Action required: new Payment Purpose code requirement for Saudi Arabia payments Please find below a list of the Payment Purpose codes for Saudi Arabia, including descriptions: Codes Payment Purpose descriptions EOS End of Service / Final Settlement SAL Salary ALW Allowance BON Bonus COM Commission COP Compensation OVT Overtime TKT Tickets MIS Miscellaneous REM Remittance / Family Maintenance STO Standing Order LOP Loan repayment POI Payment of Investment DOP Down Payment CAR Cargo Services ADP Advance Payment CAR Cargo Services BRT Business related Payment INV Invoice Settlement The Bank shall not be held responsible for any damages and/or losses you may sustain as a result of not adhering with the requirements contained herein. Please take the necessary actions immediately to amend any existing cross-border templates to include the Payment Purpose Code.
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