Decree No. 514 / 2002 Coll.
Order setting out the conditions for determining the purpose of the payment payments needed for drawing up the balance of payments of the Czech Republic
Valid
Order
Effective from 01.01.2003
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514
DECLARATION
of 20 November 2002
laying down the conditions for determining the purpose of the payments needed for the compilation of the balance of payments of the Czech Republic
The Czech National Bank provides pursuant to § 41 paragraph 5 of Act No. 6 / 1993 Coll., on the Czech National Bank, as amended by Act No. 442 / 2000 Coll.:
(1) The condition for the compilation of the balance of payments of the Czech Republic is the marking of the purpose of payment payments by the payment titles listed in groups 1 to 9 of Annex 1 to this decree and by the special constant symbols referred to in Annex 2 to this decree.
(2) For the purposes of this Order, cash payments shall mean direct debits, payments, transfers, deposits and withdrawals made in the course of both cash and cash payments.
(1) Clients, banks and branches of foreign banks refer to the payment titles listed in groups 1 to 8 of Annex 1 to this Order for cash remuneration:
(a) between domestic (1) and foreign (2) and between domestic (2) and foreign (2) to and from abroad in Czech and foreign currency,
(b) between domestic and foreign nationals in the Czech Republic in foreign currency.
(2) The banks and branches of foreign banks refer to the cash payments between domestic and foreign residents carried out in foreign currency by the payment titles listed in Group 9 of Annex 1 to this Decree. This can also be done by clients.
(3) Clients, and in the case of their own operations, and in the case of branches of foreign banks, indicate the cash payments between domestic and foreign persons carried out in the Czech Republic in the Czech currency by special constant symbols which correspond to the respective payment titles according to Annex 2 to this Decree.
The procedure for foreign exchange points in making payments to and from abroad and towards foreign persons is laid down in specific legislation.3)
The designation of the purpose of payment payments by payment titles pursuant to Paragraph 2 (1) (a) shall not apply to payments made in euro from the Czech Republic to another Member State of the European Union or another State constituting the European Economic Area.
The measure of the Czech National Bank setting out payment titles for the purpose of payment, published in 89 / 2000 Coll. under No 36 in the section "Measures of Central Authorities," is hereby repealed.
This Decree shall enter into force on 1 January 2003, with the exception of Article 4, which shall take effect on the date of entry into force of the Treaty of Accession of the Czech Republic to the European Union.
Governor:
Doc. Ing. Tůma, CSc.
Příloha č. 1
Annex No 1 to Decree No 514 / 2002 Coll.
PAYMENT Titles
GROUP 1: INKASA AND GOODS PAYMENTS
Group 1 shall apply to direct debits and payments linked to the export and import of goods, the processing and repair of goods and financial leases.
110 EXPORT OF GOODS - direct debits for exported goods in the negotiated parity, including costs associated with the delivery of goods which are part of the invoiced price (e.g. transport, storage, insurance, commissions, assembly, interest), adjusted by adjustment items (e.g. return, cancellation, discounts). Receipts and payments related to the purchase of receivables are included.
112 FINANCIAL RENT (LEADING) - EXPORT - collection and possible payments associated with the export of goods in the form of a lease with subsequent sale, or repayment of payments already paid if subsequent sale is not made; Receipts and payments related to operating leases are not included (see group 2 and 3 payment titles).
120 IMPORTS OF GOODS - payments for imported goods in the negotiated parity, including costs associated with delivery of goods which are part of the invoiced price (e.g. transport, storage, insurance, commissions, assembly, interest), adjusted with adjustment items (e.g. return, cancellation, discounts). Receipts and payments related to the purchase of receivables are included.
122 FINANCIAL RENT (LEASING) - IMPORT - payments and possible collection associated with the import of goods in the form of a lease with subsequent purchase, or repayment of payments already paid, if no purchase is made; Receipts and payments related to operating leases are not included (see group 2 and 3 payment titles).
130 REEXPORT - the collection and payment for supplies of goods purchased and imported from abroad and without subsequent modification and change of own quality sold and exported.
