Cut-off times list Corporate eGateway
Document Title Version
Cut-off times list 4.0
2015-10-12 Date 2(42) Page Reference
Table of contents 1
Purpose of this document ................................................................................................................. 5
2
Cut-off time definitions for payments and authorisations ................................................................ 5
3
Cut-off time definitions for Direct Debit.......................................................................................... 5
4
Cut-off time definitions for EDIFACT messages CONTRL, BANSTA, AUTHOR, CREMUL, DEBMUL and FINSTA or XML ISO20022 messages pain.002, pain.007, pain.008, pain.009, pain.011, pain.012, camt.029, camt.053, camt.054 and camt.055. .................................................. 6
5
Definitions for payment days, debit account and available to beneficiary....................................... 6
6
Time definition used by Corporate eGateway .................................................................................. 6
7
Cut-off times payments (EDIFACT PAYMUL or XML pain.001) ................................................. 7 7.1 Cut-off times, Nordea Bank Sweden, Domestic payments 7 7.2 Cut-off times and currency rules, Nordea Bank Sweden, International payments 8 7.3 Cut-off times, Nordea Bank Norway, Domestic payments 9 7.4 Cut-off times and currency rules, Nordea Bank Norway, International payments 10 7.5 Cut-off times, Nordea Bank Denmark, Domestic payment 11 7.6 Cut-off and currency rules, Nordea Bank Denmark, International payments 12 7.7 Cut-off times, Nordea Bank Finland, Domestic payments 13 7.8 Cut-off times and currency rules, Nordea Bank Finland, International payments 14 7.9 Cut-off times, Nordea Bank Germany, Domestic payments 15 7.10 Cut-off times and currency rules, Nordea Bank Germany, International payments 16 7.11 Cut-off times, Nordea Bank Great Britain, Domestic payments 17 7.12 Cut-off times and currency rules, Nordea Bank Great Britain, International payments 18 7.13 Cut-off times, Nordea Bank Estonia, Domestic payments 19 7.14 Cut-off times and currency rules, Nordea Bank Estonia, International payments 20 7.15 Cut-off times, Nordea Bank Latvia, Domestic payments 21 7.16 Cut-off times and currency rules, Nordea Bank Latvia, International payments 22 7.17 Cut-off times, Nordea Bank Lithuania, Domestic payment 23 * Note: For domestic payment it is recommended to use Payment to account which will give same day value. (SEPA payments D+1) 23 7.18 Cut-off times and currency rules, Nordea Bank Lithuania, International payment 24 7.19 Cut-off times, Nordea Bank USA and Canada 25 7.20 Cut-off times, OJSC Nordea Bank, Russia, Domestic payment 25 7.21 Cut-off times and currency rules, OJSC Nordea Bank, Russia, International payment 26
8
Cut-off times Direct Debit .............................................................................................................. 26 8.1 Cut-off times for Direct Debit, Nordea Bank Sweden 26 8.2 Cut-off times for Direct Debit, Nordea Bank Norway 27 8.3 Cut-off times for DIRDEB, Nordea Bank Denmark 28
9
Cut-off times for status reports (EDIFACT BANSTA or XML pain.002) .................................... 28
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9.1 Cut-off times for status reports for payments & direct debits (file delivery day) for all Nordea Companies 9.2 Cut-off times status reports for Direct Debit and authorisations (file delivery day) for all Nordea Companies 9.3 Cut-off times status report (payment day) for all Nordea Companies 9.4 Cut-off times AUTHOR (2)/pain.012 for all Nordea companies
28 29 30 31
10 Cut off times for EDIFACT messages CONTRL, CREMUL, DEBMUL and FINSTA or XML messages pain.002, camt.054 and camt.053 ......................................................................... 32 10.1 Cut-off times CONTRL/pain.002 32 10.2 Cut-off times CREMUL/camt.054 for all Nordea Companies 33 10.3 Cut-off times DEBMUL/camt.054 for all Nordea Companies 33 10.4 Cut-off times account statement for all Nordea Companies 35 11 Bank holidays for all Nordea Companies ....................................................................................... 36 11.1 Bank holidays in Nordea Bank Denmark 36 11.2 Bank holidays in Nordea Bank Estonia 37 11.3 Bank holidays in Nordea Bank Finland 37 11.4 Bank holidays in Nordea Bank Germany 38 11.5 Bank holidays in Nordea Bank Great Britain 38 11.6 Bank holidays in Nordea Bank Latvia 39 11.7 Bank holidays in Nordea Bank Lithuania 39 Note: If there is a bank holiday in Finland, no cross-border payments will be forwarded on that day to the Baltic 39 11.8 Bank holidays in Nordea Bank USA 40 11.9 Bank holidays in Nordea Bank Norway 40 11.10 Bank holidays in OJSC Nordea Bank, Russia 41 11.11 Bank holidays in Nordea Bank Sweden 42
Document Title Version
Cut-off times list
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Version change history
Version 3.6.
2014-06-16
Poland removed from the document Chapter 8 Direct debit for Finland removed Chapter 7.1 (SE) Cancellation Bankgiro changed from 17.00 to 15.00, and cancellation Plusgiro changed from 15.00 to 14.00 Chapter 7.15-7.20 (Baltics): Cut-off changed for several payment types
Version 3.7
2014-09-08
Version 3.8
2015-05-18
Version 3.9
2015-08-10
Version 4.0
2015-10-12
Chapter 7.5 (DK): Payment type Payment to account renamed to Standard credit transfer. Added payment type Same-day credit transfer. Updates for Direct Debit XML Changed currency to EUR for Lithuania, urgent payment type removed, cut-off times updated for domestic and SEPA payments Minor updates in incoming payments Sweden Chapter 10.2 (credit advices): Direct Debit removed for Finland Chapter 10.3 (debit advices): International payments added for countries Estonia, Finland, Latvia and Lithuania. Chapter 7.2 (SE) International payments: Cut off for Financial payments RON changed to 13.00 (14.00 local time)
Document Title Version
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2015-10-12 Date 5(42) Page Reference
1
Purpose of this document
This document provides the user of the Nordea Group’s (hereinafter also referred to as “Nordea”) Corporate eGateway with a list of the cut-off times used by Nordea’s Message Centre as well as the local cut-off for each service and country that are part of Corporate eGateway. It also describes the effective date applied for each booking within the Executing Banks and expected availability at the beneficiary’s bank. The terms and definitions used in this document are defined in the separate document Glossary for Corporate eGateway. Note: Corporate eGateway currently offer all countries and services included in this document in EDIFACT format. For XML ISO20022 in version 2 the following applies, for payments (pain.001) and status reports (pain.002) all Nordic and Baltic countries are offered. For pain.001 & pain.002 in version 3 (CGI compliant) all Nordic/Baltic countries as well as Canada, Germany, Great Britain, Russia and USA are available. Credit and debit notifications, i.e. camt.054 (CGI compliant) are offered for all Nordic/Baltic countries. For account statements (camt.053) all countries are included.
