Limits and Constants

Max Consent Validity Period

This is the maximum validity period allowed for a Long-lived Consent. This period is defined to be 1 year.

Max Authorization Time Window

The maximum allowable time from the Consent being submitted (i.e. staged) by the TPP to the LFI until the Consent is authorized by all required authorizers (one or multiple). This period is defined to be 30 days.

Max Submitter Authorization Time Window

The maximum allowable time from the Consent being submitted (i.e. staged) by the TPP to the LFI until the Consent is authorized by the User who is initiating the Consent via the TPP. In case of multiple authorizers, this will be the first authorizer in the authorization matrix. This period is defined to be 2 hours.

Max Fixed-defined & Variable-defined Payment Amount

The maximum allowable amount or amount limit of each payment that TPPs can populate in the Fixed-defined and Variable-defined Payment Schedule. This will be agreed between Users and TPPs.

Max Fixed-defined & Variable-defined Schedule Entries

The maximum number of pre-defined pairs of dates and payment amounts or payment amount limits that TPPs can populate in the Fixed-defined and Variable-defined Payment Schedule. This is defined to be 53.

Max VRP Payment Amount

The maximum allowable amount of each VRP payment for each Variable Recurring or On-demand payments. This will be agreed between Users and TPPs.

Max VRP Consent Cumulative Value

The maximum Cumulative Value of all payment initiations for the entire Consent validity period. This will be agreed between Users and TPPs.

Max VRP Consent Cumulative Payments

The Maximum Cumulative Number of all payment initiations for the entire Consent validity period. This will be agreed between Users and the TPPs.

Max VRP Cumulative Value per Control Period

The Maximum Cumulative Value of all payment initiations per Consent Control Period. This will be agreed between Users and the TPPs.

Max VRP Cumulative Payments per Control Period

The Maximum Cumulative Number of all payment initiations per Consent Control Period. This will be agreed between Users and the TPPs.

Max Inter-bank Payment Amount

The Maximum payment amount for inter-bank payments allowed to be initiated by a TPP using the UAE Open Finance Standard. This is currently equal to the maximum allowable payment value supported by the Aani Core platform.

Max Inter-bank IP/FXP Payment Amount

The Maximum payment amount for inter-bank IP/FXP payments allowed to be initiated by a TPP using the UAE Open Finance Standard.

End Date of historical data for Data Sharing Request

Description: The end date of the period of historical data that can be requested by TPPs and which MUST be sent by LFIs for Data Sharing Requests.

This will differ based on the industry sector of LFIs, as follows:

• Banking: LFIs MUST provide the historical data for the period that they are stored in their systems of record and are available to Users in the LFIs' existing online or mobile channels. As a minimum, all LFIs MUST be able to provide at least 24 months of historical data, if it exists.

• Insurance: LFIs MUST provide the historical data for the period that they are stored in their systems of record. As a minimum, all LFIs MUST be able to provide at least up to 5 years of historical data, if exist.

Actual FX Rate SLA

This is the period of time that LFIs will be keeping valid the actual FX rate used in the IP Payment Consent Authorization. TPPs MUST submit the Payment Initiation Request within this period, otherwise the LFI cannot guarantee that the payment will be executed with the agreed FX rate. The value defined for this is period is currently 5 sec.

A15

Max SIP Payment Initiation Time Interval

This is the period of time that TPPs MUST submit the Single Instant Payment Initiation Request to the OFP. The value defined for this is period is currently 10 min. The OFP will reject the Payment Initiation Request is submitted outside this time window.

A16

Max Bulk/Batch Payment Initiation Time Interval

This is the period of time that TPPs MUST submit the Bulk/Batch Payment Initiation Request to the OFP. The value defined for this is period is currently 10 min. The OFP will reject the Payment Initiation Request is submitted outside this time window.

A17

Max FDP Payment Initiation Time Interval

This is the period of time that TPPs MUST submit the FDP Payment Initiation Request to the OFP. The value defined for this is period is currently 10 min. The OFP will reject the Payment Initiation Request is submitted outside this time window.

Schedule Payments Time Window

The time window during which TPPs MUST submit their scheduled payments on the Requested Execution Date or any day that is defined in the Recurring Payment Schedule or the defined payment schedule . The time window is defined to be between 1am and 6am on the specified date.

Payment Purpose Codes

The Purpose Codes that MUST be defined for each payment initiated via the Open Finance Standard. The below table is the list of the Payment Purpose Codes used by Aani as of July 2024. For the most updated version of the list, please refer to the Aani specifications.