132 PROCESSING - collection and payment of goods (under inward and outward processing).
135 CORRECTIONS - Receipts and payments related to the repair of goods.
190 TRANSACTIONS FROM THE USE OF DIRECTIONS AND CHECKS - direct debits and payments associated with the unidentified use of notes and cheques, i.e. if there is no identifiable reason for reimbursement.
195 TIME OF NON-IDENTIFIED PAYMENT TITULS - direct debits and payments associated with additional specification of payment titles, in particular direct debits. This is a replacement payment title allocated by a correspondent bank that mediates operations for the client of another bank and for its own operations under a specific law. 1)
GROUP 2 TRANSPORT SERVICES AND TRAVEL ARTS
Part of Group 2 - Transport services - concerns
(a) services associated with the carriage of goods at the time of export and import (except for costs calculated at the price of goods - see payment titles 110, 120), transit of goods through the Czech Republic, transport of goods between third countries and transport of mail;
(b) services related to the carriage of persons (fare, payment of ferries, etc.);
(c) other services related to the carriage of goods and persons, including the hire of means of transport with crew (for a limited period - usually a single journey).
Part of Group 2 - Tourism - relates to the purchase and sale of foreign currency funds to natural and legal persons, foreign exchange and crown direct debits and payments of entities engaged in foreign tourism.
TRANSPORT
210 RAILWAY COST - direct debits and payments associated with the carriage of goods by rail.
211 RAILWAY PERSONS - direct debits and payments connected with the carriage of passengers by rail.
212 RAILWAY OTHER - direct debits and payments associated with other rail transport services - e.g. loading and unloading of goods, storage, packaging, maintenance of transport equipment and other operating services at railway stations, rescue operations.
213 MARITIME COSTS - collection and payment related to maritime transport of goods, hire of cargo ships.
214 MARITIME PERSONS - collection and payment related to maritime passenger transport, hire of passenger ships.
215 MARINE OTHER - collection and payment of other maritime transport services - e.g. loading and unloading of goods, storage, packaging, maintenance of vessels and other operational services in ports, pilotage services, rescue operations including the removal of damaged vessels.
216 INLAND WATER COSTS - collection and payment associated with the river transport of goods, hire of cargo ships.
217 INLAND WATER PERSONS - collection and payment related to river passenger transport, hire of passenger ships.
218 INLAND WATER OTHER - Receipts and payments associated with other services in river transport - e.g. loading and unloading of goods, storage, packaging, maintenance of vessels and other operating services in ports, pilot services, rescue operations including the removal of damaged vessels.
219 AIR COST - collection and payment associated with the carriage of goods by air, hire of cargo aircraft.
220 AIR PERSONAL - collection and payment related to passenger air transport, hire of aircraft with crew for passenger transport.
221 AIR OTHER - collection and payment associated with other air transport services - e.g. loading and unloading of goods, storage, packaging, rescue operations, aircraft maintenance and other operational services at airports, air traffic control.
222 STRENGTH COST - collection and payment associated with the carriage of goods by road, hire of means of transport with crew for freight transport.
223 ROAD PERSONS - collection and payment related to the carriage of passengers by road, hire of means of passenger transport.
224 OTHER SIGNIFICANT - collection and payment of other road transport services - e.g. loading and unloading of goods, storage, packaging, maintenance of means of transport and other operating services.
226 COMBINED TRANSPORT - direct debits and payments associated with the use of combined transport, e.g. rail and road transport.
This appropriation is intended to cover commitments remaining to be settled from previous years.
235 POPULAR TRANSIT - collection and payment associated with the transit of oil and gas through the Czech Republic, transmission of electricity.
239 OTHER TRANSPORT SERVICES - direct debits and payments associated with other services not eligible under each mode of transport - e.g. customs duties, customs security.
_
Payment titles 260 to 295 relate only to tourism. Checks, notes, purchases and sales of foreign currency and credit cards relating to the business are referred to by payment titles according to the nature of the transaction.
260 CURRENT MONETARY PURCHASE - purchase of ballots and cheques in foreign currency for Czech currency in the form of banknotes, coins and cheques with the exception of purchases made by extra-bank exchange offices - see payment title 285. On the side of payments are registered returns of unused CZK.
