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	Deutsche | En español | En français (canadien) | En français (européen) | 繁體中文 | 简体中文 | Bahasa Indonesia Hello, Our records indicate that your organisation holds HSBC UK accounts enabled with the File Upload service. Starting 1 March 2025, we’re introducing Purpose of Payment requirements for cross-border payment files debiting HSBC UK accounts that are submitted using Instruction Level Authorisation (ILA) to help reduce delays and rejections in payment processing. What this means for you Currently, Purpose of Payment details are required in HSBCnet payment screens when creating cross-border Priority Payment instructions to beneficiaries in locations where Purpose of Payment details are required by local regulation. Starting 1 March 2025, this requirement will be extended to payment files with instructions debiting HSBC UK accounts and uploaded using ILA via HSBCnet's File Upload service, HSBC Connect, and SwiftNet to beneficiaries in the below locations: Chile Egypt India Indonesia Malaysia Maldives Philippines Qatar Saudi Arabia South Korea Thailand United Arab Emirates Instructions submitted via ILA debiting HSBC UK accounts to the above beneficiary locations that do not contain valid Purpose of Payment details will be rejected. What you need to do Starting 1 March 2025, you will be required to include a valid Purpose of Payment code in Priority Payment instructions debiting HSBC UK accounts that are uploaded using ILA via HSBCnet's File Upload service, HSBC Connect, and SwiftNet to beneficiaries in locations where Purpose of Payment details are required by local regulation. We’ve updated HSBC’s File Format Specification guides (formerly Message Implementation Guides or MIGs) to include the Purpose of Payment requirements for payments debiting UK accounts. Updated guides are available in the HSBCnet User Guides portal for the following file formats: XMLv2 XMLv3 Dynamic CSV MT103 For information on how to include Purpose of Payment details in the below file formats, contact your Client Services representative: iFile Paymul Find out more For details on how to include Purpose of Payment details for cross-border payments, review the UK ‘File Format Specifications’ guide available in the HSBCnet User Guides portal. If you have any questions, please contact your local HSBCnet Support Centre. Sincerely, Your HSBCnet team
Please do not reply to this email. The postal address for related enquiries is: HSBC - Digital Channels, Wholesale 8 Canada Square London UK E14 5HQ This communication is provided by HSBC Bank plc on behalf of the member of the HSBC Group that has contracted with your organisation for the provision of HSBCnet services. HSBC Bank plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority. You received this email notification because you are a registered user of HSBCnet. Should you have any concerns regarding the validity of this message, please contact your local HSBCnet customer support. We maintain strict security standards and procedures to prevent unauthorised access to information about you. HSBC will never contact you by email or otherwise ask you to validate personal information, such as your username, password or account numbers. If you receive such a request, please call your local HSBCnet customer support. Links within our emails will only take you to information pages. If you wish to unsubscribe from receiving service information from HSBCnet, please select here. © Copyright. HSBC Bank plc 2024. All rights reserved. Privacy & Data Protection Statement | Terms & Conditions Deutsche | En español | En français (canadien) | En français (européen) | 繁體中文 | 简体中文 | Bahasa Indonesia