAN numbers for beneficiaries with accounts in Georgia Payment Formatting Rules for EUR be clearly identified (rent, salary, medical expenses, office expenses, must be included in the payment instructions. • Ordering Customer (SWIFT MT103 F50): Include account number, full etc.). name (no initials), and address of the ordering customer. Use of Account # Ex 1234567891234567 initials can delay receipt of funds by the beneficiary. • Beneficiary Customer (SWIFT MT103 F59): Include account number Country Code GE (IBAN), full name (no initials) and address of the beneficiary Structure GE2!n2!a16!n customer. Use of initials may delay receipt of funds by the Length 22!c beneficiary. Electronic Format Ex. GE98AB1234567891234567 – IBAN numbers for beneficiaries with accounts in Germany Print Format Ex. GE98 AB12 3456 7891 2345 67 must be included in the payment instructions.

Account # Ex 123456789 • Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with branch identifier (where required), full name, and address of the beneficiary Country Code DE bank. Structure DE2!n8!n10!n – SWIFT BIC is 8 or 11 alphanumeric characters: xxxxGExx or Length 22!c xxxxGExxxxx. Electronic Format Ex. DE98765432198123456789 • Reason for Payment (SWIFT MT103 F70): Purpose of payment must Print Format Ex. DE98 7654 3219 8123 4567 89 be clearly identified (rent, salary, medical expenses, etc.).

The following character representations and length indications are used: N Digits numeric characters c Upper and lowercase a Uppercase letter e Blank space | 27 alphanumeric characters alphabetic characters n Maximum length (A-Z, a-z, and 0-9) (A-Z only) nn! Fixed length

2020 Global Payments Guide Last Updated: November 13, 2020 For the most up-to-date version, please visit jpmorgan.com/visit/guide | 28 Germany Ghana Greece Continued GHS – EUR – Euro

Overview Overview • Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with branch • Information provided by the Beneficiary: Remitter should obtain all • Information provided by the Beneficiary: Remitter should obtain all identifier (where required), full name, and address of the beneficiary required bank information from the Beneficiary (e.g. SWIFT BIC, required bank information from the Beneficiary (e.g. SWIFT BIC, bank. account number, and beneficiary bank address). IBAN, and beneficiary bank address). – There are no specific bank clearing codes in this country for • Central Bank: For additional information, please refer to • Central Bank: For additional information, please refer to cross-border payments. SWIFT BIC is key to routing payments to the www.bog.gov.gh. www.bankofgreece.gr. beneficiary bank. Payment Formatting Rules for GHS Country Requirements/Restrictions – SWIFT BIC is 8 or 11 alphanumeric characters: xxxxDExx or • Ordering Customer (SWIFT MT103 F50): Include account number, full • SEPA: Strict formatting standards and SEPA guidelines exist in xxxxDExxxxx. name (no initials), and address of the ordering customer. Use of Europe regarding cross-border payments. IBAN and SWIFT BIC are initials can delay receipt of funds by the beneficiary. required for all euro payments. SEPA standards apply for euro • Beneficiary Customer (SWIFT MT103 F59): Include account number, payments to beneficiaries with accounts in Greece.

full name (no initials) and address of the beneficiary customer. Use Payment Formatting Rules for EUR

of initials may delay receipt of funds by the beneficiary. • Ordering Customer (SWIFT MT103 F50): Include account number, full

• Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with branch name (no initials), and address of the ordering customer. Use of identifier, full name, and address of the beneficiary bank. initials can delay receipt of funds by the beneficiary. – There are no specific bank clearing codes in this country for • Beneficiary Customer (SWIFT MT103 F59): Include account number cross-border payments. SWIFT BIC is key to routing payments to the (IBAN), full name (no initials) and address of the beneficiary beneficiary bank. customer. Use of initials may delay receipt of funds by the – SWIFT BIC is 8 or 11 alphanumeric characters: xxxxGHxx or beneficiary. xxxxGHxxxxx. – IBAN numbers for beneficiaries with accounts in Greece must – Bank branch code is recommended to avoid payment delays. be included in the payment instructions. • Reason for Payment (SWIFT MT103 F70): Purpose of payment must Account # Ex 12345678912345678912 be clearly identified (rent, salary, medical expenses, office expenses, etc.). Country Code GR Structure GR2!n3!n4!n16!c Length 27!c Electronic Format Ex. GR9876512345678912345678912 Print Format Ex. GR98 7651 2345 6789 1234 5678 912

• Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with branch identifier (where required), full name, and address of the beneficiary bank. – SWIFT BIC is 8 or 11 alphanumeric characters: xxxxGRxx or xxxxGRxxxxx.

2020 Global Payments Guide Last Updated: November 13, 2020 For the most up-to-date version, please visit jpmorgan.com/visit/guide | 29 Grenada Guatemala Guinea-Bissau XCD – East Caribbean Dollar GTQ – Guatemalan Quetzal XOF – West African CFA Franc

Overview Overview Overview • Information provided by the Beneficiary: Remitter should obtain all • Information provided by the Beneficiary: Remitter should obtain all • Information provided by the Beneficiary: Remitter should obtain all required bank information from the Beneficiary (e.g. SWIFT BIC, required bank information from the Beneficiary (e.g. SWIFT BIC, required bank information from the Beneficiary (e.g. SWIFT BIC, account number, and beneficiary bank address). IBAN, and beneficiary bank address). account number, and beneficiary bank address). • Central Bank: For additional information, please refer to www.eccb- • Central Bank: For additional information, please refer to Country Requirements/Restrictions centralbank.org. www.banguat.gob.gt. • Additional Documentation: Additional supporting documentation Payment Formatting Rules for XCD Payment Formatting Rules for GTQ may be required from the beneficiary. • Ordering Customer (SWIFT MT103 F50): Include account number, full • Ordering Customer (SWIFT MT103 F50): Include account number, full Payment Formatting Rules for XOF name (no initials), and address of the ordering customer. Use of name (no initials), and address of the ordering customer. Use of • Ordering Customer (SWIFT MT103 F50): Include account number, full initials can delay receipt of funds by the beneficiary. initials can delay receipt of funds by the beneficiary. name (no initials), and address of the ordering customer. Use of • Beneficiary Customer (SWIFT MT103 F59): Include account number, • Beneficiary Customer (SWIFT MT103 F59): Include account number initials can delay receipt of funds by the beneficiary. full name (no initials) and address of the beneficiary customer. Use of (IBAN), full name (no initials) and address of the beneficiary • Beneficiary Customer (SWIFT MT103 F59): Include account number, initials may delay receipt of funds by the beneficiary. customer. Use of initials may delay receipt of funds by the full name (no initials), address, and telephone number of the • Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with beneficiary. beneficiary customer. Use of initials may delay receipt of funds by the branch identifier (where required), full name, and address of the – IBAN numbers for beneficiaries with accounts in Guatemala beneficiary. beneficiary bank. must be included in the payment instructions. – It is mandatory to format account numbers for beneficiaries – SWIFT BIC is 8 or 11 alphanumeric characters: xxxxGDxx or with accounts in Guinea-Bissau according to the below xxxxGDxxxxx. Account # Ex 12345678912345678912 specifications. • Reason for Payment (SWIFT MT103 F70): Purpose of payment must Country Code GT – Account numbers should be 24 characters consisting of the be clearly identified (rent, salary, medical expenses, office expenses, Structure GT2!n4!c20!c 5 character bank code (including the 2 character country code) + 5 etc.). Length 28!c character branch code + 12 digit account number + 2 digit Clé RIB.

Electronic Format Ex. GT98ABCD12345678912345678912 Country Code GW Print Format Ex. GT98 ABCD 1234 5678 9123 4567 8912 Length 24!c

• Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with branch • Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with branch identifier, full name, and address of the beneficiary bank. Exact location of the bank must be provided. identifier (where required), full name, and address of the beneficiary bank. – SWIFT BIC is 8 or 11 alphanumeric characters: xxxxGTxx or – xxxxGTxxxxx. SWIFT BIC is 8 or 11 alphanumeric characters: xxxxGWxx or xxxxGWxxxxx. • Reason for Payment (SWIFT MT103 F70): Purpose of payment and if • applicable, tax ID must be clearly identified (rent, salary, medical Reason for Payment (SWIFT MT103 F70): Purpose of payment must expenses, office expenses, etc.). be clearly identified (rent, salary, medical expenses, office expenses, etc.). Additional Information Additional Information • FX GTQ payments to individuals can only be made if the beneficiary • account is with Banco Industrial This country is a member of the Central Bank of West African States. • XOF is a zero decimal currency.

The following character representations and length indications are used: N Digits numeric characters c Upper and lowercase a Uppercase letter e Blank space | 29 alphanumeric characters alphabetic characters n Maximum length (A-Z, a-z, and 0-9) (A-Z only) nn! Fixed length

2020 Global Payments Guide Last Updated: November 13, 2020 For the most up-to-date version, please visit jpmorgan.com/visit/guide | 30 Guinea Republic Guyana Haiti GNF – GYD – Guyanese Dollar HTG – Haitian Gourde

Overview Overview Overview • Information provided by the Beneficiary: Remitter should obtain all • Information provided by the Beneficiary: Remitter should obtain all • Information provided by the Beneficiary: Remitter should obtain all required bank information from the Beneficiary (e.g. SWIFT BIC, required bank information from the Beneficiary (e.g. SWIFT BIC, required bank information from the Beneficiary (e.g. SWIFT BIC, account number, and beneficiary bank address). account number, and beneficiary bank address). account number, and beneficiary bank address). Payment Formatting Rules for GNF Payment Formatting Rules for GYD Payment Formatting Rules for HTG • Ordering Customer (SWIFT MT103 F50): Include account number, full • Ordering Customer (SWIFT MT103 F50): Include account number, full • Ordering Customer (SWIFT MT103 F50): Include account number, full name (no initials), and address of the ordering customer. Use of name (no initials), and address of the ordering customer. Use of name (no initials), and address of the ordering customer. Use of initials can delay receipt of funds by the beneficiary. initials can delay receipt of funds by the beneficiary. initials can delay receipt of funds by the beneficiary. • Beneficiary Customer (SWIFT MT103 F59): Include account number • Beneficiary Customer (SWIFT MT103 F59): Include account number, • Beneficiary Customer (SWIFT MT103 F59): Include account number, (18 characters ) , full name (no initials) and address of the beneficiary full name (no initials) and address of the beneficiary customer. Use of full name (no initials) and address of the beneficiary customer. Use of customer. Use of initials may delay receipt of funds by the initials may delay receipt of funds by the beneficiary. initials may delay receipt of funds by the beneficiary. beneficiary. – Include the full beneficiary address to avoid payment delays. • Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with branch – Account number length must be 18 digits/characters. • Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with branch identifier (where required), full name, and address of the beneficiary • Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with branch identifier (where required), full name, and address of the beneficiary bank. identifier, full name, and address of the beneficiary bank. The exact bank. – SWIFT BIC is 8 or 11 alphanumeric characters: xxxxHTxx or location of the bank must be provided. – SWIFT BIC is 8 or 11 alphanumeric characters: xxxxGYxx or xxxxHTxxxxx. – SWIFT BIC is 8 or 11 alphanumeric characters: xxxxGNxx or xxxxGYxxxxx. • Reason for Payment (SWIFT MT103 F70): Purpose of payment must xxxxGNxxxxx. • Reason for Payment (SWIFT MT103 F70): Purpose of payment must be clearly identified (rent, salary, medical expenses, office expenses, • Reason for Payment (SWIFT MT103 F70): Purpose of payment must be clearly identified (rent, salary, medical expenses, office expenses, etc.). be clearly identified (rent, salary, medical expenses, office expenses, etc.). etc.). • Effective 1st May 2020, 8 Numeric Digit Transit Code is mandatory. It Additional Information should be updated in the first line of Field 70 (e.g. TRANSIT CODE: • GNF is a zero decimal currency. XXXXXXXX) • Contact your J.P. Morgan Service Representative for a list of transit codes. Additional information: • Payments to beneficiaries holding accounts at Central Bank are not supported.

2020 Global Payments Guide Last Updated: November 13, 2020 For the most up-to-date version, please visit jpmorgan.com/visit/guide | 31 Honduras Hong Kong Hungary HNL – Honduran Lempira (HKD – Hong Kong Dollar) HUF – Hungarian Forint

Overview Overview Overview • Information provided by the Beneficiary: Remitter should obtain all • Information provided by the Beneficiary: Remitter should obtain all • Information provided by the Beneficiary: Remitter should obtain all required bank information from the Beneficiary (e.g. SWIFT BIC, required bank information from the Beneficiary (e.g. SWIFT BIC, required bank information from the Beneficiary (e.g. SWIFT BIC, account number, and beneficiary bank address). account number, and beneficiary bank address). IBAN, and beneficiary bank address). Country Requirements/Restrictions • Central Bank: For additional information, please refer to • Central Bank: For additional information, please refer to • Payment Restrictions: Individual to individual payments are not www.hkma.gov.hk. www.mnb.hu. supported. Country Requirements/Restrictions Country Requirements/Restrictions – For payments from corporations/organizations to • Currency & Clearing Information: Hong Kong’s clearing system is • Currency & Clearing Information: Hungary is a member of the individuals, include a detailed purpose of payment. separated into three categories: (1) RTGS payments (HKD, USD, EUR, European Union (EU) and is adopting the payment practices of the – Payments to beneficiaries holding accounts at Central Bank and RMB); (2) Paper check clearing (CLG); and (3) Low-value EU, although it has not adopted the Euro. are not supported electronic clearing (ECG). • Payment Restrictions: The National Bank of Hungary requires all – Capital injection payments are not supported. – Domestic clearing capabilities exist for USD, EUR, HKD, and payments between residents and non-residents above EUR 12,500 Payment Formatting Rules for HNL RMB through the Clearing House Automated Transfer System to be reported. (CHATS). – • Ordering Customer (SWIFT MT103 F50): Include account number, full Banks can use a EUR settlement system such as the EBA- • name (no initials), and address of the ordering customer. Use of Payment Restrictions: HKD is a freely traded currency on-shore and EURO1 system, of which the National Bank of Hungary is a initials can delay receipt of funds by the beneficiary. offshore. Hong Kong has no currency and exchange controls, or any participant. legal restrictions on capital inflow and outflow. • • Beneficiary Customer (SWIFT MT103 F59): Include account number, Account Restrictions: Residents and non-residents are permitted to – full name (no initials), address and tax ID of the beneficiary No central bank reporting or approval requirements exist for open and maintain domestic currency and foreign currency accounts customer. Use of initials may delay receipt of funds by the domestic or cross-border transfers. both locally and abroad. • • beneficiary. Account Restrictions: There is no difference between accounts held SEPA: Strict formatting standards and SEPA guidelines exist in • Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with branch by residents and non-residents. Both are allowed to open HKD and Europe regarding cross-border payments. IBAN and SWIFT BIC are identifier (where required), full name, and address of the beneficiary foreign currency accounts in Hong Kong. required for all euro payments. SEPA standards apply for euro – bank. Any corporation, financial institution, or individual can open payments to beneficiaries with accounts in Hungry. SEPA standards do not apply to Hungarian Forint payments. – SWIFT BIC is 8 or 11 alphanumeric characters: xxxxHNxx or accounts of any type and currency with any Hong Kong bank. xxxxHNxxxxx. However, the services offered depend on the bank’s registered status Payment Formatting Rules for HUF under the three tier banking structure. • Reason for Payment (SWIFT MT103 F70): Purpose of payment must • Ordering Customer (SWIFT MT103 F50): Include account number, full be clearly identified (rent, salary, medical expenses, office expenses, Payment Formatting Rules for HKD name (no initials), and address of the ordering customer. Use of etc.). • Ordering Customer (SWIFT MT103 F50): Include account number, full initials can delay receipt of funds by the beneficiary. – For payments from corporations/organizations to name (no initials), and address (P.O. box not accepted) of the • Beneficiary Customer (SWIFT MT103 F59): Include account number individuals, include a detailed purpose of payment. Our bank ordering customer. If an address cannot be provided, the originator’s (IBAN), full name (no initials) and address of the beneficiary withholds the rights to reject payments which do not have a customer ID number or date and place of birth (for an individual) or customer. Use of initials may delay receipt of funds by the satisfactory purpose of payment. business registration number (for corporates) must be provided. Use beneficiary. – Salary payments are authorized, but the purpose of initials can delay receipt of funds by the beneficiary. – IBAN is required for all euro payments to beneficiaries with of payment must indicate that it is for salary. Beneficiary Customer (SWIFT MT103 F59): Include account number, accounts in Hungary. IBAN is highly recommended for Hungarian • Include Tax ID number for the beneficiaries (can also be included in full name (no initials) and address of the beneficiary customer. Use forint payments. F72) of initials may delay receipt of funds by the beneficiary.Beneficiary For Individual: Tarjeta de Identidad (ID) – 13 digits Bank (SWIFT MT103 F57): Include SWIFT BIC with branch identifier (where required), full name, and address of the beneficiary bank. For Corporate: RTN (Registro Tributario Nacional) – (RTN + 14-digit – tax ID) There are no specific bank clearing codes in this country for cross-border payments. SWIFT BIC is key to routing payments. • Type of account of the beneficiary must be indicated in your payment – instructions. (can also be included in F72) SWIFT BIC is 8 or 11 alphanumeric characters: xxxxHKxx or xxxxHKxxxxx. Cuenta corriente (checking account) Cuenta de ahorro (saving account)

The following character representations and length indications are used: N Digits numeric characters c Upper and lowercase a Uppercase letter e Blank space | 31 alphanumeric characters alphabetic characters n Maximum length (A-Z, a-z, and 0-9) (A-Z only) nn! Fixed length

2020 Global Payments Guide Last Updated: November 13, 2020 For the most up-to-date version, please visit jpmorgan.com/visit/guide | 32 Hungary Iceland India Continued ISK – Icelandic Krona INR – Overview Overview Account # Ex 12345678-91234567-89123456 • Information provided by the Beneficiary: Remitter should obtain all • Information provided by the Beneficiary: Remitter should obtain all Country Code HU required bank information from the Beneficiary (e.g. SWIFT BIC, required bank information from the Beneficiary (e.g. IFSC code, Structure HU2!n3!n4!n1!n15!n1!n account number, and beneficiary bank address). account number, and beneficiary bank address). Length 28!c Payment Formatting Rules for ISK • Central Bank: India’s exchange control policy is set by the government in conjunction with the Reserve (RBI), Electronic Format Ex. HU98123456789123456789123456 • Ordering Customer (SWIFT MT103 F50): Include account number, full name (no initials), and address of the ordering customer. Use of which administers regulations. For additional information, please Print Format Ex. HU98 1234 5678 9123 4567 8912 3456 initials can delay receipt of funds by the beneficiary. refer to www.rbi.org.in. • Beneficiary Customer (SWIFT MT103 F59): Include IBAN number, full Country Requirements/Restrictions • Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with branch name (no initials), and address of the beneficiary customer. IBAN: • Currency & Clearing Information: Real Time Gross Settlement (RTGS) identifier (where required), full name, and address of the beneficiary 26characters (ISXX + 22 digits) is the domestic high-value clearing system with a threshold of INR bank. 200,000. National Electronic Funds Transfer (NEFT) is the domestic – There are no specific bank clearing codes in this country for Account # Ex 78 91234567891234 low-value clearing system, with no specified amount threshold for cross-border payments. SWIFT BIC is key to routing payments to the Country Code IS cap values. beneficiary bank. – Structure 4!n2!n6!n10!n For the latest listing of participating member banks, visit: – SWIFT BIC is 8 or 11 alphanumeric characters: xxxxHUxx or www.rbi.org.in. Both the sending and the receiving bank must be Length 26!c xxxxHUxxxxx. RTGS or NEFT enabled. Electronic Format Ex. IS981234567891234567891234 – Payments are settled on a first-in, first-out basis, either in Print Format Ex. IS98 1234 5678 9123 4567 8912 34 real time (for RTGS) or within two hours (for NEFT) subjecting to • working hours and bank holidays. • Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with branch • Payment Restrictions: Different payment types are subject to identifier (where required), full name, and address of the beneficiary different regulations, yet the purchase of INR is permitted for trade bank. and current account purposes. – SWIFT BIC is 8 or 11 alphanumeric characters: xxxxISxx or – Foreign currency can be paid from offshore for local xxxxISxxxxx. conversion subject to regulations. • Reason for Payment (SWIFT MT103 F70): Purpose of payment must – All transactions with non-residents are subject to foreign be clearly identified (rent, salary, medical expenses, office expenses, exchange controls, but the INR is fully convertible for trade and etc.). Any information that is vague/incomplete may need further current account purposes. clarification and result in payment delays. – Transfer of funds from foreign currency accounts to an INR Additional Information account is permissible subject to certain regulatory prescriptions and allowances. • This is a zero decimal currency and therefore does not have cents – Transfer of funds from a local currency account to a foreign currency account is not permitted except in certain regulatory situations. – In general, there are no limits on the amount received, as long as the necessary supporting documents are provided. – Sending payments to non-resident beneficiaries is permitted subject to foreign exchange management guidelines.

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2020 Global Payments Guide Last Updated: November 13, 2020 For the most up-to-date version, please visit jpmorgan.com/visit/guide | 33 India India Indonesia Continued Continued IDR – Indonesian Rupiah

• Additional Documentation: Additional documentation may be Additional Information Overview required from the remitter and/or beneficiary. • In addition to the purpose code, you may also provide purpose of • Information provided by the Beneficiary: Remitter should obtain all Payment Formatting Rules for INR remittance within the narrative of the payment, to avoid potential required bank information from the Beneficiary (e.g. SWIFT BIC, • Ordering Customer (SWIFT MT103 F50): Include account number, full issues. *For specific purpose codes, the country code for who the account number, and beneficiary bank address). name, and address of the ordering customer. ultimate service was provided for must be provided. Please refer to • Central Bank: For additional information, please refer to • Beneficiary Customer (SWIFT MT103 F59): Include account number, the following link for purpose codes. www.bi.go.id/en. full name, address, and as best practice, telephone number of the https://www.jpmorgan.com/visit/inpop-feb2020 Country Requirements/Restrictions • beneficiary customer. If the RTGS IFSC or NEFT IFSC is missing or invalid, or the sending or • Currency & Clearing Information: Real Time Gross Settlement (RTGS) – Account number can’t contain dashes, spaces, or any other receiving banks are not RTGS-enabled, a draft will be issued and is the domestic high-value clearing system with a threshold of IDR non-standard characters. mailed if the full beneficiary bank branch name, building, street, 1,000,000,000. Transactions below IDR 1,000,000,000 are • Beneficiary Bank (SWIFT MT103 F57): Include beneficiary bank location, and PIN (Postal Identification Number) are provided in the processed via Sistem Kliring Nasional (SKN), the domestic low-value branch’s full name, address, including branch postal identification Beneficiary Bank Field. clearing system. number (PIN), and branch telephone number (highly recommended). • Payment Restrictions: All foreign currency movements are subject to – Do not include SWIFT BIC. India does not use the SWIFT BIC reporting. IDR transfers and deposits must be held-in country. network for domestic messaging. All payments must include the – IDR receipts in excess of USD 1,000,000 equivalent to IDR Indian Financial Services Code (IFSC) for electronic delivery of the Non-Resident accounts must be accompanied with supporting payment. documents. – There are two different 11-character IFSC codes. One code is • Additional Documentation: Declaration letter is required for for the National Electronic Funds Transfer (NEFT) system. Another conversion from IDR to Foreign Currency and additional supporting code is for the Real Time Gross Settlement (RTGS) system. The document for conversion greater than USD 25,000 equivalent. beneficiary should obtain these codes when opening a local account. Supporting document to show the economic activities of the FX • Reason for Payment (SWIFT MT103 F72): Payment purpose code transactions and meet prevailing Bank Indonesia requirements. must be provided. Payments received without a specific purpose Payment Formatting Rules for IDR code will be cancelled and returned to the remitter. • Ordering Customer (SWIFT MT103 F50): Include account number, full – Please refer to the Reserve Bank of India’s payment purpose name (no initials), and address of the ordering customer. Use of codes, beginning with “P”: initials can delay receipt of funds by the beneficiary. . Format: /ACC/PURPOSE/IN* full name (no initials), address, and telephone number of the o *Please see proceeding Additional Information section. beneficiary customer. Use of initials may delay receipt of funds by the http://rbidocs.rbi.org.in/rdocs/notification/PDFs/ASAP840212FL beneficiary. .pdf – If the beneficiary name is not an exact match, or initials are – Include individual’s account type in the payment details field. used, the payment will be returned by beneficiary bank. Please contact the beneficiary to determine the type of account held • Beneficiary address is mandatory for all IDR payments by the beneficiary. Account types include: • Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with branch . Non-Resident Emigrant (NRE) - Format: /NRE/ identifier (where required), full name, and address of the beneficiary . Non-Resident Ordinary Account (NRO) - Format: /NRO/ bank. Note: In order to avoid any delay in processing your transactions, kindly – SWIFT BIC is 8 or 11 alphanumeric characters: map the appropriate purpose code from the above link instead of using xxxxIDxx or xxxxIDxxxxx. ‘P1099’ (Other services not included elsewhere), as we may seek further information on the transactions before applying the credits.