262 PURCHASE OF THE EXISTING MONETARY FOR PHYSICAL PERSONS In CZK - purchase of Valutes and cheques in foreign currency for Czech currency with the addition of an exchange amount to the customer's crown account.
265 THE PURCHASE OF THE EXISTING MONETARY FOR THE LEGAL PERSON In CZK - purchase of Valutes and cheques in foreign currency for Czech currency with the addition of an exchange amount to the customer's crown account. The contributions from the casino to the crown account are also included.
270 SALE OF EXISTING MONEY FOR HOTOVOST - sale of Valutes and cheques in foreign currency for Czech currency in the form of banknotes, coins and cheques with the exception of sales made by over-the-counter exchange offices - see payment title 285. On the debits side, repayments of non-consumed foreign currency are registered.
272 SALES OF EXISTING MONETARY REPEALED FROM A PHYSICAL PERSON In CZK - sale of Valutes and cheques in foreign currency for the Czech currency with the write-off of the exchanged amount from the customer's crown account. On the debits side, repayments of non-consumed foreign currency are registered.
275 SALES OF EXAMINATION MONETARY FROM THE LEGAL PERSON ACCOUNT In CZK - sale of Valutes and cheques in foreign currency for the Czech currency with the write-off of the exchanged amount from the customer's crown account. On the debits side, repayments of non-consumed foreign currency are registered. These include, as a general rule, the sale of work-related funds and any refunds.
280 ACTIVE TRAVEL ARRANGEMENTS - collection and payment (or return) of natural and legal persons (e.g. travel agents, hotels) associated with services provided in the field of domestic tourism, cashless settlement between travel agencies, reimbursement of stays in the Czech Republic.
282 PASSIVE TRAVEL RUCK - payments and direct payments (or repayments) of natural and legal persons (e.g. travel agents, hotels) associated with accepted services in the field of tourism abroad, cashless clearing between travel agencies, reimbursement of stays abroad, including recreational accommodation.
IAS 1.54 (b)
295 TRANSACTIONS FROM THE USE OF PAYMENT CARTS - debits and payments resulting from payment card settlement. On the debits side, the use of payment cards by foreign residents in the country and on the payments side, the use of payment cards by domestic residents abroad, e.g. when buying in the retail network, payments in restaurants, hotels.
GROUP 3. OTHER SERVICES
Under Group 3 payment titles, direct debits and payments associated with the provision of all types of services of a commercial and non-commercial nature, excluding transport services and tourism shall be recorded.
310 POST SERVICES - recovery and payment related to postal services.
311 CURRENT SERVICES - Credits and payments related to courier services.
312 TELECOMMUNICATIONS AND RADIO-COMMUNICATION SERVICES - direct debits and payments related to telecommunications and radio communications services.
315 CONSTRUCTION AND MONITORING WORKS IN FOREIGN - collection and payment related to construction and assembly works, including project preparation (excluding construction and assembly costs included in the price of goods).
318 CONSTRUCTION AND MONITORING WORKERS IN THE TERRITORY - collection and payment of construction and assembly works, including project preparation (excluding construction and assembly costs included in the price of goods).
320 PROFIT OPERATIONS WITH GOODS - direct debits and payments for goods purchased and resold abroad without crossing the customs border.
325 CORRECTIONS - Receipts and payments for repair of goods which did not exceed the customs limit (not included in Group 1).
326 INSURANCE OF GOODS - direct debits and payments associated with the insurance of goods against damage or loss during transport (when exported and imported). Insurance of goods is not included if it is part of the price of such goods (see payment title 110,120).
327 INSURANCE (INSURANCE) - direct debits and payments related to transfers of premiums and claims between insurance and reinsurance undertakings.
328 AID SERVICES FOR INSURANCE - Receipts and payments for other insurance services - commissions to agents, fees for brokering and consultancy services in risk assessment and assessment, damage management and recovery.
