Decision on Keeping Separate Records on Foreign Current and Capital Transactions and their Reporting to the Central Bank of Montenegro

Pursuant to Article 44 paragraph 2 point 3) of the Central Bank of Montenegro Law (OGM 40/10, 46/10 i 06/13) and Article 6a paragraph 3, and in conjunction with Article 6 of the Law on Foreign Current and Capital Transactions (OGRM 45/05 and OGM 62/08), at its meeting held on 31 January 2017, the Council of the Central Bank of Montenegro passed the following DECISION on keeping separate records on foreign current and capital transactions and their reporting to the Central Bank of Montenegro (OGM 08/2017 as of 3 February 2017) I BASIC PROVISIONS
Article 1
This decision regulates the manner of keeping separate records on foreign current and capital transactions and the submission of data on these transactions to the Central Bank of Montenegro.
Article 2
Residents – legal persons shall keep separate records on foreign current and capital transactions (hereinafter: the separate records). Residents – legal persons shall keep the separate records on foreign current and capital transactions specified under the law regulating foreign current and capital transactions.
Article 3
Data on foreign current and capital transactions shall be registered as separate records as per the time of their occurrence to be verified on the basis of document evidencing their conclusion. The separate records shall be kept in the form of a bound book, cards or as electronic records and/or in any other form that enables the verification of such records.
Article 4
Data on foreign current and capital transactions shall be submitted to the Central Bank of Montenegro (hereinafter: the Central Bank) in accordance with provisions of this decision.

II CONTENT OF SEPARATE RECORDS
Article 5
Resident – legal person shall enter in the separate records the following information on the transactions subject to recording:

• ordinal number and data entry date;
• designation and date of the document being the basis for payment
  or collection (pre-contract, contract, letter of intent, pro forma invoice, invoice, and the like);
• name and registered office of the non-resident with whom the
  transaction has been concluded;
• contracted transaction value;
• designation in whose name and for whose account the transaction
  has been concluded; and
• date, amount and the manner of the transfer of funds.
  Article 6
  In addition to information under Article 5 hereof, resident – legal person shall enter in the separate records the following information in particular:

1. on visible imports and/or exports:
2. number and date of the customs declaration,
3. the goods` country of origin, country from which the goods are imported
   and/or to which the goods are exported;
4. on foreign trade in services:
   a. inward and outward processing of goods:

• export of goods for outward processing and the import of goods
  previously exported for processing,
• import of goods for inward processing and the export of goods
  previously imported for processing,
• proceeds from processing services provided by non-residents,
• expenditure from processing services provided to non-residents;
  b. on operations involving international transport:
• revenues and expenditure of residents for transport services
  provided to non-residents,
• revenues from anciliary services provided to carriers – non￾residents and other non-residents,

c. on investment work abroad:

• name and registered office of the contractor – in case investment
  work is performed by several residents, names and registered offices of all participants in the work;
• type of the contracted investment work abroad (site preparation,
  construction works and civil engineering, installation and assembling of machines, equipment and plants, and the like);
• country in which the work is performed;
• value of the contracted work in euros;
• completion deadline;
• sources of funds (own and/or somebody else’s) for credit funding of
  the work;
• value of investments in the work through the export of domestic
  equipment or the purchase of equipment or other goods abroad in euros;
• completion and handover dates and the accounting;
• collected amount in euros;
• amount of funds retained in a foreign bank; and
• evidence of the transfer of funds from accounts after the completion
  of the investment work d. on non-resident insurance:
• revenues and expenditure of residents - insurance firms – from
  providing insurance and reinsurance services to non-residents,
• the amount of technical reserves;

3. on direct investments:

• investment date;
• other information to be submitted to the Central Bank in line with
  this decision;

4. on securities transactions:

• type of securities;
• the securities issuer and the home country of the issuer;
• name of the bank in Montenegro through which the payment has
  been made;

5. on residents` depositing in foreign credit and financial institutions:

• form of depositing, that is, the purpose for which the foreign
  account is opened;
• the number and date of the agreement on account opening and the

name and registered office of the foreign financial institution;

• the account number;
• the account expiration date and the account expiration extension
  date, and the approved account balance;
• date of recovery of funds in the country;
• the account closing date;
• other information to be submitted to the Central Bank in line with
  this decision;

6. on foreign credit operations:

• date and number of the concluded loan or guarantee agreement
  agreement and/or factoring agreement;
• the amount of the loan or the guarantee in euros;
• type and purpose of the loan or the guarantee;
• bank disbursing the loan;
• date of the loan transfer to the bank account in the country or
  abroad;
• interest rate and total interest amount;
• the loan or guarantee costs;
• information of the debt to equity swap and the loan debt write-off;
• the loan security instrument;
• other information to be submitted to the Central Bank in line with
  this decision.
  III REPORTING TO THE CENTRAL BANK
  Article 7
  Resident – legal person shall submit to the Central Bank the information from the separate records on:

1. direct investments;
2. foreign credit operations; and
3. balances and turnover of foreign accounts held by residents.
   Information under paragraph 1 above shall also be submitted to the Central Bank by:
   subsidiaries of foreign companies registered in the register of the competent authority in Montenegro, entrepreneurs and natural persons, sorted by the type of entities in line with this decision. Residents within the meaning of this decision shall be considered entities under paragraphs 1 and 2 above.

Article 8
A resident in which a non-resident holds at least 10% of shares/equity and a resident which holds at least 10% of shares/equity in a non-resident shall report to the Central Bank on activities of direct investments. Residents under paragraph 1 above shall submit to the Central Bank the information on direct investments as follows:

1. on non-resident`s investments in the country in the Form DI-1, and
2. on resident`s foreign direct investments in the Form DI-2.
   The Forms under paragraph 2 above are enclosed with this decision and make the integral parts thereof. Residents shall submit to the Central Bank the information on the previous year direct investments on the Forms DI-1 and DI-2:
3. on quarterly basis, no later than 25 days following the reported quarter, and
4. on annual basis, no later than by 15 April of the current year for the reported
   previous year.
   Article 9
   Residents shall submit to the Central Bank the information on foreign credit operations as follows:
5. on borrowing operations in the Form KZ-1, and
6. on lending operations in the Form KO-1.
   The Forms under paragraph 1 above are enclosed with this decision and make the integral parts thereof. Residents shall submit to the Central Bank the information on foreign credit operations on the Forms KZ-1 and KO-1:
7. on quarterly basis, no later than 25 days following the reported quarter, and
8. on annual basis, no later than by 15 April of the current year for the reported
   previous year.
   Article 10
   Resident shall submit to the Central Bank the information on foreign account balances and turnover in the Form RN-1.

