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Purpose of Payment Codes for UAE Funds Transfer System … · 2017-09-14 · Ver.02/September2017...
Transcript of Purpose of Payment Codes for UAE Funds Transfer System … · 2017-09-14 · Ver.02/September2017...
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Purpose of Payment Codes for UAE Funds Transfer System (UAEFTS) Transactions
The following codes can be used for Domestic/Cross border Transfers:
Serial No.
Code DescriptionOrdering
Customer TypeBeneficiary
Customer Type
1 ACM Agency Commission Non-Individuals Non-Individuals
2 AES Advance payment against EOS Non-Individuals Individuals
3 ALW Allowances Non-Individuals Individuals
4 ATS Air transport Individuals/Non-Individuals Individuals/Non-Individuals
5 BON Bonus Non-Individuals Individuals
6 CCP Corporate Card Payment Non-Individuals Credit Card Companies
7 CHC Charitable Contributions Individuals/Non-Individuals Non-Individuals
8 CIN Commercial Investments Non-Individuals Non-Individuals
9 COM Commission Non-Individuals Individuals
10 COP Compensation Non-Individuals Individuals
11 CRP Credit Card Payments Individuals Credit Card Companies
12 DCP Pre Paid Reloadable and Personalized Debit Card Payments Individuals/Non-Individuals Prepaid / Stored Value
13 DIV Dividend Payouts Financial Institutions Individuals/Non-Individuals
14 DOE Dividends On Equity not Intra Group Non-Individuals Individuals/Non-Individuals
15 EDU Educational Support Individuals/Non-Individuals Individuals/Non-Individuals
16 EMI Equated Monthly Instalments Individuals/Non-Individuals Financial Institutions
17 EOS End of Service Non-Individuals Individuals
18 FAM Family Support Individuals Individuals
19 FIS Financial services Individuals/Non-Individuals Individuals/Non-Individuals
20 GDS Goods Bought or Sold Individuals/Non-Individuals Individuals/Non-Individuals
21 GMS Processing Repair and Maintenance Services on Goods Individuals/Non-Individuals Individuals/Non-Individuals
22 GOS Government Goods and Services Embassies etc Individuals/Non-Individuals Individuals/Non-Individuals
23 GRI Government Related Income Taxes Tariffs Capital Transfers etc Non-Individuals Individuals/Non-Individuals
24 IFS Information Services Individuals/Non-Individuals Individuals/Non-Individuals
25 IGD Intra Group Dividends Non-Individuals Non-Individuals
26 IGT Inter Group Transfer Non-Individuals Non-Individuals
27 IID Intra Group Interest on Debt Non-Individuals Non-Individuals
28 INS Insurance Services Individuals/Non-Individuals Individuals/Non-Individuals
29 IOD Income On Deposits Financial Institutions Individuals/Non-Individuals
30 IOL Income On Loans Financial Institutions Individuals/Non-Individuals
31 IPC Charges for the Use of Intellectual Property Royalties Individuals/Non-Individuals Individuals/Non-Individuals
32 IPO IPO Subscriptions Individuals/Non-Individuals Financial Institutions
33 IRP Interest Rate Swap Payments Any Any
34 IRW Interest Rate Unwind Payments Any Any
35 ISH Income on Investment Funds Shares Non-Individuals Individuals/Non-Individuals
36 ISL Interest on Securities more than a year Non-Individuals Individuals/Non-Individuals
37 ISS Interest on Securities less than a year Non-Individuals Individuals/Non-Individuals
38 ITS Computer Services Individuals/Non-Individuals Individuals/Non-Individuals
39 LAS Leave Salary Non-Individuals Individuals
Serial No.