330 OTHER INSURANCE - direct debits and payments related to the insurance of property and persons against accidents, i.e. all types of insurance, except those included in the price of goods and services, life and pension insurance - e.g. accident and health insurance, transport insurance, travel insurance, credit insurance, insurance related to payment cards.
332 ENVIRONMENTAL AND PENSION INSURANCE - life insurance collection and payments (e.g. for the survival of a certain age or death) and supplementary pension insurance.
335 FINANCIAL SERVICES - Credits and payments for financial services (excluding interest and insurance services) provided by banks and other financial institutions. These are services in relation to both clients and banks - fees for services related to, for example, opening letters of credit, settlement of payments, exchange operations, management of accounts, provision of credit including mortgage, issuance of credit cards, securities and financial derivatives, asset management, securities, invoicing fees, financial leasing, credit rating.
340 REKLAMA - collection and payment for advertising, advertising and advertising services, market research and opinion polls.
345 Legal services - collection and payment of legal services (excluding asset management).
346 ACCOUNTING AND AUDITOR SERVICES - Receipts and payments related to accounting and auditing services, tax consultancy (excluding asset management).
347 ADVICE ON ENTERTAINMENT AND MANAGEMENT, PUBLIC RELATIONSHIP (RELATIONS) SERVICES - Receipts and payments related to business advisory and assistance activities and the creation of relations with the public and institutions - e.g. business policy and strategies, project management, production and financial, marketing, personnel sector, technical and professional studies.
348 RENTAL - collection and payment for rental of buildings and equipment (including e.g. seasonal rent).
352 RENT OF MACHINERY AND EQUIPMENT - collection and payment for the hire of machinery and equipment (operating hire) excluding the hire of means of transport with crew (see Group 2 payment titles).
355 RESEARCH AND DEVELOPMENT - collection and payment of basic and applied research and development services in technical and social fields.
360 AUTORIAN HONORARY, LICENCES - Receipts and payments associated with the use of intellectual property rights - copyright and related rights and industrial rights, such as patents for inventions, utility designs, industrial designs, trade names and the right to use a computer program. Receipts and payments associated with the purchase and sale of these rights are not included (see payment title 640).
361 PROTECTIVE MARKS, FRANCING - Receipts and payments related to fees for the use of trademarks and fees for franchises, i.e. for the use of design (products, form of sale) and technological processes, including fees for teaching, assistance and promotion.
365 CALCULATION TECHNICAL SERVICES - Receipts and payments for computer services - e.g. software development, installation, software support, operator services, consultations and seminars related to the operation and concept of computer equipment.
368 INFORMATION SERVICES - Receipts and payments for information services - e.g. press agencies, media, presentation of information via a remote access network (Internet), book lending, individual subscriptions to newspapers and magazines.
369 SERVICES BETWEEN UNDERTAKINGS UNDER DIRECT INVESTMENTS - transfers of funds between a parent and a subsidiary concerning operational needs, overhead costs and other services (not applicable to loans granted and received).
370 DIPLOMATIC REPRESENTATION OF THE CZECH REPUBLIC IN FOREIGN - transfers of appropriations related to the activities of diplomatic and consular representations abroad (operating, equipment and other costs related to their activities).
372 FOREIGN DIPLOMATIC STAFF IN THE CZECH REPUBLIC - transfers of appropriations in connection with the activities of diplomatic and consular representation of foreign states.
375 GOVERNMENT REVENUE AND EXPENDITURE - recovery and payments in connection with participation in peacekeeping forces, such as the UN, NATO.
376 OTHER GOVERNMENT REVENUE AND EXPENDITURE - Recoveries and payments related to administrative expenditure, such as sending humanitarian missions abroad (non-military), information and promotion centres and offices abroad.
378 INTERNAL SERVICES - Receipts and charges for brokering goods and services (commissions), with the exception of services provided by banks and financial institutions.
380 OTHER COMMERCIAL NATURE SERVICES - collection and payment for the purchase and sale of translation and interpretation services, services associated with the activities of staffing agencies, security and search agencies, real estate agency activities, maintenance of premises, camera services and studies, services related to the distribution of electricity, water, gas.