The Form under paragraph 1 above is enclosed with this decision and makes the integral part thereof. Residents shall submit to the Central Bank the information on the previous month foreign account balances and turnover using the Form RN-1 on monthly level, no later than by the tenth day in the month following the reported month.
Article 11
The Forms under Articles 8, 9, and 10 hereof shall be filled in in line with the instructions for filling in forms enclosed herewith and coinsituiting an integral part herein. The Forms under Articles 8, 9, and 10 herein shall be submitted to the Central Bank electronically via the Central Bank internet portal „Resident Reporting”, in line with the user instructions for resident reporting on foreign current and capital transactions published on the Central Bank`s website. Electronic access and filling in of the Forms under Articles 8, 9, and 10 shall be made in line with the regulations governing electronic documents, electronic signature, electronic trading, and information security, as well as general acts of teh Central Bank regulating these issues. By way of exception from paragraph 2 above, the Central Bank may, in exceptional cases, allow a resident to submit the forms from Articles 8, 9, and 10 herein in some other manner. Izuzetno od stava 2 ovog člana, Centralna banka može, u opravdanim slučajevima, omogućiti rezidentu da obrasce iz čl. 8, 9 i 10 ove odluke dostavi na drugi način. IV VERIFICATION AND USE OF INFORMATION
Article 12
Residents shall be responsible for the accuracy of information under this decision and they shall allow the verification of accuracy of this information at the Central Bank’s request.
Article 13
The Central Bank shall use the information specified in this decision for the purpose of preparation of the balance of payments statistics and the monitoring of private external debt and direct investments. The Central Bank may make the information under paragraph 1 above public only in aggregate form.

V TRANSITIONAL AND FINAL PROVISIONS
Article 14
Exceptionally from Articles 8 and 9 herein, residents shall submit the annual information on the balance of foreign direct investments and credit operations as at 31 December 2016 no later than by 28 April 2017. Exceptionally from Articles 8 and 9 herein, residents shall submit the quarterly information on the balance of foreign direct investments and credit operations as at 31 March 2017 no later than by 15 May 2017. Exceptionally from Article 10 herein, residents shall submit to the Central Bank monthly information on the balance and turnover in their foreign accounts in January 2017 no later than by 25 February 2017.
Article 15
Decision on keeping separate records on foreign current and capital transactions and their reporting to the Central Bank of Montenegro (OGM 38/10) shall be repealed with effect from the date of entry into force of this decision.
Article 16
This decision shall enter into force on the eighth day following that of its publication in the Official Gazette of Montenegro. Decision no. 0101- 678-2/2017 Podgorica, 31 January 2017

COUNCIL OF THE CENTRAL BANK OF MONTENEGRO
CHAIRMAN
GOVERNOR,
Radoje Žugić, MP

FORM DI-1
REPORT ON NON-RESIDENTS’ DIRECT INVESTMENTS IN THE COUNTRY BASIC INFORMATION Reporting period Responsible person Period/Year Responsible person’s address INFORMATION ON RESIDENT Responsible person’s e-mail ID number Name of resident Information on the person filling in the form Resident’s office address (street and number) Name and surname Municipality Accounting agency Resident’s status Phone Activity (main activity) E-mail Date of founding Date of entry (dd-mm-yyyy) Type of entity Type of investment INFORMATION ON NON-RESIDENT Name of non-resident Non-resident’s office Country of non-resident Type of entity Non-resident’s activity (main activity) Country of parent company Type of foreign investment Share in capital (in %) BALANCE OF NON-RESIDENT’S EQUITY INVESTMENTS

Name of non-resident
Opening balance New balance
CAPITAL
Initial capital Positive revaluation reserves
Unpaid subscribed capital Negative revaluation reserves Issuing premium Undistributed profit from the current period Statutory reserves Loss from the current period Statutory and other reserves Undistributed profit from the previous periods Loss from the previous period TRANSACTIONS Transaction number Type of change Month of transaction Manner of payment Amount 1 2 Total transactions OTHER CHANGES Currency differentials Debt-for-equity swop Amount of other changes State changes Total amount of other changes DIVIDENDS Name of non-resident Passing a decision on dividend payment Dividend payment Paid dividend from the current period Paid retained profit from the previous periods Total Month Year Month Year _________________________ (Stamp and signature)

FORM DI-2
REPORT ON RESIDENTS’ DIRECT INVESTMENTS ABROAD BASIC INFORMATION Reporting period Responsible person Period/Year Address of responsible person INFORMATION ON RESIDENT E-mail of responsible person ID number Name of resident Information on the person filling in the form Office address of resident (street and number) Name and surname Municipality Accounting agency Status of resident Phone number Activity (main activity) E-mail Date of founding Date of entry (dd-mm-yyyy) Type of entity Type of investment INFORMATION ON NON-RESIDENT Name of non-resident Office address of non-resident Country of non-resident Type of entity Activity of non-resident’s (main activity) Country of parent company Type of foreign investment Share in capital (in %)

BALANCE OF RESIDENT’S EQUITY INVESTMENTS
Name of non-resident
Opening position Closing position
CAPITAL
Initial capital Positive revaluation reserves
Unpaid subscribed capital Negative revaluation reserves Issuing premium Retained earnings from the current period Legal reserves Loss from the current period Statutory and other reserves Retained earnings from the previous periods Loss from the previous period TRANSACTIONS Transaction number Type of change Month of transaction Manner of payment Amount 1 2 Total transactions OTHER CHANGES Exchange rate changes Debt-for-equity swop Amount of other changes Specify type of other changes Total amount of other changes DIVIDENDS Name of non-resident Making a decision on dividend payment Dividend payment Paid dividend from the current period Paid retained profit from the previous periods Total Month Month Year Month Year ________________________________________ (Stamp and signature)

Form KZ–1
REPORT ON BORROWING OPERATIONS ABROAD
BASIC INFORMATION
Reporting period Responsible person
Period/Year Address of responsible person
INFORMATION ON RESIDENT E-mail of responsible person ID number Name of resident Information on the person filling in the form Office address of resident (street and number) Name and surname Municipality Accounting agency Status of resident Phone number Activity (main activity) E-mail Date of founding Date of entry (dd-mm-yyyy) Type of entity Type of investment INFORMATION ON NON-RESIDENT Name of non-resident Office address of non-resident Country of non-resident Type of entity Activity of non-resident’s (main activity) Country of parent company Type of foreign investment Share in capital (in %)

INFORMATION ON LOANS
Name of non-resident
LOAN
Type of agreement
Date of agreement
Loan type
Security instrument
Government guarantees (Montenegro)
Maturity
Loan agreement currency
Loan repayment currency
Agreed amount
Disbursed amount
PRINCIPAL
Debt position at the beginning of the reporting period Increase of principal Principal due for payment Principal repaid in the reporting period Capitalized interest Exchange rate changes Other (specify state the type of change) Other (amount) Debt position at the end of period Total outstanding principle

INTEREST
Type of interest
Interest rate
Total interest on loan
Position at the beginning of the period
Accrued interest for the reporting period
Repaid interest
Capitalized interest
Other (specify the type of change)
Other (amount)
Position at the end of the period
Accrued outstanding interest
Total accrued interest not yet payable

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(Stamp and signature)

