Purpose Codes for Cross Border Payments
Dear All,
Please note that the Central Bank of Bahrain has introduced a new regulation requiring the Purpose of Payment to be specified for cross-border payments originating from accounts in Bahrain and all cross-border inward payments. Validations of purpose of payments for such payments will start from 31st MAY 2021.
Please find attached a list of Purpose codes for your convenience.
If you have further queries or require additional clarification from BNP Paribas, please do not hesitate to contact your Client Service representative on 80011001 (toll free), or contact us through email at csd.bahrain@bnpparibas.com