382 AUDIOVISUAL SERVICES - collection and payments related to film and music records, television and radio programmes - fees for distribution rights to film and television programmes and transmission rights for sports events, theatre, music, circus and other performances (for a limited number of productions), rewards for artists, directors, musicians for production abroad.
384 EDUCATION SERVICES - Receipts and payments related to training services - e.g. teaching activities, fees for participation in seminars, conferences, correspondence courses, tuition fees.
385 CULTURE, FEATURES, SPORT AND RECREATION services - collection and payment of cultural, sporting, recreational and entertainment services (e.g. libraries, museums, archives, exhibitions).
386 HEALTH AND VETERINARY SERVICES - collection and payment of medical treatment of persons and animals, laboratory services, transfers of medical and social equipment to and from abroad.
387 AGRICULTURE SERVICES - collection and payment related to agricultural activities (provision of agricultural mechanisation, protection against insects and diseases, increase in yield, breeding, breeding), forestry, fishing and hunting.
388 SERVICES IN THE FIELD OF WASTE ECONOMY - recovery and payment related to waste disposal (including nuclear), disposal of environmental damage caused by mining and industrial activities, decontamination and rendering.
390 TECHNICAL SERVICES - collection and payment related to technical services - e.g. design, design and design work, construction supervision, product testing and certification, technical inspection.
392 TRAINING SERVICES - collection and payment of raw materials extraction and processing (geological survey, conquest of raw materials). Receipts and payments for the right to mine minerals shall not be included, the use of inland waters and other activities specified in payment title 550.
395 CURRENCE OF THE CZECH FIREM IN FOREIGN - collection and payments associated with company representation costs. The cost of wages belonging to Group 4 shall not be included.
397 STAFF OF FOREIGN FIRES IN THE CZECH REPUBLIC - collection and payments associated with company representation costs. The cost of wages belonging to Group 4 shall not be included.
GROUP 4: WORKING REVENUE
Transfers of funds acquired for work are included.
410 TRANSFERS OF WORKING REVENUE FOR SHORT-TERM STAFF - transfers of wages, salaries and other remuneration received by natural persons during a working stay abroad of less than 1 year (relates to domestic and foreign residents in the Czech Republic). It also applies to cases where a Czech company employs foreigners with a place of work abroad.
412 TRANSFERS OF WORKING REVENUE FOR LONG-TERM STAFF - transfers of wages, salaries and other remuneration received by natural persons during a working stay abroad for more than 1 year (concerns domestic abroad and foreigners in the Czech Republic). It also applies to cases where a Czech company employs foreigners with a place of work abroad.
GROUP 5 REVENUE FROM PROPERTY AND ENTERTAINMENT
Group 5 records pensions linked to financial assets and liabilities.
510 REVENUE FROM DIRECT INVESTMENTS - recovery and payments associated with the transfer of a share in the profit of a direct investment to be distributed (dividends, tantoms) and other forms of profit participation, e.g. net income from the rental of real estate.
520 PORTFOLIO INVESTMENTS - direct debits and payments associated with portfolio investment income transfers (e.g. dividends).
530 INTEREST - DIRECT INVESTMENTS - interest collected and paid on loans granted and received under direct investment.
532 INTEREST - PORTFOLIO INVESTMENTS - interest collected and paid on portfolio investments (e.g. bonds).
535 INTEREST ON FINANCIAL AND OTHER CREDIT AFFAIRS - Interest collected and paid on financial and special-purpose loans granted and received in relation to foreign banks and foreign financial institutions and other entities. Interest on government loans is also included.
538 INTEREST ON TRADE CREDIT - Interest collected and paid on commercial loans not included in the price of goods, i.e. group 1.
540 INTEREST ON DELIVERY - interest collected and paid on deposits and forward transactions.
550 GROUND PENSIONS - land collection and payments resulting from land ownership, i.e. land rent, agricultural, built-up, land use, forest land, inland waters and mineral resources.
GROUP 6 TRANSFERS
Group 6 refers to ordinary and capital transfers.
610 TRANSFERS (NON-ADVERSE) - AID, DISTRIBUTION, APOD. - collection and payment in connection with transfers of funds to both natural persons (e.g. dowry, aid, compensation, gifts up to CZK 10,000 including, transfer of funds to support studies, insurance compensation) and legal persons.
