1. South African Export Exchange Controls
Pieter Ehlers
Financial Surveillance Department
South African Reserve Bank

2. Introduction Unique Consignment Reference (UCR) compilation
Reporting: General
Balance of Payment categories applicable to exports
FinSurv Reporting: All export transactions
FinSurv Reporting: Third party export transactions
Matching
Summary

3. No changes to first 11 characters Alpha numeric, no special characters
Unique Consignment Reference compilation (Block 28 of SAD 500 and FinSurv Reporting System
Last digit of the year of export (1)
SWIFT
Country
Code (2)
Last 24 digits: Unique number exporter will use to link export proceeds with a specific export. Can be invoice, quotation, order, contract, client specific number or name of the foreign customer, etc.. (1 – 24)
Customs Client
Number (8) Z A 3 1 4 5
No changes to first 11 characters 2 3 1 5 6 4 8 9 7 10 11 2 3 1 5 6 4 8 9 7 10 11 12 14 15 13 17 18 16 20 21 19 23 24 22 26 27 25 29 30 28 32 33 31 35 34
Unique characters12-35
Alpha numeric, no special characters 12 14 15 13 17 18 16 20 21 19 23 24 22 26 27 25 29 30 28 32 33 31 35 34
Avoid certain specialised characters
12 character minimum : 35 characters maximum

4. Export data post-clearance with CCN & UCR
Reporting
SARB receives two streams of data.
Customs provide SARB with export data.
Banks report to SARB the cross-border transactions via the FinSurv Reporting System.
CUSTOMS
Export data post-clearance with CCN & UCR
CCN or UCR
Export proceeds with
CCN & UCR
AUTHORISED
DEALERS
SARB 4

5. 101 Balance of Payment categories - exports Description CAT SUB CAT
01 to 11
Advance payment
101 01 02 03 04 05 06 07 08 09 10 11
Excluding the below named
Capital goods
Gold
Platinum
Crude oil
Refined petroleum products
Diamonds
Steel
Coal
Iron Ore
Exported via the SA Post Office

6. Balance of Payment categories – exports (ctd)
SUB CAT
Description
101
01 to 11
Receipt of advance payments
01 to 11
103
Exports excluding advance payments 101
Consumables supplied in port
105
Repayment of trade finance for exports
106
Exports with customs value of less than R500.00
107
Payments for export goods declared as luggage (no UCR)
108
01 to 09
109
Good purchased by non-residents where no physical export will take place – excluding Merchanting
Merchanting
110

7. FinSurv Reporting of payment: All exports
The UCR is reflected in the field applicable to the UCR under the Import / Export data element of the transaction reported to the SARB.
The entity who receives the export proceeds is reflected as the account holder, with the Customs Client Code allocated to the account holder.

8. FinSurv Reporting of payment: Where a third party is the actual exporter
In cases where the actual exporter, who completed the SAD 500, does not receive the export proceeds, the details of the actual exporter must be reflected under the Third Party Details of the transaction reported to the SARB.
The entity who receives the export proceeds is reflected as the account holder, with the Customs Client Code allocated to the account holder.

9. FinSurv Reporting of payment: Where a third party is the actual exporter
The Customs Client Code of the third party is reflected under the Third Party Details.
The UCR is reflected in the field applicable to the UCR under the Import / Export data element of the transaction reported to the SARB.

10. FinSurv Reporting of payment: Where a third party is the actual exporter

11. Matching of data: Micro and Macro
1st leg: Physical Export
2nd leg: Payment for goods 1 3
RESIDENT
EXPORTER
RESIDENT
EXPORTER
Payment advice
3ZA
Micro
3ZA
USD 12,000,000.00
USD 12,000,000.00
Macro 2 4
CUSTOMS
SARB
AUTHORISED DEALER
Non SA
NON-RESIDENT
IMPORTER

12. Summary
Financial Surveillance Department (FinSurv) monitors exports with the Electronic Export Monitoring System.
Non receipt of export proceeds is followed up by FinSurv with the exporter’s Authorised Dealer.
Failure to comply with Exchange Control Regulations may lead to FinSurv applying remedies available, i.e. prosecution for transgressing the regulations.

13. Email address: SARB-TRADE@resbank.co.za
Questions
address: