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UAE transfer codes (UAEFTS) for deposit/withdrawal funds from Swissqoute/ Etoro / Saxo

N17

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Nov 15, 2021
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Hi folks,

Thank you all for sharing great info! It was very interesting comments from @rowena, from @BlueMist about SQ+SC and from many more.

I have questions regarding using of ENDB and ADCB banks.

What code would you use for wire transfer funds to Swissqoute/ Etoro / Saxo?

I want to buy stocks, ETFs and Crypto and deposit 5digit USD in each of 3 above. I want to withdrawn partly in 3 and 5 months after deposits. I assume the broker needs to put the transfer code also when you withdraw with wire trasfer. What transfer codes are these brokers when you receiving funds?

Central Bank of UAE issued transfer codes for all wire transfers outside of UAE Published: 4 th September 2017
The following can be related to investment. Which would be the best option if I want use it for some crypto and stocks trading with 3-5 months interval for withdrawal?

RFS- Repos on foreign securities
FIS - financial services
FSA - Equity other than investment fund shares in not related companies abroad
ISH - Income on investment funds shares
ISS -Interest On Securities Less Than A Year
ISL - Interest On Securities More Than A Year
DLA - Purchases and sales of foreign debt securities in not related companies -More than a year
DSA - Purchases and sales of foreign debt securities in not related companies -Less than a year
FIA - Investment fund shares foreign
 

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