612 GRANDFATHER AND DARY - collection and payment in connection with transfer of inheritance and gifts over CZK 10,000. Gifts up to CZK 10.000 are included under payment title 610.
615 EXEMPTIONS AND PAYMENTS RESULTING FROM THE TRANSFER OF THE AMOUNT TO THE EMPLOYMENT.
618 PENZE - collection and payment resulting from old-age and other pensions.
620 CONTRIBUTIONS TO INTERNATIONAL ORGANISATIONS FROM THE STATE BUDGET - Receipts and payments related to contributions to international organisations from budgetary appropriations.
622 CONTRIBUTIONS TO INTERNATIONAL ORGANISATIONS OUTSIDE THE STATE BUDGET - recovery and payments in connection with contributions to international organisations from outside the budget.
625 TRANSFER RELATED TO COLLECTION - transfer of funds related to population migration.
628 FOREIGN ASSISTANCE - collection and payment of voluntary contributions to international and non-governmental institutions, subsidies, scholarships and other forms of financial assistance, grants.
630 SUBSIDY - Non-refundable subsidies intended exclusively for operating purposes (not involving loans, capital injections).
632 FINES, PENALS - recovery and payment in connection with the payment of fines, periodic penalty payments and other penalties, judicial expenses and judicial fees. Where fines or periodic penalty payments relate directly to the supply of goods or services, they shall form part of the relevant payment title.
635 TAXES AND CHARGES - collection and payment of taxes and charges - e.g. inheritance, donation, income tax (interest, dividends), property and income tax, administrative charges.
640 PURCHASE AND SALE OF OWN RIGHTS AND NON-FINANCIAL ASSETS - Receipts and payments related to the purchase and sale of intellectual property rights - copyright and related rights and industrial rights, such as patents for inventions, utility designs, industrial designs, trademarks, trade names and the right to use a computer program. The purchase and sale of land for diplomatic representation of the Czech Republic abroad and foreign diplomatic representation in the Czech Republic are also registered under this payment title.
650 OTHER FINANCIAL TRANSFERS - transfers of funds for the purpose of further investment in financial and non-financial assets (e.g. purchase of securities, establishment of a company). Where the purpose of the use of funds is known, the payment title from Group 7 or Group 8 shall be assigned directly.
652 CONTRIBUTIONS AND WINS - contributions to interest organisations and associations, registration fees, games and lotteries.
653 CONTRIBUTIONS AND CONTRIBUTIONS TO FUNDS AND FUNDS - recovery and payments related to transfers of appropriations to foundations and foundations.
GROUP 7 TRANSACTIONS WITH FINANCIAL ACTIVITIES IN RELATION TO THE FOREIGN
Group 7 refers to transactions in financial assets related to abroad. These are transactions carried out by domestic residents abroad.
710 FOREIGN DIRECT INVESTMENTS - direct debits and payments for purchase and sale of equity by domestic abroad. This is a direct investment, i.e. one where an investor owns or acquires at least 10% of the capital of a trading company or cooperative or at least 10% of the equity of a company or at least 10% of the voting rights or any other share in the business of a company exceeding 10%. This includes both increases and reductions in the capital of direct investment abroad and transfers related thereto.
712 SHORT-TERM FINANCIAL CREDIT BASED ON DIRECT INVESTMENT - Receipts and payments in connection with borrowing and repayment of loans granted between domestic investors and their direct investment abroad with a maturity of up to and including 1 year.
715 MEDIUM-TERM AND LONG-TERM FINANCIAL CREDIT BASED ON DIRECT INVESTMENT - Receipts and payments in connection with borrowing and repayment of loans granted between domestic investors and their direct foreign investments with a maturity of over 1 year.
718 FOREIGN PORTFOLIO INVESTMENTS - direct debits and payments for the purchase and sale of ownership abroad. This is an investment where the investor's share is less than 10% of the core capital of a company or cooperative or does not exceed 10% of the equity capital of the company or does not exceed 10% of the voting rights or where another investor's share in the company's business does not exceed 10%.
