- Supported Modes
- B2B, B2P, P2P, P2B
- Supported Currencies
- HKD
- Network Participant
- Bank
- FX Source
- Live Interbank based rates available 24x7
- Channels
- All banks in Hong Kong
- Cutoff & delivery timing
-
Real Time, 24X7 up to 1 Mn via FPS (List of FPS supporting banks available) Real Time, subject to cut-off 15:30 local time via CHATS
- Mandatory data requirements
- Remitter Name Remitter Account Type Remitter Identification Number Remitter identification Type Remitter Address Remitter Country Code Beneficiary Name Beneficiary Country Code Beneficiary Account Number Beneficiary Account Type Beneficiary Bank Code/SWIFT Code
- Supporting Documents
- Remitter Beneficiary Relationship Nature of Business Duration of Contract Commercial Agreement Current Invoice
- Beneficiary Statement Narrative
-
- Instarem, Transaction Reference Number & Statement Narrative will be visible in the Beneficiarys bank statement.
- Notes
-
Beneficiary Address is mandatory only for CHATS
| B2B | B2P | P2P | P2B | |
|---|---|---|---|---|
| Min | HKD 1 | HKD 1 | HKD 1 | HKD 1 |
| Max | No limit | No limit | No limit | No limit |
- Supported Modes
- B2B, B2P, P2P, P2B
- Supported Currencies
- USD
- Network Participant
- Bank
- FX Source
- Live Interbank based rates available 24x7
- Channels
- All banks in Hong Kong
- Cutoff & delivery timing
-
Real Time subject to cut-off 17:30 local time via CHATS
- Mandatory data requirements
- Remitter Name Remitter Account Type Remitter Identification Number Remitter identification Type Remitter Address Remitter Country Code Beneficiary Name Beneficiary Country Code Beneficiary Account Number Beneficiary Account Type Routing Code Type 1 - SWIFT Code Routing Code Value 1
- Supporting Documents
- Remitter Beneficiary Relationship Nature of Business Duration of Contract Commercial Agreement Current Invoice
- Beneficiary Statement Narrative
-
- Instarem, Transaction Reference Number & Statement Narrative will be visible in the Beneficiarys bank statement.
| B2B | B2P | P2P | P2B | |
|---|---|---|---|---|
| Min | 0 | 0 | 0 | 0 |
| Max | No limit | No limit | No limit | No limit |
- Supported Modes
- B2B, B2P, P2P, P2B
- Supported Currencies
- HKD
- Network Participant
- Bank
- FX Source
- Live Interbank based rates available 24x7
- Channels
- All FPS enabled Banks
- Cutoff & delivery timing
-
Real Time - 24x7 (List of FPS supporting banks available)
- Account Verification
-
Can verify both the proxy value and the proxy holder's name.
- Mandatory data requirements
- Remitter Name Remitter Country Code Remitter Identification Type Beneficiary Name Proxy Type Payout Method - PROXY Remitter Account Type Remitter Address Remitter Identification Number Beneficiary Account Type Proxy Value
- Supporting Documents
- Remitter Beneficiary Relationship Nature of Business Duration of Contract Commercial Agreement Current Invoice
- Beneficiary Statement Narrative
-
- Instarem, Transaction Reference Number & Statement Narrative will be visible in the Beneficiarys bank statement.
- Notes
-
*Proxy Value is validated before initiation of a payment Value for proxy type should be 1. MOBILE 2. EMAIL 3. ID
| B2B | B2P | P2P | P2B | |
|---|---|---|---|---|
| Min | HKD 1 | HKD 1 | HKD 1 | HKD 1 |
| Max | HKD 1,000,000 | HKD 1,000,000 | HKD 1,000,000 | HKD 1,000,000 |
- Supported Modes
- B2B, B2P, P2P, P2B
- Supported Currencies
- USD, EUR, SGD, GBP, AUD, CAD, HKD, JPY, CHF, NZD
- Network Participant
- Bank
- FX Source
- Live Interbank based rates available 24x7, including off-market hours
- Channels
- All SWIFT enabled banks in the country
- Cutoff & delivery timing
-
Same-day processing subject to cutoff of 07:30 UTC
- Mandatory data requirements
- Remitter Name Remitter Account Type Remitter Identification Type Remitter Identification Number Remitter Address Remitter Country Code Beneficiary Name Beneficiary Account Type Beneficiary Account Number Beneficiary Country Code Beneficiary Address (Recommended) Beneficiary City (Recommended) Beneficiary Postcode (Recommended) Routing Code Value 1 Routing Code Type 1 - SWIFT Code Remit Purpose Code
- Supporting Documents
- Remitter Beneficiary Relationship Nature of Business Duration of Contract Commercial Agreement Current Invoice
- Beneficiary Statement Narrative
-
- Ultimate Sender Name and narrative details will be passed as part of MT103 message to beneficiary bank.
- Details available on beneficiary statement will be dependent on beneficiary bank.
- Proof of Payment
-
MT103 can be considered as a proof of payment and can be provided on request
- Notes
-
WIRES can be sent to all countries except for OFAC listed. MT103 can be provided on request. For foreign currency wire currencies USD, EUR, GBP - NIUM supports both OUR and SHA fee type while for other currencies AUD, CAD, CHF, JPY, NZD, HKD, SGD - NIUM supports only SHA fee type
| B2B | B2P | P2P | P2B | |
|---|---|---|---|---|
| Min | 0 | 0 | 0 | 0 |
| Max | No limit | No limit | No limit | No limit |