The following character representations and length indications are used: N Digits numeric characters c Upper and lowercase a Uppercase letter e Blank space | 33 alphanumeric characters alphabetic characters n Maximum length (A-Z, a-z, and 0-9) (A-Z only) nn! Fixed length

2020 Global Payments Guide Last Updated: November 13, 2020 For the most up-to-date version, please visit jpmorgan.com/visit/guide | 34 Indonesia Indonesia Iraq Continued Continued IQD – Iraqi Dinar

• Reason for Payment (SWIFT MT103 F70): Purpose of payment code • Regulator Reporting (SWIFT MT103 F72): When sending a foreign Overview must be clearly identified (rent, salary, medical expenses, office currency payment to Indonesia greater than the equivalent of USD • Information provided by the Beneficiary: Remitter should obtain all expenses, etc.). 10,000, the remitter must provide the following information for required bank information from the Beneficiary (e.g. SWIFT BIC, – The new mandatory data will need to be reflected in the Indonesia FX reporting to the Central Bank. Sample format: IBAN, and beneficiary bank address). following format: ‘/SKNINFO/A.B.C.D.E’ in the first line of Reason for /REG/BIDATA, (ISO Country Code), (Category), (Relationship), Country Requirements/Restrictions payment. (Transaction Purpose Code). • Payment Restrictions: Individual to individual (P2P) payments are not – Example: /SKNINFO/2.1.0.1.1 Status ISO Country Code: If Remitter is a Resident input “ID”, permitted Note: Government type (i.e. 3.) is only applicable if the beneficiary is if Remitter is a Non-Resident input ISO Country code “XX an Indonesian Government institution who maintains an account with – Acceptable Categories: Individual (A0), Government (B0), Payment Formatting Rules for IQD the Central Bank (INDOIDJA). Reporting bank (C1), Branch/Head Office abroad (C2) Other bank • Ordering Customer (SWIFT MT103 F50): Include account number, full (C9), Non-banking financial institution (D0), Company (E0), Others name (no initials), and address of the ordering customer. Use of initials can delay receipt of funds by the beneficiary. Key Description Length Possible Values (Z9) – • Beneficiary Customer (SWIFT MT103 F59): Include account number A Sender Customer 1n! 1= Individual Relationship with Ordering Party: Group (G), Non-affiliated (IBAN), full name (no initials) and address of the beneficiary Type 2=Company/Corporation (N), Shareholder (P), Affiliated (T)ss – customer. Use of initials may delay receipt of funds by the 3= Government Transaction Purpose Code: For acceptable Transactions Purpose Codes, refer to jpmorgan.com/visit/ID_Purpose_Code beneficiary. B Sender Resident 1n! 1= Resident – And code should be formatted as “1XXX” (incoming transaction). IBAN numbers for beneficiaries with accounts in Iraq must be Type 2= Non-Resident included in the payment instructions. C Bene Bank City Code 1n! Not currently required, Additional Information input 0 as a place holder Account # Ex 123456789012 • The value date applied to the beneficiary will be value date plus one D Bene Customer Type 1n! 1= Individual Country Code IQ day for payments initiated out of a US account. 2= Company • Movement of funds in excess of USD 10,000 will be reported to Structure IQ2!n4!n3!n12!n 3= Government Indonesia’s Central Bank on a monthly basis. Length 23!c E Bene Resident Type 1n! 1=Resident Electronic Format Ex. IQ98NBIQ850123456789012 2=Non-resident Print Format Ex. IQ98 NBIQ 8501 2345 6789 012

• Import and Export Foreign Currency Exchanged (SWIFT MT103 F70) : Importer and Exporter must provide purpose code (1011for Export • Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with branch Proceed and 2012 for Import Payment) and invoice information in identifier/code (where required), full name of bank branch, and the format that is defined by Bank Indonesia as follow : address of the beneficiary bank. – For Export Proceed : /[Code Word other country]/[Purpose SWIFT BIC is 8 or 11 alphanumeric characters: xxxxIQxx or Code]//[InvoiceNo1][InvoiceAmt1][InvoiceNo2][InvoiceAmt2] xxxxIQxxxxx. • Reason for Payment (SWIFT MT103 F70): Purpose of payment must For Import Payment : /[Code Word other country]/[Purpose be clearly identified (rent, salary, medical expenses, office expenses, Code]//[InvoiceNo1][InvoiceAmt1][InvoiceNo2][InvoiceAmt2] etc.). • Exporter and/or Importer can submit revision of the information by sending MT199 to the Sender or Beneficiary Bank and put the revised information in F79. Providing information in the wrong formatting per Bank Indonesia requirement will cause the transaction can’t be processed further or even rejected.

2020 Global Payments Guide Last Updated: November 13, 2020 For the most up-to-date version, please visit jpmorgan.com/visit/guide | 35 Ireland Israel Italy EUR – Euro ILS – Israeli Shekel EUR – Euro

Overview Overview Overview • Information provided by the Beneficiary: Remitter should obtain all • Information provided by the Beneficiary: Remitter should obtain all • Information provided by the Beneficiary: Remitter should obtain all required bank information from the Beneficiary (e.g. SWIFT BIC, required bank information from the Beneficiary (e.g. SWIFT BIC, required bank information from the Beneficiary (e.g. SWIFT BIC, IBAN, and beneficiary bank address). IBAN, and beneficiary bank address). IBAN, and beneficiary bank address). • Central Bank: For additional information, please refer to Country Requirements/Restrictions • Central Bank: For additional information, please refer to www.centralbank.ie. • Payment Restrictions: Thresholds exist for central bank reporting by www.bancaditalia.it. Country Requirements/Restrictions financial institutions. Country Requirements/Restrictions • Account Restrictions: Residents and non-residents are permitted to • Account Restrictions: Non-residents can hold ILS and foreign • Account Restrictions: Residents and non-residents are permitted to open and maintain domestic and foreign currency accounts both currency accounts. Account opening procedures require formal open and maintain domestic and foreign currency accounts both locally and abroad. documentation. locally and abroad. • SEPA: Strict formatting standards and SEPA guidelines exist in Payment Formatting Rules for ILS • SEPA: Strict formatting standards and SEPA guidelines exist in Europe regarding cross-border payments. IBAN and SWIFT BIC are • Ordering Customer (SWIFT MT103 F50): Include account number, full Europe regarding cross-border payments. IBAN and SWIFT BIC are required for all euro payments. SEPA standards apply for euro name (no initials), and address of the ordering customer. Use of required for all euro payments. SEPA standards apply for euro payments to beneficiaries with accounts in Ireland. initials can delay receipt of funds by the beneficiary. payments to beneficiaries with accounts in Italy. Payment Formatting Rules for EUR • Beneficiary Customer (SWIFT MT103 F59): Include account number Payment Formatting Rules for EUR • Ordering Customer (SWIFT MT103 F50): Include account number, full (IBAN), full name (no initials) and address of the beneficiary • Ordering Customer (SWIFT MT103 F50): Include account number, full name (no initials), and address of the ordering customer. Use of customer. Use of initials may delay receipt of funds by the name (no initials), and address of the ordering customer. Use of initials can delay receipt of funds by the beneficiary. beneficiary. initials can delay receipt of funds by the beneficiary. • Beneficiary Customer (SWIFT MT103 F59): Include account number – IBAN numbers for beneficiaries with accounts in Israel must • Beneficiary Customer (SWIFT MT103 F59): Include account number (IBAN), full name (no initials), and address of the beneficiary be included in the payment instructions. (IBAN), full name (no initials) and address of the beneficiary customer. Use of initials may delay receipt of funds by the customer. Use of initials may delay receipt of funds by the beneficiary. Account # Ex 12-345-67891234 beneficiary. – IBAN numbers for beneficiaries with accounts in Ireland must Country Code IL – IBAN numbers for beneficiaries with accounts in Italy must be be included in the payment instructions. included in the payment instructions. Structure IL2!n3!n3!n13!n

Length 23!c Account # Ex 12-34-56 12345678 Account # Ex A 12345 67891 234567891234 Electronic Format Ex. IL987123456789123456789 Country Code IE Country Code IT Print Format Ex. IL98 7123 4567 8912 3456 789 Structure IE2!n4!a6!n8!n Structure IT2!n1!a5!n5!n12!c Length 22!c Length 27!c • Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with branch Electronic Format Ex. IE98ABCD12345612345678 Electronic Format Ex. IT98A1234567891234567891234 identifier/code (where required), full name of bank branch, and Print Format Ex. IE98 ABCD 1234 5612 3456 78 address of the beneficiary bank. Print Format Ex. IT98 A123 4567 8912 3456 7891 234 – The beneficiary bank’s SWIFT BIC must be in field A on the • Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with branch SWIFT message to avoid delays or returns. • Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with branch identifier (where required), full name, and address of the beneficiary – SWIFT BIC is 8 or 11 alphanumeric characters: xxxxILxx or identifier (where required), full name, and address of the beneficiary bank. xxxxILxxxxx. bank. – There are no specific bank clearing codes in the country for – There are no specific bank clearing codes in the country for cross-border payments; SWIFT BIC is key to routing a payment to the cross-border payments. SWIFT BIC is key to routing payments to the beneficiary bank in Europe. beneficiary bank. – SWIFT BIC is 8 or 11 alphanumeric characters: xxxxIExx or – SWIFT BIC is 8 or 11 alphanumeric characters: xxxxITxx or xxxxIExxxxx. xxxxITxxxxx.

The following character representations and length indications are used: N Digits numeric characters c Upper and lowercase a Uppercase letter e Blank space | 35 alphanumeric characters alphabetic characters n Maximum length (A-Z, a-z, and 0-9) (A-Z only) nn! Fixed length

2020 Global Payments Guide Last Updated: November 13, 2020 For the most up-to-date version, please visit jpmorgan.com/visit/guide | 36 Ivory Coast Jamaica Japan XOF – West African CFA Franc JMD – Jamaican Dollar JPY – Japanese Yen

Overview Overview Overview • Information provided by the Beneficiary: Remitter should obtain all • Information provided by the Beneficiary: Remitter should obtain all • Information provided by the Beneficiary: Remitter should obtain all required bank information from the Beneficiary (e.g. SWIFT BIC, required bank information from the Beneficiary (e.g. SWIFT BIC, required bank information from the Beneficiary (e.g. SWIFT BIC, account number, and beneficiary bank address). account number, and beneficiary bank address). account number, and beneficiary bank address). Payment Formatting Rules for XOF • Central Bank: For additional information, please refer to • Central Bank: For additional information, please refer to • Ordering Customer (SWIFT MT103 F50): Include account number, full www.boj.org.jm. www.boj.or.jp/en. name (no initials), and address of the ordering customer. Use of Payment Formatting Rules for JMD Country Requirements/Restrictions initials can delay receipt of funds by the beneficiary. • Ordering Customer (SWIFT MT103 F50): Include account number, full • Currency & Clearing Information: In Japan, there are two cash • Beneficiary Customer (SWIFT MT103 F59): Include account number, name (no initials), and address of the ordering customer. Use of clearing systems for Japanese Yen payments. One is Zengin and the full name (no initials), address and telephone number of the initials can delay receipt of funds by the beneficiary. other is FXYCS. Each clearing system has different rules and message beneficiary customer. Use of initials may delay receipt of funds by the • Beneficiary Customer (SWIFT MT103 F59): Include account number, format guidelines. beneficiary. where 5 digit Transit Code (Mandatory) must precede the 9 digit – Zengin is a clearing system for domestic yen payments – It is mandatory to format account numbers for beneficiaries account number (14 digits in total). This is applicable to payments to among Japanese residents. with accounts in Ivory Coast according to the below specifications. all beneficiary banks. Include full name (no initials) and address – FXYCS is used for international, cross-border yen payments – Account numbers should be 24 characters consisting of the (street address and city) of the beneficiary customer. Use of initials for both Japanese residents and non-residents. 5 character bank code (including the 2 character country code) + 5 may delay receipt of funds by the beneficiary. Include Contact your – Maximum payment amount between residents through local character branch code + 12 digit account number + 2 digit Clé RIB. J.P. Morgan Service Representative for a list of transit codes. clearing system, Zengin, is JPY 9,999,999,999. Amounts exceeding • Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with this limit are split into multiple transactions. Country Code CI branch identifier (where required), full name, and address of the – “Payment on Behalf Of” or “Receipt on Behalf Of” service is Length 24!c beneficiary bank. not available for Zengin payments. – SWIFT BIC is 8 or 11 alphanumeric characters: xxxxJMxx or • Payment Restrictions: JPY is a freely traded currency both on-shore

xxxxJMxxxxx. and offshore. • Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with branch • Reason for Payment (SWIFT MT103 F70): Purpose of payment must – JPY payments must be entered in whole amounts with no identifier (where required), full name, and address of the beneficiary be clearly identified (rent, salary, medical expenses, office expenses, decimal to avoid rejection. bank. etc.). – Resident companies must report details of all non-trade – SWIFT BIC is 8 or 11 alphanumeric characters: xxxxCIxx or related transfers in excess of JPY 30,000,000 or the FX equivalent. xxxxCIxxxxx. – For outgoing Zengin payments, the debit account with • Reason for Payment (SWIFT MT103 F70): Purpose of payment must JPMorgan Chase Tokyo must be a resident account. For incoming be clearly identified (rent, salary, medical expenses, office expenses, Zengin payments, the credit account with JPMorgan Chase Tokyo etc.). must be a resident account. Additional Information – For outward payments from Japan, payers and payees are • This country is a member of the Central Bank of West African States. required to confirm their cross-border payments are not related to • XOF is a zero decimal currency. sanctions in North Korea and/or Iran. Most Japanese banks request remitters to input “NNKNI” in payment instructions for confirmation that the payment is not related to these sanctions. Without this confirmation, payments may be delayed or cancelled. • Account Restrictions: JPY accounts and foreign currency accounts can be opened by resident and non-residents.

(Continued on next page) 2020 Global Payments Guide Last Updated: November 13, 2020 For the most up-to-date version, please visit jpmorgan.com/visit/guide | 37 Japan Japan Jordan Continued Continued JOD – Jordanian Dinar

• Additional Documentation: For over-the-counter money transfers over Payment Formatting Rules for FXYCS (International/Cross-border Clearing Overview JPY 100,000, Japanese ID confirmation law requires banks to System) • Information provided by the Beneficiary: Remitter should obtain all confirm the customer’s name, address, and birthday with a • Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with branch required bank information from the Beneficiary (e.g. SWIFT BIC, government-issued ID. If the customer is an account holder, location, full name, and address of the beneficiary bank. This IBAN, and beneficiary bank address). confirmation is not required as the same process is required to open information is required to avoid payment delays. • Central Bank: For additional information, please refer to an account. If problems are encountered, have the beneficiary’s – SWIFT BIC is 8 or 11 alphanumeric characters: xxxxJPxx or www.cbj.gov.jo. name, account number, and telephone number available. xxxxJPxxxxx. Payment Formatting Rules for JOD Basic Payment Formatting Rules for JPY • Bank to Bank Information (SWIFT MT103 F72): • Ordering Customer (SWIFT MT103 F50): Include account number, full • Ordering Customer (SWIFT MT103 F50): Include account number, full – For outbound payments from a Tokyo branch account, enter name (no initials), and address of the ordering customer. Use of name (no initials), and address of the ordering customer. Use of “FXYCS” (International/Cross-Border Clearing System) on its own initials can delay receipt of funds . initials can delay receipt of funds by the beneficiary. line in F72. • Beneficiary Customer (SWIFT MT103 F59): Include account number • Beneficiary Customer (SWIFT MT103 F59): Include account number, Payment Formatting Rules for Zengin (Domestic Clearing System) (IBAN), full name (no initials) and address of the beneficiary full name (no initials), address, and telephone number of the • Beneficiary Bank (SWIFT MT103 F57): Japanese banks have a unique customer. Use of initials may delay receipt of funds by the beneficiary customer. Use of initials may delay receipt of funds by the 4-digit local bank code decided by JBA. Each bank also has a 3-digit beneficiary. beneficiary. branch code. Combined, the 7-digit bank/branch code identifies the – IBAN numbers for beneficiaries with accounts in – For Zengin Payments: In addition to the account number, specific beneficiary bank. Jordan must be included for payments in all currencies. there are various account types within Japan, including: Saving (“S”), – Bank Branch Code should always be preceded with “/ZN” DDA (“D”), Chochiku (“C”), and Others (“O”). The account type is followed by the 4-digit bank code and the 3-digit branch code. Account # Ex 123456789123 mandatory for all Zengin payments and must precede the beneficiary Example: /ZN0402001 account number in the beneficiary customer field. Example: Country Code JO S1234567. Additional Notes Structure 2!a2!n4!a4!n18!c • – For Zengin Payments: The beneficiary’s exact account name Lifting fees are standard market practice in Japan. Lifting fees are Length 30!c calculated as a percentage of the transaction value (around 1/20% in local language is required. If the account name does not perfectly Electronic Format Ex. JO98ABCD7654321987123456789123 match with the beneficiary’s account name recorded at the of the payment amount). Print Format Ex. JO98 ABCD 7654 3219 8712 3456 7891 23 beneficiary bank, the payment may be delayed. • JPY is a zero decimal currency. • Reason for Payment (SWIFT MT103 F70, F2, or F77B): For • Payments to Post Bank (JPPSJPJ1XXX) are not permitted. transactions relating to non-account debits and credits, purpose of • Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with branch payment is required for transactions over JPY 1,000,000 or identifier (where required), full name, and address of the beneficiary equivalent. This information should be included in either the payment bank. details (SWIFT Field 70), bank to bank (SWIFT Field 72), or regulatory – SWIFT BIC is 8 or 11 alphanumeric characters: xxxxJOxx or reporting fields (SWIFT Field 77B). It is recommended to ask the xxxxJOxxxxx. beneficiary for confirmation of the exact field to insert payment purpose for their specific beneficiary bank. Without this information, the payment may be delayed. – It is recommended to ask the beneficiary for confirmation of the exact field to insert payment purpose for their specific beneficiary bank. Without this information, the payment may be delayed.

The following character representations and length indications are used: N Digits numeric characters c Upper and lowercase a Uppercase letter e Blank space | 37 alphanumeric characters alphabetic characters n Maximum length (A-Z, a-z, and 0-9) (A-Z only) nn! Fixed length

2020 Global Payments Guide Last Updated: November 13, 2020 For the most up-to-date version, please visit jpmorgan.com/visit/guide | 38 Jordan Kazakhstan Kazakhstan JOD – Jordanian Dinar KZT – Kazakhstani Tenge Continued

• Reason for Payment (SWIFT MT103 F70 A): A 4-digit payment code Overview • Reason for Payment (SWIFT MT103 F70): Purpose of payment must and a description of the purpose of payment must be included • Information provided by the Beneficiary: Remitter should obtain all be clearly identified (rent, salary, medical expenses, etc.) and must (rent, salary, medical expenses, office expenses, etc.) for cross- required bank information from the Beneficiary (e.g. SWIFT BIC, be included in the first line. It should begin with the prefix POP currency payments. IBAN, and beneficiary bank address). followed by a space and then a clear purpose of payment. (e.g. POP – Include the 4-digit code in the first line. Sample Format: • Central Bank: For additional information, please refer to SALARY). • 1234 www.nationalbank.kz. 12-digit number beneficiary’s Business Identification Number (BIN) – The next line should include a description of the purpose of or Individual Identification Number (IIN) to be included in the second Country Requirements/Restrictions payment. Sample Format: //Rent line. It should begin with the prefix BIN or IIN followed by a space and • Additional Documentation: The beneficiary must complete all – For a list of payment codes, please use: then the BIN or IIN number. (e.g. BIN 123456789112) required documentation at their local bank by value date to receive https://www.jpmorgan.com/tss/General/Jordan/138921176629 • 10 character purpose code (known as the EKNP) should be updated credit into the account. If all documentation is not completed by 7 in the third line. It should begin with the prefix EKNP followed by a value date, the exact payment amount can’t be guaranteed. Additional Information space and then the EKNP code. The EKNP code format is structured Payment Formatting Rules for KZT in the following way: 2-digit KOD code / 2-digit KBE code / currency • Local market is closed on Fridays. • Ordering Customer (SWIFT MT103 F50): Include account number, full code KZT / 3-digit KNP code (e.g. EKNP XXYYKZTZZZ). name (no initials), and address of the ordering customer. Use of • – XX = KOD (sender’s code which will always be 27 for non-resident initials can delay receipt of funds by the beneficiary. senders) • Beneficiary Customer (SWIFT MT103 F59): Include account number • – YY = KBE (beneficiary code) (IBAN), full name (no initials) and address of the beneficiary • – KZT = currency code KZT customer. Use of initials may delay receipt of funds by the • – ZZZ = KNP (3-digit transaction code, list of codes available upon beneficiary. requests) – IBAN numbers for beneficiaries with accounts in Kazakhstan – Example for J.P. Morgan Bank KBE: 24 (non-resident bank). must be included in the payment instructions. The first digit in the KBE can either be 1 or 2, which refers to: 1 – Resident of Kazakhstan Account # Ex KZ12 345A BC67 8912 3456 2 – Non-resident of Kazakhstan Country Code KZ – The second digit represents: Structure 2!a2!n3!n13!c 1 – Central Government Length 20!c 2 – Regional and Local Authorities Electronic Format Ex. KZ12345ABC6789123456 3 – Central Banks Print Format Ex. KZ12 345A BC67 8912 3456 4 – Other Deposit Organizations (Banks) 5 – Other Financial Organizations

6 – State Non-Financial Organizations – Full beneficiary address is required. 7 – Non-State Non-Financial Organizations • Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with branch identifier (where required), full name, and address of the beneficiary 8 – Non-Commercial Organizations (funds, charity, etc) bank. 9 – Individuals, Private Entrepreneurs – SWIFT BIC is 8 or 11 alphanumeric characters: xxxxKZxx or xxxxKZxxxxx.

2020 Global Payments Guide Last Updated: November 13, 2020 For the most up-to-date version, please visit jpmorgan.com/visit/guide | 39 Kazakhstan Kenya Kuwait Continued KES – KWD – Kuwaiti Dinar

Overview Overview Frequently used KNP codes include: • Information provided by the Beneficiary: Remitter should obtain all • Information provided by the Beneficiary: Remitter should obtain all 213 – Transfer of KZT for foreign currency purchase required bank information from the Beneficiary (e.g. SWIFT BIC, required bank information from the Beneficiary (e.g. SWIFT BIC, 223 – Transfer of foreign currency for KZT purchase account number, and beneficiary bank address). IBAN, and beneficiary bank address). 290 – FX penalties • Central Bank: For additional information, please refer to • Central Bank: For additional information, please refer to 312 – MM deal open (interbank lending/borrowing) www.centralbank.go.ke. www.cbk.gov.kw. 322 – MM deal close (take-up) Payment Formatting Rules for KES Country Requirements/Restrictions 411 – Short-term loan disbursement • Ordering Customer (SWIFT MT103 F50): Include account number, full • Account Requirement: Non-residents can hold local and foreign 413 – Long-term (more than 1 year) loan disbursement name (no initials), and address of the ordering customer. Use of currency accounts. 421 – Short-term loan repayment initials can delay receipt of funds by the beneficiary. • Payment Restrictions: There are no foreign exchange controls. 423 – Long-term loan repayment • Beneficiary Customer (SWIFT MT103 F59): Include account number, Payment Formatting Rules for KWD 710 – Payment for goods full name (no initials) and address of the beneficiary customer. Use of • Ordering Customer (SWIFT MT103 F50): Include account number, full 841 – Payment for financial services initials may delay receipt of funds by the beneficiary. name (no initials), and address of the ordering customer. Use of • 859 – Payment for services Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with 5-digit initials can delay receipt of funds by the beneficiary. branch identifier (first 2 digits are bank code), full name, and address Additional Information • Beneficiary Customer (SWIFT MT103 F59): Include account number, of the beneficiary bank. • full name (no initials) and address of the beneficiary customer. Use of All KZT payments must be made with the charge indicator ‘OUR’. – No bank clearing codes exist in Kenya for cross-border initials may delay receipt of funds by the beneficiary. payments. SWIFT BIC is key to routing payments to the beneficiary – IBAN numbers for beneficiaries with accounts in Kuwait must bank. be included in the payment instructions. – SWIFT BIC is 8 or 11 alphanumeric characters: xxxxKExx or xxxxKExxxxx. Account # Ex 1234567891 • Reason for Payment (SWIFT MT103 F70): Purpose of payment must Country Code KW be clearly identified (rent, salary, medical expenses, office expenses, Structure KW2!n4!a22! etc.). Length 30!c Electronic Format Ex. KW98ABCD7654321987651234567891 Print Format Ex. KW98 ABCD 7654 3219 8765 1234 5678 91

• Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with branch identifier (where required), full name, and address of the beneficiary bank. – No bank clearing codes in Kuwait for cross-border payments. SWIFT BIC is key to routing payments to the beneficiary bank. – SWIFT BIC is 8 or 11 alphanumeric characters: xxxxKWxx or xxxxKWxxxxx. • Reason for Payment (SWIFT MT103 F70): Purpose of payment must be clearly identified (rent, salary, medical expenses, office expenses, etc.). Additional Information • Markets are closed on Fridays.