720 CREDIT SECURITISATIONS - Credits and payments for the purchase and sale of foreign debt securities with a maturity of up to 1 year.
722 FOREIGN SECURITISATIONS MULTILITY AND LONG-TERM - Credits and payments for the purchase and sale of foreign debt securities with a maturity of over 1 year.
This is the total amount of subordinated mutual member accounts that meet the criteria for Tier 2.
735 PURCHASE AND SALE OF IMMOVITY IN FOREIGN - Receipts and payments in connection with the purchase and sale of real estate abroad, with the exception of the purchase and sale of land listed in payment title 640.
740 CREDIT SHORT-TERM ACCOUNTS - Receipts and payments in connection with the drawing and repayment of loans to foreigners for a period of less than 1 year including for a specified purpose.
742 CREDIT SHORT-TERM FINANCIAL (WITHOUT CERTAIN PURPOSES) - drawdown and repayment of loans, including syndicated loans, granted to foreigners for less than 1 year inclusive without specifying the purpose (including repo-operations).
745 AMOUNT OF CURRENT AND LONG-TERM ACCOUNTS - Receipts and payments in connection with the drawing and repayment of loans to foreigners for a period of more than 1 year for a specified purpose.
748 AMOUNT OF MEDIUM-TERM AND LONG-TERM FINANCIAL (WITHOUT CERTAIN PURPOSES) - drawdown and repayment of loans, including syndicated loans, granted to foreigners for a period of more than 1 year without specifying the purpose (including repo-operations). Government loans are also included in this payment title.
750 ELIGIBLE AND ELIGIBLE SELECTION - deposits and withdrawals from current accounts and deposit accounts abroad with a maturity of up to and including 1 year.
752 SUBSIDY OF ACCOUNTS - subsidy of nostro accounts between domestic and foreign correspondent banks.
755 INSTRUMENTS AND SELECTIONS FROM INSTRUMENTS OF MEDIUM-TERM AND LONG-TERM INSTRUMENTS - Deposits and withdrawals from deposit accounts abroad with a maturity of over 1 year.
760 CONVERSION, ARBITRATION AND OTHER OPERATIONS - collection and payments resulting from spot and spot transactions with foreign exchange values (foreign currencies, foreign securities).
762 MONEY MANAGEMENT MANAGEMENT (CASH-POOLING, ZERO BALANDING) - the collection and payment resulting from the management of cash flows within holdings, companies etc., carried out by cash- pooling centres abroad, in which the funds are transferred between the accounts of the system participants and the pool administrator.
770 MEMBERS IN INTERNATIONAL ORGANISATIONS - direct debits and payments in connection with the payment of membership shares in international monetary and financial organisations.
790 SECURITISATION OF FOREIGN UNDERTAKINGS - direct debits and payments associated with the performance of the foreign liability. Recoveries and payments related to guarantees for syndicated loans are also included.
GROUP 8 TRANSACTIONS WITH FINANCIAL LIABILITIES IN RELATION TO FOREIGN
Group 8 relates to transactions in financial liabilities that are related to abroad. These are transactions carried out by foreigners in the country.
810 DIRECT INVESTMENTS OF THE TERM - direct debits and payments for the purchase and sale of foreign participation. This is a direct investment, i.e. one where an investor owns or acquires at least 10% of the capital of a trading company or cooperative or at least 10% of the equity of a company or at least 10% of the voting rights or any other share in the business of a company exceeding 10%. Both the increase and the reduction in the share capital of the direct investment in the country and the transfers related thereto are included.
812 SHORT-TERM FINANCIAL CREDIT BASED ON DIRECT INVESTMENT - Receipts and payments in connection with borrowing and repayment of loans granted between foreign investors and their direct domestic investments with a maturity of up to and including 1 year.
815 MEDIUM-TERM AND LONG-TERM FINANCIAL CREDITS RELATING TO DIRECT INVESTMENT - Credits and payments in connection with borrowing and repayment of loans granted between foreign investors and their direct domestic investments with a maturity of over 1 year.
