Allied ExpressPDF

8/13/2019 Allied ExpressPDF

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ALLIED EXPRESS

Remittance Distribution Service - PakistanFinancial Institutions & Cash Management Division


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ALLIED EXPRESS Service in a nutshell

SERVICE DEFINITION

A proven, speedy and efficient service for the distribution of inbound Home

Remittances to Beneficiaries across Pakistan

EXPERIENCE / EXPERTISE

Allied Express Service operating since 2005

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Currently processing an average of 4,000+ transactions every day. Peak volumesof above 10,000 transactions in a day have been processed recently.

35+ active Correspondents, serving more than 20,000 retail locations globally

INFRASTRUCTURE / NETWORK

810+ Online Branches, covering hundreds of cities, towns and villages, reachingmillions of Pakistanis, instantly

A fast and cutting edge Remittance Management System ensuring timely andsmooth processing and disbursement of Remittances, every work day

A team of dedicated operations and customer service staff, fully focused onexceptional service delivery to all our customers.


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ALLIED EXPRESS Service in a nutshell

SERVICE OFFERING / FEATURES

Less than one hour turn around time from receipt of instructions to availability offunds at ABL counters / credit to ABL account holders.

Multiple payout options including: Cash Over Counter payment at any ABL Branch

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Direct Credit to Accounts with ABL

Credit to Accounts of Other Banks

Multiple Instruction Receipt options including:

Secure Emails [multiple files can be received up to 4:00pm]

FTP Transfers [files are collected from FTP site every 15 minutes]


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ALLIED EXPRESS Service Why ABL?

One of the Top 5 Banks in Pakistan

Dedicated team for processing of Inbound Home Remittances since 2005

First bank to launch Cash over Counter service in Pakistan

One Hour processing time between receipt of instructions and

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availability of Remittances across the network

Instantly available at all 820+ locations upon completion of processing

Instruction files can be received every 15 minutes between midnight and

4 pm

Separate, dedicated team of operations staff managing this function,focused on fast and timely delivery of service to all stakeholdersincluding our Correspondent Partners, Remitters and Beneficiaries


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Transaction Flow Diagram

Correspondents AML / KYC Controls

Remitters Location Agents Counters Correspondents Head Office

SWIFT / Correspondent Banking Network

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ABL Home Remittance Operations

ABL Branch Network Counters


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The procedure for signing up for Allied Express Service is extremely simple:

Review a standardized Correspondent Relationship Agreement whosegeneral content is pre-approved by State Bank of Pakistan

Discuss and make necessary amendments to the Agreement

Finalize Pricing / Rebate Share Ratios and include in Agreement

How to Sign Up for Allied Express Service

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rov e 2 s gne an s ampe cop es o e na ze agreemen

Provide the following documentation with the signed agreement:

Copy of License for operating a Money Transfer Business

List of Directors / Owners of the Firm on your Letterhead

Memorandum & Articles of Association Certificate of Incorporation

A copy of your documented AML / KYC Policy

ABLs Anti-Money Laundering Questionnaire, filled out in full

Audited Financial Statements for the last 2 years

Two Bank References


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Upon submission of agreement and all necessary documentation, ABL willsubmit the entire set to SBP for approval

While the approval is in process, you are required to prepare / format theElectronic Instructions File to be sent to ABL, as per provided instructions

Provide dummy Electronic Instruction File for testing and obtainclearance from ABLs Home Remittance O erations team

How to Sign Up for Allied Express Service

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Upon receipt of Approval from SBP, ABL will:

Open necessary PKR / FCY accounts

Establish Correspondent Account in Remittance Management System

Communicate the unique Correspondent ID and Account Numbers Send FCY to fund the Remittance Distribution instructions to commence

Remittance Distribution Service


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Syed Azmat AliBusiness Manager, RemittancesAllied Bank LimitedFinancial Institutions & Cash Management

Corporate & Investment Banking Group

Contact Details

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Central Office, 2nd Floor, Bath Island, Main Clifton Road,Karachi, Pakistan 75600

[email protected]

+92 213 530 1044 [Direct Line]+92 345 309 4425 [Cell Phone]+92-111-110-110 Ext. 2367 [UAN Number]+92 530 1046 [Fax Number]


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ALLIED EXPRESS SERVICE

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additional detailed information


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ALLIED EXPRESS Service Detailed Information

Allied Bank Limited has been a frontrunner in the business of Remittance DistributionService in Pakistan since before 2005.

Through these years of unprecedented growth, Allied Banks Home RemittanceBusiness Unit [HRBU] has evolved into a group of dedicated individuals, committed

to the provision of excellence to our customers.

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Using state-of-the-art systems and constantly upgraded procedures, we have honedthe process of Remittance Distribution to very high levels of accuracy, efficiency andproductivity. Offering less than an hour of turnaround times for transactions [fromreceipt to disbursement], we are currently handling 35+ active correspondents,

represented across the globe by more than 20,000 retail agents.

Our network of 810+ Online Branches across Pakistan, represent unparalleled reachto each and every corner of Pakistan. Transactions processed at our centraloperations center in Karachi become available instantaneously across the entirenetwork for collection by Beneficiaries.


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ALLIED EXPRESS offers multiple modes of distribution of Remittances tobeneficiaries in Pakistan.

Through Cash Pickup, Beneficiaries in Pakistan can collect their remittances at anyABL branch in the network, on the very same day it was received from abroad.

Remittances can also be credited directl and immediatel to an Account at ABL.

ALLIED EXPRESS Service Detailed Information

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Direct Credit to Account service ensures funds are received by beneficiaries within anhour of their receipt, from anywhere across the world.

Remittances can also be sent to any Account in any Bank in Pakistan through ourAllied Express Cheque service.