FORM KO–1
REPORT ON LENDING OPERATIONS ABROAD
BASIC INFORMATION
Reporting period Responsible person
Period/Year Responsible person’s address
INFORMATION ON RESIDENT Responsible person’s e-mail ID number Name of resident Information on the person filling in the form Resident’s office address (street and number) Name and surname Municipality Accounting agency Resident’s status Phone Activity (main activity) E-mail Date of founding Date of entry (dd-mm-yyyy) Type of entity Type of investment INFORMATION ON NON-RESIDENT Name of non-resident Non-resident’s office Country of non-resident Type of entity Non-resident’s activity (main activity) Country of parent company Type of foreign investment Share in capital (in %)

INFORMATION ON LOANS
Name of non-resident
LOAN
Type of agreement
Date of agreement
Loan type
Security instrument
Government guarantees
Maturity
Loan agreement currency
Loan repayment currency
Agreed amount
Recorded amount
PRINCIPAL
Debt balance at the start of the reporting period Increase of principal Matured principal Principal repaid in the reporting period Capitalised principals Currency differentials Other (state the type of change) Other (amount) Debt balance at the end of period Total outstanding matured obligations INTEREST

Type of interest
Interest rate
Total interest on loan
Balance at the start of the period
Accrued interest for the reporting period
Repaid interest
Interest accrued to principal
Other (state the type of change)
Other (amount)
Debt balance at the end of period
Accrued outstanding interest
Total accrued unmatured interest

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(Stamp and signature)

FORM RN–1
REPORT ON THE FOREIGN ACCOUNT BALANCE AND TURNOVER BASIC INFORMATION Reporting period Responsible person Period/Year Address of responsible person INFORMATION ON RESIDENT E-mail of responsible person ID number Name of resident Information on the person filling in the form Office address of resident (street and number) Name and surname Municipality Accounting agency Status of resident Phone number Activity (main activity) E-mail Date of founding Date of entry (dd-mm-yyyy) Type of entity Type of investment

INFORMATION ON THE ACCOUNT TURNOVER
Account number
Name of the foreign bank with which the account has been opened Country of the foreign bank with which the account has been opened Opening balance New balance TRANSACTIONS Transaction number Type of transaction Transaction code Name of the foreign partner Country Amount 1 2 Total transactions REFUND* BIC of the bank in the country Number of refund order

• This field is filled in only in the case of refund (see –User Guide).

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(Stamp and signature)

Instruction for filling in
Forms DI-1, DI-2, KZ-1, KO-1 i RN-1
Certain terms used in the forms DI-1, DI-2, KZ-1, KO-1 and RN-1 have the following meanings:

1. Data on resident
   Status indicates whether a resident regularly operates or is in the process of bankruptcy or liquidation. Activity represents main activity for which the resident is registered. Type of entity designates one of the entities classified according to the following codebook:
   CODEBOOK OF THE TYPE OF ENTITY
   Code of the kind of entity for residents
   Code of the kind of entity for non￾residents
   Description
   S.1 S.2
   S.11 S.21 NON-FINANCIAL SECTOR
   S.11001 S.21101 Public non-financial companies 110011 Public services of local governments 110012 State-owned comanies S.11002 S.21102 Other non-financial companies and entrepreneurs S.11003 S.21103 Non-financial companies controlled from abroad, esidents in Montenegro (only a
   part of a foreign company)
   S.12 S.22 FINANCIAL SECTOR
   S.122 S.222 Depository institutions other than the central bank (banks) S.123 S.223 Funds preserving the value of assets (cash funds) S.124 S.224 Investment funds S.125 S.225 Other financial intermediaries, except insurance companies and pension funds S.126 S.226 Supporting financial institutions S.127 S.227 Companies engaged in the transfer of financial funds and lenders S.128 S.228 Insurance/reinsurance company S.12801 S.22801 Public insurance companies S.12802 S.22802 Private insurance companies S.129 S.229 Pension funds S.12901 S.22901 Public pension funds S.12902 S.22902 Private pension funds S.13 S.23 GENERAL GOVERNMENT S.1311 S.2311 Central government (state agencies and organizations) S.1313 S.2313 Local governments S.1314 S.2314 Social insurance funds S.14 S.24 NATURAL PERSONS S.15 S.25 NON-PROFIT INSTITURIONS PROVIDING SERVICES TO HOUSEHOLDS S.26 INSTITUTIONS AND BODIES OF THE EUROPEAN UNION S.27 INTERNATIONAL ORGANIZATIONS THAT ARE NOT IN THE EU

Type of investment means an investment classified according to the following code book:
CODEBOOK OF THE TYPES OF INVESTMENTS
Code Description
1 Establishment of a new company (green field investment) 2 Taking over a part of the equity of other domestic or foreign legal or naturl persons (brown field investment) 3 Taking over a part of the equity in the privatization process 4 The establishment of a foreign company subsidiary Accounting agency means an entity to which a resident, in accordance with the Accounting Law, entrusted bookkeeping and preparation of financial statements.
2) Data on non-resident
Type of foreign investment means one of the foreign investments classified according to the following codebook:
CODEBOOK OF THE TYPES OF FOREIGN INVESTMENT
Code Description
A Direct foreign investor (founder/owner)
B Branch (reverse investment)
FA Horizontally associated companies belonging to the group of companies of the direct foreign investor FB Horizontally associated companies belonging to the group of companies of non-resident branch C There is no ownership relationship Share of capital (in%) is the share in the capital of a resident which a non-resident has at the end of the reporting period, or in a non-resident capital which resident has at the end of the reporting period.
3) Data on equity investments
Opening position means a state of investments of non-resident/resident at the beginning of the reporting period. Closing position means a state of investments of non-resident/resident at the end of the reporting period.
4) Data on capital
Intitial caital refers to the part of the initial capital from the balance sheet that belongs to a non-resident/resident based on the ownership share. Retained subscribed capital means reserved capital from the balance sheet that belongs to a non-resident/resident based on the ownership share.

Issue premium means the issue premium balance sheet belonging to a non￾resident/resident based on the ownership share. Legal reserves means the legal reserves based on the ownership share of non￾resident/resident. Statutory and other reserves mean the statutory and other reserves based on the ownership share of non-resident/resident. Positive revaluation reserves means positive revaluation reserves based on the ownership share of non-resident/resident. Negative revaluation reserves means negative revaluation reserves based on the ownership share of non-resident/resident. Retained earnings from the current period means retained profit in the current reporting period on all grounds that on the basis of the share in capital belong to a non￾resident, except for the increase resulting from the correction of significant material errors and changes in accounting policies, if any. The loss from the previous period means the loss which, on the basis of the share in capital belongs to a non-resident/resident from earlier periods, if any. Retained earnings from the previous periods means retained profit in the previous reporting period on all grounds that on the basis of the share in capital belongs to a non￾resident/resident, except for the increase resulting from the correction of material errors and the effects of changes in accounting policies made in the previous reporting period, if any. Loss in the current period means the loss, which on the basis of the share in capital belongs to a non-resident/resident in the period to which the report relates, if any.
5) Data on transactions and other changes
Transactions mean the difference between initial capital from the previous and the current period. The initial capital which belongs to the investor on the basis of the share may be increased or decreased due to the purchase or sale of shares (cash transactions) or on the basis of non-cash transactions (for example: assets, rights, licensing, real estates, and the like). Other changes mean the increase or decrease in initial capital due to the conversion of debt into capital or exchange rate differences.

