The
Head/Principal Offices of all
Authorized
Dealers in Foreign Exchange.
Dear
Sirs,
Monthly
Foreign Exchange Returns-
Clarification On Reporting For New FCAs (FE-25)
With the adoption of BPM-5, vide FE
Circular No. 8 dated the 19th April 2003, in addition to
other requirements; a mechanism has been developed for reporting
of new Foreign Currency Accounts (FE 25) by classifying
transactions of these accounts in Code Lists No. 5 &
7. For further clarification, the same are reproduced below:
O-FINANCIAL
ACCOUNTS
Code No. Description
I)
Short Term Capital (RECEIPTS)
9524 Borrowings by banks within Pakistan
– FCA
9525
Withdrawals in Equivalent Pak Rupees from FCA-residents-individuals
9526
Withdrawals in Equivalent Pak Rupees from
FCA-residents-enterprises-Direct investment.
9527
Withdrawals in Equivalent Pak Rupees from
FCA-residents-enterprises-Portfolio investment.
9528
Withdrawals in Equivalent Pak Rupees from
FCA-residents-enterprises-other purpose
9529
Withdrawals in Equivalent Pak Rupees from FCA-residents-General
government
9531
Withdrawals in Equivalent Pak Rupees from FCA-non-residents
9532
Foreign currency accounts of residents- individuals
9533
Foreign currency accounts of residents- General government
9534
Foreign currency accounts of residents-enterprises
9535
Foreign currency accounts of non-residents
9536
Foreign currency accounts – NBFI’s
SWAPS
9537 Short-term SWAPS- inter-bank
9538
Short-term SWAPS-abroad
Placements
9539 Withdrawal of Placements made within
Pakistan
9541
Withdrawal of Placements made outside Pakistan
9542
Withdrawal from the balance of CRR/SCRR- SBP
Trade
Finance
9543 Replenishment of FCA from inter bank
for settlement of FX loan
(Pre-shipment) to exporters
9544
Replenishment of FCA from inter bank for settlement of FX
loan
(Post-shipment) to exporters
9545
Receipts against FX loan to importers
III)
Other long-term Capital
9642 Borrowings by banks within Pakistan-FCA
O-FINANCIAL
ACCOUNT
Code No. Description
I)
Short-term Capital (PAYMENTS)
1522
Foreign currency accounts of residents- individuals
1523
Foreign currency accounts of residents- General government
1524
Foreign currency accounts of residents-enterprises
1525
Foreign currency accounts of non-residents
1526
Foreign currency accounts – NBFI’s
SWAPS
1527 Short-term SWAPS
1528
Repayment by banks - abroad
1529
Repayment by banks within Pakistan
1531
Repayment by others
Placements
1532 Placements within Pakistan
1533
Placements abroad
1534
Deposits with SBP for CRR/SCRR
Trade
Finance
1535 Sale to SBP of FX loans (Pre-shipment)
to exporters
1536
Sale to SBP of FX loans (Post-shipment) to exporters
III)
Other Long-term capital
1642 Repayment by banks within Pakistan-
(FCA)
SWAPS
1643 Long-term SWAPS
Placements
1644 Placements within Pakistan-(FCA)
1645
Placements made outside Pakistan
All
Authorised Dealers are therefore required to report the
transactions under new Foreign Currency Accounts Scheme
on Schedule J/O-3 (Invisible & Capital Receipts) and
on Schedule E3/P-3, E4/P-4 (Invisible & Capital Payments)
with immediate effect.
