United Arab Emirates

SWIFT Payouts

Supported Currencies

  • AED, AUD, USD, EUR

Field Requirements

ObjectParameterRequirements
Payment AddressaccountReferenceIBAN (23)
RegEx format: ^AE\d{2}\d{19}$
routingCodeSWIFT BIC (8) or (11): xxxxAExx or xxxxAExxxxx
RegEx format: ^[A-Z]{4}AE[A-Z0-9]{2}([A-Z0-9]{3})?$
bankCountryAE
accountNameOnly required if the name on the account differs to the Recipient name
RecipientphysicalAddressCountry, City and streetName are required
corporateNameRequired if recipientType = “corporate”
firstName & lastNameFirst Name and Last Name if recipientType = “Individual”
PayoutpaymentReasonSelect Payment Reason Code from list below

Payment Reason Codes

PaymentReason CodeDescription
ACMAgency Commission
AESAdvance payment against EOS
ALWAllowances
ATSAir transport
BONBonus
CCPCorporate Card Payment
CHCCharitable Contributions
CINCommercial Investments
COMCommission
COPCompensation
CRPCredit Card Payments
DCPPre-Paid Reloadable and Personalized Debit Card Payments
DIVDividend Payouts
DOEDividends on equity not intra-group
EDUEducational Support
EMIEquated Monthly Instalments
EOSEnd of Service
FAMFamily Support
FISFinancial services
GDSGoods Bought or Sold
GMSProcessing repair and maintenance services on goods
GOSGovernment goods and services embassies etc.
GRIGovernment related income taxes, tariffs, capital transfers etc.
IFSInformation services
IGDIntra group dividends
IGTINTER GROUP TRANSFER
IIDIntra group interest on debt
INSInsurance services
IODIncome on deposits
IOLIncome on loans
IPCCharges for the use of intellectual property royalties
IPOIPO Subscriptions
IRPINTEREST RATE SWAP PAYMENTS
IRWINTERST RATE UNWIND PAYMENTS
ISHIncome on investment funds shares
ISLInterest on securities more than a year
ISSInterest on securities less than a year
ITSComputer services
LASLeave Salary
LIPLoan Interest Payments
LNCLoan Charges
LNDLoan Disbursements
MCRMonetary Claim Reimbursements, Medical Insurance or Auto Insurance etc.
MWIMOBILE WALLET CASH IN
MWOMOBILE WALLET CASH OUT
MWPMOBILE WALLET PAYMENTS
OATOWN ACCOUNT TRANSFER
OTSOther modes of transport
OVTOvertime
PENPension
PINPersonal Investments
PIPProfits on Islamic products
PMSProfessional and management consulting services
PORRefunds or Reversals on IPO subscriptions
POSPOS Merchant Settlement
PRPPROFIT RATE SWAP PAYMENTS
PRRProfits or rents on real estate
PRSPersonal, cultural, audio, visual and recreational services
PRWPROFIT RATE UNWIND PAYMENTS
RDSResearch and development services
RNTRent Payments
SAASalary Advance
SALSalary
SCOConstruction
STRTravel
STSSea transport
SVISTORED VALUE CARD CASH IN
SVOSTORED VALUE CARD CASH OUT
SVPSTORED VALUE CARD PAYMENTS
TCSTelecommunication services
TKTTickets
TOFTransfer of funds between persons Normal and Juridical
TTSTechnical trade-related and other business services
UTLUtility Bill Payments
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
PPAPurchase of real estate abroad from residents
DIFDebt instruments intragroup loans securities deposits foreign
FSAEquity other than investment fund shares in the related companies abroad
FIAInvestment fund shares foreign
DSAPurchases and sales of foreign debt securities less than a year in the related companies
DLAPurchases and sales of foreign debt securities more than a year in the related companies
FDAFinancial derivatives foreign
AFAReceipts or payments from personal residents bank account or deposits abroad
SLALoans - Drawings or Repayments on loans extended to non-residents - short term
LLALoans - Drawings or Repayments on loans extended to non-residents - long term
LEALeasing abroad
RFSRepos on foreign securities
TCRTrade credits and advances receivable
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
PPLPurchase of real estate in the UAE from non-residents
DILDebt instruments intragroup loans securities deposits in the UAE
FSLEquity other than investment fund shares in the related companies in the UAE
FILInvestment fund shares in the UAE
DSLPurchases and sales of securities issued by residents less than a year in the related companies
DLLPurchases and sales of securities issued by residents more than a year in the related companies
FDLFinancial derivatives in the UAE
AFLReceipts or payments from personal non-resident bank account in the UAE
SLLLoans - Drawings or Repayments on foreign loans extended to residents - short term
LLLLoans - Drawings or Repayments on foreign loans extended to residents - long term
LELLeasing in the UAE.
RLSRepos on securities issued by residents
TCPTrade credits and advances payable
GDEGoods sold (Exports in fob value)
GDIGoods bought(Import in CIF value)
DSFDebt instruments
RELReverse equity share in the UAE
RDLReverse debt instrument in the UAE
DLFDebt instruments intragroup loans, deposits, foreign(above 10% share)
LDSDebt instruments intragroup securities in UAE
REAReverse equity share abroad
RDAReverse debt instruments abroad
LDLDebt instruments intragroup loans, deposits in UAE(above 10% share)