Payment Formatting Guidelines
November 2020 l Version 2020.3

Operations processing guidePurpose codes for United Arab Emirates (AED) payments:
Code

Description

ACM

Agency commission

AES

Advance payment against
EOS

AFA

Additional notes

Remitter

Beneficiary

Applicable to Corporates

Applicable to Corporates

Applicable for Domestic
and Cross-border Payments/
Receipts

Applicable to Corporates

Applicable to Individuals

Receipts or Payments from
Personal Residents Bank
Account or Deposits Abroad

Applicable ONLY for Cross
Border Payments/Receipts

Applicable to all customers

Applicable to all Customers

AFL

Receipts or Payments from
Personal N-Resident Bank
Account in the UAE

Applicable ONLY for Cross
Border Payments/Receipts

Applicable to all customers

Applicable to all Customers

ALW

Allowance

Applicable for Domestic
and Cross-border Payments/
Receipts

Applicable to Corporates

Applicable to IndividualsATS

Air transport

Applicable for Domestic
and Cross-border Payments/
Receipts

Applicable to Individuals andCorporates

Applicable to Individuals andCorporates

BON

Bonus

Applicable for Domestic
and Cross-border Payments/
Receipts

Applicable to Corporates

Applicable to Individuals

CCP

Corporate card payments

Applicable for Domestic
and Cross-border Payments/
Receipts

Applicable to Corporates

Corporate Credit Cards

CEA

Equity for Establishment of
New Company from Residents
Abroad Equity of Merger or
Acquisition of Companies
Abroad from Residents andParticipation to Capital
Increase of Related Company
AbroadApplicable ONLY for Cross
Border Payments/Receipts

Applicable to all customers

Applicable to all Customers

CEL

Equity for Establishmentof New Company in UAE
from Non-Residents Equityof Merger or Acquisition ofCompanies in the UAE from
Non-Residents Participation
to Capital Increase of Related

Applicable for Domestic
and Cross Border Payments/
Receipts

Applicable to Individuals andCorporates

Applicable to Corporates

CHC

Charitable contributions

Applicable for Domestic
and Cross-border Payments/
Receipts

Applicable to Individuals andCorporates

Applicable to Corporates

CIN

Commercial investments

Applicable for Domestic
and Cross-border Payments/
Receipts

Applicable to Corporates

Applicable to Corporates

Applicable for Domestic
and Cross-border Payments/
Receipts

page 1 of 8

Payment Formatting Guidelines
November 2020 l Version 2020.3

Code

Description

Additional notes

Remitter

BeneficiaryCOM

Commission

Applicable for Domestic
and Cross-border Payments/
Receipts

Applicable to Corporates

Applicable to Individuals

COP

Compensation

Applicable for Domestic
and Cross-border Payments/
Receipts

Applicable to Corporates

Applicable to Individuals

CRP

Credit Card Payment

Applicable for Domestic
and Cross Border Payments/
Receipts

Applicable to Individuals andCorporates

Only For Individuals

DCP

Pre-paid reloadable
perosonalized debit card
payments

Applicable for Domestic
and Cross-border Payments/
Receipts

Applicable to Individuals andCorporates

Pre-Paid/ Stored Value Cards

DIV

Dividend payouts

Applicable for Domestic
and Cross-border Payments/
Receipts

Applicable to Financial
Institutions

Applicable to Individuals andCorporates

DLA

Trading of Securities Issued by
Applicable ONLY for Cross
Residents More Than Year in
Border Payments/Receipts
the Company

Applicable to all Customers

Applicable to all Customers

DLF

Dividends on Equity Not IntraGroup

Applicable ONLY for Cross
Border Payments/Receipts

Applicable to all Customers

Applicable to all Customers

DLL

Trading of Securities Issued by
Applicable ONLY for Cross
Residents More Than Year in
Border Payments/Receipts
the Company

