Thailand account holders: upcoming changes to Purpose of Payment codes effective 6 December 2020

As of 6 December 2020, we’ll be updating our list of Purpose of Payment codes available to use when sending Priority Payments in HSBCnet. Please review the following Purpose of Payment code changes:

1. From 6 December 2020, the Purpose of Payment codes 318145 (MOVE FCD ACCOUNT OF AFFILIATED BUSINESS) and 318210 (MOVE FCD ACCOUNT OF NONAFFILIATED BUSINESS) will be removed from HSBCnet and the following new Purpose of Payment codes can be used instead:

Purpose of Payment code	Description
318239	318239 MOVE FCD TC W/ GROUP FOR LOAN
318240	318240 MOVE FCD TC W/ GROUP FOR GOODS/SERVICES
318241	318241 MOVE FCD TC W/ GROUP FOR FX TRADING
318242	318242 MOVE FCD TC W/ GROUP FOR OTHER PURPOSES
318243	318243 MOVE FCD BETWEEN THAIS FOR GOODS/SERVICES
318244	318244 MOVE FCD BETWEEN THAIS FOR OVERSEA INVEST
318245	318245 MOVE FCD BETWEEN THAIS FOR OTHER PURPOSES

2. In addition to the codes above, the following Purpose of Payment codes will be newly added and available to use on 6 December 2020:

Purpose of Payment code	Purpose Description
318247	318247 MAINTENANCE FEE FOR MACHINERY AND EQUIPMENT
318236	318236 TXN WITH MARKET MAKER – GOLD
318237	318237 TXN WITH MARKET MAKER - OTHER UNDERLYINGS

3. Beginning 6 December 2020, the following Purpose of Payment codes will have their descriptions updated:

Purpose of Payment code	Existing Purpose Description	New Purpose Description
318028	CONSULTANT/MANAGEMENT/ TECHNICAL/OTHER FEES	CONSULTANT/TECHNICAL/ SPECIALIST FEES
318224	DEPOSIT FCY WITH FI ABROAD-FOR SECURITIES	FCY DEPOSIT WITH FI ABROAD-FOR INVESTMENT