2
Cut-off time definitions for payments and authorisations
There are two different types of cut-off times listed in this document: the Corporate eGateway Cut-off times and the Local Cut-off times. In order to ensure timely and accurate processing of the payment or other instructions within the Corporate eGateway services the Customer must transmit Messages to Nordea's Message Centre in accordance with the Corporate eGateway Cut-off times. The Local Cut-off time specifies the cut-off time for each country/currency. The payment instruction and other Message types must reach the Message Centre no later than 60 minutes before the local cut-off time in order to meet the respective cut-off times, providing that the payment order contains all information necessary for execution. Special cut-off times apply for reduced working days, see chapter 11. Please be aware that the Message Centre will not reject payments in relation to any cut-off time, however, the Message Centre will perform validation for some payment types and reject payments due to content errors (please see Functional Specification documents). Each local Executing Bank will validate the content and cut-off time on payment types not validated by the Message Centre. The Message Centre never rejects Authorisation Messages– this is done only by the relevant Executing Bank, see Functional Specification for Nordea Direct Debits. If the Message Centre receives the Customer’s Messages after the Corporate eGateway Cut-off time, Nordea is not responsible for processing the instructions in Corporate eGateway in such a way that they can be carried out in the Executing Banks in accordance with the Local Cut-off times. However, if the Message Centre receives the instructions after the Corporate eGateway Cut-off time the Executing Bank retains the right to carry out the instructions according to Local Cut-off times, if possible.
3
Cut-off time definitions for Direct Debit
Please be aware that the cut-off time stipulated in this document for Direct Debit is the actual cut-off time used by the Message Centre. This means that the Message Centre rejects any Direct Debit messages that are delivered after the stipulated cut-off time.
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4
Cut-off time definitions for EDIFACT messages CONTRL, BANSTA, AUTHOR, CREMUL, DEBMUL and FINSTA or XML ISO20022 messages pain.002, pain.007, pain.008, pain.009, pain.011, pain.012, camt.029, camt.053, camt.054 and camt.055.
The cut-off time indicated for EDIFACT messages such as CONTRL, BANSTA, AUTHOR, CREMUL, DEBMUL and FINSTA or for XML ISO20022 messages such as pain.002, pain.012, camt.029, camt.054 or camt.053, represents the delivery times from the Message Centre.
5
Definitions for payment days, debit account and available to beneficiary
In this Cut-off Times List the following terms will be used: “The Corporate eGateway Cut-off time”: the time a Message should be received by the Message Centre in order to meet the Local Cut-off time as set by each Executing Bank. The column “Debit account” describes when the Executing Bank will book the payment instruction in relation to the requested Payment day and “Available to beneficiary bank”. The column “Available to beneficiary bank” includes information concerning when the payment amount is made available to the beneficiary’s bank. The following explanations apply: Day -1 Day 0 Day +1
= The Business Day prior to the Payment day = The Payment day = The Business Day after the Payment day
Additional information about international payments: The table shows value dating rules and cut-off times for each payment type, currency and whether beneficiary’s bank is Nordea or not. Value dates for outgoing payments are expressed in number of Business Days after execution day. The indicated credit value date is for the Nordea correspondent bank (in case the beneficiary bank is not a Nordea bank).
6
Time definition used by Corporate eGateway
All hours are defined as Central European Time (CET). Please be aware of the time difference between Finland, the Baltic countries (Estonia, Latvia and Lithuania), Russia, United States (EST) and Great Britain compared to the other Nordea countries, i.e. Denmark, Germany, Norway and Sweden where CET involves no time difference. The time difference for Finland and the Baltic countries is CET +1 hour, for United States (EST) it is CET -6 hours, whilst for Great Britain it is CET–1 hour. In Russia there are 9 time zones, from CET+1 hour (Kaliningrad) to CET+9 hours (Magadan). For major Russian cities Moscow and Saint-Petersburg the time difference is CET+2 hours.
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7
Cut-off times payments (EDIFACT PAYMUL or XML pain.001)
Cut-off times for interchange between the Customer, the Message Centre at Nordea, and the local Nordea Bank. Please also read through which countries that are offered in EDIFACT and/or XML format and “Cut-off time definition for payments”.
