Internet-based cash management solution for large corporations, supporting payments, collections, and liquidity management.
Advice to transfer funds to Myanmar via SWIFT
From June 1, 2020 onwards, the Central Bank of Myanmar requires Bangkok Bank’s customers to indicate the ITRS Code (International Transactions Reporting System Code) for International Fund Transfer transactions to Myanmar. Therefore, you are advised to obtain an ITRS Code from your recipient in Myanmar and provide the code in the "Application for Outward Remittance" form to enable Bangkok Bank to include the ITRS Code in the SWIFT message to the beneficiary bank in Myanmar with the purpose of the payment to the Central Bank of Myanmar. If you do not indicate the ITRS Code, or provide the wrong ITRS Code, it may cause a delay in the payment to your recipient, and you may have to pay an additional charge if the bank in Myanmar applies a charge for having to send an inquiry about the ITRS Code to Bangkok Bank.
Example: How to indicate the ITRS Code in an Application for Outward Remittance
If you wish to transfer funds for goods to a recipient in Myanmar, indicate ITRS Code 1100
ITRS stands for "International Transactions Reporting System Code" which is a 4-digit numeric code to indicate the purpose of a remittance transaction and comply with the Central Bank of Myanmar regulations.
1. Goods exported and imported
2. Transport and travel services
3. Other services
7. Transactions in claims (assets) on non-residents
8. Transactions in liabilities to non-residents
9. Transfer of funds between residents
10. Realized gains or losses
We employ leading edge technology to make Corporate iCash secure and reliable.
Secure Socket Layer (SSL)
SSL encrypts and converts all data that moves between you and the Bank into a secured coding. This global-standard encryption ensures that the data remains secure.
The higher the level of encryption, the stronger the security. We use a 256 bit-algorithm, which is the highest level of encryption currently available in the banking industry.
A firewall is software that acts as a security guard and prevents any intruders from system access. We use several levels of firewall to protect our system and your data.
Intrusion Detection Software
Intrusion detection software works to ensure timely alert if any suspicious activity occurs.
If you leave your computer idle, you will be automatically logged off after a set period. This prevents anyone from using your account while you are away from the computer.
We have a VeriSign Global Server Certificate which means it is virtually impossible for anyone to duplicate our website and pretend to be us.
All users are supplied with a password-generating Token which provides a double layer of security. The Administrator and Approver are required to use the Token to log into the system each time.
User Entitlement and Authorization
With Corporate iCash, data extraction, initiation, and authorization for banking transactions is controlled through the user profile. Each user profile is created with specific authority and access to specific type of information. Each user is assigned a user profile, whereby they are granted the authority in according to the assigned profile.