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

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 180 sec.

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.

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.

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.

Max FX & Remittance Quote Generation Time Interval

This is the maximum period of time that LFIs MUST respond back to the FX & Remittance Quote Initiation Request message. This is currently set to be 5 sec.

Min FX & Remittance Quote Validity Period

This is the minimum period of time that LFIs MUST commit to the quoted FX rates and money transfer charges as the quote validity period, unless, the quoted values have been clearly defined as ‘Indicative’. The value defined for this is period is currently 15 min.

Payment Status Update (OFP SLA 2)

This is the time required by the LFI to update the Payment resource status, using a PATCH /payments/{PaymentId} endpoint, with the latest status update, after receiving a response from the generic payment system, if any. The value defined for this is period is currently 500ms.

Note: This time period requires execution both from the LFIs and the API HUB. Therefore, the internal SLAs are defined to be:

• 250ms for the LFI from the point in time the LFI receives a response about the payment from the generic payment system, if any, until the LFI sends the PATCH /payments/{PaymentId} endpoint with the updated status.

• 250ms for the PATCH endpoint call to reach the Consent Manager and be processed by the API HUB to update the payment record.

Event Notification SLA (OFP SLA 3)

This is the time taken for the event notification POST {WebhookUrl} endpoint call to be initiated and sent to the TPP by the API HUB, following a change of status of the Consent resource or the Payment resource. The value defined for this is period is currently 500ms.

Aani T1

This is the time from the point in time the LFI received the payment Initiation request till the pacs008 Credit Transfer is received by the Aani Core system. This timing is as defined i, For more details, please refer to the Aani Scheme Rules. This is currently defined to be 3 sec.

Aani T2

This is the time taken by the Aani System to validate the credit transfer and forward the Real Time Credit Transfer to the Creditor LFI or responds to the Debtor LFI with a negative response. For more details, please refer to the Aani Scheme Rules. This is currently defined to be 1 sec.

Aani T4

This is the time taken by the Aani System to receive the response (Accepted or Rejected) to the Account Verification from the Creditor LFI. For more details, please refer to the Aani Scheme Rules. This is currently defined to be 2 sec.

Aani T5

This is the time taken by the Aani System to sent the Transaction confirmation or the Transaction rejection messages to the Debtor LFI and the Creditor LFI. For more details, please refer to the Aani Scheme Rules. This is currently defined to be 2 sec.

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.

Single-use Consent Duration for Data

In the context of data sharing, a single-use consent refers to a short-lived consent valid for period of time from the time the User provides explicit Consent to the TPP. The value defined for this is period is currently 24 hours.

FX & Remittance Quote Extended Validity Period

This is the period of time that LFIs MUST extend the FX & Remittance services quote validity period, when Users are going through the dynamic account opening process. The value defined for this is period is currently 30 min in addition to the Limits and Constants | Min FX & Remittance Quote Validity PeriodPreview (i.e. 45 min).

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

The per-transaction limit for Me-to-Me payments MUST be set to the higher of 5,000 AED  or the equivalent LFI Channel/User limit.

For clarity: This means that the maximum allowed amount for an Open Finance Me-to-Me transaction must be set to the greater of:

1. The maximum transaction amount currently allowed for the customer via a comparable digital channel (e.g., a transfer through the mobile banking app), up to the AANI scheme limit (typically 50,000 AED), or

2. 5,000 AED

In short: Me-to-Me limits should not fall below 5,000 AED, but they can go higher if the equivalent internal channel allows it — subject to the AANI ceiling.

Third-Party Payments (Single or VRP) Limit

The per-transaction limit for Third-Party payments MUST be set to the higher of 200 AED or the equivalent LFI Channel/User limit.

Open Beneficiary VRP Payments Limit

The per-transaction limit for Open Beneficiary VRP payments MUST be set to the higher of 800 AED or the equivalent LFI Channel/User limit.

International Remittances Limit

The per-transaction limit for International Remittances MUST be set to match the Payment Scheme limit or the equivalent LFI Channel/User limit.

Delegated SCA Payments Limit

The per-transaction limit for Delegated SCA payments MUST be set to the higher of 2,500 AED or the equivalent LFI Channel/User limit.

Delegated SCA Payments During Embedding Period - Immediately after the initial go-live of Open Banking, we will impose a maximum, per transaction limit of 1,000 AED for 3-5 months and then 5,000 AED for another 3-5 month period.

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.

No

CODE

DESCRIPTION

1

ACM

Agency commissions

2

AES

Advance payment against eos

3

AFA

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

4

AFL

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

5

ALW

Allowance

6

ATS

Air transport

7

BON

Bonus

8

CBP

Cross border payments

9

CCP

Corporate card payments

10

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

11

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

12

CHC

Charitable contributions

13

CIN

Commercial investments

14

COM

Commission

15

COP

Compensation

16

CRP

Credit card payment

17

DCP

Debit card payments

18

DIF

Debt instruments intragroup loans securities deposits foreign

19

DIL

Debt instruments intragroup loans securities deposits in the UAE

20

DIV

Dividend payouts from fi

21

DLA

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

22

DLF

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

23

DLL

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

24

DOE

Dividends on equity not intra group

25

DSA

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

26

DSF

Debt instruments intragroup foreign securities

27

DSL

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

28

EDU

Educational support

29

EMI

Equated monthly installments

30

EOS

End of service / final settlement

31

FAM

Family support

32

FDA

Financial derivatives foreign

33

FDL

Financial derivatives in the UAE

34

FIA

Investment fund shares foreign

35

FIL

Investment fund shares in the UAE

36

FIS

Financial services

37

FSA

Equity other than investment fund shares in t related companies abroad

38

FSL

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

39

GDE

Goods sold - exports in fob value

40

GDI

Goods bought - imports in cif value

41

GDS

Goods bought or sold

42

GMS

Processing repair and maintenance services on goods

43

GOS

Government goods and services embassies etc.

44

GRI

Government-related income taxes tariffs capital transfers etc.

45

IFS

Information services

46

IGD

Intra group dividends

47

IGT

Inter group transfer

48

IID

Intra group interest on debt

49

INS

Insurance services

50

IOD

Income on deposits

51

IOL

Income on loans

52

IPC

Charges for the use of intellectual property royalties