Customers with accounts in the UAE: Abu Dhabi Pension Contribution requirements

Last updated: 2 August 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.

How to submit ADPBRF pension contributions from 1 September 2017

Using ACH Credit screens in HSBCnet:

Create a new payment instruction, selecting ACH credits as the payment type and the appropriate UAE debit account.
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.

(select image to enlarge)

If using the INV code “PSM”, the remittance information should be included as shown in the image below:

(select image to enlarge)

Using the File Upload service:

Create a new payment instruction, selecting ACH credits as the payment type and the appropriate UAE debit account.
Complete the fields in the Beneficiary details section, following the guidelines outlined in the table below:

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.