7.1 Cut-off times, Nordea Bank Sweden, Domestic payments Local payment types
Payment type MIG
Bankgiro (LB-service)
All Payment types
Bankgiro (LB-Lön/Salary)
Salary payment
PlusGiro (Girodirekt-service)
Reference payment to a PlusGiro no. Non-reference payment to a PlusGiro no. Payment to a non PlusGiro account (other bank) Salary and Pension payment All payments from PlusGiro to a Bankgiro no. Intercompany payment
PlusGiro (Girodirekt-service)
PlusGiro (Girodirekt-service)
PlusGiro (Girodirekt-service)
PlusGiro to Bankgiro
Koncernintern betalning Samma dags valutering
Same-day-value payment
Finansiell betalning
Financial payment
Corporate eGateway cut-off time (CET) Day -1 18.00 Day -2 18.00 Day 0 16.00 Day 0 16.00
Local cut-off time (CET)
Debit account
Available to beneficiary bank
Day -1 19.00 Day -2 19.00 Day 0 17.00 Day 0 17.00
Day 0
Day 0
Day -1
Day 0
Day 0
Day 0
Day 0
Day 0
Day0 11.00
Day 0 12.00
Day 0
Day 0
Day -1 23.00
Day -1 24.00
Day 0
Day +1
Day 0 08.45
Day 0 09.45
Day 0
Day 0
Day 0 14:00 Day 0 09:00< SEK 500.000 14:00>=SEK 500.000 Day 0 09:00< SEK 500.000 14:00>=SEK 500.000
Day 0 14:00 Day 0 10:00< SEK 500.000 15:00>=SEK 500.000 Day 0 10:00< SEK 500.000 15:00>=SEK 500.000
Day 0
Day 0
Day 0
Day 0
Day 0
Day 0
Day -1 15.00 Day -1 14.00
Day -1 19.00 Day -1 17.00
-
-
-
-
Cancellation Bankgiro – All payment types
Manual cancellation
PlusGiro – All payment types
Manual cancellation
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7.2 Cut-off times and currency rules, Nordea Bank Sweden, International payments Local payment types
Currency
Payment type MIG
Nordea Payment – if beneficiary’s bank account is with Nordea
DKK, EUR, GBP, NOK, PLN, SEK, SGD
Ordinary payment
Ordinary international payment – if beneficiary’s bank account is not with Nordea
EUR for European Economic Area (EEA-countries)
Ordinary payment
EU payment Express payment
Intercompany Payment within Nordea
1. Intercompany payment – if beneficiary’s bank account is not with Nordea (must be agreed with beneficiary’s bank) 2. Same day value payment
Corporate eGateway cut-off time (CET) Day 0 14.00
Local cut-off time (CET)
Debit account
Day 0 15.00
Day 0
Available to beneficiary/ correspondent bank Day +1
Day 0 14.00
Day 0 15.00
Day 0
Day +1
Day 0 14.00
Day 0 15.00
Day 0
Day +2
Ordinary payment Express payment
13.00 13.00
14.00 14.00
Day 0 Day 0
Day +2 Day +1
Intercompany payment
Day 0 14.30
Day 0 15.30
Day 0
Day 0
EUR, USD
Day 0 15.00
Day 0 16.00
Day 0
Day 0
SGD
Day -1 14.30
Day -1 15.30
Day 0
Day 0
Day 0 07.00
Day 0 08.00
Day 0
Day 0
Day 0 09.00
Day 0 10.00
Day 0
Day 0
Day 0 12.30
Day 0 13.30
Day 0
Day 0
RON
Day -1 13.00
Day -1 14.00
Day 0
Day 0
NOK
Day 0 14.00
Day 0 15.00
Day 0
Day 0
CAD, GBP, SEK
Day 0 14.30
Day 0 15.30
Day 0
Day 0
EUR, USD
Day 0 15.00
Day 0 16.00
Day 0
Day 0
Day -1 14.30
Day -1 15.30
Day 0
Day 0
Day -1 14.30
Day -1 15.30
Day 0
Day 0
Day 0 15.00 Day 0 15.00
Day +2
Day +2
Day 0
When cashed
Day -1 16.00
-
-
Other currencies EUR, SEK AED, AUD, CAD, CHF, CZK, DKK, EUR, GBP, HKD, HRK, HUF, ILS, JPY, KWD, MXN, NOK, NZD, PLN, RON, RUB, SAR, SEK, SGD, TRY, USD, ZAR DKK, GBP, NOK, PLN, SEK
HUF, PLN, TRY
1. Intercompany payment
CZK
DKK
3. Financial payment
2. Same day value 3. Financial payment
AED, AUD, HKD, HRK, ILS, ISK, KWD, NZD, RUB, SAR, SGD, ZAR CHF, JPY, MXN Other currencies Payment to money order (cheque)
AUD, CAD, CHF, DKK, EUR, GBP, HKD, INR, JPY, MAD, NOK, NZD, SEK, SGD, TND, USD, ZAR
Payment to money order (cheque)
Day 0 14.00 Day 0 14.00
All currencies
Manual cancellation
Day -1 14.00
Cancellation All payment types
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7.3 Cut-off times, Nordea Bank Norway, Domestic payments Local payment types
Payment type MIG
Domestic payments
- Payment to account - Salary payment - Pension payment - Payment to money order (payment advice)
Intercompany payments SDV payments Financial payments
Intercompany payment (domestic SWIFT) Same-day-value payment (domestic SWIFT) Financial payment (domestic SWIFT)
Corporate eGateway cut-off time (CET) Afternoon settlement Day 0 11.00
Local cut-off time (CET)
Debit account
Available to beneficiary bank
Afternoon settlement Day 0 12.00
Day 0
Day 0
End settlement Day 0 13.00 Day 0 14.30 Day 0 14:00 Day 0 14:00
End settlement Day 0 14.00 Day 0 15.30 Day 0 15:00 Day 0 15:00
Day 0
Day 0
Day 0
Day 0
Day 0
Day 0
Day -1 14.00
Day -1 16.30
-
-
Cancellation All payment types
Manual cancellation
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7.4 Cut-off times and currency rules, Nordea Bank Norway, International payments Local payment types
Currency
Payment type MIG
Corporate eGateway cut-off time (CET)) Day 0 14.00
Local cut-off time (CET)
Debit account
Day 0 15.00
Day 0
Available to beneficiary/ correspondent bank Day +1
Nordea Payment – if beneficiary’s bank account is with Nordea (with currency exchange) Nordea Payment – if beneficiary’s bank account is with Nordea (without currency exchange) Ordinary international payment – if beneficiary’s bank account is not with Nordea (with currency exchange) Ordinary international payment – if beneficiary’s bank account is not with Nordea (without currency exchange) Ordinary international payment – if beneficiary’s bank account is not with Nordea (without currency exchange) Intercompany Payment within Nordea
DKK, EUR, GBP, NOK, PLN, SEK, SGD, USD DKK, EUR, GBP, NOK, PLN, SEK, SGD, USD All currencies