CODE

DESCRIPTION

ACM

Agency commissions

AES

Advance payment against eos

AFA

Receipts or payments from personal resident's bank account or deposits abroad

AFL

Receipts or payments from a personal n-resident bank account in the UAE

ALW

Allowance

ATS

Air transport

BON

Bonus

CBP

Cross border payments

CCP

Corporate card payments

CEA

Equity for the establishment of new company from residents abroad equity of merger or acquisition of companies abroad from residents and participation in capital increase of related companies abroad

CEL

Equity for the establishment of new company in the UAE from n-residents equity of merger or acquisition of companies in the uae from n-residents participation to capital increase of related companies

CHC

Charitable contributions

CIN

Commercial investments

COM

Commission

COP

Compensation

CRP

Credit card payment

DCP

Debit card payments

DIF

Debt instruments intragroup loans securities deposits foreign

DIL

Debt instruments intragroup loans securities deposits in the UAE

DIV

Dividend payouts from fi

DLA

Purchases and sales of foreign debt securities for more than a year in t related companies

DLF

Debt instruments intragroup loans, deposits foreign (above 10% share)

DLL

Purchases and sales of securities issued by residents for more than a year in t related companies

DOE

Dividends on equity not intra group

DSA

Purchases and sales of foreign debt securities less than a year in t related companies

DSF

Debt instruments intragroup foreign securities

DSL

Purchases and sales of securities issued by residents less than a year in t related companies

EDU

Educational support

EMI

Equated monthly installments

EOS

End of service / final settlement

FAM

Family support

FDA

Financial derivatives foreign

FDL

Financial derivatives in the UAE

FIA

Investment fund shares foreign

FIL

Investment fund shares in the UAE

FIS

Financial services

FSA

Equity other than investment fund shares in t related companies abroad

FSL

Equity other than investment fund shares in t related companies in the UAE

GDE

Goods sold - exports in fob value

GDI

Goods bought - imports in cif value

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

LDL

Debt instruments intragroup loans, deposits in the UAE (above 10% share)

LDS

Debt instruments intragroup securities in the UAE

LEA

Leasing abroad

LEL

Leasing in the UAE

LIP

Loan interest payments

LLA

Loans - drawings or repayments on loans extended to n-residents - long term

LLL

Loans - drawings or repayments on foreign loans extended to residents - long term

LNC

Loan charges

LND

Loan disbursements from FI

MCR

Monetary claim reimbursements

MIS

Miscellaneous

MWI

Mobile wallet card cash-in

MWO

Mobile wallet card cash-out

MWP

Mobile wallet card 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

POD

Placement of Deposits

POR

Refunds/reversals on IPO subscriptions

POS

Pos merchant settlement - merchant acquiring settlement

PPA

Purchase of real estate abroad from residents

PPL

Purchase of real estate in the UAE from n-residents

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

RDA

Reverse debt instruments abroad

RDL

Reverse debt instruments in the UAE

RDS

Research and development services

REA

Reverse equity share abroad

REL

Reverse equity share in the UAE

REM

Remittance

RFS

Repos on foreign securities

RLS

Repos on securities issued by residents

RNT

Rent payments

SAA

Salary advance

SAL

Salary

SCO

Construction

SLA

Loans - drawings or repayments on loans extended to n-residents - short term

SLL

Loans - drawings or repayments on foreign loans extended to residents - short term

STO

Standing order

STR

Travel

STS

Sea transport

SVI

Stored value card cash-in

SVO

Stored value card cash-out

SVP

Stored value card payments

TCP

Trade credits and advances payable

TCR

Trade credits and advances receivable

TCS

Telecommunication services

TKT

Tickets

TOF

Transfer of funds between persons normal and juridical

TTS

Technical trade-related and other business services

UFP

Unclaimed funds placement

UTL

Utility bill payments

Me-to-me Payments (Single or VRP) Limit

The minimum value of the range is 5000 AED while the maximum value is equal to the Payment Scheme Limit or the LFI Channel/User Limit.

Third-Party Payments (Single or VRP) Limit

The minimum value of the range is 200 AED while the maximum value is equal to the Payment Scheme Limit or the LFI Channel/User Limit.

Open Beneficiary VRP Payments Limit

The minimum value of the range is 800 AED while the maximum value is equal to the Payment Scheme Limit or the LFI Channel/User Limit.

International Remittances Limit

The maximum value is equal to the Payment Scheme Limit or the LFI Channel/User Limit.

Delegated SCA Payments Limit

The minimum value of the range is 2,500 AED while the maximum value is equal to the Payment Scheme Limit or the LFI Channel/User Limit.