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