The following character representations and length indications are used: N Digits numeric characters c Upper and lowercase a Uppercase letter e Blank space | 39 alphanumeric characters alphabetic characters n Maximum length (A-Z, a-z, and 0-9) (A-Z only) nn! Fixed length

2020 Global Payments Guide Last Updated: November 13, 2020 For the most up-to-date version, please visit jpmorgan.com/visit/guide | 40 Kyrgyzstan Laos Latvia KGS – Kyrgyzstani Som LAK – Lao Kip EUR – Euro

Overview Overview Overview • Information provided by the Beneficiary: Remitter should obtain all • Information provided by the Beneficiary: Remitter should obtain all • Information provided by the Beneficiary: Remitter should obtain all required bank information from the Beneficiary (e.g. SWIFT BIC, required bank information from the Beneficiary (e.g. SWIFT BIC, required bank information from the Beneficiary (e.g. SWIFT BIC, account number, and beneficiary bank address). account number, and beneficiary bank address). IBAN, and beneficiary bank address). • Central Bank: For additional information, please refer to • Central Bank: For additional information, please refer to Country Requirements/Restrictions www.nbkr.kg. www.bol.gov.la. • SEPA: Strict formatting standards and SEPA guidelines exist in Country Requirements/Restrictions Country Requirements/Restrictions Europe regarding cross-border payments. IBAN and SWIFT BIC are • Payment Restrictions: Payments for rent of premises sent directly to • Payment Restrictions: All foreign exchange earnings must be required for all euro payments. SEPA standards apply for euro the landlord are not permitted. All other payments to individuals are deposited in a local account. payments to beneficiaries with accounts in Latvia. allowed. • Account Restrictions: Residents can maintain foreign exchange Payment Formatting Rules for EUR • Additional Documents: Beneficiaries of FX payments must complete accounts. Accounts can’t be opened abroad except where deemed • Ordering Customer (SWIFT MT103 F50): Include account number, full all required forms advising of the nature of the payment and necessary. name (no initials), and address of the ordering customer. Use of beneficiary before the account is credited. Payment Formatting Rules for LAK initials can delay receipt of funds. Payment Formatting Rules for KGS • Ordering Customer (SWIFT MT103 F50): Include account number, full • Beneficiary Customer (SWIFT MT103 F59): Include account number • Ordering Customer (SWIFT MT103 F50): Include account number, full name (no initials), and address of the ordering customer. Use of (IBAN), full name (no initials), and address of the beneficiary name (no initials), and address of the ordering customer. Use of initials can delay receipt of funds by the beneficiary. customer. Use of initials may delay receipt of funds by the initials can delay receipt of funds by the beneficiary. • Beneficiary Customer (SWIFT MT103 F59): Include account number, beneficiary. • Beneficiary Customer (SWIFT MT103 F59): Include 16-digit account full name (no initials) and full address of the beneficiary customer. – IBAN numbers for beneficiaries with accounts in Latvia must number, full name (no initials) and address of the beneficiary Use of initials may delay receipt of funds by the beneficiary. be included in the payment instructions. customer. Use of initials may delay receipt of funds by the • Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with branch beneficiary. identifier (where required), full name, and address of the beneficiary Account # Ex LV12 ABCD 3456 7891 2345 6 • Beneficiary Bank (SWIFT MT103 F57): Include 6-digit BIK code, bank. Country Code LV SWIFT BIC with branch identifier (where required), full name, and – SWIFT BIC is 8 or 11 alphanumeric characters: xxxxLAxx or Structure LV2!n4!a13!c address of the beneficiary bank. xxxxLAxxxxx. Length 21!c – The 6-digit BIK code is used to route or clear funds in • Reason for Payment (SWIFT MT103 F70): Purpose of payment must Electronic Format Ex. LV12ABCD3456789123456 Kyrgyzstan. be clearly identified (rent, salary, medical expenses, office expenses, Print Format Ex. LV12 ABCD 3456 7891 2345 6 – SWIFT BIC is 8 or 11 alphanumeric characters: xxxxKGxx or etc.).

xxxxKGxxxxx. Additional Information – Full beneficiary address is required to avoid payment delays. • Reason for Payment (SWIFT MT103 F70): Purpose of payment must • This is a zero decimal currency and therefore does not have cents • Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with branch be clearly identified (rent, salary, medical expenses, office expenses, identifier (where required), full name, and address of the beneficiary etc.). bank. – Payment code (8 digits) must be included in the payment – There are no specific bank clearing codes in the country for instructions to describe the nature of the payment. cross-border payments. SWIFT BIC is key to routing payments. – SWIFT BIC is 8 or 11 alphanumeric characters: xxxxLVxx or xxxxLVxxxxx. 2020 Global Payments Guide Last Updated: November 13, 2020 For the most up-to-date version, please visit jpmorgan.com/visit/guide | 41 Lesotho Lebanon Liechtenstein LSL – LBP – Lebanese Pound CHF – Overview Overview Overview • Information provided by the Beneficiary: Remitter should obtain all • Information provided by the Beneficiary: Remitter should obtain all • Information provided by the Beneficiary: Remitter should obtain all required bank information from the Beneficiary (e.g. SWIFT BIC, required bank information from the Beneficiary (e.g. SWIFT BIC, required bank information from the Beneficiary (e.g. SWIFT BIC, account number, and beneficiary bank address). IBAN, and beneficiary bank address). account number, and beneficiary bank address). • Central Bank: For additional information, please refer to Country Requirements/Restrictions Country Requirements/Restrictions www.centralbank.org.ls. • Underlying Remitters and Beneficiaries that in the Aid and • Currency & Clearing Information: Liechtenstein is adopting some of Payment Formatting Rules for LSL Development Sector (i.e. Charities / NGOs) MUST BE preapproved by the payment guidelines applied by the European Union countries, • Ordering Customer (SWIFT MT103 F50): Include account number, full our bank. Approval will require annual volumes, names of the including IBAN numbers, although they continue to use the Swiss name (no initials), and address of the ordering customer. Use of beneficiaries, name of the beneficiary banks and a clear purpose Franc (CHF). initials can delay receipt of funds by the beneficiary. of payment • SEPA: Strict formatting standards and SEPA guidelines exist in • Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with branch • P2P payments are not permitted. Europe regarding cross-border payments. IBAN and SWIFT BIC are identifier (where required), full name, and address of the beneficiary required for all euro payments. SEPA standards apply for euro Payment Formatting Rules for LBP bank. payments to beneficiaries with accounts in Liechtenstein. • Ordering Customer (SWIFT MT103 F50): Include account number, full – SWIFT BIC is 8 or 11 alphanumeric characters: xxxxLSxx or Payment Formatting Rules for CHF name (no initials), and address of the ordering customer. Use of xxxxLSxxxxx. • initials can delay receipt of funds by the beneficiary. Ordering Customer (SWIFT MT103 F50): Include account number, full • Beneficiary Customer (SWIFT MT103 F59): Include account number, • Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with branch name (no initials), and address of the ordering customer. Use of full name (no initials) and full beneficiary address (mandatory) of the identifier (where required), full name, and address of the beneficiary initials can delay receipt of funds. beneficiary customer. Use of initials may delay receipt of funds by the • bank. Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with beneficiary. – SWIFT BIC is 8 or 11 alphanumeric characters: xxxxLSxx or branch identifier (where required), full name, and address of the • Reason for Payment (SWIFT MT103 F70): Purpose of payment must beneficiary bank. xxxxLSxxxxx. be clearly identified (rent, salary, medical expenses, office expenses, • – SWIFT BIC is 8 or 11 alphanumeric characters: xxxxLIxx or etc.). Beneficiary Customer (SWIFT MT103 F59): Include account number (IBAN), full name (no initials) and full beneficiary address xxxxLIxxxxx. • (mandatory) of the beneficiary customer. Use of initials may delay Beneficiary Customer (SWIFT MT103 F59): Include account number receipt of funds by the beneficiary. (IBAN), full name (no initials) and address of the beneficiary – IBAN numbers for beneficiaries with accounts in Lebanon customer. Use of initials may delay receipt of funds by the beneficiary. must be included in the payment instructions. – Use of IBAN numbers is highly recommended. Account # Ex 123456789123456789AB Account # Ex 1234 5678912AB Country Code LB Country Code LI Structure LB2!n4!n20!c Structure LI2!n5!n12!c Length 28!c Length 21!c Electronic Format Ex. LB620987123456789123456789AB Electronic Format Ex. LI98765412345678912AB Print Format Ex. LB62 0987 1234 5678 9123 4567 89AB Print Format Ex. LI98 7654 1234 5678 912A B

• Reason for Payment (SWIFT MT103 F70): Purpose of payment must • be clearly identified (rent, salary, medical expenses, office expenses, Reason for Payment (SWIFT MT103 F70): Purpose of payment must etc.). be clearly identified (rent, salary, medical expenses, office expenses, Additional Information etc.). •This is a zero decimal currency and therefore does not have cents. • Local market is closed every Friday

The following character representations and length indications are used: N Digits numeric characters c Upper and lowercase a Uppercase letter e Blank space | 41 alphanumeric characters alphabetic characters n Maximum length (A-Z, a-z, and 0-9) (A-Z only) nn! Fixed length

2020 Global Payments Guide Last Updated: November 13, 2020 For the most up-to-date version, please visit jpmorgan.com/visit/guide | 42 Lithuania Luxembourg Macau EUR – Euro EUR – Euro MOP – Macanese Pataca

Overview Overview Overview • Information provided by the Beneficiary: Remitter should obtain all • Information provided by the Beneficiary: Remitter should obtain all • Information provided by the Beneficiary: Remitter should obtain all required bank information from the Beneficiary (e.g. SWIFT BIC, required bank information from the Beneficiary (e.g. SWIFT BIC, required bank information from the Beneficiary (e.g. SWIFT BIC, IBAN, and beneficiary bank address). IBAN, and beneficiary bank address). IBAN, and beneficiary bank address). • Central Bank: For additional information, please refer to www.lb.lt. • Central Bank: For additional information, please refer to www.bcl.lu. • Central Bank: For additional information, please refer to Country Requirements/Restrictions Country Requirements/Restrictions www.amcm.gov.mo • SEPA: Strict formatting standards and SEPA guidelines exist in • Account Restrictions: Residents and non-residents are permitted to Payment Formatting Rules for MOP Europe regarding cross-border payments. IBAN and SWIFT BIC are open and maintain domestic or foreign currency accounts either • Ordering Customer (SWIFT MT103 F50): Include account number, full required for all euro payments. SEPA standards apply for euro locally or abroad. name (no initials), and address of the ordering customer. Use of payments to beneficiaries with accounts in Lithuania. • Additional Documentation: Written justification must be submitted initials can delay receipt of funds by the beneficiary. Payment Formatting Rules for EUR for incoming transactions exceeding EUR 625,000 and for outgoing • Beneficiary Customer (SWIFT MT103 F59): Include account number, • Ordering Customer (SWIFT MT103 F50): Include account number, full transactions exceeding EUR 12,500. full name (no initials) and full address (Beneficiary street address, name (no initials), and address of the ordering customer. Use of • SEPA: Strict formatting standards and SEPA guidelines exist in city, country) of the beneficiary customer. Use of initials may delay initials can delay receipt of funds by the beneficiary. Europe regarding cross-border payments. IBAN and SWIFT BIC are receipt of funds by the beneficiary. • • Beneficiary Customer (SWIFT MT103 F59): Include account number required for all euro payments. SEPA standards apply for euro Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with branch (IBAN), full name (no initials) and address of the beneficiary payments to beneficiaries with accounts in Luxembourg. identifier (where required), full name, and address of the beneficiary customer. Use of initials may delay receipt of funds by the Payment Formatting Rules for EUR bank. – beneficiary. • Ordering Customer (SWIFT MT103 F50): Include account number, full SWIFT BIC is 8 or 11 alphanumeric characters: xxxMOxx or – IBAN numbers for beneficiaries with accounts in Lithuania name (no initials), and address of the ordering customer. Use of xxxMOxxxx. must be included in the payment instructions. initials can delay receipt of funds by the beneficiary. • Reason for Payment (SWIFT MT103 F70): Purpose of payment must • Beneficiary Customer (SWIFT MT103 F59): Include account number be clearly identified (rent, salary, medical expenses, office expenses, Account # Ex LT12 3456 7891 2345 6789 (IBAN), full name (no initials) and address of the beneficiary etc.). Country Code LT customer. Use of initials may delay receipt of funds by the beneficiary. Structure LT2!n5!n11!n – IBAN numbers for beneficiaries with accounts in Luxembourg Length 20!c must be included in the payment instructions. Electronic Format Ex. LT123456789123456789 Print Format Ex. LT12 3456 7891 2345 6789 Account # Ex LU12 3456 7891 2345 6789 Country Code LU – Full beneficiary address is highly recommended to avoid Structure LU2!n3!n13!c payment delays. Length 20!c • Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with Electronic Format Ex. LU123456789123456789 branch identifier (where required), full name, and address of the beneficiary bank. Print Format Ex. LU12 3456 7891 2345 6789 – There are no specific bank clearing codes for Lithuania for cross-border payments. SWIFT BIC is key to routing payments to the • Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with branch beneficiary bank. identifier (where required), full name, and address of the beneficiary – SWIFT BIC is 8 or 11 alphanumeric characters: xxxxLTxx or bank. xxxxLTxxxxx. – SWIFT BIC is 8 or 11 alphanumeric characters: xxxxLUxx or xxxxLUxxxxx.

2020 Global Payments Guide Last Updated: November 13, 2020 For the most up-to-date version, please visit jpmorgan.com/visit/guide | 43 Madagascar Malawi Malaysia MGA – MWK – MYR – Malaysian Ringgit

Overview Overview Overview • Information provided by the Beneficiary: Remitter should obtain all • Information provided by the Beneficiary: Remitter should obtain all • Bank Negara Malaysia, the Central Bank of Malaysia (BNM): For required bank information from the Beneficiary (e.g. SWIFT BIC, required bank information from the Beneficiary (e.g. SWIFT BIC, information about BNM, please refer to www.bnm.gov.my.. account number, and beneficiary bank address). account number, and beneficiary bank address). Country Requirements/Restrictions Country Requirements/Restrictions Payment Formatting Rules for MWK • “Resident” means (a) a citizen of Malaysia, excluding a citizen who • Additional Documentation: Supporting documentation may be • Ordering Customer (SWIFT MT103 F50): Include account number, full has obtained permanent resident status in a country or a territory requested from the beneficiary. name (no initials), and address of the ordering customer. Use of outside Malaysia and is residing outside Malaysia; (b) a non-citizen Payment Formatting Rules for MGA initials can delay receipt of funds by the beneficiary. of Malaysia who has obtained permanent resident status in Malaysia • • Ordering Customer (SWIFT MT103 F50): Include account number, full Beneficiary Customer (SWIFT MT103 F59): Include account number, and is ordinarily residing in Malaysia; (c) a body corporate name (no initials), and address of the ordering customer. Use of full name (no initials) and full address of the beneficiary customer. incorporated or established, or registered with or approved by any initials can delay receipt of funds by the beneficiary. Use of initials may delay receipt of funds by the beneficiary. authority, in Malaysia; an unincorporated body registered with or • approved by any authority in Malaysia; or (e) the Government or any • Beneficiary Customer (SWIFT MT103 F59): Include account number, Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with branch State Government. full name (no initials) and full address of the beneficiary customer. identifier (where required), full name, and address of the beneficiary • Use of initials may delay receipt of funds by the beneficiary. bank. “Non-resident” means (a) any person other than a resident; (b) an overseas branch, a subsidiary, regional office, sales office or – Account numbers must be formatted according to the below • SWIFT BIC is 8 or 11 alphanumeric characters: xxxxMWxx or representative office of a resident company; (c) Embassies, specifications. xxxxMWxxxxx. • Consulates, High Commissions, supranational or international Reason for Payment (SWIFT MT103 F70): Purpose of payment must organizations; or (d) a Malaysian citizen who has obtained permanent Country Code MG be clearly identified (rent, salary, medical expenses, office expenses, etc.). resident status of a country or territory outside Malaysia and is Length 27!c residing outside Malaysia. Format MG46 + 23 digits • Where required under Malaysia’s Foreign Exchange (FE) Policy, the client should obtain prior approval for the payment from BNM. • • Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with branch Speculative trading is not allowed. identifier (where required), full name, and address of the beneficiary MYR payment from and to an account held with a Labuan bank is not bank. permitted due to regulatory restrictions. – SWIFT BIC is 8 or 11 alphanumeric characters: xxxxMGxx or BNM’s Foreign Exchange (FE) Policy xxxxMGxxxxx. • The Foreign Exchange Administration Rules (FEA) may be updated • Reason for Payment (SWIFT MT103 F70): Purpose of payment must from time to time by Bank Negara Malaysia. Please refer BNM be clearly identified (rent, salary, medical expenses, office expenses, (http://bnm.my/fea) for the latest FE Notices.. etc.). • Additional Documentation: For compliance with the FE Notices and/or other applicable legal obligations, BNM or J.P. Morgan may require clients to provide supporting documents as evidence to substantiate purpose of payment. If supporting documents are required by J.P. Morgan, please submit a scanned copy of the supporting documents to [email protected] .Transactions without supporting documentation or with incomplete or unclear purpose code will be delayed or rejected.

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The following character representations and length indications are used: N Digits numeric characters c Upper and lowercase a Uppercase letter e Blank space | 43 alphanumeric characters alphabetic characters n Maximum length (A-Z, a-z, and 0-9) (A-Z only) nn! Fixed length

2020 Global Payments Guide Last Updated: November 13, 2020 For the most up-to-date version, please visit jpmorgan.com/visit/guide | 44 Malaysia Malaysia Malaysia only) Continued Continued

Malaysia’s Payment Purpose Codes Appointed Overseas Office (AOO) For more guidance on Malaysia’s purpose codes, please use the • J.P. Morgan Malaysia has Appointed Overseas Offices to facilitate Ringgit Settlement of a ringgit asset Resident/ following link: MYR transactions between Non-Resident with a Resident. The list of Asset including any income and profit due Non- https://jpmorganaccess.com.my/pdf/BNMPurposeCodes.pdf approved J.P. Morgan affiliates under the BNM Appointed Overseas from the ringgit asset. Please specify Resident Payment in MYR involving Non-Resident Office (AOO) Framework can be referred to at what kind of ringgit asset, e.g. https://www.bnm.gov.my/index.php?rp=aoo_bankinggroup 36410 - Purchase of Malaysian Non-resident is allowed to make or receive MYR in Malaysia, to or from a Government securities. resident or a non-resident, for the following purposes: • Supporting documents will be required from the remitter by J.P. Morgan when transacting above MYR250,000 . Transactions without Compensati 14310 Wages and salaries in cash: Resident/ on of Amounts payable in cash (or any Non- Purpose of Use and Source of Funds Between Non- Between Non-Residents supporting documentation or with incomplete or unclear purpose Employees other financial instruments used as Resident Resident and code and payment purpose description will be delayed or rejected.. * (Note: For means of payments) to employees in (Note: Resident compensati return for labor input rendered, Payment Settlement of a ringgit asset including • J.P. Morgan AOO’s can facilitate MYR payments, from Non-Resident ✔ ✔ on earned before deducting withholding taxes between any income and profit due from the and Resident Individuals abroad and Non-Resident Entities abroad in Malaysia and employees’ contributions to Non- ringgit asset into Malaysia provided the purpose of payments is permissible only) social insurance schemes. Included residents Settlement of trade in goods ✔ ✔* Note: Settlement of trade in according to FE policy. Resident Entities are not permitted to utilize are basic wages and salaries; extra must be for goods between Non-Residents, J.P. Morgan AOO’s. pay for overtime, night work, and compensati must be for domestic trade in weekend work; cost of living on earned goods in Malaysia only. • Non-Resident Remittance Service Providers may engage J.P. Morgan allowances, local allowances, and in Malaysia AOO’s to facilitate MYR payments into Malaysia for their Individual expatriation allowances; bonuses; only) annual supplementary pay, such as Settlement of services ✔ ✔* Note: Settlement of services customers only provided the purpose of payments is permissible between Non-Residents, must be “thirteenth month” pay; allowances for domestic services in Malaysia according to FE policy. for transportation to and from work; only. holiday pay for official holidays or annual holidays; and housing Mandatory Payment Criteria Required from Remitter to AOO allowances. Excludes Income earned or expense incurred, in ✔ ✔ Malaysia Residency Status Please indicate 2 digit country code relevant to the residency status of reimbursement by employers of the Beneficiary and Ordering Customer, proceeded by “/OTHR/” and expenditures made by employees in Settlement of a commodity ✔ ✔ code words “BENEFRES”, “ORDERRES” respectively (SWIFT MT103 order to enable them to take up new murabahah transaction undertaken F70/72). A Malaysian citizen with permanent resident status outside or relocated jobs. through a resident commodity trading Malaysia is considered a Non-Resident, and should provide the overseas service provider country code. 14320 Wages and salaries in kind/benefits Resident/ attributable to employees: Amounts Non- Settlement of reinsurance for domestic ✔ X Example: /OTHR/BENEFRES/MY/ORDERRES/SG payable in the form of goods, Resident insurance business or retakaful for Payment Details Please indicate purpose code and the reason for payment (SWIFT MT103 services, interest forgone, and domestic takaful business between a field70/72). See above specified under ’Payments in MYR involving Non- shares to employees in return for resident and a person licensed to Resident’ on the list of purpose of payment that is allowed (taking into labor input rendered. Include meals; undertake Labuan insurance or takaful account the residency of the parties involved). accommodation; sports, recreation, business or holiday facilities for employees Settlement of a financial guarantee ✔ X Example:/ACC/16773/Management Consulting and their families; transportation to denominated in ringgit, to secure an Non-Resident Please indicate Residency Status of the ultimate Ordering Customer and and from work; goods and services underlying borrowing in ringgit Remittance Service Beneficiary, and Payment Details as stated above. from the employer’s own processes Providers of production; bonus shares distributed to employees; and so Settlement of a non-financial ✔ ✔ guarantee denominated in ringgit for forth. The goods or services may be use in Malaysia provided free or at a reduced cost. Also includes Employee Stock Common AOO Payment Examples: Options (ESOs). Payment Purpose Purpose Description Payable To For any purpose between immediate ✔ ✔ family members Purpose Code Manage- 16773 Charges for services associated with Resident/ Note: “Immediate family members” in Goods/ Please Settlement of trade in goods, and Resident/ ment provision of advice, guidance or Non- relation to an individual means a legal Services select settlement of services in any Non- Consulting operational assistance to business Resident* spouse, Parents, legitimate child appropriate manner. Payment between non- Resident* Services and public relations services which (Note: (including legally adopted) or code from residents has to be for settlement of (Note: includes advisory, guidance and Payment legitimate sibling of an individual.. Malaysia’s domestic trade in goods or services Payment operational assistance services between payment in Malaysia. Please specify what between proceeded to businesses for Non- purpose kind of goods or services based on Non- business policy and strategy, overall residents code listing. purpose code selected, e.g. 6000 - residents planning, structuring and control of must be for Manufactured goods (please specify must be for an organization. Includes services what kind of manufactured goods). settlement management auditing, market rendered in of domestic management, human resources, Malaysia goods/servi production management and project only) ces in management consulting, and 2020 Global Payments Guide Last Updated: November 13, 2020 For the most up-to-date version, please visit jpmorgan.com/visit/guide | 45 services related to improving the image of the clients and their Malaysia Maldives relations with public and other Continued MVR – Maldivian Rufiyaa institutions. • Beneficiary Bank (SWIFT MT103 F57): Include (if Overview applicable), SWIFT BIC with branch identifier, full name, and address • Information provided by the Beneficiary: Remitter should obtain all of the beneficiary bank. required bank information from the Beneficiary (e.g. SWIFT BIC, – SWIFT BIC is 8 or 11 alphanumeric characters: xxxxMYxx or account number, and beneficiary bank address). xxxxMYxxxxx. • Central Bank: For additional information, please refer to • Sender to Receiver Information (SWIFT MT103 F72): Provide a Advertising, 16760 Charges for advertising, market Resident/ www.mma.gov.mv. purpose for payment code and the reason for payment proceeded by Market research for design, creation, and Non- Payment Formatting Rules for MVR Research marketing of advertisements by Resident* “/ACC/PURPOSE/”. Payments received without a specific purpose • Ordering Customer (SWIFT MT103 F50): Include account number, full and Public advertising agencies; media (Note: code may be cancelled and returned to the remitter Opinion placement, including the purchase Payment name (no initials), and address of the ordering customer. Use of . Format:/ACC/PURPOSE/5!n/16x Polling and sale of advertising space; between initials can delay receipt of funds by the beneficiary. Services exhibition services provided by trade Non- – If submitting a PaySource GFF file, this should be included on the fairs; promotion of products abroad; residents • Beneficiary Customer (SWIFT MT103 F59): Include account number, first line with proposed format as /REG/5!n/24x (REG = code word market research; and public opinion must be for full name (no initials) and address of the beneficiary customer. Use polling abroad on various issues. services for regulatory reporting, 5!n = five digits valid ITIS purpose code, 24x of initials may delay receipt of funds by the beneficiary. Include also commissions, rendered in = 24 alphanumeric purpose description). brokerage fees levied by non- Malaysia • Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with branch – If submitting a SWIFT, apply the same input format under SWIFT financial intermediaries. only) identifier, full name, and address of the beneficiary bank. Equity 35140 Equity investment of a parent Resident MT103 F72. investment company i.e. direct investor in its – SWIFT BIC is 8 or 11 alphanumeric characters: xxxxMVxx or other than subsidiaries or affiliates i.e. direct xxxxMVxxxxx. mergers investment enterprise, through the – The exact location of the branch must be provided. and purchase of existing shareholders' acquisitions interests or subscription in the • Reason for Payment (SWIFT MT103 F70): Purpose of payment must expanded paid up capital of the be clearly identified (rent, salary, medical expenses, office expenses, entity, or through share swaps. Also includes equity investment for the etc.). establishment of a new entity. Additional Information • Local market is closed every Friday 35300 Capital provided to /received by Resident Head office branches from head office with no accounts in repayment obligation. branches

Payment Formatting Rules for MYR • Ordering Customer (SWIFT MT103 F50): Include account number, full name (no initials), address and country of the ordering customer. Use of initials can delay receipt of funds. • Beneficiary Customer (SWIFT MT103 F59): Include account, full name (no initials), address and country of the beneficiary customer. Use of initials may delay receipt of funds by the beneficiary. - In J.P. Morgan Access, the ‘Beneficiary Name’ field has a 35 character limit and longer beneficiary names can be continued in ‘Address Line 1’. • Remittance Information (SWIFT MT103 F70): Include beneficiary’s residency status and payment detail

The following character representations and length indications are used: N Digits numeric characters c Upper and lowercase a Uppercase letter e Blank space | 45 alphanumeric characters alphabetic characters n Maximum length (A-Z, a-z, and 0-9) (A-Z only) nn! Fixed length

2020 Global Payments Guide Last Updated: November 13, 2020 For the most up-to-date version, please visit jpmorgan.com/visit/guide | 46 Mali Malta Mauritius XOF – West African CFA Franc EUR – Euro MUR –

Overview Overview Overview • Information provided by the Beneficiary: Remitter should obtain all • Information provided by the Beneficiary: Remitter should obtain all • Information provided by the Beneficiary: Remitter should obtain all required bank information from the Beneficiary (e.g. SWIFT BIC, required bank information from the Beneficiary (e.g. SWIFT BIC, required bank information from the Beneficiary (e.g. SWIFT BIC, account number, and beneficiary bank address). IBAN, and beneficiary bank address). IBAN, and beneficiary bank address). Country Requirements/Restrictions Country Requirements/Restrictions • Central Bank: For additional information, please refer to • Additional Documentation: Additional supporting documentation • SEPA: Strict formatting standards and SEPA guidelines exist in www.bom.mu. may be required from the beneficiary. Europe regarding cross-border payments. IBAN and SWIFT BIC are Payment Formatting Rules for MUR Payment Formatting Rules for XOF required for all euro payments. SEPA standards apply for euro • Ordering Customer (SWIFT MT103 F50): Include account number, full • Ordering Customer (SWIFT MT103 F50): Include account number, full payments to beneficiaries with accounts in Malta. name (no initials), and address of the ordering customer. Use of name (no initials), and address of the ordering customer. Use of Payment Formatting Rules for EUR initials can delay receipt of funds by the beneficiary. initials can delay receipt of funds by the beneficiary. • Ordering Customer (SWIFT MT103 F50): Include account number, full • Beneficiary Customer (SWIFT MT103 F59): Include account number • Beneficiary Customer (SWIFT MT103 F59): Include account number, name (no initials) and address of the ordering customer. Use of (IBAN), full name (no initials) and address of the beneficiary full name (no initials) and address, and telephone number of the initials can delay receipt of funds by the beneficiary. customer. Use of initials may delay receipt of funds by the beneficiary customer. Use of initials may delay receipt of funds by the • Beneficiary Customer (SWIFT MT103 F59): Include account number beneficiary. beneficiary. (IBAN), full name (no initials), and address of the beneficiary – IBAN numbers for beneficiaries with accounts in Mauritius – It is mandatory to format account numbers for beneficiaries customer. Use of initials may delay receipt of funds by the must be included in the payment instructions. with accounts in Mali according to the below specifications. beneficiary. – Account numbers should be 24 characters consisting of the – IBAN numbers for beneficiaries with accounts in Malta must Account # Ex MU12 ABCD 3456 7891 2345 6789 123M UR 5 character bank code (including the 2 character country code) + 5 be included in the payment instructions. Country Code MU character branch code + 12 digit account number + 2 digit Clé RIB. Structure MU2!n4!a2!n2!n12!n3!n3!a Account # Ex 12345ABCDEFG123H Length 30!c Country Code ML Country Code MT Electronic Format Ex. MU12ABCD3456789123456789123MUR Length 24!c Structure MT2!n4!a5!n18!c Print Format Ex. MU12 ABCD 3456 7891 2345 6789 123M UR Length 31!c

• Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with branch Electronic Format Ex. MT98ABCD765432112345ABCDEFG123H • Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with branch identifier (where required), full name, and address of the beneficiary Print Format Ex. MT98 ABCD 7654 3211 2345 ABCD EFG1 23H identifier (where required), full name, and address of the beneficiary bank. bank. – SWIFT BIC is 8 or 11 alphanumeric characters: xxxxMLxx or • Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with – SWIFT BIC is 8 or 11 alphanumeric characters: xxxxMUxx or xxxxMLxxxxx. branch identifier (where required), full name, and address of the xxxxMUxxxxx. • Reason for Payment (SWIFT MT103 F70): Purpose of payment must beneficiary bank. • Reason for Payment (SWIFT MT103 F70): Purpose of payment must be clearly identified (rent, salary, medical expenses, office expenses, – be clearly identified (rent, salary, medical expenses, office expenses, etc.). SWIFT BIC is 8 or 11 alphanumeric characters: xxxxMTxx or xxxxMTxxxxx. etc.). Additional Information • This country is a member of the Central Bank of West African States. • XOF is a zero decimal currency.

