information on changes in outgoing transactions to Arab Emirates
Dear Customer,
we would like to kindly inform you that from January 1, 2018, a legal title code have to be indicated in the narratives field in all transactions sent to the United Arab Emirates.
Regardless of the indication of the code, our Bank will process the transaction, however, the beneficiary bank in Arab Emirates might have credited the amount late in order to clarify the item, or possibly refusing it to credit.
Please find the related codes in the below.
Sincerely:
K&H Bank
|
Code |
Description |
|---|---|
|
ACM |
Agency Commission |
|
AES |
Advance payment against EOS |
|
ALW |
Allowances |
|
ATS |
Air transport |
|
BON |
Bonus |
|
CCP |
Corporate Card Payment |
|
CHC |
Charitable Contributions |
|
CIN |
Commercial Investments |
|
COM |
Commission |
|
COP |
Compensation |
|
CRP |
Credit Card Payments |
|
DCP |
Pre‐Paid Reloadable & Personalized Debit Card Payments |
|
DIV |
Dividend Payouts |
|
DOE |
Dividends on equity not intra group |
|
EDU |
Educational Support |
|
EMI |
Equated Monthly Instalments |
|
EOS |
End of Service |
|
FAM |
Family Support |
|
FIS |
Financial services |
|
GDS |
Goods Bought or Sold |
|
GMS |
Processing repair and maintenance services on goods |
|
GOS |
Government goods and services embassies etc |
|
GRI |
Government related income taxes, tariffs, capital transfers etc |
|
IFS |
Information services |
|
IGD |
Intra group dividends |
|
IGT |
Inter group transfer |
|
IID |
Intra group interest on debt |
|
INS |
Insurance services |
|
IOD |
Income on deposits |
|
IOL |
Income on loans |
|
IPC |
Charges for the use of intellectual property royalties |
|
IPO |
IPO subscriptions |
|
IRP |
Interest rate swap payments |
|
IRW |
Interest rate unwind payments |
|
ISH |
Income on investment funds shares |
|
ISL |
Interest on securities more than a year |
|
ISS |
Interest on securities less than a year |
|
ITS |
Computer services |
|
LAS |
Leave salary |
|
LIP |
Loan interest payments |
|
LNC |
Loan charges |
|
LND |
Loan disbursements |
|
MCR |
Monetary Claim Reimbursements Medical Insurance or Auto Insurance etc. |
|
MWI |
Mobile wallet cash in |
|
MWO |
Mobile wallet cash out |
|
MWP |
Mobile wallet payments |
|
OAT |
Own account transfer |
|
OTS |
Other modes of transport |
|
OVT |
Overtime |
|
PEN |
Pension |
|
PIN |
Personal Investments |
|
PIP |
Profits on Islamic products |
|
PMS |
Professional and management consulting services |
|
POR |
Refunds or Reversals on IPO subscriptions |
|
POS |
POS Merchant Settlement |
|
PRP |
Profit rate swap payments |
|
PRR |
Profits or rents on real estate |
|
PRS |
Personal cultural audio visual and recreational services |
|
PRW |
Profit rate unwind payments |
|
RDS |
Research and development services |
|
RNT |
Rent payments |
|
SAA |
Salary advance |
|
SAL |
Salary |
|
SCO |
Construction |
|
STR |
Travel |
|
STS |
Sea transport |
|
SVI |
Stored value card cash‐in |
|
SVO |
Stored value card cash‐out |
|
SVP |
Stored value card payments |
|
TCS |
Telecommunication services |
|
TKT |
Tickets |
|
TOF |
Transfer of funds between persons Normal and Juridical |
|
TTS |
Technical, trade‐related and other business services |
|
UTL |
Utility Bill Payments |
|
CEA |
Equity for the establishment of new company from residents abroad, equity of merger or acquisition of companies abroad from residents and participation to capital increase of related company abroad |
|
PPA |
Purchase of real estate abroad from residents |
|
DIF |
Debt instruments, intragroup loans, securities, deposits foreign |
|
FSA |
Equity other than investment fund shares in not related companies abroad |
|
FIA |
Investment fund shares foreign |
|
DSA |
Purchases and sales of foreign debt securities less than a year in not related companies |
|
DLA |
Purchases and sales of foreign debt securities more than a year in not related companies |
|
FDA |
Financial derivatives foreign |
|
AFA |
Receipts or payments from personal residents bank account or deposits abroad |
|
SLA |
Loans ‐ Drawings or Repayments on loans extended to non‐residents ‐short term |
|
LLA |
Loans ‐ Drawings or Repayments on loans extended to non‐residents ‐long term |
|
LEA |
Leasing abroad |
|
RFS |
Repos on foreign securities |
|
TCR |
Trade credits and advances receivable |
|
CEL |
Equity for the establishment of new company in the UAE from non-residents, equity of merger or acquisition of companies in the UAE from non‐residents and participation to capital increase of related companies |
|
PPL |
Purchase of real estate in the UAE from non‐residents |
|
DIL |
Debt instruments, intragroup loans, securities, deposits in the UAE |
|
FSL |
Equity other than investment fund shares in not related companies in the UAE |
|
FIL |
Investment fund shares in the UAE |
|
DSL |
Purchases and sales of securities issued by residents less than a year in not related companies |
|
DLL |
Purchases and sales of securities issued by residents more than a year in not related companies |
|
FDL |
Financial derivatives in the UAE |
|
AFL |
Receipts or payments from personal non‐resident bank account in the UAE |
|
SLL |
Loans ‐ Drawings or Repayments on foreign loans extended to residents ‐ short term |
|
LLL |
Loans ‐ Drawings or Repayments on foreign loans extended to residents ‐ long term |
|
LEL |
Leasing in the UAE |
|
RLS |
Repos on securities issued by residents |
|
TCP |
Trade credits and advances payable |