Ordinary payment
Ordinary payment
Day 0 14.00
Day 0 15.00
Day +1
Day +1
Ordinary payment
Day 0 14.00
Day 0 15.00
Day 0
Day +2
EUR, GBP, NOK, USD
Ordinary payment
Day 0 14.00
Day 0 15.00
Day +1
Day +1
Other currencies than above
Ordinary payment
Day 0 14.00
Day 0 15.00
Day +2
Day +2
DKK, GBP, NOK, PLN, SEK
Intercompany payment
Day 0 14.30
Day 0 15.30
Day 0
Day 0
EUR, USD
Day 0 15.00
Day 0 16.00
Day 0
Day 0
SGD
Day -1 14.30 Day 0 15.00
Day -1 15.30 Day 0 16.00
Day 0
Day 0
Day 0
Day 0
Day 0 07.00
Day 0 08.00
Day 0
Day 0
Day 0 09.00
Day 0 10.00
Day 0
Day 0
Day 0 1400
Day 0 15.00
Day 0
Day 0
Day 0 12.30
Day 0 13.30
Day 0
Day 0
Day 0 14.30
Day 0 15.30
Day 0
Day 0
Day -1 14.30
Day -1 15.30
Day 0
Day 0
Day -1 13.00
Day -1 14.00
Day 0
Day 0
Day 0 15.00 Day -1 14.00
Day +2
Day +2
Day 0
When cashed
Day -1 16.30
-
-
1. Express payment and Intercompany payment to beneficiary with account outside Nordea
USD, EUR
2. Same-day-value payment
CZK
3. Financial payment
Express payment
PLN, HUF, TRY
NOK
DKK
CAD, GBP, SEK,
CHF, JPY, MXN
AED, AUD,, HKD, HRK. ILS, ISK, KWD, NZD, RON, RUB, SAR, SGD, ZAR Other currencies than above Cheque payment
All currencies
Payment to money order (cheque)
Day 0 14.00 Day -1 13.00
All currencies
Manual cancellation
Day -1 15.00
Cancellation All payment types
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7.5 Cut-off times, Nordea Bank Denmark, Domestic payment Local payment types
Payment type MIG
Corporate eGateway cut-off time (CET) Day 0 16.00
Local cut-off time (CET)
Debit account
Available to beneficiary bank
Payment to account
- Standard credit transfer - Salary payment - Pension payment
Day 0 17.00
Day0
Day+1
- Same-day credit transfer
Day 0 10.30
Day 0 11.30
Day 0
Day 0
- Easy Account" (NemKonto)
Day -1 16.00
Day -1 17.00
Day 0
Day +1
- To own account in Nordea Denmark
Day 0 16.00
Day 0 17.00
Day 0
Day 0
Payment via Giro and transfer form
Payment via transfer form
Day +1
Intercompany payment
Day 0
Day 0
Same-day-value payment within Nordea
Same-day-value payment
Day 0
Day 0
Same-day-value payment to other banks
Same-day-value payment
Day 0
Day 0
Financial payment
Financial payment
Day 0
Day 0
Cheque payment
Payment to money order (cheque)
Day 0 17.00 Day 0 13.30 Day 0 15:00 Day 0 13:30 Day 0 13:30 Day -1 17.00
Day 0
Intercompany payment
Day 0 16.00 Day 0 12.30 Day 0 14:00 Day 0 12:30 Day 0 12:30 Day -1 16.00
Day 0
When cashed
Day -1 14.30
Day -1 16.30
-
-
Cancellation All payment types
Manual cancellation
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7.6 Cut-off and currency rules, Nordea Bank Denmark, International payments Local payment types
Currency
Payment type MIG
Nordea Payment – if beneficiary’s bank account is with Nordea
DKK, EUR, GBP, NOK, PLN, SEK, SGD, USD
Ordinary payment
Ordinary international payment – if beneficiary’s bank account is not with Nordea
EUR for European Economic Area (EEA-countries)
Ordinary payment
Intercompany Payment within Nordea
Other currencies DKK, GBP, NOK, PLN, SEK
1. Express payment and Intercompany payment to beneficiary with account outside Nordea
Corporate eGateway cut-off time (CET) Day 0 14.00
Local cut-off time (CET)
Debit account
Day 0 15.00
Day 0
Available to beneficiary/ correspondent bank Day +1
Day 0 14.00
Day 0 15.00
Day 0
Day +1
Day 0 14.00
Day 0 15.00
Day 0
Day +2
Day 0 14.30
Day 0 15.30
Day 0
Day 0
EUR, USD
Day 0 15.00
Day 0 16.00
Day 0
Day 0
SGD
Day -1 14.30 Day 0 07.00
Day -1 15.30 Day 0 08.00
Day 0
Day 0
Day 0
Day 0
Day 0 09.00
Day 0 10.00
Day 0
Day 0
Day 0 12.30
Day 0 13.30
Day 0
Day 0
Day 0 14.00
Day 0 15.00
Day 0
Day 0
Day 0 14.30
Day 0 15.30
Day 0
Day 0
Day 0 15.00
Day 0 16.00
Day 0
Day 0
Day -1 13.00
Day -1 14.00
Day 0
Day 0
Day -1 14.30
Day -1 15.30
Day 0
Day 0
Day 0 15.00 Day 0 13.00
Day +2
Day +2
Day 0
When cashed
Day -1 17.00
-
-
HUF, PLN, TRY
Intercompany payment
Express payment
CZK
DKK 2. Same day value payment 3. Financial payment
NOK
CAD, GBP, SEK
EUR, USD
AED, AUD, HKD, HRK, ILS, ISK, KWD, NZD, RON, RUB, SAR, SGD, ZAR CHF, JPY, MXN
Other currencies
Payment to money order
All currencies
Payment to money order (cheque)
Day 0 14.00 Day 0 12.00
All currencies
Manual cancellation
Day -1 15.00
Cancellation All payment types.
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7.7 Cut-off times, Nordea Bank Finland, Domestic payments Note. CET +1 hour applies in Finland. Local payment types
Payment type MIG
Corporate eGateway cut-off time (CET) Day 0 16.30 Day -0 16.30 Day 0 15.00 Day 0 13:30 Day 0 13:30
Local cut-off time (CET)
Debit account
Available to beneficiary bank
Corporate Payments Service
All Payment types
Day 0 17.30 Day -0 17.30 Day 0 16.00 Day 0 14:30 Day 0 14:30
Day 0
Day 0
Day 0 in Nordea Day +1 other banks Day+1 in all Finnish banks Day 0
Corporate Payments Service, Salary and Pension Express payment
Salary and Pension payments Intercompany payment
Express payment
Same-day-value payment
Day 0
Day 0
Express payment
Financial payment
Day 0
Day 0
Manual cancellation
Day -1 15.30
Day -1 17.30
-
-
Manual cancellation
Day -1 15.30
Day -1 17.30
-
-
Day -0
Cancellation Domestic payments (CPS). Please note special rules for cancellation in Finland 1 Salary and Pension payments. Please note special rules for cancellation in Finland 11
1
Cancellation for single C-level instructions is not possible in Nordea Bank Finland. If cancellation is needed the entire B-level of the relevant payment Message must be cancelled.