2020 Global Payments Guide Last Updated: November 13, 2020 For the most up-to-date version, please visit jpmorgan.com/visit/guide | 47 Mexico Mongolia Monaco MXN – Mexican Peso MNT – Mongolian Tugrik EUR – Euro

Overview Overview Overview • Information provided by the Beneficiary: Remitter should obtain all • Information provided by the Beneficiary: Remitter should obtain all • Information provided by the Beneficiary: Remitter should obtain all required bank information from the Beneficiary (e.g. SWIFT BIC, required bank information from the Beneficiary (e.g. SWIFT BIC, required bank information from the Beneficiary (e.g. SWIFT BIC, CLABE, and beneficiary bank address). account number, and beneficiary bank address). IBAN, and beneficiary bank address). Country Requirements/Restrictions • Central Bank: For additional information, please refer to Country Requirements/Restrictions • Currency & Clearing Information: Mexico has high and low value www.mongolbank.mn/eng. • SEPA: Strict formatting standards and SEPA guidelines exist in electronic payment systems. Country Requirements/Restrictions Europe regarding cross-border payments. IBAN and SWIFT BIC are • Account Restrictions: Residents can open and maintain foreign • Payment Restrictions: If necessary, banks may set limits up to 25% of required for all euro payments. SEPA standards apply for euro currency accounts domestically and abroad. However, only the company or individual’s equity capital on total cash FX purchases payments to beneficiaries with accounts in Monaco. companies residing in Mexico or residents in the northern border for each business day. Payment Formatting Rules for EUR areas (e.g., Baja California) are allowed to hold foreign exchange Payment Formatting Rules for MNT • Ordering Customer (SWIFT MT103 F50): Include account number, full demand deposit accounts domestically. • Ordering Customer (SWIFT MT103 F50): Include account number, full name (no initials), and address of the ordering customer. Use of Payment Formatting Rules for MXN name (no initials), and address of the ordering customer. Use of initials can delay receipt of funds by the beneficiary. • Ordering Customer (SWIFT MT103 F50): Include account number, full initials can delay receipt of funds by the beneficiary. • Beneficiary Customer (SWIFT MT103 F59): Include account number name (no initials), and address of the ordering customer. Use of • Beneficiary Customer (SWIFT MT103 F59): Include account number, (IBAN), full name (no initials) and address of the beneficiary initials can delay receipt of funds by the beneficiary. full name (no initials) and address, of the beneficiary customer. Use customer. Use of initials may delay receipt of funds by the • Beneficiary Customer (SWIFT MT103 F59): Include 18-digit CLABE, of initials may delay receipt of funds by the beneficiary. beneficiary. full name (no initials) and address of the beneficiary customer. Use • Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with branch – IBAN numbers for beneficiaries with accounts in Monaco of initials may delay receipt of funds by the beneficiary. identifier (where required), full name, and address of the exact must be included in the payment instructions. – Payments to individuals and corporations must quote the location of the beneficiary bank. beneficiary account number in CLABE format. CLABE is the 18-digit – SWIFT BIC is 8 or 11 alphanumeric characters: xxxxMNxx or Account # Ex 1234567891A standardized beneficiary bank account number (like IBAN). Please xxxxMNxxxxx. Country Code MC refer to the CLABE calculator • Reason for Payment (SWIFT MT103 F70): Purpose of payment must Structure MC2!n5!n5!n11!c2!n frbservices.org/files/operations/xls/CLABE_Check_Digit_Calc.xls. be clearly identified (rent, salary, medical expenses, office expenses, Length 27!c • Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with branch etc.). Electronic Format Ex. MC9876543219871234567891A65 identifier (where required), full name, and address of the beneficiary Additional Information bank. Print Format Ex. MC98 7654 3219 8712 3456 7891 A65 • The Bank of Mongolia has the right to revoke FX payments for failure – There are no specific bank clearing codes in Mexico for cross- to provide timely reporting, accurate information, and timely payment border payments. SWIFT BIC is key to routing payments. settlements. • Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with branch – SWIFT BIC is 8 or 11 alphanumeric characters: xxxxMXxx or identifier (where required), full name, and address of the beneficiary xxxxMXxxxxx. bank. • Reason for Payment (SWIFT MT103 F70): Purpose of – SWIFT BIC is 8 or 11 alphanumeric characters: xxxxMCxx or payment must be clearly identified (rent, salary, medical expenses, xxxxMCxxxxx. office expenses, etc.). – Mexico clearing systems only accept 40 alpha-numeric characters in the payment details field. If the text in this field exceeds this limitation, the information following the first 40 characters is truncated.

The following character representations and length indications are used: N Digits numeric characters c Upper and lowercase a Uppercase letter e Blank space | 47 alphanumeric characters alphabetic characters n Maximum length (A-Z, a-z, and 0-9) (A-Z only) nn! Fixed length

2020 Global Payments Guide Last Updated: November 13, 2020 For the most up-to-date version, please visit jpmorgan.com/visit/guide | 48 Montenegro Montserrat Morocco EUR – Euro XCD – East Caribbean Dollar MAD –

Overview Overview Overview • Information provided by the Beneficiary: Remitter should obtain all • Information provided by the Beneficiary: Remitter should obtain all • Information provided by the Beneficiary: Remitter should obtain all required bank information from the Beneficiary (e.g. SWIFT BIC, required bank information from the Beneficiary (e.g. SWIFT BIC, required bank information from the Beneficiary (e.g. SWIFT BIC, IBAN, and beneficiary bank address). account number, and beneficiary bank address). account number, and beneficiary bank address). • Central Bank: For additional information, please refer to www.cb- • Central Bank: For additional information, please refer to www.eccb- • Central Bank: For additional information, please refer to mn.org/eng. centralbank.org. www.bkam.ma. Country Requirements/Restrictions Payment Formatting Rules for XCD Payment Formatting Rules for MAD • Currency & Clearing Information: Montenegro has adopted the Euro • Ordering Customer (SWIFT MT103 F50): Include account number, full • Ordering Customer (SWIFT MT103 F50): Include account number, full as its official currency, despite not being a member of the European name (no initials), and address of the ordering customer. Use of name (no initials), and address of the ordering customer. Use of Union (EU). initials can delay receipt of funds by the beneficiary. initials can delay receipt of funds by the beneficiary. Payment Formatting Rules for EUR • Beneficiary Customer (SWIFT MT103 F59): Include account number, • Beneficiary Customer (SWIFT MT103 F59): Include 24-digit account • Ordering Customer (SWIFT MT103 F50): Include account number, full full name (no initials) and address of the beneficiary customer. Use of number, full name (no initials) and address of the beneficiary name (no initials), and address of the ordering customer. Use of initials may delay receipt of funds by the beneficiary. customer. Use of initials may delay receipt of funds by the initials can delay receipt of funds by the beneficiary. • Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with beneficiary. • • Beneficiary Customer (SWIFT MT103 F59): Include account number branch identifier (where required), full name, and address of the Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with branch (IBAN), full name (no initials), and address of the beneficiary beneficiary bank. identifier (where required), full name, and address of the exact customer. Use of initials may delay receipt of funds by the – SWIFT BIC is 8 or 11 alphanumeric characters: xxxxMSxx or location of the beneficiary bank. beneficiary. xxxxMSxxxxx. – SWIFT BIC is 8 or 11 alphanumeric characters: xxxxMAxx or – IBAN numbers for beneficiaries with accounts in Montenegro • Reason for Payment (SWIFT MT103 F70): Purpose of payment must xxxxMAxxxxx. must be included in the payment instructions. be clearly identified (rent, salary, medical expenses, office expenses, • Reason for Payment (SWIFT MT103 F70): Purpose of payment must etc.). be clearly identified (rent, salary, medical expenses, office expenses, Account # Ex 123 4567891234567 89 etc.). Country Code ME Structure ME2!n3!n13!n2!n Length 22!c Electronic Format Ex. ME98123456789123456789 Print Format Ex. ME98 1234 5678 9123 4567 89

• Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with branch identifier (where required), full name, and address of the beneficiary bank. – SWIFT BIC is 8 or 11 alphanumeric characters: xxxxMExx or xxxxMExxxxx. 2020 Global Payments Guide Last Updated: November 13, 2020 For the most up-to-date version, please visit jpmorgan.com/visit/guide | 49 Mozambique Myanmar Namibia MZN – MMK – Myanmar Kyat NAD –

Overview Overview Overview • Information provided by the Beneficiary: Remitter should obtain all • Information provided by the Beneficiary: Remitter should obtain all • Information provided by the Beneficiary: Remitter should obtain all required bank information from the Beneficiary (e.g. SWIFT BIC, required bank information from the Beneficiary (e.g. SWIFT BIC, required bank information from the Beneficiary (e.g. SWIFT BIC, account number, and beneficiary bank address). account number, and beneficiary bank address). account number, and beneficiary bank address). • Central Bank: For additional information, please refer to • Central Bank: For additional information, please refer to • Central Bank: For additional information, please refer to www.bancomoc.mz. https://www.cbm.gov.mm. www.bon.com.na. Country Requirements/Restrictions Payment Formatting Rules for MMK Payment Formatting Rules for NAD • Account Restrictions: Residents and non-residents may hold foreign • Ordering Customer (SWIFT MT103 F50): Include account number, full • Ordering Customer (SWIFT MT103 F50): Include account number, full currency accounts. name (no initials), and address of the ordering customer. Use of name (no initials), and address of the ordering customer. Use of Payment Formatting Rules for MZN initials can delay receipt of funds by the beneficiary. initials can delay receipt of funds by the beneficiary. • • • Ordering Customer (SWIFT MT103 F50): Include account number, full Beneficiary Customer (SWIFT MT103 F59): Include account number, Beneficiary Customer (SWIFT MT103 F59): Include account number name (no initials), and address of the ordering customer. Use of full name (no initials), street address and city of the beneficiary (8-13 digit only account number required), full name (no initials) and initials can delay receipt of funds by the beneficiary. customer. address of the beneficiary customer. Use of initials may delay receipt • • Beneficiary Customer (SWIFT MT103 F59): Include account number, Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with branch of funds by the beneficiary. • full name (no initials) and address of the beneficiary customer. Use of identifier (where required), full name, and address of the beneficiary Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with branch initials may delay receipt of funds by the beneficiary. bank. identifier (where required), full name, and address of the beneficiary – – Include the beneficiary’s 25-digit Número de Identificação SWIFT BIC is 8 or 11 alphanumeric characters: xxxxMMxx or bank. – Bancária or Bank Identification Number (NIB). The structure of the xxxxMMxxxxx. SWIFT BIC is 8 or 11 alphanumeric characters: xxxxNAxx or NIB number is MZ59 + 21 digits. • Reason for Payment (SWIFT MT103 F70): Purpose of payment must xxxxNAxxxxx. • • Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with branch be clearly identified (rent, salary, medical expenses, office expenses, Reason for Payment (SWIFT MT103 F70): Purpose of payment must identifier (where required), full name, and address of the exact etc.). Any information that is vague/incomplete may need further be clearly identified (rent, salary, medical expenses, office expenses, beneficiary bank location. clarification and result in payment delays. 4-digit ITRS code (purpose etc.). – SWIFT BIC is 8 or 11 alphanumeric characters: xxxxMZxx or of payment code) is mandatory for all MMK payments. It should begin Additional Information xxxxMZxxxxx. with the prefix ITRS followed by a space and then the 4-digit ITRS • Local regulatory reporting applies to all foreign currency payments. code. (e.g. ITRS XXXX). • Reason for Payment (SWIFT MT103 F70): Purpose of payment must • be clearly identified (rent, salary, medical expenses, office expenses, Please refer to the following link for ITRS codes. etc.). https://www.cbm.gov.mm/sites/default/files/pdf/itrs_codes- _revised_-_2.pdf. Additional Information • This is a zero decimal currency and therefore does not have cents

The following character representations and length indications are used: N Digits numeric characters c Upper and lowercase a Uppercase letter e Blank space | 49 alphanumeric characters alphabetic characters n Maximum length (A-Z, a-z, and 0-9) (A-Z only) nn! Fixed length

2020 Global Payments Guide Last Updated: November 13, 2020 For the most up-to-date version, please visit jpmorgan.com/visit/guide | 50 Nepal Netherlands Netherlands Antilles - Curacao NPR – Nepalese Rupee EUR – Euro ANG – Netherlands Antillean Guilder

Overview Overview Overview • Information provided by the Beneficiary: Remitter should obtain all • Information provided by the Beneficiary: Remitter should obtain all • Information provided by the Beneficiary: Remitter should obtain all required bank information from the Beneficiary (e.g. SWIFT BIC, required bank information from the Beneficiary (e.g. SWIFT BIC, required bank information from the Beneficiary (e.g. SWIFT BIC, account number, and beneficiary bank address). account number, and beneficiary bank address). account number, and beneficiary bank address). • Central Bank: For additional information, please refer to • Central Bank: For additional information, please refer to www.dnb.nl. • Central Bank: For additional information, please refer to www.nrb.org.np. Country Requirements/Restrictions www.centralbank.cw. Country Requirements/Restrictions • Account Restrictions: Residents and non-residents are permitted to Payment Formatting Rules for ANG • Payment Restrictions: Restrictions exist for most capital transactions. open and maintain domestic and foreign currency accounts both • Ordering Customer (SWIFT MT103 F50): Include account number, full Most payments and transfers are subject to prior approval by the locally and abroad. name (no initials), and address of the ordering customer. Use of government. • SEPA: Strict formatting standards and SEPA guidelines exist in initials can delay receipt of funds by the beneficiary. • Trade related payments are not supported (both imports and Europe regarding cross-border payments. IBAN and SWIFT BIC are • Beneficiary Customer (SWIFT MT103 F59): Include account number, exports). required for all euro payments. SEPA standards apply for euro full name (no initials) and complete address of the beneficiary • Account Restrictions: Residents may hold foreign currency accounts. payments to beneficiaries with accounts in the Netherlands. customer. Use of initials may delay receipt of funds by the Payment Formatting Rules for NPR Payment Formatting Rules for EUR beneficiary. • • Ordering Customer (SWIFT MT103 F50): Include account number, full • Ordering Customer (SWIFT MT103 F50): Include account number, full Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with branch name (no initials), and address of the ordering customer. Use of name (no initials), and address of the ordering customer. Use of identifier (where required), full name, and address of the beneficiary initials can delay receipt of funds by the beneficiary. initials can delay receipt of funds by the beneficiary. bank. – • Beneficiary Customer (SWIFT MT103 F59): Include account number, • Beneficiary Customer (SWIFT MT103 F59): Include account number SWIFT BIC is 8 or 11 alphanumeric characters: xxxxANxx or full name (no initials) and address of the beneficiary customer. Use (IBAN), full name (no initials), and address of the beneficiary xxxxANxxxxx. • of initials may delay receipt of funds by the beneficiary. customer. Use of initials may delay receipt of funds by the Reason for Payment (SWIFT MT103 F70): Purpose of payment must • Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with branch beneficiary. be clearly identified (rent, salary, medical expenses, office expenses, identifier (where required), full name, and address of the exact – IBAN numbers for beneficiaries with accounts in the etc.). location of beneficiary bank location. Netherlands must be included in the payment instructions. Additional Information – SWIFT BIC is 8 or 11 alphanumeric characters: xxxxNPxx or • ANG FX transactions can be delivered to banks licensed to operate xxxxNPxxxxx. Account # Ex 123 45 67 891 local currency accounts • Reason for Payment (SWIFT MT103 F70): Purpose of payment must Country Code NL • Payments to Bancaribe Curacao (CARACWCUXXX) are not permitted be clearly identified (rent, salary, medical expenses, office expenses, Structure NL2!n4!a10!n etc.). Length 18!c

Electronic Format Ex. NL98ABCD1234567891 Print Format Ex. NL98 ABCD 1234 5678 91

• Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with branch identifier (where required), full name, and address of the beneficiary bank. – SWIFT BIC is 8 or 11 alphanumeric characters: xxxxNLxx or xxxxNLxxxxx. Additional Information • Banks practice value dating.

2020 Global Payments Guide Last Updated: November 13, 2020 For the most up-to-date version, please visit jpmorgan.com/visit/guide | 51 New Zealand Nicaragua Niger NZD – New Zealand Dollar NIO – Nicaraguan Cordoba XOF – West African CFA Franc

Overview Overview Overview • Information provided by the Beneficiary: Remitter should obtain all • Information provided by the Beneficiary: Remitter should obtain all • Information provided by the Beneficiary: Remitter should obtain all required bank information from the Beneficiary (e.g. SWIFT BIC, required bank information from the Beneficiary (e.g. SWIFT BIC, required bank information from the Beneficiary (e.g. SWIFT BIC, account number, BSB number, and beneficiary bank address). account number, and beneficiary bank address). account number, and beneficiary bank address). • Central Bank: For additional information, please refer to • Central Bank: For additional information, please refer to Country Requirements/Restrictions www.rbnz.govt.nz. www.bcn.gob.ni. • Additional Documentation: Additional supporting documentation Payment Formatting Rules for NZD • No payments under 100.00 USD equivalent. may be required from the beneficiary. • • Ordering Customer (SWIFT MT103 F50): Include account number, full Payments to individuals under 300.00 USD equivalent can only be Payment Formatting Rules for XOF made if the beneficiary has an account at Banco Lafise. name (no initials), and address of the ordering customer. Use of • Ordering Customer (SWIFT MT103 F50): Include account number, full initials can delay receipt of funds by the beneficiary. Payment Formatting Rules for NIO name (no initials), and address of the ordering customer. Use of – Avoid P.O. Box numbers and include city, state, country and • Ordering Customer (SWIFT MT103 F50): Include account number, full initials can delay receipt of funds by the beneficiary. postal code for the ordering customer’s address. name (no initials), and address of the ordering customer. Use of • Beneficiary Customer (SWIFT MT103 F59): Include account number, – For payments out of New Zealand, BSB numbers must be initials can delay receipt of funds by the beneficiary. full name (no initials), address, and telephone number of the included in the ordering details. • Beneficiary Customer (SWIFT MT103 F59): Include account number, beneficiary customer. Use of initials may delay receipt of funds by the • Beneficiary Customer (SWIFT MT103 F59): Include account number, full name (no initials) and address of the beneficiary customer. Use of beneficiary. full name (no initials) and address of the beneficiary customer. Use of initials may delay receipt of funds by the beneficiary. – It is mandatory to format account numbers for beneficiaries initials or failure to provide full beneficiary customer details may – There are no specific beneficiary account number with accounts in Niger according to the below specifications. result in payment details. requirements in this country. – Account numbers should be 24 characters consisting of the – New Zealand dollar account numbers (16 digits) consist of a • Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with branch 5 character bank code (including the 2 character country code) + 5 6-digit BSB followed by a 7 digit account number then followed by a identifier (where required), full name, and address of the beneficiary character branch code + 12 digit account number + 2 digit Clé RIB. 3-digit suffix (e.g., 1234561234567123 OR bank. 12345612345678123). – SWIFT BIC is 8 or 11 alphanumeric characters: xxxxNIxx or Country Code NE – The BSB is a 6-digit Bank and Branch number where the first xxxxNIxxxxx. Length 24!c 2 digits specify the bank and the last 4 digits specify the branch. • Reason for Payment (SWIFT MT103 F70): Purpose of payment must – Avoid P.O. Box numbers and include city, state, country and be clearly identified (rent, salary, medical expenses, office expenses, postal code for the beneficiary customer’s address. etc.). • Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with branch • Beneficiary Bank (SWIFT MT103 F57): Include the Bank and Branch identifier (where required), full name, and address of the beneficiary (BSB) number and SWIFT BIC, full name, and address of the bank. beneficiary bank. – SWIFT BIC is 8 or 11 alphanumeric characters: xxxxNExx or – New Zealand banks are identified by a 6-digit Bank and xxxxNExxxxx. Branch number, often referred to as a BSB, where the first 2 digits • Reason for Payment (SWIFT MT103 F70): Purpose of payment must specify the bank and the last 4 digits specify the branch, (e.g. 11- be clearly identified (rent, salary, medical expenses, office expenses, 2908). For payments into New Zealand, BSB numbers must be etc.). included in the beneficiary details. Additional Information – SWIFT BIC is 8 or 11 alphanumeric characters: xxxxNZxx or • This country is a member of the Central Bank of West African States. xxxxNZxxxxx. • XOF is a zero decimal currency. Reason for Payment (SWIFT MT103 F70): Purpose of payment must be clearly identified (rent, salary, medical expenses, office expenses, etc.).

The following character representations and length indications are used: N Digits numeric characters c Upper and lowercase a Uppercase letter e Blank space | 51 alphanumeric characters alphabetic characters n Maximum length (A-Z, a-z, and 0-9) (A-Z only) nn! Fixed length

2020 Global Payments Guide Last Updated: November 13, 2020 For the most up-to-date version, please visit jpmorgan.com/visit/guide | 52 Nigeria Norway Norway NGN – NOK – Norwegian Krone Continued

Overview Overview • Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with branch • Information provided by the Beneficiary: Remitter should obtain all • Information provided by the Beneficiary: Remitter should obtain all identifier (where required), full name, and address of the beneficiary required bank information from the Beneficiary (e.g. SWIFT BIC, required bank information from the Beneficiary (e.g. SWIFT BIC, bank. account number, and beneficiary bank address). IBAN, and beneficiary bank address). – SWIFT BIC is 8 or 11 alphanumeric characters: xxxxNOxx or • Central Bank: For additional information, please refer to • Central Bank: For additional information, please refer to www.norges- xxxxNOxxxxx. https://www.cbn.gov.ng/. bank.no. • Reason for Payment (SWIFT MT103 F70): Purpose of payment must be clearly identified (rent, salary, medical expenses, office expenses, • Effective immediately, Payments to individuals from Country Requirements/Restrictions etc.). corporations/organizations are permitted again. However where • Currency & Clearing Information: Norway is adopting the payment

underlying remitter is an individual such payments are still not practices of the European Union (EU), although the country has not permitted.Payments between corporations/organizations continue adopted the Euro. Additional Information to be supported. • Account Requirements: Residents and non-residents are permitted • For category 2 message types with a Norwegian bank in Field 57A Payment Formatting Rules for NGN to open and maintain domestic or foreign currency accounts either and information in Field 72, the receiving bank will process the • Ordering Customer (SWIFT MT103 F50): Include account number, full locally or abroad. However, residents can’t convert their domestic payment as a straight-through without considering the Field 72 name (no initials), and address of the ordering customer. Use of currency into foreign currency. information. initials can delay receipt of funds by the beneficiary. • SEPA: Strict formatting standards and SEPA guidelines exist in • Shared charges may be applied for payments in the EEA, subject to • Beneficiary Customer (SWIFT MT103 F59): Include account number, Europe regarding cross-border payments. IBAN and SWIFT BIC are PSD2 regulations. This may result in deductions to the amount full name (no initials) address of the beneficiary customer. Use of required for all euro payments. SEPA standards apply for euro received by the beneficiary. initials may delay receipt of funds by the beneficiary. payments to beneficiaries with accounts in Norway. SEPA standards – Include the beneficiary’s 10-digit NUBAN account number. do not apply to Norwegian krone payments. • Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with branch Payment Formatting Rules for NOK identifier (where required), full name, and address of the beneficiary • Ordering Customer (SWIFT MT103 F50): Include account number, full bank. name (no initials), and address of the ordering customer. Use of – There are no specific bank clearing codes for this country for initials can delay receipt of funds by the beneficiary. cross-border payments. SWIFT BIC is key to routing payments to the • Beneficiary Customer (SWIFT MT103 F59): Include account number beneficiary bank. (IBAN), full name (no initials) and address of the beneficiary – SWIFT BIC is 8 or 11 alphanumeric characters: xxxxNGxx or customer. Use of initials may delay receipt of funds by the xxxxNGxxxxx. beneficiary. • Reason for Payment (SWIFT MT103 F70): Purpose of payment must – Use of IBAN numbers is highly recommended. IBAN is be clearly identified (rent, salary, medical expenses, office expenses, required for all EUR payments subject to SEPA standards. etc.). Account # Ex 1234 56 78912 Country Code NO Structure NO2!n4!n6!n1!n Length 15!c Electronic Format Ex. NO9812345678912 Print Format Ex. NO98 1234 5678 912 2020 Global Payments Guide Last Updated: November 13, 2020 For the most up-to-date version, please visit jpmorgan.com/visit/guide | 53 Oman Pakistan Pakistan OMR – Omani Rial PKR – Pakistani Rupee Continued

Overview Overview • Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with branch • Information provided by the Beneficiary: Remitter should obtain all • Information provided by the Beneficiary: Remitter should obtain all identifier (where required), full name, and address of the beneficiary required bank information from the Beneficiary (e.g. SWIFT BIC, required bank information from the Beneficiary (e.g. SWIFT BIC, bank. account number, and beneficiary bank address). IBAN, and beneficiary bank address). – SWIFT BIC is 8 or 11 alphanumeric characters: xxxxPKxx or • Central Bank: For additional information, please refer to www.cbo- • Central Bank: For additional information, please refer to xxxxPKxxxxx. oman.org. www.sbp.org.pk. – Full beneficiary bank name and address is required to avoid payment delays. Payment Formatting Rules for OMR Country Requirements/Restrictions • Reason for Payment (SWIFT MT103 F70): Purpose of payment must • Ordering Customer (SWIFT MT103 F50): Include account number, full • Additional Documentation: Additional supporting documentation be clearly identified (rent, salary, medical expenses, office expenses, name (no initials), and address of the ordering customer. Use of may be required from the beneficiary. The beneficiary needs to etc.). Purpose of payment of gift and donations are not permissible initials can delay receipt of funds by the beneficiary. complete the Inward Remittance form (Form R) outlining the reason for individual beneficiary. • Beneficiary Customer (SWIFT MT103 F59): Include account number, for payment. full name (no initials) and address (street address, city, country) of – The beneficiary’s bank must forward Form R to our Additional Information the beneficiary customer. Use of initials may delay receipt of funds by correspondent bank before the funds can be released. • FX payments to Pakistan in PKR crediting a non-resident account are the beneficiary. – It is recommended that the remitter notify the beneficiary not supported. • Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with branch about the payment in advance. • If the beneficiary banks with our onshore correspondent banks the identifier (where required), full name, and address of the beneficiary • Please note that if the beneficiary is registered locally as an NGO, transfer is typically completed within 2-3 business days. If the bank. INGO or NPO, they may be required to provide the Memorandum of beneficiary does not have an account with our correspondent banks, – SWIFT BIC is 8 or 11 alphanumeric characters: xxxxOMxx or Understanding (MOU) signed with Government of Pakistan and one all transfers will be effected via banker’s draft and can take up to 5 xxxxOMxxxxx. of the following documents to be submitted together with the Form R. business days to clear. • Reason for Payment (SWIFT MT103 F70): Purpose of payment must – Registration with Economic Affair Division (EAD) be clearly identified (rent, salary, medical expenses, office expenses, – Registration with Ministry of Interior (MOI) etc.). Payment Formatting Rules for PKR Additional Information • Ordering Customer (SWIFT MT103 F50): Include account number, full • The local market is closed on Fridays. name (no initials), and address of the ordering customer. Use of initials can delay receipt of funds by the beneficiary. Beneficiary Customer (SWIFT MT103 F59): Include account number (IBAN), full name (no initials) and address of the beneficiary customer. Use of initials may delay receipt of funds by the beneficiary. – IBAN numbers for beneficiaries with accounts in Pakistan must be included in the payment instructions.