6. Data on dividends
   Dividends paid in the current period mean the total amount of dividends paid in the reporting period, out of profits realized in the current period, which belong to a non￾resident/resident on the basis of share in capital. Paid retained profit from previous periods means the total amount of dividends paid in the reporting period, from profits realized in previous periods (accumulated profit), which belongs to a non-resident/resident on the basis of share in capital.
7. Data on loans
   7.1. Loan
   Type of contract means one of the following legal operations: loan agreement, revolving, reprogramming, refinansing, syndication, compensation, converting cash in credit deal, sale/assignment of claims to non-resident/resident and the conversion of debt to capital. Type of loan means one of the following legal operations: financial loan, cmmodity loan, financial leasing, short-term credit line - overdraft on the account of a resident/non￾resident with foreign/domestic bank according to contract and other credit-legal operations Security instrument means one of the following collateral: mortgage, collateral, guarantee, bill of exchange and other security instruments. Maturity means the period in which the loan is concluded, as follows: short-term - up to 1 year and long-term that can be from 1 to 3 years, 3 to 5 years and more than 5 years. Loan currency means the currency in which the loan is concluded. Repayment currency means the currency in which the loan is repaid. Contracted amount means agreed amount of loan denominated in euros. Disbursed amount means total amount of the loan which is realized in euros.
   7.2 Principal
   Debt position at the beginning of the reporting period means balance of debt principal at the beginning of the reporting period. The increase in principal means the amount by which principal increased in the reporting period.

Matured principal means the amount of principal that matured during the reporting period. Principal repaid in the reporting period the amount of principal that is repaid during the reporting period. Capitalized interests mean the amount of capitalized interests, where the capitalization of interests involves the conversion of accrued interests to the principal. Thus, new interests are accounted on this new principal. Exchange rate changes mean the amount of incurred foreign exchange differences. Other (specify the type of change) means the type of changes that affect the increase or decrease in debt (for example: debt write-off, conversion of debt into capital, debt assumption and the like.) Other (amount) means the amount for which the debt increased or decreased. Debt position at the end of period means the total debt balance based on principal at the end of the reporting period. Total outstanding principle means the balance of total outstanding matured liabilities based on principal at the end of the reporting period, including earlier periods.
7.3. Interests
Type of interest means the type of contractual interest, namely: without interest, fixed rate, interest included in the principal, variable interest rate - EURIBOR, LIBOR, and other types of interests. Interest rate means the amount of interest rate in percentages. Total interest on loan means the total amount of accrued interest on the loan. Position at the beginning of the period means the overall debt balance based on interest at the beginning of the reporting period. Accrued interest for the reporting period means the amount of matured interest during the reporting period. Repaid interest means the amount of interest that is paid in the period referred to in the report. Capitalized interest means the amount of interest on principal for the reporting period.

Other (specify the type of change) means the type of change in interest rate.
Other (amount) means the amount for which the debt from the interest increased or decreased. Position at the end of the period means the debt from interest balance at the end of the reporting period. Accrued outstanding interest means total debt balance on the basis of the matured unpaid interest at the end of the reporting period. Total accrued interest not yet payable means the remaining amount of debt on interest at the end of the reporting period, including the earlier periods.
8) Data on account transactions
The account number means the number of resident's account with a foreign bank.
Name of the foreign bank where the account is held means the name of the foreign bank where the account is opened by a resident. Country of the foreign bank where the account was open means the country code according to ISO 3166 in which the foreign bank has its headquarters. Opening balance means account balance at the beginning of the reporting period, expressed in euros. New balance means the account balance at the end of the reporting period.
9) Data on account transactions
Type of transaction means the increase or decrease of funds in the account, depending on how the transactions affect the account balance Transaction code means one of the transactions classified according to the following codebook:
CODEBOOK OF TRANSACTIONS BASES
Description Collections from abroad
Payments to abroad
I. TRANSACTIONS BETWEEN RESIDENTS AND NON-RESIDENTS
CURRENT ACCOUNT – GOODS
 Goods include all collections/payments of exports and imports of goods, after exports or imports. The collection/payments to carriers of goods sold in ports or at airports, if there is a customs declaration form filled out during import and/or export. Payment of goods purchased and charging for goods sold within intermediation activities are included in the item Other intermediation activities. 112 112  Advance collection and payments (advance payments) up to 90 days when exporting or importing 506 106

goods includes collection of goods before the export, and/or payment for goods before import. This item excludes advance payments based on performing investment works abroad.  Collection of export of goods and/or payments of import of goods without customs declaration includes export/import of books, professional literature, sale of goods to foreigners, including charging for or paying of goods sold in harbours, docks and airports to carriers if there were no customs declaration form filled out during import and/or export, regardless if the payments and/or collection was performed before or after the delivery of goods. 147 147  Write-off of differences at invoiced value of goods 650 650  Accrual of differences at invoiced value of goods 651 651  Received coverages for loro (export) letters of credit 514  Intermediation activities include all collections and payments within intermediation services. Intermediation is defined as purchase of goods by a resident from a non-resident resold to a non-resident without goods entering the country. 516 116 CURRENT ACCOUNT – SERVICES INWARD AND OUTWARD PROCESSING AND REPAIR  Services of goods processing include collections/payments for services of inward and outward processing of goods (oil refinement, processing operations in textile and metal industry, processing operations in shipbuilding, assembling, labelling, packaging, and the like) performed by enterprises 1 that are not owners of goods being processed. This item includes only the value of service and material used, but not the value of goods being processed. It excludes installation of construction elements (included in construction services), the repair of computer equipment (included in computer services), and maintenance of devices and equipment on terminals/ports (included in transport services). 315 315  Repair and maintenance (servicing) of goods includes maintenance and repair performed by residents on goods owned by non-residents (and vice-versa). The value of maintenance or repair includes all parts or materials purchased by maintenance staff and which are included in fees. This item also includes repair and maintenance of ships, aircrafts and other means of transport are in. It excludes payments for repairs performed by construction and fitter companies (see Investment works, construction and installation), the repair of computer equipment (see Telecommunication, computer and information services), and maintenance of equipment and devices at airports and in ports (see Air transport – other and Maritime transport – other). Parts and materials calculated separately have to be included in goods. 314 314 TRANSPORT Maritime transport includes all maritime transport services  Passenger transport 202 202  Freight transport 201 201  Other 208 208 Air transport includes all air transport services  Passenger transport 242 242  Freight transport 241 241  Other 248 248 Road transport includes all road transport services  Passenger
transport 252 252  Freight transport 251 251  Other 258 258 Railway transport includes all railway transport services  Passenger transport 222 222  Freight transport 221 221  Other 228 228 Inland waterway transport refers to international waterway transport in rivers, canals and lakes. It includes all inland waters inside one country, as well as those in two or more countries.

