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Payment Formatting Guidelines August 2021 Version 2021.2 Payment Formatting Guidelines

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Payment formatting guidelines August 2021 Version 2021.2 Payment Formatting Guidelines Table of contents Currency guidelines ���������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������4 Maximizing the use of this document . .4 BBAN/Basic Bank Account Number �����������������������������������������������������������������������������������������������������������������������������������������������������������4 IBAN/International Bank Account Number �����������������������������������������������������������������������������������������������������������������������������������������������4 SWIFT/BIC code �����������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������5 Bank code �������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������5 Non-SWIFT BIC . .6 Beneficiary Address ���������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������6 Additional requirements �������������������������������������������������������������������������������������������������������������������������������������������������������������������������������6 IBAN & SWIFT/BIC code ���������������������������������������������������������������������������������������������������������������������������������������������������������������������������������7 Country currencies (by currency code) Currencies A–E ����������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������13 Euro IBAN requirements . .28 Currencies F–J . .36 Currencies K–L �������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������� 44 Currencies M–R . 48 Currencies S–Z �������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������� 60 Addendums Addendum 1.1 . 71 Addendum 1.2 ����������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������� 72 Addendum 1.3 ����������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������� 74 Addendum 1.4 �����������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������79 Addendum 2019.4 �����������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������87 Addendum 2020.1 . .88 Addendum 2020.2 . .89 Addendum 2020.3 . 91 Addendum 2021.1 �����������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������92 Addendum 2021.2 . .93 Page 2 of 93 Payment Formatting Guidelines Welcome to the August 2021 Edition of the Payment Formatting Guidelines (PFG). Pg. 9-12 • Currency and Country Quick Links Pg. 17 • BBD (Barbados Dollar): New payment formatting requirements: Beneficiary Address and Purpose of Payment Pg. 18 • BHD: Purpose of Payment Code required for all currencies into Bahrain Pg. 21 • BZD (Belize Dollar): New payment formatting requirements: Beneficiary Address and Purpose of Payment Pg. 23 • CNY (Chinese Yuan Renminbi) The CNAPS Code for RMB payments is now once again required Pg. 23 • CNH (Offshore Renminbi) Updated Required formatting for CNH (OTHER) Pg. 39 • GYD (Guyana Dollar): New payment formatting requirements. Beneficiary Address and Purpose of Payment Pg. 45 • KRW (South Korean Won) Citibank Korea Inc (CITIKRSXKAK) No longer blocked Pg. 45 • KRW (South Korean Won) Kakaobank Corp. (KAKOKR22) No longer blocked Pg. 54 • NZD (New Zealand Dollar): Draft capability is no longer available Pg. 55 • PHP (Philippines Peso): Purpose of Payment Code: Required for PHP into The Philippines Pg. 61 • SGD (Singapore Dollar): Updated Account number formatting for Low Value SGD to Oversea-Chinese Banking Corporation Limited (OCBC) Pg. 66 • USD (United States Dollar): Additional countries/territories supporting Low Value- Guam, US Virgin Islands, Northern Mariana Islands Pg. 74 • Antarctica Added to Country Quick Guide Pg. 75 • Updated Country Quick Guide names: East Timor to Timor-Leste Pg. 76 • Updated Country Quick Guide names: Macedonia to North Macedonia Pg. 78 • Updated Country Quick Guide names: Swaziland to Eswatini Pg. 249 • Bank removed from the Exceptions list: Banco Davivienda-Miami, USA-CAFEUS3M • Bank removed from the Exceptions list: JSC Credexbank-Belarus-NOIBBY2X • Exceptions list: EUR currency can now be sent to BANK ALETIHAD (UBSIJOAX) • USD (United States Dollar): Payments going to Bank Of Nova Scotia, Toronto (NOSCCATT) can no longer use Bank Of Nova Scotia, New York (NOSCUS33) as the intermediary bank. Å Payment Formatting Guidelines Return to Table of Contents Currency guidelines Below are guidelines based on currency, regarding the formatting of account numbers, in addition to any other necessary information required by Western Union Business Solutions and/or the beneficiary institution that may be mandatory to effect payments to the intended beneficiary. Please note that all payments require the following minimum requirements: • Full Beneficiary Name • Beneficiary Bank Name • Account Number This guide provides a framework for validating that mandatory requirements are satisfied prior to processing. If additional information is necessary to transfer certain currencies into certain geographical areas, it will be indicated in the Guide for Specific Country Requirements or the Best Practice Guide. When applicable, Low Value Payment guidelines will be provided under the designated currencies: AUD, CAD, EUR, GBP, HKD, NZD, NOK, USD and SGD. Maximizing the use of this document When using this document, it is important to verify currency requirements when sending a foreign currency wire to the specified beneficiary bank country. By doing so Western Union Business Solutions will be able to continue to seamlessly process all payments while minimizing any requests for additional payment processing information. Please be aware that sending exotics cross-border you may increase the potential risk of rejects/return of funds and thus generate an FX loss. BBAN/Basic Bank Account Number The Basic Bank Account Number (BBAN) is an identifier that uniquely distinguishes an individual account, at a specific financial institution, in a particular country. The BBAN includes a bank identifier of the financial institution servicing that account. The BBAN is implemented by each national banking community and is comprised of the domestic account number, branch details and routing information. The BBAN serves as the core of the IBAN. Account number validations identified in this document, may not apply to clearly defined foreign currency account which state the currency, for example 2147891SGD10. IBAN/International Bank Account Number The International Bank Account Number (IBAN) is an international standard for identifying bank accounts across national borders. The IBAN was originally developed to facilitate payments within the European Union but the format is flexible enough to be applied globally. IBAN imposes a flexible but regular format for account identification and contains validation information to avoid errors of transcription. The IBAN’s primary purpose is to facilitate cross-border inter-bank routing and avoid routing errors. The IBAN consists of a 2 digit country code, followed by two check digits and up to thirty alphanumeric characters for the domestic bank account number, called the BBAN (Basic Bank Account Number). It is up to each country’s national banking community to decide on the length of the BBAN for accounts in that country, but its length must be fixed for any given country. Further specifics regarding different country IBAN lengths and characteristics are detailed below. When a country has an established IBAN, Western Union Business Solutions recommends using the IBAN for payments into these countries regardless of the currency. Page 4 of 93 Å Payment Formatting Guidelines Return to Table of Contents SWIFT/BIC code ISO 9362 (also known as SWIFT-BIC, BIC code, SWIFT ID or SWIFT code) is a standard format of Bank Identifier Codes approved by the International Organization for Standardization (ISO). It is the unique identification code of a particular bank. These codes are used when transferring money between banks, particularly for international wire transfers. The SWIFT code is 8 or 11 characters, made up of: • 4 characters – bank code (only letters) • 2 characters – ISO 3166-1 alpha-2 country code (only letters) • 2 characters – location code (letters and
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