Account # Ex 12345678912345 Country Code PK Structure PK2!n4!a16!c Length 24!c Electronic Format Ex. PK98ABCD7612345678912345 Print Format Ex. PK 98 ABCD 7612345678912345

The following character representations and length indications are used: N Digits numeric characters c Upper and lowercase a Uppercase letter e Blank space | 53 alphanumeric characters alphabetic characters n Maximum length (A-Z, a-z, and 0-9) (A-Z only) nn! Fixed length

2020 Global Payments Guide Last Updated: November 13, 2020 For the most up-to-date version, please visit jpmorgan.com/visit/guide | 54 Papua New Guinea Paraguay Peru PGK – Papua New Guinea Kina PYG – Paraguayan Guarani PEN – Peruvian Sol

Overview Overview Overview • Information provided by the Beneficiary: Remitter should obtain all • Information provided by the Beneficiary: Remitter should obtain all • Information provided by the Beneficiary: Remitter should obtain all required bank information from the Beneficiary (e.g. SWIFT BIC, required bank information from the Beneficiary (e.g. SWIFT BIC, required bank information from the Beneficiary (e.g. SWIFT BIC, CCI account number, and beneficiary bank address). account number, and beneficiary bank address). number, and beneficiary bank address). • Central Bank: For additional information, please refer to Payment Formatting Rules for PYG • Central Bank: For additional information, please refer to www.bankpng.gov.pg. • Ordering Customer (SWIFT MT103 F50): Include account number, full www.bcrp.gob.pe. Country Requirements/Restrictions name (no initials), and address of the ordering customer. Use of Payment Formatting Rules for PEN • Payment Restrictions: Foreign exchange is subject to restrictions. initials can delay receipt of funds by the beneficiary. • Ordering Customer (SWIFT MT103 F50): Include account number, full Payments can only be made to on-shore residents with an in country • Beneficiary Customer (SWIFT MT103 F59): Include account number, name (no initials), and address of the ordering customer. Use of presence. full name (no initials) and address, and tax ID of the beneficiary initials can delay receipt of funds by the beneficiary. • Additional Documentation: Additional supporting documentation customer. Use of initials may delay receipt of funds by the • Beneficiary Customer (SWIFT MT103 F59): Include account number, may be required from the beneficiary. beneficiary. full name (no initials) and address of the beneficiary customer. Use Payment Formatting Rules for PGK – Tax ID must be included to avoid payment delays or returns. of initials may delay receipt of funds by the beneficiary. – • Ordering Customer (SWIFT MT103 F50): Include account number, full For individuals, include the Cedula de Indentidad. For companies, If sending a MT101 or MT 103 where there is a beneficiary name (no initials), and address of the ordering customer. Use of include the RUC. customer included in field 59, you must include the 20-digit account • initials can delay receipt of funds by the beneficiary. Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with number (CCI - Código de Cuenta Interbancario). • • Beneficiary Customer (SWIFT MT103 F59): Include account number, branch identifier (where required), full name, and address of the Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with branch full name (no initials) and address of the beneficiary customer. Use of beneficiary bank. identifier (where required), full name, and address of the beneficiary – initials may delay receipt of funds by the beneficiary. SWIFT BIC is 8 or 11 alphanumeric characters: xxxxPYxx or bank. – • Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with branch xxxxPYxxxxx. If sending a MT202 where an intermediary bank is stated in • identifier (where required), full name, and address of the beneficiary Reason for Payment (SWIFT MT103 F70): Purpose of payment must field 56A, make sure field 57A includes the 20-digit CCI number of bank. be clearly identified (rent, salary, medical expenses, office expenses, the beneficiary’s account with the institution as well as the SWIFT – SWIFT BIC is 8 or 11 alphanumeric characters: xxxxPGxx or etc.). BIC. – xxxxPGxxxxx. Additional Information SWIFT BIC is 8 or 11 alphanumeric characters: xxxxPExx or • Reason for Payment (SWIFT MT103 F70): Purpose of payment must • PYG is a zero decimal currency. xxxxPExxxxx. • be clearly identified (rent, salary, medical expenses, office expenses, • Beneficiary tax ID (for companies): RUC will always start with the Reason for Payment (SWIFT MT103 F70): Tax ID and purpose of etc.). numbers 800 followed by 6 digits (Mandatory Field 70). payment must be clearly identified (rent, salary, medical expenses, office expenses, etc.). – In the first line of this field, please include the following: If the beneficiary is a corporate entity, include the 11-digit RUC (local tax ID) number. For residents, include the 8-digit DNI (Documento Nacional de Identidad). For foreigners living in Peru, include the Carnet de Extranjeria (Foreign Registration Card) number.

2020 Global Payments Guide Last Updated: November 13, 2020 For the most up-to-date version, please visit jpmorgan.com/visit/guide | 55 Philippines Philippines Poland PHP – Philippine Peso Continued PLN – Polish Zloty Overview • Reason for Payment (SWIFT MT103 F72): The purpose of payment is Overview • Information provided by the Beneficiary: Remitter should obtain all required to be reported for all incoming and outgoing cross-border • Information provided by the Beneficiary: Remitter should obtain all required bank information from the Beneficiary (e.g. SWIFT BIC, wire payments. Payments received without a specific purpose code required bank information from the Beneficiary (e.g. SWIFT BIC, account number, and beneficiary bank address). may be cancelled and returned to the remitter. Provide a purpose for IBAN, and beneficiary bank address). • Central Bank: For additional information, please refer to payment formatted as “/ACC/PURPOSE/XXXXXXXXXX” where • Central Bank: For additional information, please refer to www.nbp.pl. www.bsp.gov.ph. “XXXXXXXXXX” is the Purpose code. Acceptable transaction Purpose codes can be provided upon request. Country Requirements/Restrictions Country Requirements/Restrictions • Please use this link for reference: Currency & Clearing Information: Poland is a member of the • Payment Restrictions: PHP can only be converted in-country and European Union (EU) and is adopting the payment practices of the jpmorgan.com/visit/bsp-purpose-code-2020-update can’t be held offshore. European Union. However, the country has not adopted the Euro.

– Receipts in excess of PHP 500,000 or foreign currency • Payment Restrictions: All transactions between residents and non- Additional Information equivalent must be reported to the Anti-Money Laundering residents made on resident accounts held abroad must be reported Committee Due to heightened AML requirements in the Philippines, any to the National Bank of Poland if exceeding the equivalent of EUR transaction may be pulled up (particularly if the POP is unclear) and • Account Restrictions: Non-residents may hold domestic and foreign 12,500. placed on hold pending supporting documentation to be provided by currency accounts subject to certain conditions under the BSP • Account Restrictions: Residents and non-residents are permitted to the remitter, such as but not limited to: invoices, shipping manifests, Manual of Regulations on FX transactions. open and maintain domestic or foreign currency accounts either employment contracts for salary payments, etc. before a payment is • Additional Documentation: Additional supporting documentation locally or abroad. However, residents can’t convert their domestic cleared. may be required from the remitter and beneficiary. currency into foreign currency.

• SEPA: Strict formatting standards and SEPA guidelines exist in Payment Formatting Rules for PHP • Ordering Customer (SWIFT MT103 F50): For all transactions in and Europe regarding cross-border payments. IBAN and SWIFT BIC are out of the Philippines, including those paid through an intermediary required for all euro payments. SEPA standards apply for euro bank, include account number, full name (no initials), and address of payments to beneficiaries with accounts in Poland. SEPA standards the ordering customer. Failure to provide full ordering customer do not apply for Polish zloty payments. details may result in payment delays. Payment Formatting Rules for PLN – Avoid P.O. Box numbers and include street address, city, • Ordering Customer (SWIFT MT103 F50): Include account number, full state, country and postal code for the ordering customer’s address. name (no initials), and address of the ordering customer. Use of • Beneficiary Customer (SWIFT MT103 F59): For all transactions in and initials can delay receipt of funds by the beneficiary. out of the Philippines, including those paid through an intermediary • Beneficiary Customer (SWIFT MT103 F59): Include account number bank, include account number, full name (no initials) and address of (IBAN), full name (no initials) and address of the beneficiary the beneficiary customer. Failure to provide full beneficiary customer customer. Use of initials may delay receipt of funds by the details may result in delays or returns. beneficiary. – Avoid P.O. Box numbers and include street address, city, – Use of IBAN numbers is highly recommended. If IBAN is not state, country and postal code for the beneficiary customer’s provided, there is a high risk the payment will be returned. IBAN is address. required for all EUR payments subject to SEPA standards. • Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with branch identifier (where required), full name, and address of the beneficiary (Continued on next page) bank. – SWIFT BIC is 8 or 11 alphanumeric characters: xxxxPHxx or xxxxPHxxxxx.

The following character representations and length indications are used: N Digits numeric characters c Upper and lowercase a Uppercase letter e Blank space | 55 alphanumeric characters alphabetic characters n Maximum length (A-Z, a-z, and 0-9) (A-Z only) nn! Fixed length

2020 Global Payments Guide Last Updated: November 13, 2020 For the most up-to-date version, please visit jpmorgan.com/visit/guide | 56 Poland Portugal Qatar Continued EUR – Euro QAR – Qatari Riyal

Overview Overview Account # Ex 12 3456 7891 2345 6789 1234 5678 • Information provided by the Beneficiary: Remitter should obtain all • Information provided by the Beneficiary: Remitter should obtain all Country Code PL required bank information from the Beneficiary (e.g. SWIFT BIC, required bank information from the Beneficiary (e.g. SWIFT BIC, Structure 8!n16!n IBAN, and beneficiary bank address). IBAN, and beneficiary bank address). Length 28!c • Central Bank: For additional information, please refer to Payment Formatting Rules for QAR www.bportugal.pt. Electronic Format Ex. PL12345678912345678912345678 • Ordering Customer (SWIFT MT103 F50): Include account number, full Country Requirements/Restrictions Print Format Ex. PL12 3456 7891 2345 6789 1234 5678 name (no initials), and address of the ordering customer. Use of • Payment Restrictions: No restrictions on payment amount. initials can delay receipt of funds by the beneficiary.

– All transactions between residents and non-residents above • Beneficiary Customer (SWIFT MT103 F59): Include account number, • Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with branch EUR 12,500 must be reported to the Banco de Portugal. full name (no initials) and address (street address, city, country) of identifier (where required), full name, and address of the beneficiary – Payments made to and from accounts held by residents the beneficiary customer. Use of initials may delay receipt of funds by bank. abroad must be reported to the Banco de Portugal. the beneficiary. – SWIFT BIC is 8 or 11 alphanumeric characters: xxxxPLxx or • Account Restrictions: Residents and non-residents are permitted to – IBAN numbers for beneficiaries with accounts in Qatar must xxxxPLxxxxx. open and maintain domestic or foreign currency accounts either be included in the payment instructions. • Reason for Payment (SWIFT MT103 F70): Purpose of payment must locally or abroad. be clearly identified (rent, salary, medical expenses, office expenses, Account # Ex 12345678912345ABCDEFG • SEPA: Strict formatting standards and SEPA guidelines exist in etc.). Europe regarding cross-border payments. IBAN and SWIFT BIC are Country Code QA Tax Payments must include additional... required for all euro payments. SEPA standards apply for euro Structure QA2!n4!a21!c NIP (Numer Identyfikacji Podatkowej) or REGON Rejestr Gospodarki payments to beneficiaries with accounts in Portugal. Length 29!c Narodowej (Register of the National Economy) Payment Formatting Rules for EUR Electronic Format Ex. QA98ABCD12345678912345ABCDEFG -Period of time the payment is for • Ordering Customer (SWIFT MT103 F50): Include account number, full Print Format Ex. QA98 ABCD 1234 5678 9123 45AB CDEF G -Kind of tax being paid name (no initials), and address of the ordering customer. Use of

initials can delay receipt of funds by the beneficiary. • Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with branch

• Beneficiary Customer (SWIFT MT103 F59): Include account number identifier (where required), full name, and address of the beneficiary (IBAN), full name (no initials), and address of the beneficiary bank. customer. Use of initials may delay receipt of funds by the – There are no specific bank clearing codes in this country for beneficiary. cross-border payments. SWIFT BIC is key to routing payments to the – IBAN numbers for beneficiaries with accounts in Portugal beneficiary bank. must be included in the payment instructions. – SWIFT BIC is 8 or 11 alphanumeric characters: xxxxQAxx or xxxxQAxxxxx. Account # Ex 1234.5678.91234567891.23 • Reason for Payment (SWIFT MT103 F70): Purpose of payment must Country Code PT be clearly identified (rent, salary, medical expenses, office expenses, Structure 4!n4!n11!n2!n etc.). Length 25!c Additional Information • Electronic Format Ex. PT98123456789123456789123 The local market is closed on Fridays. Print Format Ex. PT98 1234 5678 9123 4567 8912 3 • Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with branch identifier (where required), full name, and address of the beneficiary bank. – SWIFT BIC is 8 or 11 alphanumeric characters: xxxxPTxx or xxxxPTxxxxx. 2020 Global Payments Guide Last Updated: November 13, 2020 For the most up-to-date version, please visit jpmorgan.com/visit/guide | 57 Romania Romania XAF – Central African CFA Franc RON – Romanian Leu Continued

Overview Overview • Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with branch • Information provided by the Beneficiary: Remitter should obtain all • Information provided by the Beneficiary: Remitter should obtain all identifier (where required), full name, and address of the beneficiary required bank information from the Beneficiary (e.g. SWIFT BIC, required bank information from the Beneficiary (e.g. SWIFT BIC, bank. account number, and beneficiary bank address). IBAN, and beneficiary bank address). – SWIFT BIC is 8 or 11 alphanumeric characters: xxxxROxx or xxxxROxxxxx. Country Requirements/Restrictions Country Requirements/Restrictions • Reason for Payment (SWIFT MT103 F70): Purpose of payment must • Additional Documentation: Additional supporting documentation • Currency & Clearing Information: Romania is a member of the be clearly identified (rent, salary, medical expenses, office expenses, may be required from the beneficiary. European Union (EU) and is adopting the payment practices of the etc.). Payment Formatting Rules for XAF European Union. However, it has not adopted the Euro. • Additional Information • Ordering Customer (SWIFT MT103 F50): Include account number, full SEPA: Strict formatting standards and SEPA guidelines exist in • Customer transfers will be executed in accordance with the banking name (no initials), and address of the ordering customer. Use of Europe regarding cross-border payments. IBAN and SWIFT BIC are practices of the receiving bank and within four days after receipt of initials can delay receipt of funds by the beneficiary. required for all euro payments. SEPA standards apply for euro the instructions. • Beneficiary Customer (SWIFT MT103 F59): Include account number, payments to beneficiaries with accounts in Romania.

full name (no initials) and address, and telephone number of the Payment Formatting Rules for RON beneficiary customer. Use of initials may delay receipt of funds by the • Ordering Customer (SWIFT MT103 F50): Include account number, full beneficiary. name (no initials), and address of the ordering customer. Use of – Account numbers should be 23 digits. The RIB code consists initials can delay receipt of funds . of the 5 digit bank code + 5 digit branch code + 11 digit account • Beneficiary Customer (SWIFT MT103 F59): Include account number number + 2 digit key. (IBAN), full name (no initials) and address of the beneficiary • Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with branch customer. Use of initials may delay receipt of funds by the identifier, full name, and address of the beneficiary bank. beneficiary. – SWIFT BIC is 8 or 11 alphanumeric characters: xxxxCGxx or – IBAN numbers for beneficiaries with accounts in Romania xxxxCGxxxxx. must be included in the payment instructions. • Reason for Payment (SWIFT MT103 F70): Purpose of payment must be clearly identified (rent, salary, medical expenses, office expenses, Account # Ex RO98 ABCD 7E65 4321 9876 5432 etc.). Country Code RO Additional Information Structure 4!a16!c • This country is a member of the Bank of Central African States. Length 24!c • XAF is a zero decimal currency. Electronic Format Ex. RO98ABCD7E65432198765432 Print Format Ex. RO98 ABCD 7E65 4321 9876 5432

– If the final beneficiary is TREZROBU (Ministry of Public

Finance), the NIF tax code is required.

The following character representations and length indications are used: N Digits numeric characters c Upper and lowercase a Uppercase letter e Blank space | 57 alphanumeric characters alphabetic characters n Maximum length (A-Z, a-z, and 0-9) (A-Z only) nn! Fixed length

2020 Global Payments Guide Last Updated: November 13, 2020 For the most up-to-date version, please visit jpmorgan.com/visit/guide | 58 Russia Russia Russia RUB – Russian Ruble Continued Continued

Overview • Beneficiary Customer (SWIFT MT103 Field 59): Include the • Intermediary Bank (SWIFT MT103 Field 56): If an intermediary is • Information provided by the Beneficiary: Remitter should obtain all beneficiary’s 20-digit account number, full name, address, and being used, include the bank’s SWIFT BIC in SWIFT MT103 F56A. required bank information from the Beneficiary (e.g. SWIFT BIC, individual tax payer number (INN). – If the intermediary does not have a SWIFT BIC or if the BIC is account number, and beneficiary bank address). not available to you, include the intermediary bank’s BIK, name and • Central Bank: For additional information, please refer to www.cbr.ru. Line 1: Account Number (20 digits) 20-digit account number. • Reason for Payment (SWIFT MT103 Field 70): Purpose of payment Regulatory Requirements/Restrictions Line 2-3: Remitter Name must be clearly identified. • Currency & Clearing Information: The Central Bank of Russia Line 4: City, Country – The field must always start with VO and the numeric code of coordinates payments and settlements between 70+ regional Line 5: INN Code the transaction. The VO code is the operation code relating to the centers. Payments are currently sent by batch multiple times daily. purpose of the payment. This should be followed by the key – All batch processed payments in the same region are – If there is only one beneficiary bank (Russian bank) and details/description of the payment (e.g. contract references). typically settled by the Central Bank of Russia on a same day basis. beneficiary, include the beneficiary customer’s 20-digit account – Include accurate and clear purpose of payment, date of Payments to different regions may take up to three business days. number in this field. If an intermediary is used, the 20-digit account invoice agreement, and NDS (VAT) amount, where applicable. If VAT – Effective January 1, 2017, all payments in Russian ruble number of the beneficiary bank should be included in SWIFT MT103 is included, the amount is needed. If VAT is not to be paid, include ("RUB") exceeding RUB 100mm need to be routed via the real time F57. “NO VAT.” gross settlement ("RTGS") clearing system called Banking Electronic – First name, family name, and patronymic name must be – Example: VO60070 FX trade dated 10/20/09 contract ref: Speed Payment System (BESP) included. Use of initials can delay receipt of funds by the beneficiary. AF12123. The latest list of VO codes can be provided upon request. • Payment Restrictions: There are no restrictions on the types of Companies must include full name as well as legal ownership (e.g. • Details of Charges (SWIFT MT103 Field 71A): It is best practice to payments allowed. LLC, JSC). make RUB payments with charge indicator “OUR.” – The beneficiary may need to open a passport at the local – INN is the taxpayer’s identification code assigned by the Additional Information beneficiary bank for a payment for goods and services or loan Russian Tax authority. The length of this code varies based on the • Back value is prohibited on RUB payments. exceeding USD 5,000. type of beneficiary. If the beneficiary is an individual, this field is • Account Restrictions: Residents and non-residents are permitted to optional and consists of 12 digits. If the beneficiary is a Russian legal open and maintain domestic and foreign currency accounts either entity, this field is mandatory and consists of 10 digits. If the locally or abroad. Residents must notify the tax authorities of any beneficiary is a foreign legal entity, this field is mandatory and foreign-maintained accounts. consists of 5 digits or 10 digits, depending on whether or not the • Additional Documentation: Cross-border payments are settled via foreign legal entity conducts business in Russia. correspondent bank accounts and often require supporting – If the payment is a tax payment, then the reason code KPP documentation. The Russian correspondent bank must receive all should be included in SWIFT MT103 F59. documentation before it releases the payment to the beneficiary – SWIFT MT103 F70 may be used for the telephone number. bank. • Beneficiary Bank (SWIFT MT103 Field 57): Include the BIK, 20-digit Payment Formatting Rules for RUB account number, and SWIFT BIC of the beneficiary bank. • Payment instructions must include a wide array of country-specific – BIK, formerly known as MFO, is a nine-digit number that the information in addition to standard remittance information. Please Central Bank of Russia gives to all Russian banks. The last three be aware that your RUB payment may be cancelled if you fail to digits are the same as the correspondent account of the bank with include this information in your payment instructions. the Central Bank of Russia. The format for the nine-digit BIK and • Ordering Customer (SWIFT MT103 Field 50): Include account twenty-digit account number should read: /RUXXXXXXXXX number, full name (no initials) and address of the ordering customer. XXXXXXXXXXXXXXXXXXXX. Use of initials can delay receipt of funds by the beneficiary. – If there is an intermediary bank in SWIFT MT103 F56A, make sure F57A includes the 20 digit account number of the beneficiary bank as well as the SWIFT BIC. – SWIFT BIC is 8 or 11 alphanumeric characters: xxxxRUxx or xxxxRUxxxxx. 2020 Global Payments Guide Last Updated: November 13, 2020 For the most up-to-date version, please visit jpmorgan.com/visit/guide | 59 Rwanda Saint Kitts and Nevis Saint Lucia RWF – XCD – East Caribbean Dollar XCD – East Caribbean Dollar

Overview Overview Overview • Restricted Currency: Please refer to the Introduction to this guide for • Information provided by the Beneficiary: Remitter should obtain all • Information provided by the Beneficiary: Remitter should obtain all further details. Restricted currency payments must include all required bank information from the Beneficiary (e.g. SWIFT BIC, required bank information from the Beneficiary (e.g. SWIFT BIC, required information or they will be canceled. account number, and beneficiary bank address). account number, and beneficiary bank address). • Information provided by the Beneficiary: Remitter should obtain all • Central Bank: For additional information, please refer to www.eccb- • Central Bank: For additional information, please refer to www.eccb- required bank information from the Beneficiary (e.g. SWIFT BIC, centralbank.org. centralbank.org. account number, and beneficiary bank address). Payment Formatting Rules for XCD Payment Formatting Rules for XCD • Central Bank: For additional information, please refer to www.bnr.rw. • Ordering Customer (SWIFT MT103 F50): Include account number, full • Ordering Customer (SWIFT MT103 F50): Include account number, full Country Requirements/Restrictions name (no initials), and address of the ordering customer. Use of name (no initials), and address of the ordering customer. Use of • Additional Documentation: A copy of the beneficiary’s identity card initials can delay receipt of funds by the beneficiary. initials can delay receipt of funds by the beneficiary. may be needed for final credit to the account. • Beneficiary Customer (SWIFT MT103 F59): Include account number, • Beneficiary Customer (SWIFT MT103 F59): Include account number Payment Formatting Rules for RWF full name (no initials) and address of the beneficiary customer. Use (IBAN), full name (no initials) and address of the beneficiary • Ordering Customer (SWIFT MT103 F50): Include account number, full of initials may delay receipt of funds by the beneficiary. customer. Use of initials may delay receipt of funds by the • name (no initials), and address of the ordering customer. Use of Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with beneficiary. – initials can delay receipt of funds by the beneficiary. branch identifier (where required), full name, and address of the IBAN numbers for beneficiaries with accounts in Saint Lucia • Beneficiary Customer (SWIFT MT103 F59): Include account number, beneficiary bank. must be included in the payment instructions. – full name (no initials) and address of the beneficiary customer. Use of SWIFT BIC is 8 or 11 alphanumeric characters: xxxxKNxx or Account # Ex 0001 0001 0012 0012 0002 3015 initials may delay receipt of funds by the beneficiary. xxxxKNxxxxx. Country Code LC • • Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with branch Reason for Payment (SWIFT MT103 F70): Purpose of payment must Structure LC2!n4!a24!n be clearly identified (rent, salary, medical expenses, office expenses, identifier (where required), full name, and address of the beneficiary Length 32!c etc.). bank. Electronic Format Ex. – SWIFT BIC is 8 or 11 alphanumeric characters: xxxxRWxx or LC62HEMM00010001001200120002301 xxxxRWxxxxx. 5 • Reason for Payment (SWIFT MT103 F70): Purpose of payment must Print Format Ex. LC62 HEMM 0001 0001 0012 0012 0002 be clearly identified (rent, salary, medical expenses, office expenses, 3015 etc.). s • Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with Additional Information branch identifier (where required), full name, and address of the • RWF is a zero decimal currency. beneficiary bank. – SWIFT BIC is 8 or 11 alphanumeric characters: xxxxLCxx or xxxxLCxxxxx. • Reason for Payment (SWIFT MT103 F70): Purpose of payment must be clearly identified (rent, salary, medical expenses, office expenses, etc.).

