Mandatory Purpose of Payment codes for all domestic & international payments in the UAE

Please review the below for detailed information on how to include Purpose of Payment information in your payments from UAE debit accounts.

Priority Payments or Customer Transfers:
Select the appropriate code information in the Regulatory reporting field (highlighted below) when making on-screen payments in HSBCnet:

a) Outward domestic payments in AED currency to banks in UAE

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b) Outward domestic payments in all currencies (except AED) to banks in UAE

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c) Outward cross-border payments in all currencies

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Payments submitted using the File Upload service:

Purpose of Payment
Effective 1 January 2018, the Purpose of payment field will be mandatory for all outward cross-border payments. Please make sure that you include a valid purpose code in your payment files by this date.

Domestic and Cross-Border Payments - various file formats

If you are submitting Domestic and Cross-border payments files using the File Upload service, please refer to the field details provided in the table below:

Priority Payment

iFile

SECPTY -"@HVP@" - Field 65 Regulatory Reporting Line 1

Domestic payment in AED currency to banks in UAE:

/BENEFRES/AE//Purpose Code

Domestic payment in all currencies to banks in UAE (except AED):

/ORDERRES/AE//Purpose Code

Cross border payment in all currencies:

/ORDERRES/AE//Purpose Code

MEABASIC

Column No – BD

Domestic payment in AED currency to banks in UAE:

/BENEFRES/AE//Purpose Code

Domestic payment in all currencies to banks in UAE (except AED):

/ORDERRES/AE//Purpose Code

Cross border payment in all currencies:

/ORDERRES/AE//Purpose Code

- Purpose of Payment

XML v2.0

Regulatory Reporting

Domestic payment in AED currency to banks in UAE:

<Inf>/BENEFRES/AE//Purpose Code

Domestic payment in all currencies to banks in UAE (except AED):

<Inf>/ORDERRES/AE//Purpose Code

Cross border payment in all currencies:

<Inf>/ORDERRES/AE//Purpose Code

<Inf>

XML v3.0

Regulatory Reporting

3 character Purpose of Payment code example COM

<Dtls>

<Cd>

Paymul

Group 15 - FTX+UAE
Segment Number: 59

Domestic payment in AED currency to banks in UAE:

FTX+UAE+++/BENEFRES/AE//Purpose Code

Domestic payment in all currencies to banks in UAE (except AED):

FTX+UAE+++/ORDERRES/AE//Purpose Code

Cross border payment in all currencies:

FTX+UAE+++/ORDERRES/AE//Purpose Code

Element - C108-4440

Free text[1]

MT103

:77B: Regulatory Reporting

Domestic payment in AED currency to banks in UAE:

:77B:/BENEFRES/AE//Purpose Code

Domestic payment in all currencies to banks in UAE (except AED):

:77B:/ORDERRES/AE//Purpose Code

Cross border payment in all currencies:

:77B:/ORDERRES/AE//Purpose Code

iDOC

Segment - E2IDT02

Domestic payment in AED currency to banks in UAE:

/BENEFRES/AE//Purpose Code

Domestic payment in all currencies to banks in UAE (except AED):

/ORDERRES/AE//Purpose Code

Cross border payment in all currencies:

/ORDERRES/AE//Purpose Code

TXT02