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7.8
Cut-off times and currency rules, Nordea Bank Finland, International payments
Note: 1. All EUR payments to EU area are handled as SEPA payments 2. CET +1 hour applies in Finland. Local payment types
Currency
Payment type MIG
Nordea Payment – if beneficiary’s bank account is with Nordea
DKK, EUR, USD, GBP, SEK, NOK, PLN, RUB SGD
Ordinary payment
Ordinary international payment – if beneficiary’s bank account is not with Nordea
EUR for European Economic Area (EEA-countries)
Ordinary payment
Express payment
Intercompany Payment within Nordea
1. Intercompany payment to beneficiary with account outside Nordea 2. Same-day-value payment 3. Financial payment
Corporate eGateway cut-off time (CET) Day 0 14.00
Local cut-off time (CET)
Debit account
Day 0 15.00
Day 0
Available to beneficiary/ correspondent bank Day +1
Day 0 14.00
Day 0 15.00
Day 0
Day +1
Day 0 14.00
Day 0 15.00
Day 0
Day +2
Express payment
Day 0 13.00
Day 0 14.00
Day 0
Day +1
Intercompany payment
Day 0 14.30
Day 0 15.30
Day 0
Day 0
EUR, USD
Day 0 15.00
Day 0 16.00
Day 0
Day 0
SGD
Day -1 14.30 Day 0 07.00
Day -1 15.30 Day 0 08.00
Day 0
Day 0
Day 0
Day 0
Day 0 09.00
Day 0 10.00
Day 0
Day 0
Day 0 12.30
Day 0 13.30
Day 0
Day 0
Day 0 14.00
Day 0 15.00
Day 0
Day 0
Day 0 14.30
Day 0 15.30
Day 0
Day 0
Day 0 15.00
Day 0 16.00
Day 0
Day 0
Day -1 13.00
Day -1 14.00
Day 0
Day 0
Day -1 14.30
Day -1 15.30
Day 0
Day 0
Day 0 14.00
Day 0 15.00
Day +2
Day +2
Other currencies AUD, CAD, CHF, CZK, DKK, EUR, GBP, HKD, ISK, JPY, NOK, NZD, PLN, RUB, SEK, SGD, SKK, USD, ZAR DKK, GBP, NOK, PLN, SEK
HUF, PLN, RUB, TRY
Same-day-value payment
CZK
DKK
NOK
CAD, GBP, SEK
EUR, USD
AED, AUD, HKD, HRK, ILS, KWD, NZD, RON, SAR, SGD, ZAR CHF, JPY, MXN, RSD
Other currencies
Cheque payment
All currencies
Payment to money order (cheque)
All currencies
Manual cancellation
When cashed
Cancellation All payment types
Day – 1 16.00
Day - 1 17.00
-
-
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7.9 Cut-off times, Nordea Bank Germany, Domestic payments Local payment types
Payment type MIG
Domestic payments
Ordinary payment to account Express payment Intercompany payment
Domestic Express payment Intercompany payment within Nordea Germany
Corporate eGateway cut-off time (CET) Day 0 14.30
Local cut-off time (CET)
Debit account
Available to beneficiary bank
Day 0 15.30
Day 0
Day 1
Day 0 14.30 Day 0 14.30
Day 0 15.30 Day 0 15.30
Day 0
Day 0
Day 0
Day 0
Day -1 15.00
Day -1 17.00
-
-
Cancellation All payment types
2
Manual cancellation 2
Nordea Bank Germany will perform all manually ordered cancellations on a best effort basis.
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7.10 Cut-off times and currency rules, Nordea Bank Germany, International payments Local payment types
Currency
Payment type MIG
Nordea Payment – if beneficiary’s bank account is with Nordea (with currency exchange) Ordinary international payments – if beneficiary’s bank account is not with Nordea (with currency exchange)
EUR, DKK, GBP, NOK, SEK, USD, PLN, DKK, NOK, SEK, CAD, GBP, USD, EUR, AED, AUD, CHF, HKD, HUF, INR, JPY, NZD, RUB, SGD, SKK, THB, TRY, ZAR, PLN, CZK USD, EUR
Ordinary payment
Express payment (with currency exchange)
Express payment (without currency exchange)
Corporate eGateway cut-off time (CET) Day 0 12.00
Local cut-off time (CET)
Debit account
Day 0 13.00
Day 0
Available to beneficiary/ correspondent bank Day +2
Ordinary payment
Day 0 12.00
Day 0 13.00
Day 0
Day +2
Express payment
Day 0 12.00
Day 0 13.00
Day 0
Day 0
Day 0 12.00
Day 0 13.00
Day 0
Day +1
Day 0 14.30
Day 0 15.30
Day 0
Day 0
EUR
Day 0 15.15
Day 0 16.15
Day 0
Day 0
CZK
Day 0 07.00
Day 0 08.00
Day 0
Day 0
PLN
Day 0 08.30
Day 0 09.30
Day 0
Day 0
AED, AUD, CHF, HKD, HUF, INR, JPY, NZD, RUB, SGD, SKK,THB, TRY, ZAR
Day 0 14.30
Day 0 15.30
Day 0
Day +1
Intercompany payment
Day 0 14.30
Day 0 15.30
Day 0
Day 0
Manual cancellation
Day -1 14.00
Day -1 16.00
-
-
DKK, NOK, SEK, CAD, GBP, AED, AUD, CHF, HKD, HUF, INR, JPY, NZD, RUB, SGD, SKK, THB, TRY, ZAR, PLN, CZK DKK, NOK, SEK, CAD, GBP, USD
Intercompany Payment within Nordea
Express payment
Cancellation All payment types
All currencies
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7.11 Cut-off times, Nordea Bank Great Britain, Domestic payments Note. CET –1 hour applies in Great Britain. Local payment types
Payment type MIG
BACS payments (only GBP)
BACS payment to account (low value) Faster payment to account (real-time/low value) CHAPS Same day value payment (high value) Payment to money order (cheque) Intercompany payment
Faster payment (only GBP)
CHAPS payments (only GBP)
Cheque payments (only GBP)
Intercompany payment within Nordea Great Britain
Corporate eGateway cut-off time (CET) Day 0 14.00
Local cut-off time (CET)
Debit account
Available to beneficiary bank
Day 0 15.00
Day 2
Day 2
Day 0 15.00
Day 0 16.00
Day 0
Day 0
Day 0 14.00
Day 0 15.00
Day 0
Day 0
Day 0 14.00
Day 0 15.00
Day 0
N/A
Day 0 15.00
Day 0 16.00
Day 0
Day 0
Day 0 13.30
Day 0 15.30
-
-
Cancellation BACS and CHAPS
3
Manual cancellation 3
Nordea Bank Great Britain will perform all manually ordered cancellations on a best effort basis.
