Update to KPW Purpose Code requirements for payments from accounts domiciled in Malaysia

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Update to KPW Purpose Code requirements for payments from accounts domiciled in Malaysia

Dear HSBCnet User,

Effective 14 December 2015, and in compliance with reporting requirements from Bank Negara Malaysia (BNM), KPW (Kawalan Pertukaran Wang) purpose code 16900 - Other services transaction (Non-Interest Expenses) will be removed from HSBCnet’s Priority Payment and Customer Transfer screens.

This requirement is to ensure that a specific KPW purpose code is selected to facilitate accurate reporting to BNM.

Action required
As of 14 December, all existing General or Restricted Priority Payment / Customer Transfer templates on HSBCnet with 16900 code must be updated with a different KPW purpose code.

(Select image to enlarge)

(Select image to enlarge)

For further assistance, please contact your HSBC representative or local HSBCnet Support Centre.

Sincerely,

Your HSBCnet Team

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	Update to KPW Purpose Code requirements for payments from accounts domiciled in Malaysia Dear HSBCnet User, Effective 14 December 2015, and in compliance with reporting requirements from Bank Negara Malaysia (BNM), KPW (Kawalan Pertukaran Wang) purpose code 16900 - Other services transaction (Non-Interest Expenses) will be removed from HSBCnet’s Priority Payment and Customer Transfer screens. This requirement is to ensure that a specific KPW purpose code is selected to facilitate accurate reporting to BNM. Action required As of 14 December, all existing General or Restricted Priority Payment / Customer Transfer templates on HSBCnet with 16900 code must be updated with a different KPW purpose code. (Select image to enlarge) (Select image to enlarge) For further assistance, please contact your HSBC representative or local HSBCnet Support Centre. Sincerely, Your HSBCnet Team



Please do not reply to this e-mail. The postal address for related inquiries is: HSBC - E-Channels 8 Canada Square London UK E14 5HQ This communication is provided by HSBC Bank plc on behalf of the member of the HSBC Group that has contracted with your organisation for the provision of HSBCnet services. You received this e-mail notification because you are a registered User of HSBCnet. Should you have any concerns regarding the validity of this message, please contact your local HSBCnet customer support. We maintain strict security standards and procedures to prevent unauthorised access to information about you. HSBC will never contact you by e-mail or otherwise ask you to validate personal information, such as your Username, Password or account numbers. If you receive such a request, please call your local HSBCnet customer support. Links within our e-mails will only take you to information pages. If you wish to unsubscribe from receiving service information from HSBCnet, please click here. © Copyright. HSBC Bank plc 2015. All rights reserved. Privacy & Data Protection Statement \| Terms & Conditions