The following character representations and length indications are used: N Digits numeric characters c Upper and lowercase a Uppercase letter e Blank space | 59 alphanumeric characters alphabetic characters n Maximum length (A-Z, a-z, and 0-9) (A-Z only) nn! Fixed length

2020 Global Payments Guide Last Updated: November 13, 2020 For the most up-to-date version, please visit jpmorgan.com/visit/guide | 60 Saint Vincent and the Grenadine Samoa San Marino XCD – East Caribbean Dollar WST – Samoan Tala EUR – Euro

Overview Overview Overview • Information provided by the Beneficiary: Remitter should obtain all • Information provided by the Beneficiary: Remitter should obtain all • Information provided by the Beneficiary: Remitter should obtain all required bank information from the Beneficiary (e.g. SWIFT BIC, required bank information from the Beneficiary (e.g. SWIFT BIC, required bank information from the Beneficiary (e.g. SWIFT BIC, account number, and beneficiary bank address). account number, and beneficiary bank address). account number, and beneficiary bank address). • Central Bank: For additional information, please refer to www.eccb- • Central Bank: For additional information, please refer to Country Requirements/Restrictions centralbank.org. www.cbs.gov.ws. • SEPA: Strict formatting standards and SEPA guidelines exist in Payment Formatting Rules for XCD Country Requirements/Restrictions Europe regarding cross-border payments. IBAN and SWIFT BIC are • Ordering Customer (SWIFT MT103 F50): Include account number, full • Account Restrictions: Individuals and firms may maintain a foreign required for all euro payments. SEPA standards apply for euro name (no initials), and address of the ordering customer. Use of exchange account. payments to beneficiaries with accounts in San Marino. initials can delay receipt of funds by the beneficiary. • The beneficiary must be an onshore resident. Payment Formatting Rules for EUR • Beneficiary Customer (SWIFT MT103 F59): Include account number, • must be registered with the central bank. • Ordering Customer (SWIFT MT103 F50): Include account number, full full name (no initials) and address of the beneficiary customer. Use Payment Formatting Rules for WST name (no initials), and address of the ordering customer. Use of of initials may delay receipt of funds by the beneficiary. • Ordering Customer (SWIFT MT103 F50): Include account number, full initials can delay receipt of funds by the beneficiary. • Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with name (no initials), and address of the ordering customer. Use of • Beneficiary Customer (SWIFT MT103 F59): Include account number branch identifier (where required), full name, and address of the initials can delay receipt of funds by the beneficiary. (IBAN), full name (no initials), and address of the beneficiary beneficiary bank. • Beneficiary Customer (SWIFT MT103 F59): Include account number, customer. Use of initials may delay receipt of funds by the – SWIFT BIC is 8 or 11 alphanumeric characters: xxxxVCxx or full name (no initials)and address of the beneficiary customer. Use of beneficiary. xxxxVCxxxxx. initials may delay receipt of funds by the beneficiary. – IBAN numbers for beneficiaries with accounts in San Marino • Reason for Payment (SWIFT MT103 F70): Purpose of payment must • Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with branch must be included in the payment instructions. be clearly identified (rent, salary, medical expenses, office expenses, identifier (where required), full name, and address of the beneficiary etc.). bank. Account # Ex SM12 A345 6789 1234 5678 9123 456 – SWIFT BIC is 8 or 11 alphanumeric characters: xxxxWSxx or Country Code SM xxxxWSxxxxx. Structure SM2!n1!a5!n5!n12!c • Reason for Payment (SWIFT MT103 F70): Purpose of payment must Length 27!c be clearly identified (rent, salary, medical expenses, office expenses, Electronic Format Ex. SM12A3456789123456789123456 etc.). Print Format Ex. SM12 A345 6789 1234 5678 9123 456

• Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with branch identifier (where required), full name, and address of the beneficiary bank. – SWIFT BIC is 8 or 11 alphanumeric characters: xxxxSMxx or xxxxSMxxxxx. 2020 Global Payments Guide Last Updated: November 13, 2020 For the most up-to-date version, please visit jpmorgan.com/visit/guide | 61 São Tomé and Príncipe Saudi Arabia Saudi Arabia Continued STN – São Tomé and Príncipe Dobra SAR – Saudi Arabian Riyal • Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with branch Overview Overview identifier (where required), full name, and address of the beneficiary • Information provided by the Beneficiary: Remitter should obtain all • Information provided by the Beneficiary: Remitter should obtain all bank. required bank information from the Beneficiary (e.g. SWIFT BIC, required bank information from the Beneficiary (e.g. SWIFT BIC, – SWIFT BIC is 8 or 11 alphanumeric characters: xxxxSAxx or account number, and beneficiary bank address). IBAN, and beneficiary bank address). xxxxSAxxxxx. • Country Requirements/Restrictions Central Bank: For additional information, please refer to – In sending a payment message to Saudi Arabian Monetary • Payment Restrictions: Foreign exchange and capital transactions are www.sama.gov.sa. Agency (SAMA), the sending participant must ensure that the correct subject to some restrictions, approvals, and controls. Country Requirements/Restrictions transaction and branch codes are quoted in account number line of Payment Formatting Rules for STN • Currency and Clearing Information: Saudi Arabia has a Real Time Field 57 (account with institution) for the appropriate branch within • Ordering Customer (SWIFT MT103 F50): Include account number, full Gross Settlement system, Saudi Arabian Riyal Interbank Express SAMA to which the payment is addressed. name (no initials), and address of the ordering customer. Use of (SARIE), that handles high- and low-value transfers in signal- or bulk- • Reason for Payment (SWIFT MT103 F70): Purpose of payment is initials can delay receipt of funds by the beneficiary. payment messages. Bulk messages can contain up to 2,000 mandatory and must be clearly identified (rent, salary, medical • Beneficiary Customer (SWIFT MT103 F59): Include account number individual transfers. expenses, office expenses, etc.). (IBAN), full name (no initials), and address of the beneficiary Payment Formatting Rules for SAR Additional Information customer. Use of initials may delay receipt of funds by the • Ordering Customer (SWIFT MT103 F50): Include account number, full • The local market is closed on Fridays. beneficiary. name (no initials), and full address of the ordering customer. Use of • P2P payments are not permitted. – IBAN numbers for beneficiaries with accounts in São Tomé initials can delay receipt of funds by the beneficiary. and Príncipe must be included in the payment instructions. – Account number, full name and address of the ordering Account # Ex 00518453101 customer must be included to avoid delays and returns. Country Code ST • Beneficiary Customer (SWIFT MT103 F59): Include account number Structure 8!n11!n2!n! (IBAN), full name (no initials), address (street address, city, country), and identification number of the beneficiary customer. Use of initials Length 25!c may delay receipt of funds by the beneficiary. Electronic Format Ex. ST68000100010051845310112 – IBAN numbers for beneficiaries with accounts in Saudi Print Format Ex. ST68 0001 0001 0051 8453 1011 2 Arabia must be included in the payment instructions. • Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with branch identifier (where required), full name, and address of the beneficiary Account # Ex 123456789123 bank. Country Code SA – SWIFT BIC is 8 or 11 alphanumeric characters: xxxxSTxx or Structure SA2!n2!n18!c xxxxSTxxxxx. Length 24!c • Reason for Payment (SWIFT MT103 F70): Purpose of payment must Electronic Format Ex. SA9876543219123456789123 be clearly identified (rent, salary, medical expenses, office expenses, etc.). Print Format Ex. SA98 7654 3219 1234 5678 9123 Additional Information The ISO code changed on January 1, 2018 from STD to STN. – Payments to individuals must include the beneficiary’s national identification/residence permit number. For corporations, include the tax ID or business identification number.

The following character representations and length indications are used: N Digits numeric characters c Upper and lowercase a Uppercase letter e Blank space | 61 alphanumeric characters alphabetic characters n Maximum length (A-Z, a-z, and 0-9) (A-Z only) nn! Fixed length

2020 Global Payments Guide Last Updated: November 13, 2020 For the most up-to-date version, please visit jpmorgan.com/visit/guide | 62 Senegal Serbia Seychelles XOF – West African CFA Franc RSD – Serbian Dinar SCR –

Overview Overview Overview • Information provided by the Beneficiary: Remitter should obtain all • Information provided by the Beneficiary: Remitter should obtain all • Information provided by the Beneficiary: Remitter should obtain all required bank information from the Beneficiary (e.g. SWIFT BIC, required bank information from the Beneficiary (e.g. SWIFT BIC, required bank information from the Beneficiary (e.g. SWIFT BIC, account number, and beneficiary bank address). IBAN, and beneficiary bank address). account number, and beneficiary bank address). Country Requirements/Restrictions • Central Bank: For additional information, please refer to www.nbs.rs. • Central Bank: For additional information, please refer to www.cbs.sc. • Additional Documentation: Additional supporting documentation Country Requirements/Restrictions • Payment instructions are required 48 hours before value date. may be required from the beneficiary. • SEPA: Strict formatting standards and SEPA guidelines exist in Payment Formatting Rules for SCR Payment Formatting Rules for XOF Europe regarding cross-border payments. IBAN and SWIFT BIC are • Ordering Customer (SWIFT MT103 F50): Include account number, full • Ordering Customer (SWIFT MT103 F50): Include account number, full required for all euro payments. SEPA standards apply for euro name (no initials), and address of the ordering customer. Use of name (no initials), and address of the ordering customer. Use of payments to beneficiaries with accounts in Serbia. SEPA standards initials can delay receipt of funds by the beneficiary. initials can delay receipt of funds by the beneficiary. do not apply for Serbian dinar payments. • Beneficiary Customer (SWIFT MT103 F59): Include account number • Beneficiary Customer (SWIFT MT103 F59): Include account number, Payment Formatting Rules for RSD (IBAN), full name (no initials) and address of the beneficiary full name (no initials), address, and telephone number of the • Ordering Customer (SWIFT MT103 F50): Include account number, full customer. Use of initials may delay receipt of funds by the beneficiary customer. Use of initials may delay receipt of funds by the name (no initials), and address of the ordering customer. Use of beneficiary. beneficiary. initials can delay receipt of funds by the beneficiary. – Effective October 2016, Seychelles will require an IBAN for – It is mandatory to format account numbers for beneficiaries • Beneficiary Customer (SWIFT MT103 F59): Include account number SCR accounts. with accounts in Senegal according to the below specifications. (IBAN), full name (no initials) and address of the beneficiary – Account numbers should be 24 characters consisting of the customer. Use of initials may delay receipt of funds by the Account # Ex 1234567891234567 5 character bank code (including the 2 character country code) + 5 beneficiary. Country Code SC character branch code + 12 digit account number + 2 digit Clé RIB – IBAN numbers for beneficiaries with accounts in Serbia must Structure SC2!n4a!2n!2n!16n!3a! be included in the payment instruction. Length 27!c Country Code SN Electronic Format Ex. SC12SSCB98761234567891234567USD Account # Ex 123-4567891234567-89 Length 24!c Print Format Ex. SC12 SSCB9876 1234 5678 9123 4567 USD Country Code RS

Structure RS2!n3!n13!n2!n • Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with branch • Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with branch identifier (where required), full name, and address of the beneficiary Length 22!c identifier, full name, and address of the exact location of the bank. Electronic Format Ex. RS98123456789123456789 beneficiary bank. – SWIFT BIC is 8 or 11 alphanumeric characters: xxxxSNxx or Print Format Ex. RS98 1234 5678 9123 4567 89 – SWIFT BIC is 8 or 11 alphanumeric characters: xxxxSCxx or xxxxSNxxxxx. xxxxSCxxxxx. • Reason for Payment (SWIFT MT103 F70): Purpose of payment must – • Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with branch The exact location of the branch must be provided to avoid be clearly identified (rent, salary, medical expenses, office expenses, identifier (where required), full name, and address of the beneficiary payment delays. etc.). • bank. Reason for Payment (SWIFT MT103 F70): Purpose of payment must Additional Information – SWIFT BIC is 8 or 11 alphanumeric characters: xxxxRSxx or be clearly identified (rent, salary, medical expenses, office expenses, • This country is a member of the Central Bank of West African States. xxxxRSxxxxx. etc.). • XOF is a zero decimal currency. • Reason for Payment (SWIFT MT103 F70): Purpose of payment must be clearly identified (rent, salary, medical expenses, office expenses, etc.). 2020 Global Payments Guide Last Updated: November 13, 2020 For the most up-to-date version, please visit jpmorgan.com/visit/guide | 63 Sierra Leone Singapore Slovakia SLL – Serra Leonean Leone SGD – Singapore Dollar EUR – Euro

Overview Overview Overview • Information provided by the Beneficiary: Remitter should obtain all • Information provided by the Beneficiary: Remitter should obtain all • Information provided by the Beneficiary: Remitter should obtain all required bank information from the Beneficiary (e.g. SWIFT BIC, required bank information from the Beneficiary (e.g. SWIFT BIC, required bank information from the Beneficiary (e.g. SWIFT BIC, account number, and beneficiary bank address). account number, and beneficiary bank address). IBAN, and beneficiary bank address). • Central Bank: For additional information, please refer to • Central Bank: For additional information, please refer to Country Requirements/Restrictions www.bsl.gov.sl. www.mas.gov.sg. • Currency & Clearing Information: Currently, domestic clearing is a Country Requirements/Restrictions Country Requirements/Restrictions non-SWIFT-based utility that is fully automated with real-time • Payment Restrictions: Direct investment abroad by residents is • Payment Restrictions: The Monetary Authority of Singapore (MAS) is processing capabilities. Inherited from the former Czechoslovakia, prohibited. Foreign exchange and capital transactions have some liberalizing the banking sector and encouraging greater non-resident the local clearing systems are based on the same principles and use restrictions and certain approval requirements. participation in the Singapore dollar capital market. Transactions can similar methods for processing (the only differences are due to legal • Account Restrictions: Residents and non-residents may hold foreign be freely remitted and received, and currency can be exchanged requirements for payments in both countries). exchange accounts, subject to some restrictions. without prior approval or provision of additional documentation to • Payment Restrictions: All transactions between residents and non- Payment Formatting Rules for SLL the central bank. residents above EUR 12,000 must be reported to the National Bank – of Slovakia. Payments made to and from accounts held by residents • Ordering Customer (SWIFT MT103 F50): Include account number, full No central bank reporting required for resident transactions. • abroad must also be reported. name (no initials), and address of the ordering customer. Use of Account Restrictions: Both residents and non-residents are allowed • initials can delay receipt of funds by the beneficiary. to open SGD and foreign currency accounts in Singapore. Account Restrictions: Residents and non-residents are permitted to – open and maintain domestic or foreign currency accounts either • Beneficiary Customer (SWIFT MT103 F59): Include account number, Residents can maintain non-SGD accounts outside locally or aboard. full name (no initials) and address of the beneficiary customer. Use Singapore without restriction. • of initials may delay receipt of funds by the beneficiary. – Non-residents are allowed to hold SGD outside of Singapore. SEPA: Strict formatting standards and SEPA guidelines exist in Europe regarding cross-border payments. IBAN and SWIFT BIC are • Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with branch Payment Formatting Rules for SGD required for all euro payments. SEPA standards apply for euro identifier, full name, and address of the exact location of the • Ordering Customer (SWIFT MT103 F50): Include account number, full payments to beneficiaries with accounts in Slovakia. beneficiary bank. name (no initials), and registered or place of business address of the – SWIFT BIC is 8 or 11 alphanumeric characters: xxxxSLxx or ordering customer. Use of initials can delay receipt of funds by the Payment Formatting Rules for EUR xxxxSLxxxxx. beneficiary. • Ordering Customer (SWIFT MT103 F50): Include account number, full – The exact location of the branch must be provided to avoid • Beneficiary Customer (SWIFT MT103 F59): Include account number, name (no initials), and address of the ordering customer. Use of payment delays. full name (no initials) and address (street address, city and country is initials can delay receipt of funds by the beneficiary. • • Reason for Payment (SWIFT MT103 F70): Purpose of payment must required). Use of initials may delay receipt of funds by the beneficiary. Beneficiary Customer (SWIFT MT103 F59): Include account number be clearly identified (rent, salary, medical expenses, office expenses, – There are no specific beneficiary account number (IBAN), full name (no initials), and address of the beneficiary etc.). requirements in this country. customer. Use of initials may delay receipt of funds by the • Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with branch beneficiary. – identifier (where required), full name, and address of the beneficiary IBAN numbers for beneficiaries with accounts in Slovakia bank. must be included in the payment instruction. – There are no specific bank clearing codes in this country for cross border payments. SWIFT BIC is key to routing payments to the Account # Ex 12-3456789123/4567 beneficiary bank. Country Code SK – SWIFT BIC is 8 or 11 alphanumeric characters: xxxxSGxx or Structure SK2!n4!n6!n10!n xxxxSGxxxxx. Length 24!c • Reason for Payment (SWIFT MT103 F70): Purpose of payment must Electronic Format Ex. SK9876543219123456789123 be clearly identified (rent, salary, medical expenses, office expenses, etc.). Print Format Ex. SK98 7654 3219 1234 5678 9123

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The following character representations and length indications are used: N Digits numeric characters c Upper and lowercase a Uppercase letter e Blank space | 63 alphanumeric characters alphabetic characters n Maximum length (A-Z, a-z, and 0-9) (A-Z only) nn! Fixed length

2020 Global Payments Guide Last Updated: November 13, 2020 For the most up-to-date version, please visit jpmorgan.com/visit/guide | 64 Slovakia Slovenia Solomon Islands Continued EUR – Euro SBD – Solomon Islands Dollar

• Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with branch Overview Overview identifier, full name, and address of the beneficiary bank. • Information provided by the Beneficiary: Remitter should obtain all • Information provided by the Beneficiary: Remitter should obtain all – SWIFT BIC is 8 or 11 alphanumeric characters: xxxxSKxx or required bank information from the Beneficiary (e.g. SWIFT BIC, required bank information from the Beneficiary (e.g. SWIFT BIC, xxxxSKxxxxx. IBAN, and beneficiary bank address). account number, and beneficiary bank address). Additional Information Country Requirements/Restrictions • Central Bank: For additional information, please refer to • No notional value date rules. Payments will be effected as soon as • SEPA: Strict formatting standards and SEPA guidelines exist in www.cbsi.com.sb. possible under the rules of each bank. Europe regarding cross-border payments. IBAN and SWIFT BIC are Country Requirements/Restrictions required for all euro payments. SEPA standards apply for euro • Payment Restrictions: Government approval is required for all payments to beneficiaries with accounts in Slovenia. transactions. Payment Formatting Rules for EUR Payment Formatting Rules for SBD • Ordering Customer (SWIFT MT103 F50): Include account number, full • Ordering Customer (SWIFT MT103 F50): Include account number, full name (no initials), and address of the ordering customer. Use of name (no initials), and address of the ordering customer. Use of initials can delay receipt of funds by the beneficiary. initials can delay receipt of funds by the beneficiary. • Beneficiary Customer (SWIFT MT103 F59): Include account number • Beneficiary Customer (SWIFT MT103 F59): Include account number, (IBAN), full name (no initials), and address of the beneficiary full name (no initials) and address of the beneficiary customer. Use of customer. Use of initials may delay receipt of funds by the initials may delay receipt of funds by the beneficiary. beneficiary. • Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with branch – IBAN numbers for beneficiaries with accounts in Slovenia identifier (where required), full name, and address of the beneficiary must be included in the payment instruction. bank. – SWIFT BIC is 8 or 11 alphanumeric characters: xxxxSBxx or Account # Ex 12345-6789123456 xxxxSBxxxxx. Country Code SI • Reason for Payment (SWIFT MT103 F70): Purpose of payment must Structure SI2!n5!n8!n2!n be clearly identified (rent, salary, medical expenses, office expenses, etc.). Length 19!c Electronic Format Ex. SI98123456789123456 Print Format Ex. SI98 1234 5678 9123 456

• Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with branch identifier (where required), full name, and address of the beneficiary bank. – SWIFT BIC is 8 or 11 alphanumeric characters: xxxxSIxx or xxxxSIxxxxx. 2020 Global Payments Guide Last Updated: November 13, 2020 For the most up-to-date version, please visit jpmorgan.com/visit/guide | 65 South Africa South Korea South Korea ZAR – KRW - Korean Won Continued

Overview Overview Payment Formatting Rules for KRW • Information provided by the Beneficiary: Remitter should obtain all • Information provided by the Beneficiary: Beneficiary should provide • Ordering Customer (SWIFT MT103 F50): Include account number, full required bank information from the Beneficiary (e.g. SWIFT BIC, all required bank information when opening a local account. (e.g name (no initials) and address of the ordering customer. Use of account number, and beneficiary bank address). SWIFT BIC, Account Number, and beneficiary bank address). initials can delay receipt of funds by the beneficiary. • Central Bank: For additional information, please refer to • Central Bank: For additional information, please refer to • Beneficiary Customer (SWIFT MT103 F59): Include an account www.resbank.co.za. http://www.bok.or.kr/eng/main/main.do number, full name (no initials), and address. Use of initials may delay Country Requirements/Restrictions Country Requirements/Restrictions receipt of funds by the beneficiary. • • Payment Restrictions: All foreign currency transactions between • Payment Restrictions: The Foreign Exchange Transaction Act (FETA) Beneficiary Bank (SWIFT MT103 F57): SWIFT BIC with a branch residents and non-residents must be reported to the South African regulates foreign exchange operations, payment and receipt of identifier, full name and address of the beneficiary bank. SWIFT BIC Reserve Bank. Payments made to and from accounts held by foreign exchange and certain capital movements. The regulations are is 8 or 11 alphanumeric characters: xxxxKRxx or xxxxKRxxxxx. residents abroad must also be reported. promulgated and published by the Ministry of Economy and Finance • (SWIFT MT103 F72): Mandatory Information is required as below • Account Restrictions: Non-residents are permitted to open and (MOEF). Purpose of the payment: Must be clearly identified in the payment maintain domestic or foreign currency accounts locally, with approval • KRW is a restricted currency which cannot be held offshore and fund instruction. Purpose code must be provided in the format of from the reserve bank for any foreign currency account. transfers in KRW are allowed only within the country. ‘/ACC/PURPOSE/’(5 digits), ie. 10101. Please refer to the payment – Residents are not permitted to open ZAR accounts abroad. • Payment against trade goods and services in KRW must fall within purpose code list. https://www.jpmorgan.com/directdoc/list-of- – Resident or foreign currency accounts cannot exceed ZAR the definition of “Commercial transactions” (i.e., import, export etc.) payment-purpose-code-kr.pdf. If you are not able to find the right 2,000,000 equivalent. under the relevant Korean law. If you are not certain, please discuss purpose code from the list, please discuss with your branch service team to get the right code rather than having “99999” since 99999 Payment Formatting Rules for ZAR with the servicing branch, otherwise your payment may be rejected. • is not an actual code which may cause delay of payment release due • Ordering Customer (SWIFT MT103 F50): Include account number, full “Non-Commercial Transaction” flow (Capital related) are supported on a case by case basis for this currency. to the communication back and forth to find the right code. However name (no initials), and address of the ordering customer. Use of if you want to proceed it with “99999”, please describe the purpose - As to inter-company loans, operating funds to branch or expenses to initials can delay receipt of funds by the beneficiary. of the payment in free format after purpose code “99999” but the liaison office, the Beneficiary of the payment must hold an account • Beneficiary Customer (SWIFT MT103 F59): Include account number, delay of the payment release is unavoidable. If Payment code is one with JPMC Seoul and its FX designated bank must be JPMC Seoul full name (no initials) and address of the beneficiary customer. Use of “10103” and “10104” then Incoterms, H.S Code and Customs - Foreign direct investment, purchase of securities/shares, purchase of initials may delay receipt of funds by the beneficiary. clearance number are also mandatory from the beneficiary thus or deposits for real estate, etc are supported on a case by case basis • Beneficiary Bank (SWIFT MT103 F57): Include sort code, SWIFT BIC process is expected longer. for this currency. with branch identifier (where required), full name, and address of the Beneficiary Registration No: If the beneficiary is Corporate, please • Netting Payment : If there is any payment required after the netting of beneficiary bank. provide 10 digits of corporate’s business Registration Number in the account receivable and account payable with the payment – The sort code should always be preceded with “//ZA” format of ‘/OTHR/BRN/1108512345’ If the beneficiary is an counterparty (beneficiary), please discuss with the servicing branch followed by the 6-digit bank code. Example: //ZA123456. Individual, please provide 13 digits of “999999-9999999” in the first. – SWIFT BIC is 8 or 11 alphanumeric characters: xxxxZAxx or format of ‘OTHR/BRN/9999999999999’ • Additional Documentation: For the amount exceeding USD 50,000 xxxxZAxxxxx. Beneficiary Contact Person and number: If the incoming payment equivalent, the beneficiary or the remitter will be required to provide • Reason for Payment (SWIFT MT103 F70): Purpose of payment must amount exceeds USD 50,000 then beneficiary telephone number the supporting documents which prove that such payments be clearly identified (rent, salary, medical expenses, office expenses, and contact person’s name is mandatory. denominated in KRW is based on an underlying Business etc.). Failure to include the above information in the payment Instruction Transaction. may result in a delay or rejection of the payment. In case the payment • Copies of invoices, agreements, etc., must be presented to the amount exceeds USD 50,000 for inbound payment or USD 5,000 for processing bank prior to the settlement of the transaction. These outbound payment, submission of supporting documents are supporting documents may be shared with regulators. required.

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The following character representations and length indications are used: N Digits numeric characters c Upper and lowercase a Uppercase letter e Blank space | 65 alphanumeric characters alphabetic characters n Maximum length (A-Z, a-z, and 0-9) (A-Z only) nn! Fixed length

2020 Global Payments Guide Last Updated: November 13, 2020 For the most up-to-date version, please visit jpmorgan.com/visit/guide | 66 South Korea Spain Spain Continued EUR – Euro Continued • If your payment purpose code and your supporting documents are not Overview Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with branch matched, we may amend your payment purpose code in accordance • Information provided by the Beneficiary: Remitter should obtain all identifier, full name and address of the beneficiary bank. with your supporting document. required bank information from the Beneficiary (e.g. SWIFT BIC, – SWIFT BIC is 8 or 11 alphanumeric characters: xxxxESxx or xxxxESxxxxx. Additional Information IBAN, and beneficiary bank address). • • KRW is a zero decimal currency; payments must be entered in whole Central Bank: For additional information, please refer to Additional Information currency amounts without decimal points to avoid rejection. www.bde.es/bde/en. • For value date, payments will be applied as soon as possible in • For KRW payments initiated from an offshore account, JPMC Seoul is Country Requirements/Restrictions accordance with the receiving bank’s normal practice. unable to provide a Certificate of Foreign Exchange • Payment Restrictions: All transactions between residents and non- Purchased/Deposited. residents above EUR 12,500 must be reported to the Banco de España. For accounts held abroad, transactions exceeding EUR 3,000,000 in a month or EUR 6,000,000 in a year must also be reported; payments made to and from accounts held by residents abroad must also be reported. • Account Restrictions: Residents and non-residents are permitted to open and maintain domestic or foreign currency accounts either locally or abroad. – Residents must report to the Banco de España the opening sor closing of accounts held abroad. • SEPA: Strict formatting standards and SEPA guidelines exist in Europe regarding cross-border payments. IBAN and SWIFT BIC are required for all euro payments. SEPA standards apply for euro payments to beneficiaries with accounts in Spain. Payment Formatting Rules for EUR • Ordering Customer (SWIFT MT103 F50): Include account number, full name (no initials) and address of the ordering customer. Use of initials can delay receipt of funds by the beneficiary. • Beneficiary Customer (SWIFT MT103 F59): Include account number (IBAN), full name (no initials), and address of the beneficiary customer. Use of initials may delay receipt of funds by the beneficiary. – IBAN numbers for beneficiaries with accounts in Spain must be included in the payment instruction.