1
Note: The term “enterprise” in the codebook means local companies and other residents and/or foreign companies

• Passenger transport 232 232
• Freight transport 231 231
• Other 238 238
  Passenger transport includes transport of non-residents in international transport by domestic vehicles, transport of residents by foreign vehicles, transport of passengers in the country by foreign vehicles, including other costs occurring during transport of passengers (costs of excess baggage, food and drink in the vehicles, and the like). This item excludes transport of non-residents by domestic vehicles within the country (see Tourism). Freight transport includes transport of goods and loading and/or unloading services if there is a contract between the owner of goods and the carrier which envisages that carrier should perform those services. Other includes all types of services in harbours, airports and other terminal lines. These services cover:
  cargo, loading, unloading, storage, warehousing, packaging, maintenance and cleaning of transport equipment, towing and salvaging of vehicles, renting of berths (e.g. annual berths), as well as fees and margins of agents for execution of cargo and passenger transport services). This item excludes services of renting vehicles with crew (see Renting of vehicles with crew), exploitation costs of carriers (see Other transport related services), other warehousing of goods (see Other business and technical services). Other transport services  Electric energy transmission – includes services for transmission of electric energy by means of high voltage transmission lines through connected group of lines and associated equipment between points of suppliers and points where it is converted into a low-voltage electricity for delivery to consumers or delivery to other electric systems. These services include fees for the transmission of electric energy when it is separated from the production and distribution processes. This item excludes electric energy distribution services (which are included under the item Other transport related services) and only the provision of electric energy. 213 213  Oil and gas pipeline transport services include international transport of goods through pipelines, oil transport and transport of related products and gas. This item excludes distribution services, usually from substations to consumers (which are included under Other transport related services), as well as the value of transported products (which are included under Goods). 214 214  Freight forwarding services 270 270  Renting vehicles with crew for a specific period 218 218  Other transport related services include exploitation costs, road fees, transit duties, overflight duties. 219 219  Postal and courier services cover services supporting telecommunication services and other similar services: postal and telegraph services, gathering, transport and delivery of letters, newspapers, magazines, brochures, other printing materials and packages, as well as services performed in post office, and service of renting post boxes. 249 249 TRAVEL - TOURISM  Purchase/sale of foreign cash from/to non-residents. This item excludes purchase/sale of cash from residents (see Transactions between residents and neutral transactions) 701 701  Purchase/sale of cheques from/to non-residents (retransfer for unused euros). This item excludes purchase/sale of cheques from residents (see Transactions between residents and neutral transactions). 699 699  Sale and/or purchase of domestic currency abroad 707 707  Payments abroad for foreign issuers’ sold cheques - 341  Tourist services include travel agencies’ services including advance payments, accommodation services – hotels and other accommodation, restaurants, organisation of excursions, etc. 702 895  Other includes sale of goods and other services to tourists, fishing and hunting permits, vouchers sold for toll fees for
  vehicles with foreign licence plates and petrol vouchers 705 702  Casinos cover purchase of cash from games on chance and/or sale of cash for casinos 713 713  Business trips abroad include total costs of residents’ business trips, except exploitation costs which are included in transport costs. This item covers purchase of goods and services by business passengers. In addition, it includes acquisition of goods and services for their own use by seasonal, border and other workers that are non-residents in the country where they have been working.
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   Business expenses for non-residents in the country 342 -  Health services to tourists include costs and fees for medical treatments in hospitals, spas, and rehabilitation centres, as well as medical care expenses, etc. 401 804  Total education-related expenditures include scholarships, tuition fees, specialisation 812 812

INVESTMENT WORKS, CONSTRUCTION AND INSTALLATION  Construction works in the country include construction and installation services, including imported equipment and goods purchased by non-resident for projects works that do not exceed one year. This item excludes payments of profit from performed investment works (included into Profit from performed investment works in the country and abroad) 317 317  Advance payments for performing construction works include advances, i.e. inflows for interim situations and calculations (they refer to enterprises that require a separate bookkeeping for a business unit or payment of taxes in the country of their investment activity), as well as payments abroad based on performing investment (construction) works in the country. This item excludes payments of profit from performed investment works (include it in 420 Profit from performing investment works in the country and abroad). 421 421  Construction works in the country performed by non-residents cover investment works in the country performed by non-residents shorter than one year and they refer to the preparation of site, construction works and civil engineering, installation and assembling of machines, equipment and plants, construction repairs. This item excludes preparation of site for mining, extraction of oil and gas (included in 306 Services relating to agriculture, mining and manufacturing industries, including waste processing services) and payments of income from investment (construction) works completed (which is included in 420 Profit from performing investment works in the country and abroad). 475 475  Construction works performed in the country over one year cover collections and all payments, including advance payments based on investment (construction) works performed by non-residents in the country over one year. 423 423  Construction works abroad cover construction works performed by residents abroad up to one year and they include services of construction and assembly, including purchase of equipment and goods abroad (by resident) for work on projects, preparation of sites, construction and civil engineering works, installation and assembling of machines, equipment and plants, services of renting construction equipment, construction repair. 422 422  Advance payments for construction works abroad cover prepayments based on investment works and/or inflows from interim situations and calculations (they refer to enterprises that have to keep separate accounting for business unit and pay taxes in the country where they perform their investment activity). This item excludes payment of profit from executed investment works (included in 420 Profit from performing investment works in the country and abroad). 424 424 INSURANCE  Insurance – premiums 259 259  Fees for insurance companies and voluntary pension funds 264 264  Fees of reinsurers 267 267  Reinsurance – premiums 268 268  Reinsurance – settlement of claims 269 269  Payment of
contributions in voluntary pension funds in the country include collections and payments made by non-resident based on pension contribution into voluntary pension funds in the country. 263 263 FINANCIAL SERVICES  Commission and costs of banking operations and other credit intermediation activities include fees and compensations related to: granting of loans and accepting of deposits, letters of credits, guarantees, financial lease, and settlement of claims between resident and non-resident insurer, financial consulting, financial asset management, payment cards operations, credit rating services, creditworthiness assessment services, and the like. 400 400  Commission and transactions with securities and financial derivatives 403 403 INDUSTRIAL PROPERTY RIGHTS  Licenses, patents, trademarks and other copyrights include payment/collection of fees for licenses and other fees for the use of copyrights. This item includes fees for licenses for reproduction or distribution of intellectual property that arises from produced originals or prototypes (such as property rights on books and manuscripts, computer programme equipment, sound carriers) and related rights (such as rights for life performance or for television, cable or satellite broadcasting). This item excludes Purchase and sale of patents and licenses (see Sale/Purchase of patents, licences and other non-financial assets) 301 301