Code DescriptionOrdering
Customer TypeBeneficiary
Customer Type
40 LIP Loan Interest Payments Individuals/Non-Individuals Financial Institutions
41 LNC Loan Charges Individuals/Non-Individuals Financial Institutions
42 LND Loan Disbursements Financial Institutions Individuals/Non-Individuals
43 MCRMonetary Claim Reimbursements Medical Insurance or Auto
Insurance etc.Non-Individuals Individuals/Non-Individuals
44 MWI Mobile Wallet Cash In Any Financial Institutions
45 MWO Mobile Wallet Cash Out Financial Institutions Any
46 MWP Mobile Wallet Payments Any Any
47 OAT Own Account Transfer Individuals Individuals
48 OTS Other Modes of Transport Individuals/Non-Individuals Individuals/Non-Individuals
49 OVT Overtime Non-Individuals Individuals
50 PEN Pension Non-Individuals Individuals
51 PIN Personal Investments Individuals Non-Individuals
52 PIP Profits on Islamic products Non-Individuals Individuals/Non-Individuals
53 PMS Professional and Management Consulting Individuals/Non-Individuals Individuals/Non-Individuals
54 POR Refunds or Reversals on IPO Subscriptions Financial Institutions Individuals/Non-Individuals
55 POS POS Merchant Settlement Financial Institutions Non-Individuals
56 PRP Profit Rate Swap Payments Any Any
57 PRR Profits or Rents on Real Estate Non-Individuals Individuals/Non-Individuals
58 PRS Personal Cultural Audio Visual Individuals/Non-Individuals Individuals/Non-Individuals
59 PRW Profit Rate Unwind Payments Any Any
60 RDS Research and Development Services Individuals/Non-Individuals Individuals/Non-Individuals
61 RNT Rent Payments Individuals/Non-Individuals Individuals/Non-Individuals
62 SAA Salary Advance Non-Individuals Individuals
63 SAL Salary Non-Individuals Individuals
64 SCO Construction Individuals/Non-Individuals Individuals/Non-Individuals
65 STR Travel Individuals/Non-Individuals Individuals/Non-Individuals
66 STS Sea Transport Individuals/Non-Individuals Individuals/Non-Individuals
67 SVI Stored Value Card Cash In Any Financial Institutions
68 SVO Stored Value Card Cash Out Financial Institutions Any
69 SVP Stored Value Card Payments Any Any
70 TCS Telecommunication Services Individuals/Non-Individuals Individuals/Non-Individuals
71 TKT Tickets Non-Individuals Individuals
72 TOF Transfer of Funds Between Persons Normal and Juridical Any Any
73 TTS Technical Trade Related and Other Business Services Individuals/Non-Individuals Individuals/Non-Individuals
74 UTL Utility Bill Payments Individuals/Non-Individuals Non-Individuals
For Eg.: Payment Instructions for Allowances has to have reason code as ALW and ordering customer should be a ‘Non-Individual Customer’ and Beneficiary Customer should be an ‘Individual’.
CROSS BORDER USE ONLY: The following codes can be used for AED payments going outside the boundaries of UAE.
Serial No.
Code Description
1 AFA Receipts or payments from personal residents bank account or deposits abroad
2 AFL Receipts or payments from personal non-resident bank account in the UAE
3 CEAEquity for the establishment of new company from residents abroad equity of merger or acquisition of companies abroad
from residents and participation to capital increase of related company abroad
4 CELEquity for the establishment of new company in the UAE from non-residents equity of merger or acquisition of
companies in the UAE from non-residents participation to capital increase of related companies
5 DIF Debt instruments intragroup loans securities deposits foreign
6 DIL Debt instruments intragroup loans securities deposits in the UAE
7 DLA Purchases and sales of foreign debt securities more than a year in not related companies
8 DLL Purchases and sales of securities issued by residents more than a year in not related companies
9 DSA Purchases and sales of foreign debt securities less than a year in not related companies
10 DSL Purchases and sales of securities issued by residents less than a year in not related companies
11 FDA Financial derivatives foreign
12 FDL Financial derivatives in the UAE
13 FIA Investment fund shares foreign
14 FIL Investment fund shares in the UAE
15 FSA Equity other than investment fund shares in not related companies abroad
16 FSL Equity other than investment fund shares in not related companies in the UAE
17 LEA Leasing abroad
18 LEL Leasing in the UAE
19 LLA Loans Drawings or Repayments on loans extended to non-residents long term
20 LLL Loans Drawings or Repayments on foreign loans extended to residents long term
21 PPA Purchase of real estate abroad from residents
22 PPL Purchase of real estate in the UAE from non-residents
23 RFS Repos on foreign securities
24 RLS Repos on securities issued by residents
25 SLA Loans Drawings or Repayments on loans extended to non-residents short term
26 SLL Loans Drawings or Repayments on foreign loans extended to residents short term
27 TCP Trade credits and advances payable
28 TCR Trade credits and advances receivable
Note: For cross border transactions, there is no need of validation on customer types.