Issuance of Payment Orders and Demand Drafts

Dear Valued Client,

Pakistan - Issuance of Payment Orders and Demand Drafts

Citi will be implementing controls for processing of Payment Orders (Pay Orders/ Managers Cheques) and Demand Drafts.

Starting 1st October, 2017, each of the below fields will be marked mandatory. All pay order and demand draft issuance requests that do not contain the mandatory requirements, or do not comply with the new CitiDirect upload maps or CitiConnect file specifications, will be rejected by our systems.

The following information will be required at a minimum as part of each Payment Order/Demand draft issuance instruction.

• Beneficiary Name
• Beneficiary National Tax Number (where the beneficiary is a corporate entity)
• Beneficiary Computerized National Identity Card (CNIC) number/ Smart National Identity Card (SNIC) Number (where the beneficiary is an individual)
• Beneficiary Contact Number
• Beneficiary Address
• Purpose Code

As part of these changes, Citi will be introducing the additional fields on the CitiDirect user interface (UI) and upload file maps, as well as CitiConnect file specifications, to capture the information required by regulation.

The above fields will be introduced on 7th August, 2017 as optional fields. Please ensure your files either contain a valid value for these fields or it is kept blank to avoid any rejection. As communicated above, the fields will be marked mandatory starting 1st October, 2017.

Next Steps

To avoid any impact to your operations, we recommend you take the following actions:

1. Please make your technical teams available to perform any modifications to your systems that may be required to support the new data requirements.
2. Contact your Account Manager once you are ready to schedule the testing so that a Technical Integration Manager can be assigned and testing schedule agreed.

Should you have any issues or questions relating to the above, please do not hesitate to contact your Citi Representative.