Transcription of FAQ on UAE Funds Transfer System - final - citibank.ae
{{id}} {{{paragraph}}}
Example: bankruptcy
FAQ on UAE Funds Transfer System - final - citibank.ae
FAQ on UAE Funds Transfer System (FTS) Ques on 1: What is FTS? Answer: FTS sta nds for Funds Transfer System . FTS is a Funds Transfer mechanism in the UAE wherein Transfer of mon ey takes place from one Bank to another through the UA E s Central Bank System . In compliance with regulatory requirements, all Banks in the UAE have been mandated to use the UAE FTS for all UAE Dirham (AED) transfers. This System will require Banks in the UAE to switch from SWIFT financial messages to a file based se lement System , allowing for more efficient processing of AED payments.
FAQ on UAE Funds Transfer System (FTS) Ques on 1: What is FTS? Answer: “FTS” stands for Funds Transfer System. FTS is a funds transfer mechanism in the …
Information
Domain:
Source:
Link to this page:
Please notify us if you found a problem with this document: