Customers with accounts in the Mexico: mandatory Purpose of Payment codes for cross-border (international) payments

Please review the below for detailed information on how to include Purpose of Payment codes in your cross-border payments from accounts in Mexico.

Cross-border payments submitted on-screen in HSBCnet

We recommend that you start updating your relevant payment templates today with valid Purpose of Payment codes.

Select the appropriate code information in the Regulatory reporting field (highlighted below) when making on-screen payments in HSBCnet:

For the SWIFT codeword, select /BENEFRES/ or /ORDERRES/ (both are valid)
Choose MX Mexico from the country list.
Select the Add Payment Purpose code button to choose a relevant code for your payment.

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Cross-border payments submitted via the File Upload service

If you are submitting Priority Payment/Customer Transfer files using the File Upload service, please refer to the field details provided in the table below:

File Format	Description
PAYMUL	FTX+ABY
XML ISO20022 (v2)	<RgltryRptg><RgltryDtls><Inf>
XML ISO20022 (v3)	<RgltryRptg><Dtls><Inf>
MT103	:77B:
MXINTL	CSV: Column 28 and TXT: Position 728 with the Purpose of payment
The Purpose of payment should contain the following information: /BENEFRES/Country Code//Purpose of payment. Example: . /BENEFRES/MX//01 Country code should be 2 characters as per ISO standard.

Purpose of Payment codes for cross-border payments from accounts in Mexico:

Purpose of Payment code	Description
01	Payment to suppliers
02	Tax payment
03	Payment to headquarters
04	Payment to subsidiaries
05	Credit payment
06	Insurances payments
07	Trust payment
08	Bill payments
09	Credit card payment
10	Debit card payment
11	Payroll payment
12	Payment of investment
13	Payment other operations
14	Payment to local suppliers
15	Payment to local customers
16	Payment to border suppliers
17	Payment to border customers
18	Investment
19	Payments of goods
20	Grant of loan
21	Loan payment
22	Others