Applicable to all Customers

Applicable to all Customers

DOE

Dividends on equity not intra
group

Applicable for Domestic
and Cross-border Payments/
Receipts

Applicable to Corporates

Applicable to Individuals andCorporates

DSA

Purchases and Sales ofForeign Debt Securities Less
Than Year in the Related
Company

Applicable ONLY for Cross
Border Payments/Receipts

Applicable to all Customers

Applicable to all Customers

DSF

Debt Instruments Intragroup
Foreign Securities

Applicable ONLY for Cross
Border Payments/Receipts

Applicable to all Customers

Applicable to all Customers

DSL

Purchases and Sales of
Securities Issued by Residents
Less Than Year in the Related
Companies

Applicable ONLY for Cross
Border Payments/Receipts

Applicable to all Customers

Applicable to all Customers

EDU

Educational support

Applicable for Domestic
and Cross-border Payments/
Receipts

Applicable to Individuals andCorporates

Applicable to Individuals andCorporates

EMI

Equated monthly installments

Applicable for Domestic
and Cross-border Payments/
Receipts

Applicable to Individuals andCorporates

Applicable to Financial
Institutions

EOS

End of service/final
settlement

Applicable for Domestic
and Cross-border Payments/
Receipts

Applicable to Corporates

Applicable to Individuals

page 2 of 8

Payment Formatting Guidelines
November 2020 l Version 2020.3

Code

Description

Additional notes

Remitter

Beneficiary

FAM

Family Support (Workers’
remittances)

