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Customers with accounts in UAE: upcoming enhancements to UAE Wages Protection System (WPS) payments
Dear HSBCnet User,
Effective 6 December 2015, the existing UAE WPS payment screens and file formats will be updated in accordance with Central Bank of the UAE guidelines.
Summary of UAE WPS changes effective 6 December:
- The character limit for the EMPLOYER ID (Establishment ID) field will be increased from 13 to a maximum of 35 characters;
- The character limit for the EMPLOYEE ID field will be increased from 14 to a maximum of 35 characters;
- The UAE WPS system will support the population of new “Employee Variable Pay” (EVP) fields/record types:
- EVP includes expenses such as: Housing allowance, Conveyance Allowance, Medical Allowance, Annual Passage Allowance, Overtime Allowances, All Other Allowances, Leave Encashment.
ACH Credit - Wages Protection System Payments
When creating a WPS payment using the Wages Protection System Payments form, ensure that you provide the employer ID, employee ID and any variable pay/EVP allowances, if applicable, in the Employee Details section of the form.
ACH Credit - ACH Payments screen/templateField label Information to be provided Customer Reference Establishment ID Beneficiary Name Employee MOL ID Beneficiary IDStaff ID
Beneficiary ReferenceSalary Period
Purpose of Payment "SAL - SALARY"Customers using HSBCnet File Upload service >
For additional details on creating WPS payments in HSBCnet, please refer to the UAE Wages Protection System guide available post-logon in the HSBCnet Help Centre. This guide can also be found in the Create new Payment service window by selecting the ‘Help’ button in the top right corner.
For guidance on HSBCnet Payments/Templates changes, please contact your HSBC representative or your local HSBCnet Support Centre. Alternatively, you can contact the HSBCnet UAE Helpdesk at hsbcnetuaehelpdesk@hsbc.com or 8004407 (or 0097143669001 from outside the UAE).
Sincerely,
Your HSBCnet TeamPlease do not reply to this e-mail.
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