ABLs business model for the Remittance Distribution Service is quite flexibledepending on the needs and requirements of our Correspondent Partners.Agreements for this relationship may be established based on the SBPs RebateRegime offer or on a Per Transaction Fee basis.


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CASH PICK-UP

Cash Pick-up is a real-time, online, over the counter product, which allowsbeneficiaries to collect their inbound remittances from the nearest ABL Branch, allacross Pakistan.

Key Features of ALLIED EXPRESS Service

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Pakistan, or whose remittance instructions are for cash payment to the beneficiary.

The beneficiary may access any of ABLs 820+ online branches. By simply presentingtheir original ID cards or passports as proof of identity and filling out a a very simple

form, Beneficiaries can collect their amounts within minutes.

All Beneficiaries, whose mobile numbers are provided by the Remitter, are sent anSMS NOTICE advising them that their Remittance has arrived at ABL and they maycollect the same from any ABL Branch.


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CASH PICK-UP

Product salient features are:

This is a FREE service; no charge applicable to Remitter or Beneficiary.

Instant payment at any of 820+ ABL branches in Pakistan.


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Beneficiary does not need to have a Bank Account, at any bank.

Individual transaction Limit is PKR 500,000

Instant SMS alert to beneficiary (subject to the availability of beneficiarysmobile number). The message will inform the beneficiary of the receipt of their

Remittance at ABL. No other sensitive information is provided via SMS.


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ABL DIRECT CREDIT TO ACCOUNT

Direct Credit to Account remittance service provides instant credit to beneficiaries intheir Account maintained with Allied Bank Limited, at any of our 810+ branchesacross Pakistan. These transactions will be processed in bulk for real-time credit to

beneficiaries account.


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This is a FREE service; no charge applicable to Remitter or Beneficiary.

Facilitates ABL Account Holders only.

Limit is PKR 5,000,000 per day per account.

Fund transfers are processed within an hour of receipt from InternationalCorrespondents.

Instant advice of the transfer to the mobile phone of the beneficiary via a textmessage (SMS Alert).


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ALLIED EXPRESS CHEQUE

The AEC is a product which will facilitate those beneficiaries who are maintainingaccounts with banks other than ABL.

The Allied Express Cheque is payable at any branch of ABL. This enables the


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, ,saving a large amount of document transmission time.

Allied Express Cheques facilitate third party beneficiaries [non-ABL accountholders]for remittance payments through the issuance of Allied Express Cheques or by

transferring funds through the Real Time Gross Settlement System (RTGS) on thevery same day of receipt.

RTGS is a State Bank of Pakistan and PRI developed system, allowing all participatingbanks to send funds and instructions intended for their banks, via electronic fileexchange. The RTGS has drastically reduced the turnaround time for third-bankpayments.


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ALLIED EXPRESS CHEQUE


This is a FREE service; no charge is applicable to Remitter or Beneficiary.

Facilitates beneficiaries maintaining accounts with banks other than ABL.


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Transaction Limit is PKR 5,000,000 per day per account.

RTGS file exchanges occur twice daily: 11:00am and 4:00pm.

In case the beneficiary bank is not on RTGS, Allied Express Cheques will becouriered to beneficiary branch on the very same day of receipt of instruction.


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File Processing Mechanism

ABLs AML / KYC Controls

Correspondent HO Sends Remittance File(FTP or Email)

ABL RemittanceProcessing Unit

HRBU makes Remittances availableat all 810+ branches

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ABL Accounts Credited

Third Bank Credits

ABL Branch Network Counters


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Whether through Email or FTP, instructions for distribution of remittances arereceived in the form of electronic, text files.

A comprehensive document is provided, explaining each and every aspect of thedevelopment of the standardized Electronic File including:

The various data elements fields re uired

Producing the Electronic Text Files for ABL

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The relationship between the Payment Modes discussed and the content to beincluded in each field

The sequence and format of each field

Indication of Mandatory Fields for each Payment Mode

The setup of the File Header and its contents

File naming preference

Reference Number preferences


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In order to expedite the file upload and data processing for our valued partners, weare offering FTP functionality to all our Correspondents. We are already using thisfacility for our top 3 volume partners with excellent results.

Under the FTP mechanism, ABL will automatically pick up data files from

Correspondent identified secure data storage locations. The file pickups are done

File Transfer Protocol [FTP] Mechanism

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every m nu es. e es are en ma e ava a e or na rev ew an up oa n oour Remittance Management system.

When using FTP mechanism, there will be no need to send files via email. Also,correspondents can create as many files as they wish during the day at intervals of

their choosing. Using this process, transaction files provided by the correspondentswill be uploaded and processed within 1 hour of being available for upload.


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Benefits of FTP over EMAIL as mode of Communication

No human intervention required in raw file upload; safer and more secure

No access to anyone at either end of the file exchange mechanism

Automated upload by ABL every 15 minutes; no chance of delays or slippage

Files can be sent at Correspondents convenience between 12:00am and

4:00pm Monday to Friday and between 12:00am and 12:00noon on Saturdays

File Transfer Protocol [FTP] Mechanism

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FTP Setup Requirements

FTP Site Address

User ID (Required to access the FTP site)

Password

IN folder path (where correspondent will place remittance files)

OUT folder path (this will be used to send status report to thecorrespondent)


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A web-based Remittance Transaction Tracker is available on the web

The service allows our Correspondents, Remitters and Beneficiaries to remotelycheck the status of their Remittance Transaction, from anywhere in the world

To use the service, the Unique Reference Number provided by the InternationalCorrespondent is required

Upon entering the Reference Number, the system will provide only the most

Individual Transaction Tracker

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current status of the transaction i.e. processed, available for payout, paid,cancelled, etc.

Only limited information is reflected on the system to avoid disclosure ofsensitive information.

Documents

Allied ExpressPDF