• Franchise 410 410

TELECOMMUNICATION, COMPUTER AND INFORMATION SERVICES  Telecommunication services include sound transmission, transmission of information by phone or telex, telegrams, cable or satellite transmission, including contributions for satellite viewing, lease of satellites, electronic mail, etc. They also include mobile phone services, main internet network and network access, including internet access. This item excludes services of installing equipment for phone network since they are included in construction and services of databases (which are included in Information services). This item does not include value of transferred information. 245 245  Computer services include data processing, database related activities, programming, maintenance and repair of computer equipment, consulting in the area of computer science and all other services related to hardware and/or software. This item excludes fees for licenses for reproduction and/or distribution of software which are included in fees for the use of intellectual property (included in 301 Licenses, patents, trademarks and other copyrights). 302 302  Information services - services of news agencies – include providing of news, photos and important articles to the media. 312 312  Other information services include databases services of news agencies (establishing of databases, data storage, data publishing and databases publishing, including directories) on the network and through magnetic, optical or printed media and internet portals for searching (search engine services that find internet addresses for clients that enter key word). In addition, they include magazine subscriptions via post office, electronic transfer or other means, other services of providing network content, and library and archiving services. This item excludes sale of newspapers and magazines, which are included in Turnover of goods. Takeover of content other than software (which is included in Computer services) or audio or video content (included in Audio- visual and connected services) is included in information services. 313 313 OTHER BUSINESS SERVICES Research and development services  Research and development include fundamental and applied research, laboratory and other services, projects and studies, archaeological research, and registration fees for expert meetings. They also include commercial research connected with electronics, pharmacy and biotechnology. 303 303  Sale/Purchase of patents, licenses and other intangible equipment arising from research and development 770 770 Professional services and consulting management services  Advertising and market research includes advertising in media, at fairs, presentation of products abroad, and market research. 300 300  Legal services cover legal advisory services and representation in all legal, court and statutory proceedings, services of compiling legal documentation and instruments. 304 304  Accounting services cover services of keeping business books for
companies and other participants in economy, services of controlling accounting records and financial reports, tax planning services and providing advises to companies and preparation of tax documentation. 309 309  Services of business consulting and consulting with regard to management and public relation services cover entrepreneurial and business consulting, and registration fees for business meetings. They include management fees, management audit, advisory services regarding market management, human resources, managing production and projects; and consulting services, giving guidance and providing operating services concerning improvement of clients’ public image and their public relations with other institutions as well. 305 305  Services of market research and polls cover design, creation and marketing of advertisements of advertising agencies, media placements, including buying and selling advertising space, services of maintaining fair exhibits, advertising of products abroad, market research, telemarketing and polls for different issues. 325 325  Other services include custody and investigation services, translation and interpretation services, photographic services, utility services, bidding documents processing services 307 307 Technical, trading and other business services  Architectural services include transactions referring to construction planning and drawing up architectural concept design. 316 316  Engineer services cover planning, development and use of machines, materials, instruments, structures, processes and systems. This type of services includes planning, designing and studies provision related to the construction projects. This item excludes mining engineering (included in 323 Services related to mining and oil and gas extraction). 318 318  Scientific and other technical services cover geodetic surveys, cartography, product testing, and certification and technical testing and other related technical services. 321 321

Waste disposal and removal of pollution, agricultural and mining services  Services related to agriculture, mining and fishing including manufacturing industry include cover agricultural services related to agriculture, hunting, forestry, wood-cutting and fishing, and veterinary services. 306 306  Services related to waste disposal and removal of pollution cover gathering and disposal of waste, recovery, sanitary and other environmental protection services. It also includes environmental protection related services, such as reduction of carbon dioxide emissions that are not included into some other specific category. 322 322  Services related to mining and oil and gas extraction cover mining services provided on oil and gas fields, including drilling, installation of drilling towers, repair and installation and cementing of oil and gas wells. They include services related to testing and exploration of mineral deposits, as well as mining engineering and geological measurement of soil. 323 323 Operational leasing  Leasing of equipment includes all types of equipment leasing (machines, computers and other equipment). 489 489  Renting of transport vehicles without crew for a specific period includes renting of ships, airplanes and other vehicles without crew. 490 490 Trade related services  Agency and intermediation fees and other trade related costs includes fees for transactions with goods and services paid to traders, commodities brokers, dealers, auctioneers and commissioners. It excludes franchise fees (included in the Fees for the use of intellectual property not otherwise included), intermediation services related to financial instruments (which are included in Financial services), insurance intermediation services (included in Insurance ancillary services) and fees related to transport, like representation fees (included in Transport). 310 310  Warehousing, except for storage at railway stations, airports and ports (see Transport) 319 319  Quality and quantity control when taking over goods includes technical testing of goods, analysis and issuing of certificates. 280 280  Paying lease for business premises 320 320  Decrease of receivables from services - 308  Advance collections and payments up to 90 days from services, except advance payments in investment works and tourism (see Advances based on construction works). 507 107 PERSONAL, CULTURAL AND RECREATIONAL SERVICES  Audio-visual services include commission related to movie and video activities, radio and television activities, as well as fees for distribution rights and royalties. This item includes services and related fees concerning movies production (on filmstrip or movie), radio and television programme (live or recorded) and musical records. It also include renting of audio and visual and the related products, access to coded TV channels (such as cable or satellite services), mass produced audio visual products purchased or sold for permanent use delivered
electronically (data file transfer), fees to performers (actors, musicians, dancers), authors, and the like. This item excludes fees or licenses for reproduction and/or distribution of audio and visual products (included in fees for use of intellectual properties not included elsewhere). 409 409  Education services include services provided between residents and non-residents that refer to fees for services rendered by teachers, lectors, including courses and classes provided abroad. 811 811  Health services include services provided by physicians, medical nurses and paramedics and similar staff, as well as laboratory and similar services provided either remote or directly. They exclude all expenditures of passengers related to education and health (included in travel). 810 780  Services related with cultural heritage include services of museums, libraries, orchestras, other cultural activities and fees, membership fees of cultural organisations other than those that include persons outside country that are residents (included in Travel). 765 765  Sport and recreation cover services related to sport and recreational activities, including registration fees, membership fees, and the like. 760 760 GOVERNMENT GOODS AND SERVICES  Income and expenses of domestic embassies and consulates cover all transactions (with both goods and services) of embassies and consulates. 721 721  Services of military units and agencies cover all transactions (with both goods and services) of military units and agencies. 722 722  Other government goods and services not included elsewhere 723 723 CURRENT ACCOUNTS – PRIMARY INCOME LABOUR INCOME

