PRU-EPRS 1.34 PRU-EPRS 1.34 Instructional Guidelines — Form B220 — Inward Remittances
Form B220 — This form is designed to capture the data on inward remittances received by
Authorised Firms, which include remittances made to Clientslocated inside the UAE.
This form is applicable to
Authorised Firmscarrying out banking business. This involves Authorised Firmslicensed to undertake Accepting Depositsand Providing Creditand Authorised Firmsclassified under prudential category 5 and licensed to manage PSIAs. This includes Authorised Firmsoperating as a Branchin the DIFC.
The form is intended to capture information pertaining to the remittances received from a specified set of countries / regions and from the rest of world over the reporting period. The form seeks the data on remittances classified according to the purpose of the remittance.
Authorised Firmsare required to report data relating to all remittances received by them, both for their own account and those received on their Clientaccounts.
Structure of the form in EPRS
B220 is a single form which seeks data on inward remittances received from the different countries / regions listed in the columns. The data is to be provided across different purposes for which the remittances are made.
The form has two sections — first section B30_010 relates to trade related to remittances and the second section which relates to non-trade related remittances.Derived from GM5/2007 (Made 16th December 2007). [VER1/12-07]
PRU-EPRS 1.34 Instructional Guidelines1. The data being sought in the form are self explanatory given the description provided in the title column, except for the following specific points.2. B30_010: Include all the trade related remittances, including but not limited to receipts on behalf of
Clientsfor all trade finance Transactions, receipts for their exports or provision of goods or services to their Clientslocated outside the UAE, receipts from banks located outside providing the trade credit for such deals.Derived from GM5/2007 (Made 16th December 2007). [VER1/12-07]