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7.12 Cut-off times and currency rules, Nordea Bank Great Britain, International payments Note. CET –1 hour applies in Great Britain. Local payment types
Currency
Payment type MIG
Nordea Payment – if beneficiary’s bank account is with Nordea London (with currency exchange) International payments – beneficiary’s bank account is with another Nordea office or a third party bank (with currency exchange)
GBP, USD, EUR, NOK, DKK, SEK, SGD, PLN
Ordinary payment
NOK, DKK, SEK
Ordinary Payment
Intercompany Payment within Nordea Cheque payment Official bank draft
Corporate eGateway cut-off time (CET) Day 0 13.30
Local cut-off time (CET)
Debit account
Day 0 14.30
Day 0
Available to beneficiary/ correspondent bank Day 0
Day 0 10.00
Day 0 11.00
Day 0
Day 0
EUR, GBP, USD
Day 0 13.00
Day 0 14.00
Day 0
Day 0
SGD
Day 0 11.00
Day 0 12.00
Day +1
Day +1
AUD, CAD, CHF, HKD, ISK, JPY, KRW, KWD, MAD, MYR, NZD, ZAR
Day 0 14.00
Day 0 15.00
Day +2
Day +2
Day 0 14.00
Day 0 15.00
Day +3
Day +3
Intercompany payment
Day 0 14.30
Day 0 15.30
Day 0
Day 0
Ordinary payment to money order (cheque)
Day 0 13.00
Day 0 14.00
Day 0
When cashed
-
-
AED, BHD, BRL, CZK, IDR, INR, PHP, PKR, PLN, SAR, THB, TND, TWD, XPF GBP, USD, EUR, NOK, DKK, SEK, SGD, PLN GBP, USD, EUR, NOK, DKK, SEK
Cancellation All payment types
All currencies
Manual cancellation
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7.13 Cut-off times, Nordea Bank Estonia, Domestic payments Note: CET +1 hour applies in Estonia. Local payment types
Payment type MIG
Corporate eGateway cut-off time (CET)
Local cut-off time (CET)
Debit account
Available to beneficiary bank
SEPA Payment To an account in Nordea Bank Estonia
Payment to account
Day 0 18:00 Day 0 13:30
Day 0 19:00 Day 0 14:30
Day 0
Day 0
Day 0
Day 0
Day 0
Day 0
Day 0
Day 0
To an account in Nordea Bank Estonia
18:00
19:00
To an account outside Nordea Bank Estonia
13:30
14:30
Express payment
Day 0 15.00
Day 0 16.00
Day 0
Day 0
Manual cancellation
Day –1 14.00
Day –1 16.00
-
-
To an account outside Nordea Bank Estonia Salary and pension payments
Urgent payments
Salary payment
Cancellation All payment types
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7.14 Cut-off times and currency rules, Nordea Bank Estonia, International payments Note: CET +1 hour applies in Estonia. Local payment types
Currency
Payment type MIG
Corporate eGateway cut-off time (CET) Day 0 15:00
Local cut-off time (CET)
Debit account
Day 0 16:00
Day 0
Available to beneficiary/ correspondent bank Day +1
Nordea Payment – if beneficiary’s bank account is with Nordea (with currency exchange) Ordinary international payments – if beneficiary’s bank account is not with Nordea (with currency exchange) Urgent international payments – if beneficiary’s bank account is not with Nordea (with currency exchange) Same day value payment
DKK, EUR, GBP, NOK, PLN, SEK, SGD, USD Other currencies
Ordinary payment
Day 0 15:00 13:30
Day 0 16:00 14:30
Day 0
Day +2
Day 0
Day+0
Urgent payment
Day 0 15:00 14:30
Day 0 16:00 15:30
Day 0
Day +1
Same day value (express payment)
13:00
14:00
Day 0
Day 0
10:00 12:00 06:30
11:00 13:00 07:30
Day 0 15:00
Day 0 16:00
Day 0
Day 0
Day 0 14:30
Day 0 15:30
Day -1 14.00
Day -1 16.00
-
-
Ordinary payment
EUR
USD Other currencies EUR, USD, DKK NOK, GBP, SEK, PLN RUB
Intercompany Payment within Nordea
USD
Intercompany payment
DKK, GBP, EUR, NOK, PLN, SEK,
Cancellation All payment types
All currencies
Manual cancellation
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7.15 Cut-off times, Nordea Bank Latvia, Domestic payments Note: CET +1 hour applies in Latvia. Local payment types
Payment type MIG
SEPA payment To an account in Nordea Bank Latvia To an account outside Nordea Bank Latvia
Payment to account
Salary and pension payments To an account in Nordea Bank Latvia
Corporate eGateway cut-off time (CET)
Local cut-off time (CET)
Debit account
Available to beneficiary bank
Day 0 18.00 Day 0 13:30
Day 0 19.00 Day 0 14:30
Day 0
Day 0
Day 0
Day 0
Day 0
Day 0
Day 0
Day 0
18:00
19:00
13:30
14:30
Express payment
Day 0 15:00
Day 0 16:00
Day 0
Day 0
Manual cancellation
Day -1 14.00
Day -1 16.00
-
-
Salary and pension payment
To an account outside Nordea Bank Latvia Urgent payments
Cancellation All payment types
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7.16 Cut-off times and currency rules, Nordea Bank Latvia, International payments Note: CET +1 hour applies in Latvia. Local payment types
Currency
Payment type MIG
Nordea Payment – if beneficiary’s bank account is with Nordea
DKK, EUR, GBP, , NOK, PLN, SEK, SGD, USD USD, EUR to EU USD
Nordea Payment
Ordinary international payments – if beneficiary’s bank account is not with Nordea
Corporate eGateway cut-off time (CET) Day 0 18:00
Local cut-off time (CET)
Debit account
Day 0 19:00
Day 0
Available to beneficiary/ correspondent bank Day +1
Day 0 18:00
Day 0 19:00
Day 0
Day +1
18:00
19:00
Urgent payment
Day 0 15.00 14:30
Day 0 16.00 15:30
Day 0
Day +1
Same day value (express payment)
13:00
14:00
Day 0
Day 0
Intercompany Payment
10:00 12:00 6:30 Day 0 15.00
11:00 13:00 7:30 Day 0 16.00
Day 0
Day 0
DKK, GBP, NOK, EUR, PLN, SEK,
Intercompany Payment
Day 0 14:30
Day 0 15:30
Day 0
Day 0
All currencies
Manual cancellation
Day -1 14.00
Day -1 16.00
-
-
Ordinary Payment
Other currencies Express payment
Same day value payment
Intercompany Payment within Nordea
USD DKK, GBP, NOK, PLN, SEK, EUR EUR, USD, DKK NOK, GBP, SEK, PLN RUB USD
Day +2
Cancellation All payment types
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7.17 Cut-off times, Nordea Bank Lithuania, Domestic payment Note: CET +1 hour applies in Lithuania. Local payment types