Applicable for Domestic
and Cross Border Payments/
Receipts

Applicable to Individuals andCorporates

Only For Individuals

FDA

Financial Derivatives Foreign

Applicable ONLY for Cross
Border Payments/Receipts

Applicable to all Customers

Applicable to all Customers

FDL

Financial Derivatives in the
UAE

Applicable ONLY for Cross
Border Payments/Receipts

Applicable to all Customers

Applicable to all Customers

FIA

Investment Fund Shares
Foreign

Applicable ONLY for Cross
Border Payments/Receipts

Applicable to all Customers

Applicable to all Customers

FIL

Investment Fund Shares in
the UAE

Applicable ONLY for Cross
Border Payments/Receipts

Applicable to all Customers

Applicable to all Customers

FIS

Financial services

Applicable for Domestic
and Cross-border Payments/
Receipts

Applicable to Individuals andCorporates

Applicable to Individuals andCorporates

FSA

Equity Other Than Investment
Fund Shares in the Related
Companies Abroad

Applicable ONLY for Cross
Border Payments/Receipts

Applicable to all Customers

Applicable to all Customers

FSL

Equity Other Than Investment
Fund Shares in the Related
Companies in the UAE

Applicable ONLY for Cross
Border Payments/Receipts

Applicable to all Customers

Applicable to all Customers

GDE

Goods soldApplicable for Domestic
and Cross-border Payments/
Receipts

Applicable to Individuals andCorporates

Applicable to Individuals andCorporates

GDI

Goods brought

Applicable for Domestic
and Cross-border Payments/
Receipts

Applicable to Individuals andCorporates

Applicable to Individuals andCorporates

GMS

Processing repair andmaintenance services on
goods

Applicable for Domestic
and Cross-border Payments/
Receipts

Applicable to Individuals andCorporates

Applicable to Individuals andCorporates

GOS

Government goods andservices embassies etc

Applicable for Domestic
and Cross-border Payments/
Receipts

Applicable to Individuals andCorporates

Applicable to Individuals andCorporates

GRI

Government related income
taxes tariffs capital transfers
etc

Applicable for Domestic
and Cross-border Payments/
Receipts

Applicable to Corporates

Applicable to Individuals andCorporates

IFS

Information services

Applicable for Domestic
and Cross-border Payments/
Receipts

Applicable to Individuals andCorporates

Applicable to Individuals andCorporates

IGD

Intra group dividends

Applicable for Domestic
and Cross-border Payments/
Receipts

Applicable to Corporates

Applicable to Corporates

page 3 of 8

Payment Formatting Guidelines
November 2020 l Version 2020.3

Code

Description

Additional notes

Remitter

Beneficiary

IGT

Inter Group Transfer

Applicable for Domestic
and Cross Border Payments/
Receipts

Applicable to Corporates

Applicable to Corporates

IID

Intra group interest on debt

Applicable for Domestic
and Cross-border Payments/
Receipts

Applicable to Corporates

Applicable to CorporatesINS

Insurance services

Applicable for Domestic
and Cross-border Payments/
Receipts

Applicable to Individuals andCorporates

Applicable to Individuals andCorporates

IOD

Income on deposits

Applicable for Domestic
and Cross-border Payments/
Receipts

Applicable to Financial
Institutions

Applicable to Individuals andCorporates

IOL

Income on loans

Applicable for Domestic
and Cross-border Payments/
Receipts

Applicable to Financial
Institutions

Applicable to Individuals andCorporates

IPC

Charges for the use of
intellectual property royalties

Applicable for Domestic
and Cross-border Payments/
Receipts

Applicable to Individuals andCorporates

Applicable to Individuals andCorporates

IPO

IPO subscriptions

Applicable for Domestic
and Cross-border Payments/
Receipts

Applicable to Individuals andCorporates

Applicable to Financial
Institutions

IRP

Interest Rate Swap Payments

Applicable for Domestic
and Cross-border Payments/
Receipts

Applicable to all Customers

Applicable to all Customers

IRW

Interest Rate Unwind
Payments

Applicable for Domestic
and Cross-border Payments/
Receipts

Applicable to all Customers

Applicable to all Customers

ISH

Income on investment funds
sharesApplicable for Domestic
and Cross-border Payments/
Receipts