 Salaries and compensations to employed seasonal workers, salaries and compensation to residents employed in foreign diplomatic missions and international organisations, i.e. personal income of non￾residents employed in our diplomatic missions abroad. 600 600  Revenues from supporting foreign diplomatic missions in the country and costs of domestic missions abroad 720 720 CAPITAL INCOME INCOME FROM DIRECT INVESTMENTS Income from equity investments  Dividends and other income from share in equity, i.e. from conducting economic activities abroad (transfer of profit), if it is direct investment (equity share 10% and over). 578 160  Profit from performed construction works in the country and abroad 420 420  Income from investments into immovable property includes payments based on land and immovable property lease between residents and non-residents (leases and the like). 444 444 Interest income  Interest on intercompany loan includes payment of interests on intercompany loan (payment of foreign capital that does not increase initial capital or return of such capital). 513 513 INCOME FROM PORTFOLIO INVESTMENTS Income from equity investments  Income from portfolio investments includes dividends and other income paid from the share in equity capital lower than 10%. 326 326  Income from share in investment funds covers income from investments made from investment fund portfolio reduced by operating costs. Net income of investment funds after deduction of operating costs belongs to shareholders. 327 327 Income from interests on investments in debt securities  Payment of interest to investments into bonds and bills of exchange 430 430  Payment of interest to investments into money market instruments 431 431 INCOME FROM OTHER INVESTMENTS (income from investments into other types of equity)  Interest to long-term loans, including interest from financial leasing (interests on intercompany loan are excluded). 510 110  Interest on short-term loans (interests on intercompany loan are excluded). 511 111  Interest on time deposits and demand deposits 512 512  Other costs from loans granted to foreign countries, i.e. loans taken from foreign countries 528 128  Payment of default interest 529 129  Income from investment of insurance policyholders includes total primary income made from investing in technical reserves of insurance. It includes reserves recorded by the insurance company as an obligation to policyholders. 509 509 CURRENT ACCOUNT – SECONDARY INCOME  Assistance and gifts to public sector include assistance and gifts to public sector and/or public sector support. 802 801  Support and grants of other sectors include payments between residents and non-residents in the form of monetary gift, inheritance, sustenance and other gifts and assistances to other sectors and/or from other sectors. 767 767  Current international cooperation includes money transfers between different countries or between countries and international organisations. A
portion of international cooperation includes cooperation with the EU institutions. 805 805  Other public transfers cover received taxes, awards, regular transfers of government institutions to international organisations and vice versa, fees for foreign technical assistance, membership fees and other transfers. 803 803  Annuities, pensions, disability and other sectors’ social benefits include payments of contributions for social security in favour of foreign funds or states, and payments of pensions and other social benefits from foreign funds to residents. 800 800  Annuities, pensions, disability and other social benefits – government include payments of contributions for social security from non-residents on behalf of social funds in the country and payments from these funds and other social benefits to non-residents paid by government funds in the country. 806 806  Taxes and fees of the government cover court deposits, bails, fines, duties, rewards, visa issued, tax reliefs and the like. 892 892

 Other public transfers (taxes, rewards, etc.) 769 769  Foreign remittances to domestic natural persons 780 -  Foreign remittances to accounts of domestic natural persons, i.e. payments to foreign countries from accounts of domestic natural persons 781 894  Workers’ remittances in favour of legal persons. Workers’ remittances to their accounts; workers’ remittances in favour of social insurance organisations based on the pension insurance of workers and health insurance of their families 782  Insurance related transfers include settlement of claims where the policyholder in foreign insurer and beneficiary are residents, i.e. policyholder in domestic insurer and beneficiary are non-residents. 260 260  Insurance related transfers cover settlement of claims where the policyholder in foreign insurer is non￾resident and beneficiary is resident, i.e. policyholder in domestic insurer is resident and beneficiary is non￾resident. 261 261

CAPITAL ACCOUNT - CAPITAL TRANSFERS
PUBLIC SECTOR
 Transfers of the public sector to non-residents and transfers of non-residents to the public sector include money transfers that increase fixed capital in the country: e.g. monetary subsidies for investment projects and intergovernmental damages paid at government level, concessions for economic resources, forests, springs and the like). It excludes concessions for infrastructure (see Financial account – investments in equity securities – foreign capital investments in domestic companies). 901 901  Debt relief covers voluntary write-off of the entire or part of debt within agreement between the creditor and the debtor. 902 902 TRANSFERS OF OTHER SECTORS  Sale of immovable property to foreign diplomatic representative offices and/or purchase of immovable property from these representative offices 771 771  Migrant transfers include transfers of funds associated with migration of individuals from one economy to another 768 768  Transfers between accounts of residents and non-residents due to the change in status 640 640 FINANCIAL ACCOUNT FINANCIAL ACCOUNT – DIRECT INVESTMENTS FINANCIAL ASSETS Equity investments  Investments of domestic capital by founder (resident) in foreign banks and companies include all resident’s investments in shares of foreign companies and banks (share in capital of 10% and more) and/or decrease in the share of capital 579 179  Investments of domestic capital by branch (resident) in parent legal person (founder-non-resident) include all branch’s (resident) investments in shares (capital) of parent legal person (founder) who is resident, and/or decrease in the share of capital. 556 556  Investments of domestic capital by related companies (sister companies - residents) in other related legal person (non-resident) includes all investments into shares of foreign related parties (with the founder being either resident or non-resident), and/or decrease in the share of capital. 554 554 Intercompany debt  Payment of domestic capital by founder (resident) that does not increase initial capital, i.e. payment of that capital includes all disbursed and/or repaid intercompany loans. 566 566  Payment of domestic capital in parent legal person (non-resident) by branch in the country that does not increase initial capital, i.e. return of that capital includes disbursed intercompany loans to parent legal person payment and their repayment. 665 665  Payment of domestic capital by related party resident (sister companies) in other related party (non￾resident) that does not increase initial capital, i.e. return of such capital includes disbursed intercompany loans from related person (resident) to other related person (non-resident) and their repayment. 664 664  Sale/purchase of immovable property abroad 539 139 FINANCIAL LIABILITIES Equity investments  Investments of foreign capital from founders (non-residents) into domestic companies and banks include purchase/sale of shares or equity share in initial capital of legal person
(resident) and other transactions aimed at increasing/decreasing the share. This item includes investment flows from direct investor (founder) to its companies in which it invests directly (share in capital 10% and more), including concessions for infrastructure and the like. 557 157  Investment of foreign capital in parent legal person (resident) by foreign subsidiary – covers investment flows from subsidiary in direct investor (share in capital of parent legal person is less than 10%). 667 667  Investment of foreign capital by related person – non-resident (sister companies) in another related person (resident) – covers equity investments between the companies that are not inter controlled and do not influence each other, but both are controlled or under the influence of the same direct investor (founder). 558 158  Sale and/or purchase of immovable property in Montenegro covers sale and/or purchase of immovable property in Montenegro, other than the sale and/or purchase of immovable property to foreign diplomatic representative offices (see Capital account – sale of immovable property to foreign diplomatic representative offices and/or purchase of immovable property from these representative offices). 538 138  Payment received for sold share of capital in another domestic company or payment to non￾residents for the sold share in another domestic company 666 666 Intercompany loans  Payment of foreign capital by founder that does not increase initial capital and/or repayment of such 560 560

