Purpose Code for UAE Payments

28 February 2019

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Ref. 47-20/1243 dated 28 February 2019

Attn.: NSD's clients

Please be advised that NSD has published updated information about requirements of foreign correspondent banks for payment instructions in various currencies.

This is due to the fact that the Central Bank of the United Arab Emirates (UAE) has implemented a new purpose of payment code requirement for money transfers to the UAE (regardless of currency) as part of their Balance of Payment reporting.

It is recommended to read the information in the mentioned above section before issuing payment instructions.

In case of any questions related to this communication, you may contact your account managers at +7 495 956-27-90 or +7 495 956-27-91.

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By filling out this form and clicking the "Ask question" button, in accordance with paragraph 4 of Article 9 of Federal Law No. 152-FZ dated 27 July 2006 "On Personal Data", I give my consent to National Settlement Depository (NSD, address: 12 Spartakovskaya Street, 105066 Moscow, hereinafter referred to as the "Data Controller") to the processing (i.e., any operation(s) involving the use of automation tools, including collection, recording, arrangement, accumulation, storage, updating, retrieval, use, transfer (including cross-border transfer), depersonalization, blocking, deletion, and destruction) of the following personal data: full name, email address, employer (if any), job title (if any), and telephone number (if any), for the purposes of inquiries, telephone consultations, surveys, advertising or marketing researches (including those conducted by email), or mailings (including advertisements) (the "Service"), as well as the consent to the authorization by the Data Controller of further processing of that personal data by third parties for the purposes of providing the Service to me.

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Purpose Code for UAE Payments

Форма обратной связи для клиентов