Account # Ex 1234 5678 91 23456789123 Country Code ES Structure ES2!n4!n4!n1!n10!n Length 24!c Electronic Format Ex. ES9812345678912345678912 Print Format Ex. ES98 1234 5678 9123 4567 8912

2020 Global Payments Guide Last Updated: November 13, 2020 For the most up-to-date version, please visit jpmorgan.com/visit/guide | 67 Sri Lanka Suriname Swaziland (Eswatini) SZL – LKR – Sri Lankan Rupee SRD – Surinamese Dollar Overview Overview Overview • Information provided by the Beneficiary: Remitter should obtain all • Information provided by the Beneficiary: Remitter should obtain all • Information provided by the Beneficiary: Remitter should obtain all required bank information from the Beneficiary (e.g. SWIFT BIC, required bank information from the Beneficiary (e.g. SWIFT BIC, required bank information from the Beneficiary (e.g. SWIFT BIC, account number, and beneficiary bank address). account number, and beneficiary bank address). account number, and beneficiary bank address). • Central Bank: For additional information, please refer to • Central Bank: For additional information, please refer to • Central Bank: For additional information, please refer to www.cbvs.sr. www.centralbank.org.sz. www.cbsl.gov.lk. Payment Formatting Rules for SRD Country Requirements/Restrictions Payment Formatting Rules for LKR • Ordering Customer (SWIFT MT103 F50): Include account number, full • Additional Documentation: Residents are required to complete an • Ordering Customer (SWIFT MT103 F50): Include account number, full name (no initials), and address of the ordering customer. Use of application to conduct business with an authorized dealer for foreign name (no initials), and address of the ordering customer. Use of initials can delay receipt of funds by the beneficiary. exchange. initials can delay receipt of funds by the beneficiary. • Beneficiary Customer (SWIFT MT103 F59): Include account number, • Beneficiary Customer (SWIFT MT103 F59): Include account number, full name (no initials) and address of the beneficiary customer. Use of Payment Formatting Rules for SZL full name (no initials) and address of the beneficiary customer. Use initials may delay receipt of funds by the beneficiary. • Ordering Customer (SWIFT MT103 F50): Include account number, full of initials may delay receipt of funds by the beneficiary. • Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with branch name (no initials), and address of the ordering customer. Use of • Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with identifier (where required), full name, and address of the beneficiary initials can delay receipt of funds by the beneficiary. branch identifier (where required), full name, and address of the bank. • Beneficiary Customer (SWIFT MT103 F59): Include account number, beneficiary bank. – SWIFT BIC is 8 or 11 alphanumeric characters: xxxxSRxx or full name (no initials) and address (street address and city, PO BOX – SWIFT BIC is 8 or 11 alphanumeric characters: xxxxLKxx or xxxxSRxxxxx. not accepted ) of the beneficiary customer. Use of initials may delay xxxxLKxxxxx. • Reason for Payment (SWIFT MT103 F70): Purpose of payment must receipt of funds by the beneficiary. • • Reason for Payment (SWIFT MT103 F70): Purpose of payment must be clearly identified (rent, salary, medical expenses, office expenses, Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with branch be clearly identified (rent, salary, medical expenses, office expenses, etc.). identifier (where required), full name, and address of the beneficiary bank. etc.). Additional Information – SWIFT BIC is 8 or 11 alphanumeric characters: xxxxSZxx or Additional Information • All local beneficiary banks supported for FX payments. • xxxxSZxxxxx. Payments for less than LKR 500 cannot be processed. • Reason for Payment (SWIFT MT103 F70): Purpose of payment must be clearly identified (rent, salary, medical expenses, office expenses, etc.).

The following character representations and length indications are used: N Digits numeric characters c Upper and lowercase a Uppercase letter e Blank space | 67 alphanumeric characters alphabetic characters n Maximum length (A-Z, a-z, and 0-9) (A-Z only) nn! Fixed length

2020 Global Payments Guide Last Updated: November 13, 2020 For the most up-to-date version, please visit jpmorgan.com/visit/guide | 68 Sweden Sweden Switzerland SEK – Swedish Krona Continued CHF – Swiss Franc

Overview • Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with branch Overview • Information provided by the Beneficiary: Remitter should obtain all identifier (where required), full name, and address of the beneficiary • Information provided by the Beneficiary: Remitter should obtain all required bank information from the Beneficiary (e.g. SWIFT BIC, bank. required bank information from the Beneficiary (e.g. SWIFT BIC, IBAN, and beneficiary bank address). – SWIFT BIC is 8 or 11 alphanumeric characters: xxxxSExx or IBAN, and beneficiary bank address). xxxxSExxxxx. Country Requirements/Restrictions • Central Bank: For additional information, please refer to • Reason for Payment (SWIFT MT103 F70): Purpose of payment must • Currency & Clearing Information: Sweden is a member of the http://www.snb.ch/en. be clearly identified (rent, salary, medical expenses, office expenses, European Union (EU), and is adopting best payment practices within Country Requirements/Restrictions etc.). the community, although the country has not adopted the Euro. • Currency & Clearing Information: Switzerland is adopting best • Account Restrictions: Residents and non-residents are permitted to Additional Information payment practices within the European Union community, although open and maintain domestic or foreign currency accounts either • The beneficiary bank may choose to process incoming SWIFT the country has not adopted the Euro. locally or abroad. messages before the value date in Field 32. • Account Restrictions: Residents and non-residents are permitted to • SEPA: Strict formatting standards and SEPA guidelines exist in open and maintain domestic or foreign currency accounts either Europe regarding cross-border payments. IBAN and SWIFT BIC are locally or abroad. required for all euro payments. SEPA standards apply for euro • SEPA: Strict formatting standards and SEPA guidelines exist in payments to beneficiaries with accounts in Sweden. Europe regarding cross-border payments. IBAN and SWIFT BIC are Payment Formatting Rules for SEK required for all euro payments. SEPA standards apply for euro • Ordering Customer (SWIFT MT103 F50): Include account number, full payments to beneficiaries with accounts in Switzerland. name (no initials), and address of the ordering customer. Use of Payment Formatting Rules for CHF initials can delay receipt of funds by the beneficiary. • Ordering Customer (SWIFT MT103 F50): Include account number, full • Beneficiary Customer (SWIFT MT103 F59): Include account number name (no initials) and address of the ordering customer. Use of (IBAN), full name (no initials) and address of the beneficiary initials can delay receipt of funds by the beneficiary. customer. Use of initials may delay receipt of funds by the • Beneficiary Customer (SWIFT MT103 F59): Include account number beneficiary. (IBAN), full name (no initials) and address of the beneficiary – IBAN numbers for beneficiaries with accounts in Sweden customer. Use of initials may delay receipt of funds by the must be included in the payment instructions. beneficiary. – Use of IBAN numbers for beneficiaries with accounts in Account # Ex 1234 12 3456 1 Switzerland is highly recommended. IBAN is required for all euro Country Code SE payments. Structure SE2!n3!n16!n1!n Account # Ex 123 4567-8912.3456 Length 24!c Country Code CH Electronic Format Ex. SE9875432198712341234561 Structure CH2!n5!n12!c Print Format Ex. SE98 7543 2198 7123 4123 4561 Length 21!c Electronic Format Ex. CH9876123456789123456 Print Format Ex. CH98 7612 3456 7891 2345 6

2020 Global Payments Guide Last Updated: November 13, 2020 For the most up-to-date version, please visit jpmorgan.com/visit/guide | 69 Switzerland Tahiti Taiwan Continued XPF – Pacific Franc/ Tahitian Franc TWD – New Taiwan Dollar

• Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with branch Overview Overview identifier, full name and address of the beneficiary bank. • Information provided by the Beneficiary: Remitter should obtain all • Information provided by the Beneficiary: Remitter should obtain all – SWIFT BIC is 8 or 11 alphanumeric characters: xxxxCHxx or required bank information from the Beneficiary (e.g. SWIFT BIC, required bank information from the Beneficiary (e.g. SWIFT BIC, xxxxCHxxxxx. account number, and beneficiary bank address). account number, and beneficiary bank address). • Reason for Payment (SWIFT MT103 F70): Purpose of payment must Payment Formatting Rules for XPF • Central Bank: For additional information, please refer to be clearly identified (rent, salary, medical expenses, office expenses, • Ordering Customer (SWIFT MT103 F50): Include account number, full www.cbc.gov.tw. etc.). name (no initials), and address of the ordering customer. Use of Country Requirements/Restrictions Additional Information initials can delay receipt of funds by the beneficiary. • Payment Restrictions: Taiwan FX markets are regulated. TWD can • Most payments are rounded to the nearest 5 rappen (cents). • Beneficiary Customer (SWIFT MT103 F59): Include account number, only be converted in-country. Example: CHF 10.88 becomes CHF 10.9. full name (no initials) and address, and telephone number of the – Non-resident entities must be approved by qualified foreign • Most transactions are electronic and processed the same day. beneficiary customer. Use of initials may delay receipt of funds by the institutional investors (QFII) to access the onshore market without the beneficiary. special regulatory approval. Non-resident entities are not allowed to – Account numbers must be formatted according to the below hold TWD. specifications. – USD (or other available foreign currencies) can be converted in-country for local delivery, but FX documentation and bank Length 27!c regulatory reporting is required. Format FR76 + 23 digits – For individual residents, restrictions exist for sales and purchase of foreign currency against TWD. Maximum cumulative

sales or purchases per year is USD 5,000,000 equivalent in gross • Beneficiary Bank (SWIFT MT103 F57): Include branch identifier unless specifically authorized other direct capital investments where (where required), full name, and address of the beneficiary bank. there is no limit. • Reason for Payment (SWIFT MT103 F70): Purpose of payment must – For commercial and individual non-residents, limits are be clearly identified (rent, salary, medical expenses, office expenses, defined in the rules regarding foreign institutional investors or other etc.). legislation for foreign exchange against TWD movement in and out. Additional Information For foreign exchange against TWD movements for non-securities • XPF is a zero decimal currency. investment purposes, TWD transactions are not allowed. – For commercial residents, there are no exchange limits for sales or purchases of foreign currency against TWD relating to trade products (import/export proceeds) or labor. For funds transfers and direct capital investments, the maximum cumulative sale or purchase of foreign currency per year for legal entity is USD 50,000,000 equivalent (except for specifically authorized direct capital investments, where there is no limit). – In addition to transaction level thresholds, there is a TWD FX maximum limit of USD 50 million (equivalent) per annum for corporations. Items exempt from this limit are payments with special approval from the government (e.g. capital injection etc). – When initiating a transaction from an account held in EMEA and/or Canada, payments to beneficiaries who hold accounts with Chunghwa Post are not supported.

The following character representations and length indications are used: N Digits numeric characters c Upper and lowercase a Uppercase letter e Blank space | 69 alphanumeric characters alphabetic characters n Maximum length (A-Z, a-z, and 0-9) (A-Z only) nn! Fixed length

2020 Global Payments Guide Last Updated: November 13, 2020 For the most up-to-date version, please visit jpmorgan.com/visit/guide | 70 Taiwan Taiwan Tanzania Continued Continued TZS–

• Additional Documentation: For inward remittance, the beneficiary – For local TWD clearing, there is a specific seven-digit local Overview must complete remittance declaration forms and provide supporting clearing code required for routing payments to the beneficiary bank • Information provided by the Beneficiary: Remitter should obtain all documentation to explain the reason for payment. On average, the and should always be provided.(NNNBBBB, NNN = bank code, BBBB required bank information from the Beneficiary (e.g. SWIFT BIC, documentation process may take 2-3 days to complete. = branch code) account number, and beneficiary bank address). – – No FX against TWD transactions can be executed until FX SWIFT BIC is 8 or 11 alphanumeric characters: xxxxTWxx or • Central Bank: For additional information, please refer to www.bot- reporting information/documentation is in place. The beneficiary xxxxTWxxxxx. tz.org must fill out the required documentation with their local bank by • Reason for Payment (SWIFT MT103 F70): Provide a reason for the Country Requirements/Restrictions value date to receive credit into the account. If documents are not payment (rent, salary, medical expenses, office expenses, etc.). • Additional Documentation: Additional supporting documentation filled out, the exact payment amount and value date cannot be – This field is required for FX conversion against TWD amounts may be required from the beneficiary. guaranteed. below TWD 500,000. – FX conversion against TWD amounts exceeding USD – For foreign inward remittances without FX against TWD, the Payment Formatting Rules for TZS 1,000,000 (equivalent) requires a transactions declaration form and beneficiary must advise on the nature of the transaction via • Ordering Customer (SWIFT MT103 F50): Include account number, full additional supporting documents. telephone or mail. name (no initials), and address of the ordering customer. Use of – FX conversion against TWD amounts exceeding TWD initials can delay receipt of funds by the beneficiary. 500,000 and below USD 1,000,000 (equivalent) require a • Beneficiary Customer (SWIFT MT103 F59): Include account number, transaction declaration form. full name (no initials) and address of the beneficiary customer. Use of – FX conversion against TWD amounts below TWD 500,000 initials may delay receipt of funds by the beneficiary. require beneficiary to advise on nature of transaction. No declaration • 12 digit control number is required for specific instructions (12 Digit form is required. Control Number is required when transfers are in favor of a Payment Formatting Rules for TWD government institution, agency, authority, hospital, school and • Ordering Customer (SWIFT MT103 F50): Include account number, full university whose account is with a (Mandatory Field 70 – Preceded by /ROC/). This does not apply to government name (no initials) and address of the ordering customer. Use of payments to the central bank (Bank of Tanzania – TANZTZTX) and to initials can delay receipt of funds by the beneficiary. the Tanzania Revenue Authority (TRA – TARATZTZ). Free formatting of • Beneficiary Customer (SWIFT MT103 F59): Include account number, the control code is also permitted and can be expressed as full name (no initials), address (street address, city, country), and as F70:/CONTROL CODE 991234567894. The owner of the account is best practice, telephone number of the beneficiary customer. Use of responsible for obtaining the control number from their bank.) initials may delay receipt of funds by the beneficiary. – Tax Identification Number (TIN) is required when making tax – No specific beneficiary account number requirements exist. revenue payments to the Tanzanian Revenue Authority. • Beneficiary Bank (SWIFT MT103 F57): Include local clearing code (if • Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with branch applicable), SWIFT BIC with branch identifier, full name and address identifier (where required), full name, and address of the beneficiary of the beneficiary bank. bank. – There are no specific bank clearing codes in this country for – SWIFT BIC is 8 or 11 alphanumeric characters: xxxxTZxx or cross-border non-TWD payments. SWIFT BIC is key to routing xxxxTZxxxxx. payments to the beneficiary bank and should always be provided. • Reason for Payment (SWIFT MT103 F70): Purpose of payment must

be clearly identified (rent, salary, medical expenses, office expenses, (Continued on next page) etc.). 2020 Global Payments Guide Last Updated: November 13, 2020 For the most up-to-date version, please visit jpmorgan.com/visit/guide | 71 Thailand Thailand Thailand THB - Thai Baht Continued Continued

Overview – Debits to accounts are permitted for payment of external – When sending THB through the local payment system, • Information provided by the Beneficiary: Remitter should obtain all obligations upon submission of supporting evidence. BAHTNET, the sending bank is required to indicate the sender’s tax ID required bank information from the Beneficiary (e.g. SWIFT BIC, – Thai residents are permitted to remit up to USD 100 million for all payments, regardless of the amount. Example: account number, and beneficiary bank address). per year for the purposes of loan or investment to a parent or /ORDERRES/TH/TXID9999999999999. – • Central Bank: For additional information, please refer to subsidiary company. The beneficiary’s tax ID and telephone number may also be www.bot.or.th/english. • Account Restrictions: Residents, corporations, and individuals are provided in SWIFT MT103 F70. permitted to hold foreign currency bank accounts with no limitation. • Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with branch Country Requirements/Restrictions – Foreign currency accounts of Thai residents are opened with identifier, full name and address of the beneficiary bank. • Payment Restrictions: The Bank of Thailand has been entrusted by authorized Thai banks and deposited with funds originated from – There are no specific bank clearing codes in this country for the Ministry of Finance with the responsibility of administering foreign abroad. These accounts no longer have requirements for supporting cross-border payments; SWIFTBIC is key to routing payments to the exchange. documentation. beneficiary bank. – All foreign exchange transactions are to be conducted – For non-resident THB accounts, the non-residents may open – SWIFT BIC is 8 or 11 alphanumeric characters: through commercial banks and through authorized non-banks the account with any authorized Thai bank. Credits may originate xxxxTHxx or xxxxTHxxxxx. (authorized money changers, money transfer agents, and from: 1) proceeds from sale of foreign currencies that originate from companies), that are granted foreign exchange licenses by the abroad or foreign currencies from non-resident foreign currency • Minister of Finance. Any transactions not conducted through the Reason for Payment (SWIFT MT103 F70): Purpose of payment must accounts; 2) amounts transferred from other non-resident baht above-mentioned licensees require approval from the Competent be clearly identified (rent, salary, medical expenses, office expenses, accounts; and 3) obligations of resident to non-resident and non- Officer on a case by case basis. etc.). resident to non-resident. – Foreign currencies can be transferred or brought into – A 30% fund reservation for the purpose of loan/investment is Thailand without limit. Additional Information no longer required. – Any person receiving foreign currencies from abroad is • Transfers equal to or greater than THB 5 million require supporting • Additional Documentation: Supporting documentation may be required to repatriate such funds immediately and sell to an documentation indicating the purpose and exact amount of each requested. authorized bank or deposit them in a foreign currency account with payment. Supporting documentation includes a copy of the invoice or – an authorized bank within 360 days of receipt, except for foreigners Any person purchasing, selling, depositing or withdrawing payroll request, or a letter on signed letterhead describing reason for temporarily staying in Thailand for not more than three months, foreign currency with an authorized bank in an amount of USD transfer. foreign embassies, international organizations, and Thai emigrants 200,000 or above is required to report such transactions to an who are permanent residents abroad or working abroad. authorized bank in the form prescribed by the Bank of Thailand. – – Purchase of foreign currency from authorized banks is On presentation of supporting documents, all foreign generally allowed upon submission of documents indicating exchange transactions must be processed by a commercial bank. international trade and investment. Payment Formatting Rules for THB – Companies in Thailand can engage in derivatives • Ordering Customer (SWIFT MT103 F50): Include account number, full transactions with authorized banks to hedge against foreign name (no initials) and address of the ordering customer. Use of exchange risk provided that supporting documents indicating future initials can delay receipt of funds by the beneficiary. foreign currency receipts or obligations are submitted. • Beneficiary Customer (SWIFT MT103 F59): Include account number, – Any person bringing into or taking out of Thailand foreign full name (no initials), address and tax ID (if applicable) of the currency bank notes in an aggregate amount exceeding USD 20,000 beneficiary customer. Use of initials may delay receipt of funds by the or its equivalent must declare to a customs officer. beneficiary. – Deposit of foreign currency notes and coins must – There are no specific beneficiary account number not exceed USD 10,000 per person per day. requirements in this country.

The following character representations and length indications are used: N Digits numeric characters c Upper and lowercase a Uppercase letter e Blank space | 71 alphanumeric characters alphabetic characters n Maximum length (A-Z, a-z, and 0-9) (A-Z only) nn! Fixed length

2020 Global Payments Guide Last Updated: November 13, 2020 For the most up-to-date version, please visit jpmorgan.com/visit/guide | 72 Togo Tonga Trinidad and Tobago XOF – West African CFA Franc TOP – Tongan Pa’anga TTD – Trinidad and Tobago Dollar

Overview Overview Overview • Information provided by the Beneficiary: Remitter should obtain all • Information provided by the Beneficiary: Remitter should obtain all • Information provided by the Beneficiary: Remitter should obtain all required bank information from the Beneficiary (e.g. SWIFT BIC, required bank information from the Beneficiary (e.g. SWIFT BIC, required bank information from the Beneficiary (e.g. SWIFT BIC, account number, and beneficiary bank address). account number, and beneficiary bank address). account number, and beneficiary bank address). Country Requirements/Restrictions • Central Bank: For additional information, please refer to • Central Bank: For additional information, please refer to • Additional Documentation: Additional supporting documentation www.reservebank.to. www.central-bank.org.tt. may be required from the beneficiary. Country Requirements/Restrictions Payment Formatting Rules for TTD Payment Formatting Rules for XOF • Account Restrictions: Residents may not send or receive money out of • Ordering Customer (SWIFT MT103 F50): Include account number, full • Ordering Customer (SWIFT MT103 F50): Include account number, full Tonga without the consent of the Reserve Bank (Minister of Finance). name (no initials), and address of the ordering customer. Use of name (no initials), and address of the ordering customer. Use of Payment Formatting Rules for TOP initials can delay receipt of funds by the beneficiary. • initials can delay receipt of funds by the beneficiary. • Ordering Customer (SWIFT MT103 F50): Include account number, full Beneficiary Customer (SWIFT MT103 F59): Include account number, • Beneficiary Customer (SWIFT MT103 F59): Include account number, name (no initials), and address of the ordering customer. Use of full name (no initials) and full address of the beneficiary customer. full name (no initials), address, and telephone number of the initials can delay receipt of funds by the beneficiary. Use of initials may delay receipt of funds by the beneficiary. – beneficiary customer. Use of initials may delay receipt of funds by the • Beneficiary Customer (SWIFT MT103 F59): Include account number, There are no specific beneficiary account number beneficiary. full name (no initials) and address of the beneficiary customer. Use requirements in this country. – It is mandatory to format account numbers for beneficiaries of initials may delay receipt of funds by the beneficiary. • Beneficiary Bank (SWIFT MT103 F57): Must include SWIFT BIC with with accounts in Togo according to the below specifications. • Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with branch branch identifier, full name, and address of the beneficiary bank. – Account numbers should be 24 characters consisting of the identifier (where required), full name, and address of the beneficiary – There are no specific bank clearing codes in this country for 5 character bank code (including the 2 character country code) + 5 bank. cross-border payments. SWIFT BIC is key to routing payments to the character branch code + 12 digit account number + 2 digit Clé RIB – SWIFT BIC is 8 or 11 alphanumeric characters: xxxxTOxx or beneficiary bank. xxxxTOxxxxx. – SWIFT BIC is 8 or 11 alphanumeric characters: xxxxTTxx or Country Code TG • Reason for Payment (SWIFT MT103 F70): Purpose of payment must xxxxTTxxxxx. • Length 24!c be clearly identified (rent, salary, medical expenses, office expenses, Reason for Payment (SWIFT MT103 F70): Purpose of payment must etc.). be clearly identified (rent, salary, medical expenses, office expenses, etc.). • Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with branch • 12-digit account number required for payments going to accounts identifier (where required), full name, and address of the beneficiary held at Scotiabank Trinidad and Tobago Ltd. (NOSCTTPSXXX). Format bank. of account number: 5-digit transit code + 7-digit account number – SWIFT BIC is 8 or 11 alphanumeric characters: xxxxTGxx or (Field 59). xxxxTGxxxxx. • List of transit codes for the 12-digit account number is available upon • Reason for Payment (SWIFT MT103 F70): Purpose of payment must request. be clearly identified (rent, salary, medical expenses, office expenses, Additional Information etc.). • Smaller banks may not have electronic capabilities, so intermediary Additional Information banks will settle by issuing a draft that is couriered to the beneficiary. • This country is a member of the Central Bank of West African States. • XOF is a zero decimal currency.

2020 Global Payments Guide Last Updated: November 13, 2020 For the most up-to-date version, please visit jpmorgan.com/visit/guide | 73 Tunisia Turkey Uganda TND – TRY – Turkish Lira UGX –

Overview Overview Overview • Information provided by the Beneficiary: Remitter should obtain all • Information provided by the Beneficiary: Remitter should obtain all • Information provided by the Beneficiary: Remitter should obtain all required bank information from the Beneficiary (e.g. SWIFT BIC, required bank information from the Beneficiary (e.g. SWIFT BIC, required bank information from the Beneficiary (e.g. SWIFT BIC, IBAN, and beneficiary bank address). IBAN, and beneficiary bank address). account number, and beneficiary bank address). Country Requirements/Restrictions • Central Bank: For additional information, please refer to • Central Bank: For additional information, please refer to • Account Restrictions: Non-residents and residents can hold in- www.tcmb.gov.tr. www.bou.or.ug. country accounts in foreign currency or convertible dinars. Country Requirements/Restrictions Payment Formatting Rules for UGX Payment Formatting Rules for TND • Payment Restrictions: Banks usually do not accept payments for • Ordering Customer (SWIFT MT103 F50): Include account number, full • Ordering Customer (SWIFT MT103 F50): Include account number, full beneficiaries who have no accounts with them. They prefer not to name (no initials), and address of the ordering customer. Use of name (no initials) and address of the ordering customer. Use of intermediate payments. initials can delay receipt of funds by the beneficiary. initials can delay receipt of funds . • Account Restrictions: Residents and non-residents can open FX • Beneficiary Customer (SWIFT MT103 F59): Include account number, • Beneficiary Customer (SWIFT MT103 F59): Include account number accounts with a letter of credit and work permit, with a minimum of full name (no initials) , address and tax ID of the beneficiary (IBAN), full name (no initials) and address of the beneficiary 2,000 CHF or 1,000 in USD, GBP, or EUR. customer. Use of initials may delay receipt of funds by the customer. Use of initials may delay receipt of funds by the Payment Formatting Rules for TRY beneficiary. – beneficiary. • Ordering Customer (SWIFT MT103 F50): Include account number, full A PRN tax ID number (13 digits) is required for tax revenue – IBAN numbers for beneficiaries with accounts in Tunisia must name (no initials), and address of the ordering customer. Use of payments directed towards the Ugandan Revenue Authority. Sample be included in the payment instructions. The IBAN must start with initials can delay receipt of funds by the beneficiary. format: PRNXXXXXXXXXX. This information may also be included in TN59 followed by 20 digits. • Beneficiary Customer (SWIFT MT103 F59): Include account number SWIFT MT103 F70. • (IBAN), full name (no initials) and address of the beneficiary Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with Account # Ex 12 345 6789123456789 12 customer. Use of initials may delay receipt of funds by the branch identifier (where required), full name, and address of the beneficiary bank. Country Code TN beneficiary. – – There are no specific bank clearing codes for this country for Structure TN592!n3!n13!n2!n IBAN numbers for beneficiaries with accounts in Turkey must be included in the payment instructions. cross-border payments. SWIFT BIC is key to routing payments to the Length 24!c beneficiary bank. Electronic Format Ex. TN5912345678912345678912 Account # Ex 1234567891234567890123 – SWIFT BIC is 8 or 11 alphanumeric characters: xxxxUGxx or Print Format Ex. TN59 1234 5678 9123 4567 8912 Country Code TR xxxxUGxxxxx. • Reason for Payment (SWIFT MT103 F70): Purpose of payment must Structure TR2!n5!n1!c16!c be clearly identified (rent, salary, medical expenses, office expenses, • Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with branch Length 26!c etc.). identifier, full name and address of the beneficiary bank. Electronic Format Ex. TR987123456789123456789123 – Additional Information SWIFT BIC is 8 or 11 alphanumeric characters: xxxxTNxx or Print Format Ex. TR98 7123 4567 8912 3456 7891 23 • UGX is a zero decimal currency. xxxxTNxxxxx. • Reason for Payment (SWIFT MT103 F70): Provide a reason for the • Beneficiary Bank (SWIFT MT103 F57): Include branch identifier payment (rent, salary, medical expenses, etc.). (where required), full name, and address of the beneficiary bank. – SWIFT BIC is 8 or 11 alphanumeric characters: xxxxTRxx or xxxxTRxxxxx. • Reason for Payment (SWIFT MT103 F70): Purpose of payment must be clearly identified (rent, salary, medical expenses, office expenses, etc.). Additional Information • Banks are closed on Saturday and Sunday.

