Depending on the country, currency, payment methods and payment purpose that you choose, there are specific RFI requirements to follow.
China Payout (Local Payment Rail)
For USD or CNY payout to China via local payment rail, pending on the purpose code, a list of documents are required before we send your transaction for execution.
RFI requirements for SWIFT payout to ChinaCurrently, if you use to payout to China via SWIFT payment method, there is no RFI required. But the purpose code is still required.
Purpose code and required documents
Depend on the purpose code that you have chosen, please refer to this table below for required documents.
| Purpose Code | Required Documents | Required | Description |
|---|---|---|---|
| EXPORTED_GOODS-PRE_PAYMENT | PURCHASE_ORDER | YES | Purchase order for the pre-payment order |
| EXPORTED_GOODS-POST_PAYMENT | DELIVERY_SLIP-LOGISTIC_BILL | YES | Logistics bill for the post-payment order |
| DELIVERY_SLIP-CUSTOMS_DECLARATION | YES | Customs declaration for the post-payment order | |
| PURCHASE_ORDER; INVOICE; CONTRACT | ONE OF THEM | Provide one of them: purchase order or contract or invoice of the post-payment order | |
| DELIVERY_FEES | DELIVERY_SLIP-BILL_OF_LADING | YES | Bill of lading (BOL) legal document issued by a carrier (shipping company, freight forwarder, or logistics provider) to the shipper of goods |
| CONTRACT; INVOICE | ONE OF THEM | Provide one of them: contract or invoice | |
| TRAVEL | PURCHASE_ORDER-FLIGHT_TICKET | YES | Purchase order for the flight tickets |
| TRAVEL_DOCUMENT | YES | Travel documents (e.g. visa or passport) | |
| PURCHASE_ORDER-HOTEL_BOOKING | YES | Purchase order for the hotel bookings | |
| HOTEL_ACCOMMODATION | PURCHASE_ORDER-HOTEL_BOOKING | YES | Purchase order for the hotel bookings |
| SERVICE_CHARGES-COMMISSION_ON_GOODS; SERVICE_CHARGES-COMMISSION_ON_SERVICES; SERVICE_CHARGES-ACCOUNTING_SERVICES; SERVICE_CHARGES-EXHIBITION_SERVICES | CONTRACT | YES | Contract of the service |
| INVOICE | YES | Invoice of the service | |
| DELIVERY_SLIP; PURCHASE_ORDER | ONE OF THEM | Other documents to prove the authenticity of the service transaction | |
| OFFICE_EXPENSES | CONTRACT | YES | Overseas companies or institutions paying office operating expenses to offices or representative offices established within the country. Contract signed for the office operating expense. |
| INVOICE | YES | Overseas companies or institutions paying office operating expenses to offices or representative offices established within the country. Invoice for the office operating expense. |
Purpose code
| Payment code | Description |
|---|---|
| EXPORTED_GOODS-PRE_PAYMENT | Export trade in goods for pre-payment |
| EXPORTED_GOODS-POST_PAYMENT | Export trade in goods for post payment. Customer also need to provide invoices, logistic bills, customer forms etc |
| DELIVERY_FEES | Freight services: Maritime / Air transport, postal and consignment service. Transport services, including maritime passenger transport, air passenger transport, postal and courier/delivery services, etc. Service content: Overseas merchants pay domestic export enterprises or individuals for goods freight/transportation fees. |
| TRAVEL | Travel (Business / Tourism). Overseas companies pay domestic companies or individuals for travel-related service fees for official/business travel, other personal travel, medical and health-related travel, study-abroad and education-related travel, etc. |
| HOTEL_ACCOMMODATION | Overseas companies pay domestic companies or individuals for travel-related service fees including official/business travel, other personal travel, medical and health-related travel, study-abroad and education-related travel, etc. |
| SERVICE_CHARGES-COMMISSION_ON_GOODS; SERVICE_CHARGES-COMMISSION_ON_SERVICES; SERVICE_CHARGES-ACCOUNTING_SERVICES; SERVICE_CHARGES-EXHIBITION_SERVICES | Overseas companies/institutions pay domestic companies transaction commissions including: 1. Professional service: commission service provider, accounting services, exhibition services, office expenses for offices and representative offices, etc. 2. Other business services: specifically including commissions and related services for goods or service transactions, accounting services, exhibition services, and office operating expenses for offices and representative offices. |
| OFFICE_EXPENSES | Overseas companies or institutions paying office operating expenses to offices or representative offices established within the country. The beneficiary can only be the office within the country. |
Hong Kong Third-party Payout (SWIFT)
- INVOICE
- CONTRACT