Payment type MIG
Corporate eGateway cut-off time (CET)
Local cut-off time (CET)
Debit account
Available to beneficiary bank
Payment to an account in Nordea Bank Lithuania Payment to an account outside Nordea Bank Lithuania
Payment to account
Day 0 17:00 Day 0 14:00
Day 0 18:00 Day 0 15:00
Day 0
Day 0
Day 0
Day 0
SEPA payments
Payment to account Salary payment
Day 0 17:00 Day 0
Day 0 18:00 Day 0
Day 0
Day 1 *
To an account in Nordea Bank Lithuania
17:00
18:00
Day 0
Day 0
To an account outside Nordea Bank Lithuania
14:00
15:00
Day 0
Day 0
Day -1 14.00
Day -1 16.00
-
-
Salary payments
Cancellation All payment types
Manual cancellation
* Note: For domestic payment it is recommended to use Payment to account which will give same day value. (SEPA payments D+1)
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7.18 Cut-off times and currency rules, Nordea Bank Lithuania, International payment Note: CET +1 hour applies in Lithuania. Local payment types
Currency
Payment type MIG
Nordea Payment – if beneficiary’s bank account is with Nordea (with currency exchange) Ordinary international payments – if beneficiary’s bank account is not with Nordea (with currency exchange)
EUR, USD DKK, GBP, NOK, PLN, SEK, EUR
Ordinary payment
Express payment
AUD GBP, NOK, SEK, , USD, CAD, CHF, CZK, DKK, HKD, JPY, PLN, SGD, , BGN, HUF, KWD, , RON, , HRK, KWD, RUB, INR All currencies
Same day value payment
All currencies
Intercompany Payment within Nordea
EUR, USDDKK, GBP, NOK, PLN, SEK
Ordinary payment
Urgent payment Same day value (express payment) Intercompany Payment
Corporate eGateway cut-off time (CET) Day 0 13.00
Local cut-off time (CET)
Debit account
Day 0 14.00
Day 0
Available to beneficiary/ correspondent bank Day +1
Day 0 13.00
Day 0 14.00
Day 0
Day +1
Day 0 13.00
Day 0 14.00
Day 0 13.00 14:00
Day 0 14.00 15:00
Day 0
Day +1
Day 0
Day 0
Day 0 13:00
Day 0 14:00
Day 0
Day 0
Day 0 13:00
Day 0 14:00
Day 0
Day 0
Day -1 4 14.00
Day -1 4 16.00
-
-
Day +2
Cancellation All payment types
4
All currencies
Manual cancellation
Nordea will perform all manually ordered cancellations on a best effort basis. For further information, please contact your local cash management adviser.
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7.19 Cut-off times, Nordea Bank USA and Canada Note: CET - 6 hours applies in USA / New York. Local payment types
Payment type MIG
Nordea Bank USA ACH file processing (only USD) Canada: Nordea Bank USA ACH file processing (only CAD) Outsourced check file processing (USA and CAD) Domestic wire payment (US)
Domestic ACH payment Domestic ACH payment Domestic check payment Domestic wire payment Domestic wire payment International wire payment International wire payment International intercompany payment
Domestic wire payment (CA) International wire payment (US) International wire payment (CA) International Intercompany payment (US and CA)
Corporate eGateway cut-off time (CET) Day 0 19.00 Day 0 17.00 Day 0 19.00 Day 0 20.00 Day 0 16.00 Day 0 20.00 Day 0 16.00 Day 0 14.00
Local cut-off time (CET)
Debit account
Day 0 20.00 Day 0 18.00 Day 0 20.00 Day 0 21.00 Day 0 17.00 Day 0 21.00 Day 0 17.00 Day 0 15.00
Day +1
Available to beneficiary/ correspondent bank Day +1
Day +1
Day +1
Debited when cashed Day 0
Printed and mailed on Day +1 Day 0
Day 0
Day 0
Day 0
Day+2
Day 0
Day+2
Day 0
Day 0
Day 0 18.00
Day 0 20.00
-
-
Cancellation All payment types
Manual cancellation
7.20 Cut-off times, OJSC Nordea Bank, Russia, Domestic payment Note: CET +2 hour applies in Moscow and Saint-Petersburg. Local payment types
Payment type MIG
Local cut-off time (CET)
Debit account
Available to beneficiary bank
Payment to account Payment to account
Corporate eGateway cut-off time (CET) Day 0 12.00 Day 0 12.00
Domestic payment to account (Roubles or foreign currency) Salary payment
Day 0 13.00 Day 0 13.00
Day 0
Day 0 5
Day 0
Day 0 11
Manual cancellation
Day -1 14.00
Day -1 16.00
-
-
Cancellation All payment types
5
The information about the payment is available to the beneficiary bank: Day 0 – if the beneficiary bank is a participant of an electronic settlement system and is situated in the same city as the branch of OJSC Nordea Bank, Russia which executes transfering funds Day +1 – if the beneficiary bank is a participant of an electronic settlement system and is not situated in the same city as the branch of OJSC Nordea Bank, Russia which executes transfering funds Day +X – if beneficiary bank is not a participant of an electronic settlement system, where X is the number of days necessary for delivering the payment document to the beneficiary bank by post or by telegraph
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7.21 Cut-off times and currency rules, OJSC Nordea Bank, Russia, International payment Note: CET +2 hour applies in Moscow and Saint-Petersburg. Local payment types
Currency
Payment type PAYMUL
Corporate eGateway cut-off time (CET) Day 0 12.00 Day 0 12.00
Local cut-off time (CET)
Debit account
Day 0 13.00 Day 0 13.00
Day 0
Available to beneficiary/ correspondent bank Day 0
Ordinary International payment
All currencies 6
Ordinary payment
International payment to accounts opened with the banks of Nordea Group (Nordea payment) Nordea Intercompany payment
All currencies 12
Ordinary payment
Day 0
Day 0
All currencies
Intercompany payment
Day 0 12.00
Day 0 13.00
Day 0
Day 0
All currencies 12
Manual cancellation
Day -1 14.00
Day -1 16.00
-
-
Cancellation All payment types
8
Cut-off times Direct Debit
Cut-off times for interchange between the Customer, the Message Centre at Nordea and Nordea Companies. Please see Cut-off Time definition forDirect Debit.