The following character representations and length indications are used: N Digits numeric characters c Upper and lowercase a Uppercase letter e Blank space | 73 alphanumeric characters alphabetic characters n Maximum length (A-Z, a-z, and 0-9) (A-Z only) nn! Fixed length

2020 Global Payments Guide Last Updated: November 13, 2020 For the most up-to-date version, please visit jpmorgan.com/visit/guide | 74 Ukraine Ukraine United Arab Emirates UAH – Ukrainian hryvnia Continued AED – United Arab Emirates Dirham

Overview • Reason for Payment (SWIFT MT103 F70): In-depth, detailed Purpose Overview • Information provided by the Beneficiary: Remitter should obtain all of payment must be provided (rent, salary, medical expenses, office • Information provided by the Beneficiary: Remitter should obtain all required bank information from the Beneficiary (e.g. SWIFT BIC, expenses, etc.). required bank information from the Beneficiary (e.g. SWIFT BIC, account number, and beneficiary bank address). IBAN, and beneficiary bank address). Requested MT 103 - Option 1 • Due to Onshore restrictions • Central Bank: For additional information, please refer to Reason for Payment (SWIFT MT103 F70): - Payments related to Humanitarian aid cannot be facilitated - 4-character Operation Code (list of applicable codes are available www.centralbank.ae/en. except for the UN who can fund UN beneficiaries for operational upon request) preceding prefixed fields; 804 (Country Code as Country Requirements/Restrictions purposes with the transaction code 8424. payments are routed to the Ukraine); 999 (Code applicable to all non- • Payment Restrictions: Banks have regulatory requirements for wire - Payments for purpose of payroll cannot be facilitated. residential ordering customers) (Mandatory). payments. There are no exchange controls. - 8-digit tax ID for corporates and 10-digit tax ID for individuals is - Payment for commercial purpose is supported. This constitutes • Account Restrictions: Non-residents can hold local currency required (Mandatory). settlements between residents and non-residents or export and accounts. The account opening process requires formal identification import of goods (products, services, works, intellectual property Example: by the account holder. rights and other non-property rights intended for sale/delivery :70: Reimbursement of medical expenses Payment Formatting Rules for AED against payment). Payment details should contain the number /REC/XXXX.804.999 • Ordering Customer (SWIFT MT103 F50): Include account number, full and date of agreement/ contract/ invoice as well as the TAX ID XXXXXXXX(XX) name (no initials) and address of the ordering customer. Use of transaction code and a detailed purpose of payment initials can delay receipt of funds by the beneficiary. Payment Formatting Rules for UAH Requested MT 103 - Option 2 • Beneficiary Customer (SWIFT MT103 F59): Include account number • Ordering Customer (SWIFT MT103 F50): Include account number, full Sender to receiver (SWIFT MT103 F72): -4-character Operation Code (list of applicable codes are available upon (IBAN), full name (no initials) and address of the beneficiary name (no initials), and address of the ordering customer. Use of request) preceding prefixed fields; 804 (Country Code as payments are customer. Use of initials may delay receipt of funds by the initials can delay receipt of funds by the beneficiary. routed to the Ukraine); 999 (Code applicable to all non-residential beneficiary. • Beneficiary Customer (SWIFT MT103 F59): Include account number ordering customers) (Mandatory). – IBAN numbers for beneficiaries with accounts in U.A.E. are (IBAN), full name (no initials) and address of the beneficiary •3-digit Country Code is required. (MandatoryField72 required in the payment instructions. customer. Use of initials may delay receipt of funds by the •8-digit tax ID for corporates and 10-digit taxID for individuals is beneficiary. required (MandatoryField72). Account # Ex 1234567891234567 – •In summary, Field72 should be formatted as: IBAN numbers for beneficiaries with accounts in Ukraine Country Code AE must be included in the payment instructions. /REC/XXXX.804.999.XXX.XXXXXXXXXX (where XXXX stands for the unique transaction code, 804 is Country Code for Ukraine as the destination of Structure AE2!n3!n16!n Account # Ex 0000026007233566001 funds; 999 is Code applicable to all non-residential ordering customers, Length 23!c XXX stands for country code of the remitter from field 50K ,8-10X stands Electronic Format Ex. AE987651234567891234567 Country Code UA for the tax code). Structure UA2!n6!n19!n Print Format Ex. AE98 7651 2345 6789 1234 567 Length 29!c Example: :72: /REC/XXXX.804.999.XXX.XXXXXXXX • Electronic Format Ex. UA213223130000026007233566001 Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with branch identifier, full name and address of the beneficiary bank. Print Format Ex. UA21 3223 1300 0002 6007 2335 6600 1 – SWIFT BIC is 8 or 11 alphanumeric characters: xxxxAExx or xxxxAExxxxx. • Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with branch identifier (where required) or full name, and address of the beneficiary bank. – SWIFT BIC is 8 or 11 alphanumeric characters: xxxxUAxx or xxxxUAxxxxx.

2020 Global Payments Guide Last Updated: November 13, 2020 For the most up-to-date version, please visit jpmorgan.com/visit/guide | 75 United Arab Emirates United Kingdom United Kingdom Continued GBP – British Pound Sterling Continued

• Reason for Payment (SWIFT MT103 F72): Purpose of payment is Overview • Beneficiary Bank (SWIFT MT103 F57): Include sort code, SWIFT BIC, required and must be clearly identified (rent, salary, medical • Information provided by the Beneficiary: Remitter should obtain all full name and address of the beneficiary bank. expenses, office expenses, etc.) along with information about the required bank information from the Beneficiary (e.g. SWIFT BIC, – Beneficiary bank branches are identified through a unique 6- ordering customer. IBAN, and beneficiary bank address). digit sort code; this is required to ensure payment delivery. The sort – Reason for payment must be included to avoid payment • Central Bank: For additional information, please refer to code should always be preceded with “//SC” followed by the 6-digit delays or return. www.bankofengland.co.uk. bank code. Example: //SC123456. – – SWIFT BIC, including branch identifier, where required, must If the ordering customer is a commercial, business, or Country Requirements/Restrictions corporate entity, additional information required includes trade be included in the payment instructions. If SWIFT BIC is not available, • Account Restrictions: Residents and non-residents are permitted to license number/ registration number/unique identification number include the beneficiary bank full name and address in the payment open and maintain domestic or foreign currency accounts either of the ordering customer. instructions. locally or abroad. – Please refer to the Central Bank of the United Arab Emirates’ – SWIFT BIC is 8 or 11 alphanumeric characters: xxxxGBxx or • SEPA: Strict formatting standards and SEPA guidelines exist in payment purpose codes: xxxxGBxxxxx. Europe regarding cross-border payments. IBAN and SWIFT BIC are https://www.centralbank.ae/sites/default/files/2018-09/BOP- required for all euro payments. SEPA standards apply for euro Additional Information PurposeOfPaymentCodesTable-EN-18092017.pdf payments to beneficiaries with accounts in the United Kingdom. • Most transactions are processed same day. – The above information must be provided in the payment SEPA standards do not apply for British pound sterling payments. instructions to avoid delays. This information may also be provided in Payment Formatting Rules for GBP SWIFT MT103 F70. • Ordering Customer (SWIFT MT103 F50): Include account number, full Additional Information name (no initials) and address of the ordering customer. Use of • The Emirati dirham exchange is pegged to the U.S. dollar. initials can delay receipt of funds by the beneficiary. • The local market is closed on Fridays. • Beneficiary Customer (SWIFT MT103 F59): Include account number • P2P payments are not permitted. (IBAN), full name and address of the beneficiary customer. Use of initials can delay receipt of funds by the beneficiary. – IBAN usage for beneficiaries in the United Kingdom is recommended. IBAN numbers for beneficiaries with U.K. accounts are issued by the account opening bank.

Account # Ex 12-34-56 78912345 Country Code GB Structure GB2!n4!a6!n8!n Length 22!c Electronic Format Ex. GB29ABCD12345678912345 Print Format Ex. GB29 ABCD 1234 5678 9123 45

The following character representations and length indications are used: N Digits numeric characters c Upper and lowercase a Uppercase letter e Blank space | 75 alphanumeric characters alphabetic characters n Maximum length (A-Z, a-z, and 0-9) (A-Z only) nn! Fixed length

2020 Global Payments Guide Last Updated: November 13, 2020 For the most up-to-date version, please visit jpmorgan.com/visit/guide | 76 United States Vanuatu Vietnam USD – VUV – Vanuatu Vatu VND – Vietnamese Dong

Overview Overview Overview • Information provided by the Beneficiary: Remitter should obtain all • Information provided by the Beneficiary: Remitter should obtain all • Information provided by the Beneficiary: Remitter should obtain all required bank information from the Beneficiary (e.g. SWIFT BIC, required bank information from the Beneficiary (e.g. SWIFT BIC, required bank information from the Beneficiary (e.g. SWIFT BIC or account number, and beneficiary bank address). account number, and beneficiary bank address). local bank code, account number, and beneficiary bank address). Country Requirements/Restrictions • Central Bank: For additional information, please refer to • Central Bank: For additional information, please refer to • Currency & Clearing Information: The Federal Reserve Bank and the www.rbv.gov.vu. www.sbv.gov.vn. Clearing House Interbank Payment System (CHIPS) facilitates Payment Formatting Rules for VUV Country Requirements/Restrictions domestic clearing. • Ordering Customer (SWIFT MT103 F50): Include account number, full • Payment Restrictions: FX Control Regulations, issued by the State – The U.S. has high- and low-value payment systems. name (no initials), and address of the ordering customer. Use of Bank of Vietnam, are amended from time to time according to – The Federal Reserve bank assigns each member a unique initials can delay receipt of funds by the beneficiary. monetary control policies of the State. nine-digit ABA number to operate in the national clearing system. • Beneficiary Customer (SWIFT MT103 F59): Include account number, – VND is unable to be traded offshore due to its un- – The Clearing House assigns each member a unique full name (no initials) and address of the beneficiary customer. Use of convertibility. participant code. initials may delay receipt of funds by the beneficiary. – Purchase of VND is not restricted, as such overseas • Account Restrictions: Know your customer (KYC) requirements by • Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with remittance in foreign currencies can be converted easily for local financial institutions have become more stringent for opening branch identifier (where required), full name, and address of the payments. accounts. Non-residents can hold in-country accounts. beneficiary bank. – Sale of foreign currency, for both domestic and overseas Payment Formatting Rules for USD – SWIFT BIC is 8 or 11 alphanumeric characters: xxxxVUxx or payments from Vietnam, is permitted subject to allowable purposes • Ordering Customer (SWIFT MT103 F50): Include account number, full xxxxVUxxxxx. and required supporting documentation is submitted. • – name (no initials) and address of the ordering customer. Use of Reason for Payment (SWIFT MT103 F70): Purpose of payment must Domestic payment in foreign currency is restricted: Refer to initials can delay receipt of funds by the beneficiary. be clearly identified (rent, salary, medical expenses, office expenses, Circular 32/2013 and Circular 16/2015 for eligible payments. – • Beneficiary Customer (SWIFT MT103 F59): Include account number, etc.). VND against USD rate is calculated based on USD/VND full name, and address of the beneficiary customer. Use of initials Additional Information central exchange rate and trading band. The central exchange rate of can delay receipt of funds by the beneficiary. • VUV is a zero decimal currency. VND against USD shall be fixed by reference to the weighted average – As best practice, beneficiary full name and account number exchange rate in the inter-bank foreign currency market, the must be included. exchange rate movements in the international market of currencies of some countries that have trading, borrowing, debt payment, • Beneficiary Bank (SWIFT MT103 F57): Include ABA routing number or significant investment relationships with Vietnam, macro-economic CHIPS participant code (if available), SWIFT BIC, full name and and monetary balances and goals of monetary policies. address of the beneficiary bank. – USD is accepted for local payments, subject to certain – If available, provide the ABA routing number or CHIPS requirements and supporting documents. USD payments into participant code for the beneficiary bank. Vietnam for onward credit in VND will be converted by the remitting – Include the SWIFT BIC to direct payments to the United bank. States. The receiving bank will then enter the payment into the – Payments cannot be made to Foreign Indirect Investment domestic Federal Reserve (FED) clearing system. SWIFT BIC is 8 or 11 Accounts (FIIAs). alphanumeric characters: xxxxUSxx or xxxxUSxxxxx. • Additional Documentation: The beneficiary may be required to – As best practice, include beneficiary bank name and provide supporting documentation by the correspondent or address. beneficiary bank. Additional Information – VND in-country settlement requires no specific • The Fed or CHIPS reference number is used to confirm the receipt of documentation. funds. • Most domestic urgent transactions are electronic and processed the same day.

2020 Global Payments Guide Last Updated: November 13, 2020 For the most up-to-date version, please visit jpmorgan.com/visit/guide | 77 Vietnam Zambia Continued ZMW-

Payment Formatting Rules for VND Overview • Ordering Customer (SWIFT MT103 F50): Include account number, full • Information provided by the Beneficiary: Remitter should obtain all name (no initials) and address of the ordering customer. Use of required bank information from the Beneficiary (e.g. SWIFT BIC, initials can delay receipt of funds by the beneficiary. account number, and beneficiary bank address). • Beneficiary Customer (SWIFT MT103 F59): Include account number, • Central Bank: For additional information, please refer to: full name, and address of the beneficiary customer. Use of initials www.boz.zm. can delay receipt of funds by the beneficiary. Country Requirements/Restrictions – Account formats follow the Standard Chart of Accounts • Account Restrictions: Non-residents can hold local currency regulated by the Central Bank. The simplest format should have the accounts. first four-digits in SCA format followed by the currency code and the Payment Formatting Rules for ZMW number assigned by the bank. Ordering Customer (SWIFT MT103 F50): Include account number, full • Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with branch name (no initials), and address of the ordering customer. Use of identifier, full name and address of the beneficiary bank. Exact branch location must be included (e.g. Hanoi and Ho Chi Minh). initials can delay receipt of funds by the beneficiary. • Beneficiary Customer (SWIFT MT103 F59): Include account number, – If payment is being sent locally in VND, a local clearing bank full name (no initials) and full address (recommended). Use of initials code may be used instead of a SWIFT BIC. Local clearing bank codes may delay receipt of funds by the beneficiary. must be 8 alphanumeric characters, with the 1st and 2nd – representing the bank location. There are no specific beneficiary account number requirements in this country. – SWIFT BIC is 8 or 11 alphanumeric characters: xxxxVNxx or • Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with xxxxVNxxxxx. branch identifier (where required), full name, and address of the – The beneficiary bank branch location and province must be beneficiary bank. included in the payment instructions. – There are no specific bank clearing codes for this country for • Reason for Payment (SWIFT MT103 F70): Provide a reason for the cross-border payments. SWIFT BIC is key to routing payments to the payment (rent, salary, medical expenses, office expenses, etc.). beneficiary bank. Additional Information • For payments to Barclays Bank Zambia, a 6-digit branch code must • VND is a zero decimal currency; payments must be entered as whole be provided. Sample format: XX YY ZZ (XX represents bank code; YY amounts with no decimals to avoid rejection. represents area code; ZZ represents bank branch code). Depending on the beneficiary bank, value date for local clearing – SWIFT BIC is 8 or 11 alphanumeric characters: xxxxZMxx or payments is within one business day. xxxxZMxxxxx.

• Reason for Payment (SWIFT MT103 F70): Purpose of payment must

be clearly identified (rent, salary, medical expenses, office expenses,

etc.).

Additional Information

• Most banks are also open the first and last Saturdays of the month

for domestic services.

Value dates are generally within 48 hours of the spot deal date.

The following character representations and length indications are used: N Digits numeric characters c Upper and lowercase a Uppercase letter e Blank space | 77 alphanumeric characters alphabetic characters n Maximum length (A-Z, a-z, and 0-9) (A-Z only) nn! Fixed length

2020 Global Payments Guide Last Updated: November 13, 2020 For the most up-to-date version, please visit jpmorgan.com/visit/guide | 78

JPM Access Host-to-Host formats

Use this table in conjunction with your JPM Host-to-Host format-specific Client Guide to assist in providing the enclosed SWIFT-based country/currency requirements.

2020 Global Payments Guide Last Updated: November 13, 2020 For the most up-to-date version, please visit jpmorgan.com/visit/guide | 79

Version Control:

Country Currency Date Revisions Belize BZD November 2018 Removed as a currency Reason for Payment (SWIFT MT103 F72): The purpose of payment is required to be reported for all incoming and outgoing cross-border Philippines PHP November 2018 wire payments. Payments received without a specific purpose code may be cancelled and returned to the remitter. Provide a purpose for payment formatted as “/ACC/PURPOSE/XXXXXXXXXX” where “XXXXXXXXXX” is the Purpose code. Acceptable transaction Purpose codes can be provided upon request. Reason for Payment (SWIFT MT103 F70): A clear purpose of payment is mandatory and consists of a full written description of the nature Brazil BRL November 2018 of the payment to be provided in the remittance information (rent, salary, office expenses, etc.). Insufficient purpose of payment can result in errors or delays. Supporting documents will be required from the remitter by J.P. Morgan when transacting above 250,000 Malaysia Ringgit (MYR) sent Malaysia MYR November 2018 from J.P. Morgan accounts. Transactions without supporting documentation or with incomplete or unclear purpose code will be delayed or rejected. For transactions below 250,000 Malaysia Ringgit, support documents may be requested from the remitter. For accounts held in any of the JPM Asia branches, please send the scanned copy of the supporting documents to [email protected] . Belize BZD December 2018 Added back as a currency. United Arab Emirates AED February 2019 Please refer to the Central Bank of the United Arab Emirates’ payment purpose codes: https://www.centralbank.ae/sites/default/files/2018-09/BOP-PurposeOfPaymentCodesTable-EN-18092017.pdf Canada CAD March 2019 Updated Payment Formatting Rules for CAD South Korea KRW April 2019 Added purpose of payment for KRW Belarus BYN May 2019 Added BYN as a currency South Korea KRW June 2019 The Ministry of Economy and Finance (MOEF) was corrected The additional documentation amount was increased to 50,000 USD. Nigeria NGN June 2019 As of June 2019, Payments to individuals cannot be made in NGN. Any NGN wire or FX ACH payment to individuals will result in a rejection. Malaysia MYR September 2019 Removed the section “The remitter and beneficiary are responsible for completing forms P and R (overseas payment and receipt, respectively) when payment value exceeds MYR 200,000.” India INR September 2019 Updated F72 to include for specific purpose codes due to new Central Bank policy. Additional information section has a link to the specific codes. Namibia NAD September 2019 Updated beneficiary customer information to include requirement for 8-13 digit only account number. São Tomé and Príncipe STN September 2019 Updated currency abbreviation from STD to STN Cayman Islands KYD September 2019 Removed as a currency Icelandic Krona ISK October 2019 Added ISK as a currency Belarus Ruble BYN October 2019 Added BYN as a currency Myanmar Kyat MMK October 2019 Added MMK as a currency South Korea KRW October 2019 Updated KRW currency information Philippines PHP October 2019 Added link to Purpose of payment codes Malaysia MYR October 2019 Email address updated. “please send the scanned copy of the supporting documents to [email protected]” Malaysia MYR December 2019 Removed Additional information section Updated the threshold of 50k to 200k for any person purchasing, selling, depositing or withdrawing foreign currency to report it per Bank Thailand THB December 2019 of Thailand. Argentina ARS February 2020 Updated additional information section

The following character representations and length indications are used: N Digits numeric characters c Upper and lowercase a Uppercase letter e Blank space | 79 alphanumeric characters alphabetic characters n Maximum length (A-Z, a-z, and 0-9) (A-Z only) nn! Fixed length

2020 Global Payments Guide Last Updated: November 13, 2020 For the most up-to-date version, please visit jpmorgan.com/visit/guide | 80

Bangladesh BDT February 2020 Updated F57 information to include the 9 digit routing code and examples of format to include Beneficiary Bank Details Belize BZD February 2020 Updated F59 to include the requirement of 15 digit account for Belize bank limited. Colombia COP February 2020 Updated the additional information to include banks supported for COP and the threshold. Costa Rica CRC February 2020 Updated the beneficiary customer details to include the length of the tax ID. Eritrea ERN February 2020 Updated F57 information to include requirement of beneficiary bank branch address. Guinea Republic GNF February 2020 Updated the beneficiary customer details to include the length of account number which is 18 characters Honduras HNL February 2020 Updated Country Requirements/Restrictions section Kazakhstan KZT February 2020 Updated F70 information to include the format of the 7 digit purpose code. Malaysia MYR February 2020 Updated all the details to include recent requirements Mauritania MRO February 2020 Updated the additional information section and change currency code to reflect as MRU. Nepal NPR February 2020 Updated Country Requirements/Restrictions section. Nicaragua NIO February 2020 Updated the overview section. Pakistan PKR February 2020 Updated Country Requirements/Restrictions and additional information section. Seychelles SCR February 2020 Updated the overview section. Tanzania TZS February 2020 Updated the beneficiary customer details to include further details om requirement of 12 digit control number. Trinidad and Tobago TTD February 2020 Updated F70 to include requirement of 12 digit account number. Updated F70 to include requirement of the invoice details related to import and export goods payment, change in IDR threshold for Real Indonesia IDR February 2020 Time Gross Settlement (RTGS) and IDR receipts. Belarus BYN February 2020 Updated F70 to include formatting requirement of 9 digit tax ID. Multiple currencies February 2020 Updated the additional information section. Lesotho LSL March 2020 Updated F59 to include full beneficiary address as mandatory requirement. Philippines PHP March 2020 Updated the latest link for the purpose of payment codes. Pakistan PKR March 2020 Updated field 70 to include that purpose of payment as gift and donations are not permissible for individual beneficiary. New Zealand NZD March 2020 Updated the length of account number length Updated overview section to include payments to individuals from corporations/organizations are permitted again effective Nigeria NGN March 2020 immediately. South Korea KRW April 2020 Updated the Country requirement/restrictions section with the BOK reserve date information. Guyana GYD April 2020 Updated field 70 to include the requirement of 8 numeric digit transit code effective 1st May 2020 Lebanon LBP April 2020 Added LBP as currency. Chile CLP April 2020 Updated the central bank link for the purpose of payment codes. Honduras HNL April 2020 Updated field 70 to include the requirement of beneficiary Tax ID and type of account. Removed the statement ‘ Payments cannot be made to beneficiaries holding accounts with all local banking institutions’ as all Cambodia KHR June 2020 payments to all beneficiary banks locally for all types of beneficiaries are supported Saudi Arabia SAR June 2020 Updated field 70 to reflect purpose of payment as mandatory Egypt EGP June 2020 Updated field 59 to reflect 29 character IBAN as mandatory Effective 30th June 2020 Jordan JOD June 2020 Updated the link for POP codes - - June 2020 Updated the JPM Access Host-to-Host formats on page 78 India INR June 2020 Updated the purpose of payment code list link under the additional information section. Myanmar MMK June 2020 Updated field 70 to reflect 4-digit ITRS code (purpose of payment) as mandatory. Kazakhstan KZT June 2020 Updated field 70 to reflect 10 character EKNP code (purpose of payment) as mandatory. India INR October 2020 Updated the purpose of payment code list link under the additional information section. 2020 Global Payments Guide Last Updated: November 13, 2020 For the most up-to-date version, please visit jpmorgan.com/visit/guide | 81

Myanmar MMK October 2020 Updated the purpose of payment (ITRS) code list link under field 70. Updated field 59 to reflect 5 digit Transit Code (Branch Code) as mandatory preceding the 9 digit account number Jamaica JMD October 2020 (14 digits in total). Indonesia IDR October 2020 Updated field 72 to reflect the revised format required for FX reporting and added note on SKN INFO.

Updated the notional supported for Banco Caja Social BCSC (CASOCOBB) Colombia COP October 2020

Suriname SRD October 2020 Updated the additional information section that all local beneficiary banks supported for FX Payments. South Korea KRW October 2020 Updated all the details to include recent requirements

MYR November 2020 Malaysia Updated all the details to include recent requirements Mauritania MRU November 2020 Removed as a currency Updated field 72 to reflect the requirement of beneficiary email address for payments made from accounts outside of United States and Chile CLP November 2020 requirement of one time registration for remitting party . For payments greater than the equivalent of USD 10,000,

AZN November 2020 Azerbaijan Added as a currency Cayman Islands KYD November 2020 Added as a currency

Ukraine UAH November 2020 Added as a currency

Iraq IQD November 2020 Added as a currency

The following character representations and length indications are used: N Digits numeric characters c Upper and lowercase a Uppercase letter e Blank space | 81 alphanumeric characters alphabetic characters n Maximum length (A-Z, a-z, and 0-9) (A-Z only) nn! Fixed length

2020 Global Payments Guide Last Updated: November 13, 2020 For the most up-to-date version, please visit jpmorgan.com/visit/guide | 82

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