capital covers additional payment of funds of the founder that do not increase initial capital (received and/or repaid intercompany loan).  Payment of foreign capital that does not increase initial capital in parent legal person resident by its subsidiary non-resident covers additional payment of funds that do not increase initial capital in parent legal person resident by its subsidiary non-resident, and/or repayment of such capital. 660 660  Payment of foreign capital that does not increase initial capital in related party (sister companies) of resident by another related party non-resident and/or repayment of such capital. 559 159 FINANCIAL ACCOUNT –PORTFOLIO INVESTMENTS INVESTMENTS IN EQUITY SECURITIES  Portfolio investments of residents in foreign equity securities and shares in capital (share in capital less than 10%) 519 519  Portfolio investments of non-residents in domestic equity securities and shares in capital (share in capital less than 10%) 518 518 INVESTMENTS IN DEBT SECURITIES  Sale and/or purchase of debt securities of foreign issuers (principal): bonds, bills of exchange 540 540  Sale and/or purchase of debt securities of domestic issuers (principal): bonds, bills of exchange 541 541  Sale and/or purchase of debt securities of foreign issuers (principal): money market instruments (treasury bills, certificate of deposits), financial derivatives - options 542 542  Sale and/or purchase of debt securities of domestic issuers (principal): money market instruments (treasury bills, certificate of deposits), financial derivatives - options 543 543 DERIVATIVE FINANCIAL INSTRUMENTS  Inflow and/or outflow for net settlements based on options and forward instruments issued by non￾residents (forward, future, swap, and the like) 544 544  Inflow and/or outflow for net settlements based on options and forward instruments issued by residents (forward, future, swap, and the like) 545 545 FINANCIAL ACCOUNT – OTHER INVESTMENTS - LOANS  Use and/or repayment of foreign long-term loans from abroad (over one year) 521 121  Use and/or repayment of short term loans from abroad: short-term financial loans from abroad 522 123  Sale of loans to non-residents, i.e. repayment of loans sold to non-residents 535 135  Repayment and/or use of long-term loans to abroad (over one year) 517 166  Financial lease and/or repayment of financial lease 575 175  Repayment and/or use of short term loans to abroad: short-term financial loans to abroad 523 169  Use and/or repayment of subordinated loans 520 120  Use of funds of commodity loan and/or crediting the foreign account (1009) for payment of import of goods under signed commodity loans 574 174  Export and/or import of goods and services under the agreed timeframe longer than 90 days 524 170  Payment based on share or purchase of share in foreign syndicated loan granted to resident for payment of imports of goods and services from abroad and/ or payment based of such participation or its sale to
non-resident 526 126 FINANCIAL ACCOUNT – CASH AND DEPOSITS  Depositing cash in foreign currency, Euro and cheques to current accounts and deposits of non-residents, and/or withdrawal of cash in foreign currency, Euro and issued cheques from current accounts and deposits of non-residents 898 898  Euro denominated cheques sold 706 -  Increase and/or decrease of deposits of non-residents based on custody operations (account 2202) 500 100  Increase and/or decrease of deposits of foreign banks and other financial organisations (account 2309, 2310, 2315, 2316) 501 101  Increase and/or decrease of deposits of non-residents (account 2329, 2330, 2333, 2334, 2341, 2342, 2355, 2356, 2371, 2372, 2385, 2386,) 502 102  Increase and/or decrease of deposits of non-residents at escrow account (account 2403, 2404, 2407, 2408, 2411, 2412, 2417, 2418, 2435, 2436, 2439, 2440, 2443, 2444) 503 103  Increase and/or decrease of term deposits of non-residents (foreign banks and other non-residents) 504 104  Decrease and/or increase of term deposits with foreign banks 505 105

 Payment on other bases (payment of costs in the country other than foreign trade, postal services, utility services and the like) from non-residents’ accounts 704 -  Purchase of foreign currencies from non-residents’ accounts 703 703

FINANCIAL ACCOUNT – OTHER ASSETS AND LIABILITIES  Decrease and/or increase of domestic capital in international financial organisations (membership fees to international organisations) 580 180  Called loro guarantees for operations between residents: settlement of called loro guarantee for operations between residents 525 125  Receivables collected on called guarantees 527 127  Loss coverage in a company, i.e. loss coverage of own company in abroad 622 622  Payment from bankruptcy pool of assets or based on court order, including payment of draft acceptances 670 670  Received coverages for withdrawn cash from saving deposits of non-residents with domestic banks, i.e. withdrawn cash from saving deposits with foreign banks 508 108  Received coverages for cheques, i.e. cheques submitted for the collection abroad and use of coverage for loro cheques 515 115  Decline in receivables based on capital transactions - 684 Payment cards  Payments for balancing the current account: settlement of balance at the payment card’s account 532 132  Payment based on obligations for determined balance at the account of domestic payment cards’ account through a payment bank

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  II. TRANSACTIONS BETWEEN RESIDENTS AND NEUTRAL TRANSACTIONS
   Purchase or sale of cash in foreign currency from residents – natural persons 796 700  Purchase or sale of cheques from residents – natural persons 795 795  Depositing or withdrawing cash in foreign currency, euro (intended for foreign transactions) and traveller’s cheques at the accounts and saving deposits of households in foreign currency 797 897  Sale of foreign goods to non-residents and residents in the country: payments abroad for foreign goods sold (consignment and duty free shop) 711 711  Transfer from foreign account to domestic accounts or cash deliveries of foreign currency accounts abroad 530 130  Payments for balancing the current account: settlement of balance at the account of long-term manufacturing cooperation 533 133  Transfer of coverage for confirmed letters of credit and/or repayment of unused coverage for confirmed letters of credit 411 411  Sale and purchase of cash in foreign currency abroad: transfer of cash in foreign currency to the account abroad (debit the account 1009, and credit the account 1003), deliveries of cash in foreign currency purchased abroad to the account 1001 (debit the account 1003, and credit the account 1009) 552 152  Transfer of foreign currencies through the foreign accounts between the CBCG and authorised banks (NOTE: when cash deliveries to the account for CBCG – the bank uses code 155, and CBCG uses code 555; when cash deliveries to the account 1009 of the bank, the bank uses code 555 and CBCG uses code 155) 555 155  Transfer from the account 1009 to another account 1009 within one bank: when code 561 is used, outflow must exist with code 161 and with the same data, and/or when code 161 is used, inflow with code 561 must exist together with the same data. Transfer from one foreign account to another foreign account. 561 161  Transfer from the account 1001 to another account 1001 within one bank: when code 583 is used, outflow must exist with code 183 and with the same data, and/or when code 183 is used, inflow with code 583 must exist together with the same data) ( transfer of cash between vaults) 583 183  Transfer from the account 1009 to another account 1009 of another bank: receiving bank must use code 562, and transferring bank uses code 162 (NOTE: if one of banks is CBCG it is not allowed to use this code, but 155-555) 562 162  Transfer in the country based on cash transfer: cash transfer between banks through collecting points (use of code is allowed only at the account 1001) (Note: transferring bank uses code 163, while receiving bank uses code 563) 563 163  Purchase or sale of cash in foreign currency and cheques from/to authorised exchange offices 572 572  Transfer between foreign currency accounts in the country (NOTE: for debiting the account from which the transfer is being performed code 165 is used, while for crediting the account to which the funds are being transferred – code 565 is used) 565 165  Cash in foreign currency withdrawn based on bonds of deposited
  foreign currency savings - 900  Purchase and sale of funds abroad: sale of one currency and purchase of another currency 577 177  Accounting mismatch (open items) and incorrect accounting 599 199  Return of stolen cash, or robbery and stealing of cash 198 198

 Transfer of funds from inflow bank to payment bank 569 -  Exchange of foreign currencies to euro 568 168  Conversion at domestic accounts 567 167 Name of the foreign partner means foreign partner to which the payment is executed, or which executed payment to the account. Country means the country code according to ISO 3166 in which is the office of the foreign partner. Amount means the amount for which funds, denominated in euros, at the account on the basis of the relevant transaction are increased/decreased.