Applicable to Corporates

Applicable to Individuals andCorporates

ISL

Interest on securities morethan a year

Applicable for Domestic
and Cross-border Payments/
Receipts

Applicable to Corporates

Applicable to Individuals andCorporates

ISS

Interest on securities less thana year

Applicable for Domestic
and Cross-border Payments/
Receipts

Applicable to Corporates

Applicable to Individuals andCorporates

ITS

Computer services

Applicable for Domestic
and Cross-border Payments/
Receipts

Applicable to Individuals andCorporates

Applicable to Individuals andCorporates

LAS

Leave salary

Applicable for Domestic
and Cross-border Payments/
Receipts

Applicable to Corporates

Applicable to Individuals

LDL

Debt Instruments Intragroup
Loans, Deposits in the UAE

Applicable ONLY for Cross
Border Payments/Receipts

Applicable to all Customers

Applicable to all Customers

page 4 of 8

Payment Formatting Guidelines
November 2020 l Version 2020.3

Code

Description

Additional notes

Remitter

Beneficiary

LDS

Debt Instruments Intragroup
Securities in the UAE

Applicable ONLY for Cross
Border Payments/Receipts

Applicable to all Customers

Applicable to all Customers

LEA

Leasing Abroad

Applicable ONLY for Cross
Border Payments/Receipts

Applicable to all Customers

Applicable to all Customers

LEL

Leasing in the UAE

Applicable ONLY for Cross
Border Payments/Receipts

Applicable to all Customers

Applicable to all Customers

LIP

Loan interest payments

Applicable for Domestic
and Cross-border Payments/
Receipts

Applicable to Individuals andCorporates

Applicable to Financial
Institutions

LNC

Loan charges

Applicable for Domestic
and Cross-border Payments/
Receipts

Applicable to Individuals andCorporates

Applicable to Financial
Institutions

LND

Loan disbursements

Applicable for Domestic
and Cross-border Payments/
Receipts

Applicable to Financial
Institutions

Applicable to Individuals andCorporates

MCR

Monetary claim
reimbursement

Applicable for Domestic
and Cross-border Payments/
Receipts

Applicable to Corporates

Applicable to Individuals andCorporates

MWI

Mobile Wallet Cash In

Applicable for Domestic
and Cross-border Payments/
Receipts

Applicable to all Customers

Applicable to Financial
Institutions

MWO

Mobile Wallet Cash Out

Applicable for Domestic
and Cross-border Payments/
Receipts

Applicable to Financial
Institutions

Applicable to all Customers

MWP

Mobile Wallet Payments

Applicable for Domestic
and Cross-border Payments/
Receipts

Applicable to all Customers

Applicable to all Customers

OAT

Own Account Transfer

Applicable for Domestic
and Cross-border Payments/
Receipts

Applicable to Individuals

Applicable to Individuals

OTS

Other modes of transport

Applicable for Domestic
and Cross-border Payments/
Receipts

Applicable to Individuals andCorporates

Applicable to Individuals andCorporates

OVT

Overtime

Applicable for Domestic
and Cross-border Payments/
Receipts

Applicable to Corporates

Applicable to Individuals

PEN

PensionApplicable for Domestic
and Cross-border Payments/
Receipts

Applicable to Corporates

Applicable to Individuals

PIN

Personal Investments

Applicable for Domestic
and Cross Border Payments/
Receipts

Applicable to Individuals andCorporates

Applicable to Individuals

page 5 of 8

Payment Formatting Guidelines
November 2020 l Version 2020.3

Code

Description

Additional notes

Remitter

Beneficiary

PIP

Profits on islamic products

Applicable for Domestic
and Cross-border Payments/
Receipts

Applicable to Corporates

Applicable to Individuals andCorporates

PMS

Professional andmanagement consulting
services

Applicable for Domestic
and Cross-border Payments/
Receipts

Applicable to Individuals andCorporates

Applicable to Individuals andCorporates

POR

Refunds/reversals on IPO
subscriptions

Applicable for Domestic
and Cross-border Payments/
Receipts

Applicable to Financial
Institutions

Applicable to Individuals andCorporates

POS

POS merchant settlement

Applicable for Domestic
and Cross-border Payments/
Receipts

Applicable to Financial
Institutions

Applicable to Corporates

PPA

Purchase of Real Estate
Abroad from Residents

Applicable ONLY for Cross
Border Payments/Receipts

Applicable to all Customers

Applicable to all Customers

PPL

Purchase of Real Estate in the
UAE from Non-Residents

Applicable ONLY for Cross
Border Payments/Receipts

Applicable to all Customers

Applicable to all Customers

PRP

Profit Rate Swap Payments

Applicable for Domestic
and Cross-border Payments/
Receipts

Applicable to all Customers

Applicable to all Customers

PRR

Profits or rents on real estate

Applicable for Domestic
and Cross-border Payments/
Receipts

Applicable to Corporates

Applicable to Individuals andCorporates

PRS

Personal cultural audio visualand recreational services

Applicable for Domestic
and Cross-border Payments/
Receipts

Applicable to Individuals andCorporates

Applicable to Individuals andCorporates

PRW

Profit Rate Unwind Payments

Applicable for Domestic
and Cross-border Payments/
Receipts

Applicable to all Customers

Applicable to all Customers

RDA

Reverse debt instruments
abroadApplicable for Domestic
and Cross Border Payments/
Receipts

