How to include Purpose of Payment codes in your payment instructions
Please review the below for detailed information on how to include Purpose of Payment information in your payments from UAE debit accounts.
ACH Credit:
Select a code using the dropdown menu in the Purpose of Payment field (highlighted below) when making on-screen ACH Credit payments in HSBCnet:
(Select image to enlarge)
Priority Payments or Customer Transfers:
Select the appropriate code information in the Regulatory reporting field (highlighted below) when making on-screen payments in HSBCnet:
(Select image to enlarge)
Payments submitted using the File Upload service:
Purpose of Payment |
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Important note: following the upgrade, payments made via HSBCnet that do not include the revised beneficiary account number format may be rejected by the beneficiary bank. |
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ACH Credit - various file formats
If you are submitting ACH payment files using the File Upload service, please refer to the field details provided in the table below:
ACH Credit Payment |
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iFile |
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SECPTY -"@LVP@" - Field 65 Regulatory Reporting Line 1 |
3 digit Purpose of Payment code example COM |
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MEABASIC |
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Column No – AK |
3 digit Purpose of Payment code example COM |
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- Purpose of Payment |
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XML v2.0 |
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Regulatory Reporting |
3 digit Purpose of Payment code example COM |
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<RgltryRptg> |
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<RgltryDtls> |
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<Inf> |
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XML v3.0 |
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Regulatory Reporting |
3 digit Purpose of Payment code example COM |
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<RgltryRptg> |
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<Dtls> |
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<Cd> |
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Paymul |
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Group 15 - FTX+ABY |
3 digit Purpose of Payment code example COM |
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Element - C108-4440 |
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Free text[1] |
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Priority Payment - various file formats
If you are submitting Priority Payment files using the File Upload service, please refer to the field details provided in the table below:
Priority Payment |
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iFile |
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SECPTY -"@HVP@" - Field 65 Regulatory Reporting Line 1 |
/BENEFRES/AE//Purpose Code |
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MEABASIC |
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Column No – AK |
/BENEFRES/AE//Purpose Code |
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- Purpose of Payment |
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XML v2.0 |
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Regulatory Reporting |
<Inf>/BENEFRES/AE//Purpose Code |
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<RgltryRptg> |
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<RgltryDtls> |
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<Inf> |
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XML v3.0 |
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Regulatory Reporting |
3 digit Purpose of Payment code example REM |
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<RgltryRptg> |
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<Dtls> |
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<Cd> |
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Paymul |
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Group 15 - FTX+ABY |
FTX+UAE+++/BENEFRES/AE//Purpose Code |
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Element - C108-4440 |
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Free text[1] |
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MT103 |
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:77B: Regulatory Reporting |
:77B:/BENEFRES/AE//Purpose Code |
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HSBC - E-Channels
8 Canada Square
London UK E14 5HQ
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