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For customers with accounts in the UAE: Abu Dhabi Pension Contribution requirements

Last updated: 10 October 2017

Beginning 1 September 2017, in compliance with local regulations, banks in the UAE are required to report details of Abu Dhabi pension contributions issued by employers to the Abu Dhabi Pension Benefits & Retirement Fund (ADPBRF).

What this means for you
If you’re an employer that makes pension contributions to the ADPBRF, you will need to include the below pension payment details in your ACH Credit payment instructions from 1 September 2017. To support this, ACH Credit screens for accounts in UAE are available to capture additional details for pension payments and follow the current payment processing workflow for easy transition.

Customers submitting Abu Dhabi pension contributions via HSBCnet ACH Credit screen

How to submit ADPBRF pension contributions from 1 September 2017:

  1.  Create a new payment instruction, selecting ACH credits as the payment type and the appropriate UAE debit account.
  1. Complete the fields in the Beneficiary details section, following the guidelines outlined in the table below:
To make sure the Abu Dhabi Pension details are captured accurately, include the following information in your ACH Credit payment instructions:
Beneficiary name
Input the Beneficiary Account Name as ABU DHABI PENSION BENEFITS AND RETIR (fixed value).
Beneficiary bank identifier – Bank code

Input the following bank identifier in the Bank code field:

- 803510106

Beneficiary IBAN
Provide the employee account with ADPBRF for your pension payments (as communicated by Abu Dhabi pension contribution funds).
Purpose of Payment
Please provide ‘PEN’ as Purpose of Payment for your AD pension payments as per ADPBRF.
Remittance information

Please provide Remittance Information in the below format for your Abu Dhabi pension payments:
ADPF/MMYYYY/INV/EMPLOYER

OR

ADPF/MMYYYY/INV/EMPLOYER/EMPLOYEEEIDANUM (for payments with PSM INV code only)

The following information is MANDATORY for Abu Dhabi pension payments:

ADPF/

Fixed text format:
ADPF

MMYYYY/

The Month and Year for the payment.
Example: 072017/

INV/ 

For Abu Dhabi pension contributions, please use one of the following /INV/ codes to indicate the invoice type:

CON Contributions
PSE Previous Service Entity
ADC Additional Charges
CAJ Contr-Adjustments
PSM Previous Service Member*

/EMPLOYER

Include your EMPLOYER ID as provided to your organization by ADPBRF

/EMPLOYEEEIDANUM
(for payments with PSM INV code only)

*If INV code is  PSM:
Please provide the Remittance information as follows:

ADPF/MMYYYY/INV/EMPLOYER/EMPLOYEEEIDANUM

Where /EMPLOYEEEIDANUM is the Employee ID of the UAE National who is receiving the pension contribution.

This information is mandatory only when the invoice type (INV code) is “PSM” and should not be included otherwise.

Priority Payments: Regulatory Reporting section
(select image to enlarge)

Customers submitting Abu Dhabi pension contributions via File Upload

Please refer to the below table for information on how to incorporate remittance information in your Abu Dhabi pension contribution payment files

Abu Dhabi Pension contributions (ADPBRF)
iFile
SECPTY -"@LVP@" - Field 65 Regulatory Reporting Line 1
‘PEN’ as purpose of payment

SECPTY -"@LVP@" - Field 44 

Payment Details Line 1

ADPF/MMYYYY/INV/EMPLOYER

OR IF INV=PSM

ADPF/MMYYYY/INV/EMPLOYER/

SECPTY -"@LVP@" - Field 45

Payment Details Line 2

only IF INV=PSM

EMPLOYEEEIDANUM

SECPTY -"@LVP@" - Field 46

Payment Details Line 3
Field should be blank, do not capture details here
SECPTY -"@LVP@" - Field 47

Payment Details Line 4
Field should be blank, do not capture details here

SECPTY -"@LVP@" - Field 55

Bank to Bank Information Line 1
Field should be blank, do not capture details here

SECPTY -"@LVP@" - Field 56

Bank to Bank Information Line 2
Field should be blank, do not capture details here
MEABASIC

Column No – AK –

Purpose of Payment
‘PEN’ as purpose of payment
Column No - AF - Remittance Information 1

ADPF/MMYYYY/INV/EMPLOYER

OR IF INV=PSM

ADPF/MMYYYY/INV/EMPLOYER/
Column No - AG - Remittance Information 2

only IF INV=PSM

EMPLOYEEEIDANUM
Column No - AH - Remittance Information 3
Field should be blank, do not capture details here
Column No - AI - Remittance Information 4
Field should be blank, do not capture details here

Column No - AM - Bank to Bank Information 1

Field should be blank, do not capture details here

Column No - AN - Bank to Bank Information 2

Field should be blank, do not capture details here
XML v2.0
Regulatory Reporting
‘PEN’ as purpose of payment
<RgltryRptg>
 
  <RgltryDtls>
   
    <Inf>

Remittance Information Unstructured
< RmtInf> <Ustrd>

ADPF/MMYYYY/INV/EMPLOYER

OR IF INV=PSM

ADPF/MMYYYY/INV/EMPLOYER/
<RmtInf> <Ustrd>

only IF INV=PSM

EMPLOYEEEIDANUM
<RmtInf> <Ustrd>

Field should be blank, do not capture details here otherwise payment will be rejected
<RmtInf> <Ustrd>

Field should be blank, do not capture details here otherwise payment will be rejected
<RmtInf> <Ustrd>

Field should be blank, do not capture details here otherwise payment will be rejected
<RmtInf> <Ustrd>

Field should be blank, do not capture details here otherwise payment will be rejected
Paymul

Group 15 -  FTX+ABY
Element - C108-4440
Free text[1]

‘PEN’ as purpose of payment

Group 16 - FTX+PMD
Element - 4451-C108-4440
Free text first instance

ADPF/MMYYYY/INV/EMPLOYER

OR IF INV=PSM

ADPF/MMYYYY/INV/EMPLOYER/

Group 16 - FTX+PMD
Element - 4451-C108-4440
Free text - next instances

only IF INV=PSM

EMPLOYEEEIDANUM

Group 16 - FTX+PMD
Element - 4451-C108-4440
Free text- next instances

Field should be blank, do not capture details here

Group 16 - FTX+PMD
Element - 4451-C108-4440
Free text- next instances

Field should be blank, do not capture details here

Group 16 - FTX+PMD
Element - 4451-C108-4440
Free text second instance

Field should be blank, do not capture details here

Group 16 - FTX+PMD
Element - 4451-C108-4440
Free text - next instances

Field should be blank, do not capture details here
You must provide details exactly in the format specified. For XML v3.0, please contact your HSBC representative.
To avoid payment rejections, please do not provide Abu Dhabi pension payments and other ACH Credit payments in a single batch.

Find out more
For more information, please contact your local HSBCnet Support Centre.

 

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