Applicable to Individuals andCorporate

Applicable to Individuals andCorporates

RDL

Reverse debt instruments in
the UAE

Applicable for Domestic
and Cross Border Payments/
Receipts

Applicable to Individuals andCorporates

Applicable to Individuals andCorporates

RDS

Research and development
services

Applicable for Domestic
and Cross-border Payments/
Receipts

Applicable to Individuals andCorporates

Applicable to Individuals andCorporates

REA

Reverse equity share abroad

Applicable for Domestic
and Cross Border Payments/
Receipts

Applicable to Individuals andCorporates

Applicable to Individuals andCorporates

REL

Reverse equity share in the
UAE

Applicable for Domestic
and Cross Border Payments/
Receipts

Applicable to Individuals andCorporates

Applicable to Individuals andCorporates

page 6 of 8

Payment Formatting Guidelines
November 2020 l Version 2020.3

Code

Description

Additional notes

Remitter

Beneficiary

RFS

Repos on Foreign Securities

Applicable ONLY for Cross
Border Payments/Receipts

Applicable to all Customers

Applicable to all Customers

RLS

Repos on Securities Issued by
Residents

Applicable ONLY for Cross
Border Payments/Receipts

Applicable to all Customers

Applicable to all Customers

RNT

Rent payments

Applicable for Domestic
and Cross-border Payments/
Receipts

Applicable to Individuals andCorporates

Applicable to Individuals andCorporates

SAA

Salary advance

Applicable for Domestic
and Cross-border Payments/
Receipts

Applicable to Corporates

Applicable to Individuals

SAL

SalaryApplicable for Domestic
and Cross-border Payments/
Receipts

Applicable to Corporates

Applicable to Individuals

SCO

Construction

Applicable for Domestic
and Cross-border Payments/
Receipts

Applicable to Individuals andCorporates

Applicable to Individuals andCorporates

SLA

Loans — Drawings or
Repayments on Loans
Extended to Non-Residents —Short Term

Applicable ONLY for Cross
Border Payments/Receipts

Applicable to all Customers

Applicable to all Customers

SLL

Loans — Drawings or RePayments on Foreign Loans
Extended to Residents —Short Term

Applicable ONLY for Cross
Border Payments/Receipts

Applicable to all Customers

Applicable to all Customers

STR

TravelApplicable for Domestic
and Cross-border Payments/
Receipts

Applicable to Individuals andCorporates

Applicable to Individuals andCorporates

STS

Sea transport

Applicable for Domestic
and Cross-border Payments/
Receipts

Applicable to Individuals andCorporates

Applicable to Individuals andCorporates

SVI

Stored Value Card Cash-In

Applicable for Domestic
and Cross-border Payments/
Receipts

Applicable to all Customers

Applicable to Financial
Institutions

SVO

Stored Value Card Cash-Out

Applicable for Domestic
and Cross-border Payments/
Receipts

Applicable to Financial
Institutions

Applicable to all Customers

SVP

Stored Value Card Payments

Applicable for Domestic
and Cross-border Payments/
Receipts

Applicable to all Customers

Applicable to all Customers

TAX

TAX Payment

Applicable for Domestic
and Cross-border Payments/
Receipts

Applicable to all Customers

Applicable to Corporates

page 7 of 8

Payment Formatting Guidelines
November 2020 l Version 2020.3

Code

Description

Additional notes

Remitter

Beneficiary

TCP

Trade Credits and Advances
PayableApplicable ONLY for Cross
Border Payments/Receipts

Applicable to all Customers

Applicable to all Customers

TCR

Trade Credits and Advances
Receivable

Applicable ONLY for Cross
Border Payments/Receipts

Applicable to all Customers

Applicable to all Customers

TCS

Telecommunication services

Applicable for Domestic
and Cross-border Payments/
Receipts

Applicable to Individuals andCorporates

Applicable to Individuals andCorporates

TKT

Tickets

Applicable for Domestic
and Cross-border Payments/
Receipts

Applicable to Corporates

Applicable to Individuals

TOF

Transfer of Funds Between
Persons Normal and Juridical

Applicable for Domestic
and Cross-border Payments/
Receipts

Applicable to all Customers

Applicable to all Customers

TTS

Technical trade related andother business services

Applicable for Domestic
and Cross-border Payments/
Receipts

Applicable to Individuals andCorporates

Applicable to Individuals andCorporates

UFP

Unclaimed Funds Placement

Applicable for Domestic
and Cross Border Payments/
Receipts

Applicable to Individuals andCorporates

Applicable to Individuals andCorporates

UTL

Utility bill payments

Applicable for Domestic
and Cross-border Payments/
Receipts

Applicable to Individuals andCorporates

Applicable to Corporates

XAT

TAX

Applicable for Domestic
and Cross Border Payments/
Receipts

Applicable to Individuals andCorporates

Applicable for all customer
types

page 8 of 8