818 TOURISM PORTFOLIO INVESTMENT - direct debits and payments for the purchase and sale of foreign participation. This is an investment where the investor's share is less than 10% of the core capital of a company or cooperative or does not exceed 10% of the equity capital of the company or does not exceed 10% of the voting rights or where another investor's share in the company's business does not exceed 10%.
820 SHORT-TERM SECURITISATIONS - Credits and payments for the purchase and sale of domestic debt securities with a maturity of up to 1 year.
822 LONG-TERM SIGNIFICANT SECURITISATIONS - direct debits and payments for the purchase and sale of domestic debt securities with a maturity of over 1 year.
The amount to be reported in column 060 of this row:
835 PURCHASE AND SALE OF FOREIGN IMMOVITY - direct debits and payments in connection with the purchase and sale of immovable property by a foreign national within the scope of the foreign exchange law, with the exception of the purchase and sale of land covered by payment title 640.
840 CURRENT ACCOUNTS - Recoveries and payments in connection with drawing and repayment of loans received from foreigners for less than 1 year including for a specified purpose.
842 CURRENT FINANCIAL CREDIT (WITHOUT PURPOSE) - Receipts and payments in connection with borrowing and repayment of loans, including syndicated loans, received from foreigners for a period of less than 1 year inclusive without specifying the purpose (including repo-operations).
845 CURRENT AND LONG-TERM ACCOUNTS - Receipts and payments in connection with drawing and repayment of loans received from foreigners for a period of more than 1 year for a specified purpose.
848 ADDITIONAL CREDITS OF MEDIUM-TERM AND LONG-TERM FINANCIAL (WITHOUT CERTAIN PURPOSE) - Receipts and payments in connection with borrowing and repayment of loans, including syndicated loans, received from non-residents for a period of more than 1 year without giving a purpose (including repo-operations). This item includes government loans.
850 ELEMENTS AND SELECTIONS FROM PROMPT AND SHORT DEVICES - Deposits and withdrawals from current accounts and foreign holding accounts deposited in domestic banks with a maturity of up to and including 1 year.
852 SUBSIDY OF ACCOUNTS - change in the status of loro accounts with domestic banks due to transactions carried out by a stranger.
855 INSTRUMENTS AND SELECTIONS FROM INSTRUMENTS OF MEDIUM-TERM AND LONG-TERM INSTRUMENTS - deposits and withdrawals from foreign holding accounts deposited in domestic banks with a maturity of over 1 year.
862 MONEY MANAGEMENT MANAGEMENT (CASH-POOLING, ZERO BALANDING) - the collection and payment resulting from the management of cash flows within holdings, companies, etc., carried out by cash-pooling centres in the country where the funds are transferred between the accounts of the system participants and the pool administrator.
890 SECURITISATION OF THE TERMS 'UNDERTAKING - Receipts and payments associated with the fulfilment of the domestic obligation. Recoveries and payments related to guarantees for syndicated loans are also included.
GROUP 9. OTHER TRANSFERS NOT INCLUDED IN PAYMENT - BILANCES
In Group 9, relations between domestic entities are recorded among each other, relations between foreign entities, carried out in foreign currency in the domestic or through foreign accounts of correspondent banks. These relationships are only reported by banks and branches of foreign banks (hereinafter "the bank '); the payment title 950 and 952 may also be indicated by the client. Transactions between domestic and foreign persons in foreign currency are identified by payment titles from Group 1 to 8.
910 TRANSFERS INSIDE THE BANK - transfers between branches and central banks (excluding branches of domestic banks abroad and branches of foreign banks in the country) or between accounts within one organisational unit of the relevant bank.
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Regulation Information
| Citation | Decree No. 514 / 2002 Coll., laying down the conditions for determining the purpose of the payments needed for the compilation of the balance of payments of the Czech Republic |
|---|---|
| Regulation Type | Order |
| Author | - |
| Collection | Code of Laws |
| Date of Promulgation | 13.12.2002 |
|---|---|
| Effective from | 01.01.2003 |
| Effective until | - |
| Status | Valid |
The regulation text is for informational purposes only.
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