Ver.02/September2017 MAN-TSC-007-1 V.1.0 Purpose of Payment Codes for UAE Funds Transfer System (UAEFTS) Transactions The following codes can be used for Domestic/Cross border Transfers: Serial No. Code Description Ordering Customer Type Beneficiary Customer Type 1 ACM Agency Commission Non-Individuals Non-Individuals 2 AES Advance payment against EOS Non-Individuals Individuals 3 ALW Allowances Non-Individuals Individuals 4 ATS Air transport Individuals/Non-Individuals Individuals/Non-Individuals 5 BON Bonus Non-Individuals Individuals 6 CCP Corporate Card Payment Non-Individuals Credit Card Companies 7 CHC Charitable Contributions Individuals/Non-Individuals Non-Individuals 8 CIN Commercial Investments Non-Individuals Non-Individuals 9 COM Commission Non-Individuals Individuals 10 COP Compensation Non-Individuals Individuals 11 CRP Credit Card Payments Individuals Credit Card Companies 12 DCP Pre Paid Reloadable and Personalized Debit Card Payments Individuals/Non-Individuals Prepaid / Stored Value 13 DIV Dividend Payouts Financial Institutions Individuals/Non-Individuals 14 DOE Dividends On Equity not Intra Group Non-Individuals Individuals/Non-Individuals 15 EDU Educational Support Individuals/Non-Individuals Individuals/Non-Individuals 16 EMI Equated Monthly Instalments Individuals/Non-Individuals Financial Institutions 17 EOS End of Service Non-Individuals Individuals 18 FAM Family Support Individuals Individuals 19 FIS Financial services Individuals/Non-Individuals Individuals/Non-Individuals 20 GDS Goods Bought or Sold Individuals/Non-Individuals Individuals/Non-Individuals 21 GMS Processing Repair and Maintenance Services on Goods Individuals/Non-Individuals Individuals/Non-Individuals 22 GOS Government Goods and Services Embassies etc Individuals/Non-Individuals Individuals/Non-Individuals 23 GRI Government Related Income Taxes Tariffs Capital Transfers etc Non-Individuals Individuals/Non-Individuals 24 IFS Information Services Individuals/Non-Individuals Individuals/Non-Individuals 25 IGD Intra Group Dividends Non-Individuals Non-Individuals 26 IGT Inter Group Transfer Non-Individuals Non-Individuals 27 IID Intra Group Interest on Debt Non-Individuals Non-Individuals 28 INS Insurance Services Individuals/Non-Individuals Individuals/Non-Individuals 29 IOD Income On Deposits Financial Institutions Individuals/Non-Individuals 30 IOL Income On Loans Financial Institutions Individuals/Non-Individuals 31 IPC Charges for the Use of Intellectual Property Royalties Individuals/Non-Individuals Individuals/Non-Individuals 32 IPO IPO Subscriptions Individuals/Non-Individuals Financial Institutions 33 IRP Interest Rate Swap Payments Any Any 34 IRW Interest Rate Unwind Payments Any Any 35 ISH Income on Investment Funds Shares Non-Individuals Individuals/Non-Individuals 36 ISL Interest on Securities more than a year Non-Individuals Individuals/Non-Individuals 37 ISS Interest on Securities less than a year Non-Individuals Individuals/Non-Individuals 38 ITS Computer Services Individuals/Non-Individuals Individuals/Non-Individuals 39 LAS Leave Salary Non-Individuals Individuals
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Purpose of Payment Codes for UAE Funds Transfer System (UAEFTS) Transactions
The following codes can be used for Domestic/Cross border Transfers:
72 TOF Transfer of Funds Between Persons Normal and Juridical Any Any
73 TTS Technical Trade Related and Other Business Services Individuals/Non-Individuals Individuals/Non-Individuals
74 UTL Utility Bill Payments Individuals/Non-Individuals Non-Individuals
For Eg.: Payment Instructions for Allowances has to have reason code as ALW and ordering customer should be a ‘Non-Individual Customer’ and Beneficiary Customer should be an ‘Individual’.
CROSS BORDER USE ONLY: The following codes can be used for AED payments going outside the boundaries of UAE.
Serial No.
Code Description
1 AFA Receipts or payments from personal residents bank account or deposits abroad
2 AFL Receipts or payments from personal non-resident bank account in the UAE
3 CEAEquity 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
4 CELEquity 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 participation to capital increase of related companies