8.1 Cut-off times for Direct Debit, Nordea Bank Sweden Direct debit instructions effected by Nordea Bank Sweden Bankgiro (BGC) - Autogiro 7
Message type DIRDEB pain.007 pain.008 - Autogiro
Corporate eGateway Cut-off time (CET) Day –1 15.00
Local Cut-off time (CET)
Debit Debtor’s account
Available to Creditor’s account
Day –1 16.00
Day 0
Day 0
DIRDEB camt.055
Day –1 15.00
Day –1 17.00
-
-
Cancellation Bankgiro (BGC) - Autogiro (All payment types)
6
All currencies, except for currencies with limited convertibility implied by respective national authorities, for example CNY (Chinese Yuan), ARS (Argentine Peso) and BRL (Brasilian Real), etc. 7 Direct Debit transactions will be accepted and executed by BGC up to five days after Payment day.
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8.2 Cut-off times for Direct Debit, Nordea Bank Norway
Nets - Avtalegiro option A 8
Message type DIRDEB pain.008 - Avtalegiro
Nets - Avtalegiro option B 9
- Avtalegiro
Direct debit instructions effected by Nordea Bank Norway
Corporate eGateway cut-off time (CET) Day (see option) 13.00 Day (see option) 13.00
Local cut-off time (CET)
Debit Debtor’s account
Available to Creditor’s account
Day (see option) 14.00 Day (see option) 14.00
Day 0
Day 0
Day 0
Day 0
Day –1 13.00
Day –1 14.00
-
-
Cancellation Nets - Avtalegiro
DIRDEB camt.055
(All payment types)
8
Option A: Creditor sends information (notice or invoice) through his bank: Before 13.00 the last business day of the month. All collections that have payment day from the 15 in the following month and including the 14 the month after, must be sent within this time limit. 9 Option B: Creditor sends information himself: Before 13.00 nine calendar days before Payment date. The nine calendar days are counted from the cut-off on the business day the Direct Debit orders will be processed.
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8.3 Cut-off times for DIRDEB, Nordea Bank Denmark
Nets – BetalingsService
Message type DIRDEB pain.008 BS
Nets – LeverandørService
LS
Direct debit instructions effected by Nordea Bank Denmark
Corporate eGateway cut-off time (CET) Day 10 08.00 Day -1 15.30
Local cut-off time (CET)
Debit Debtor’s account
Available to Creditor’s account
Day 09.00 Day -1 16.30
Day 0
Day 0
Day 0
Day 0
Day -1 07.00
Day -1 09.00
-
-
Day -1 14.30
Day -1 16.30
-
-
Cancellation Nets - BetalingsService
DIRDEB (or manual cancellation) camt.055
Nets – LeverandørService
DIRDEB camt.055
9
Cut-off times for status reports (EDIFACT BANSTA or XML pain.002)
9.1 Cut-off times for status reports for payments & direct debits (file delivery day) for all Nordea Companies This BANSTA/XML pain.002 (status report) reflects the response that the customer receives on delivery day in return for PAYMUL/XML pain.001 or pain.008 Message. BANSTA/XML pain.002 messages delivered by Corporate eGateway - according to chapters 2.6, 2.7, and 2.8 in the Functional Specification for payments - are normally sent within ½ hour from the arrival of the PAYMUL/XML pain Messages. Status reports (BANSTA or pain.002) Messages delivered by the executing countries are sent according to the table below. No status reports (BANSTA/pain.002) Messages are available from Nordea Bank USA; hence all available validations are done in Corporate eGateway. Message type Status reports for payments Domestic and International Payments
Corporate eGateway cut-off time Day 0 + 2 hours
Reflecting day of sent PAYMUL Message Day 0
Nordea Bank Estonia
Domestic Payments
N/A
N/A
Nordea Bank Finland
Domestic Payments
Day 0 + 2 hours
Day 0
Nordea Bank Germany
Domestic Payments
N/A
N/A
Nordea Bank Great Britain
Domestic Payments
N/A
N/A
From the Message Centre to customer Nordea Bank Denmark
10
Comments
For Denmark the status report Message is normally sent within one hour after the arrival of the PAYMUL Messages. Status reports for domestic payments in Estonia are only sent on Payment day. For Finland the status report Message is normally sent within one hour of the arrival of the payment Messages Status reports for domestic payments in Germany are only sent on Payment day. Status reports for domestic payments in Great Britain are sent continuously from
Six Danish business days prior to the first day of the coming month (for debit/payment day the next month). Direct Debit transactions are not rejected by Corporate eGateway until three Business Days before the first day of the coming month. However, for transactions received by Corporate eGateway/Nets in the period between the cut-off time stated in the table above and the time limit three days before the first day of the coming month, Nets will charge additional transaction costs.
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Nordea Bank Latvia
Domestic Payments
N/A
N/A
Nordea Bank Lithuania
Domestic Payments
N/A
N/A
Nordea Bank Norway
Domestic and International Payments
Day 0 + 2 hours
Day 0
OJSC Nordea Bank, Russia
N/A
N/A
Nordea Bank Sweden - PlusGiro
Domestic and International Payments Domestic Payments
Day 0 + 2 hours
Day 0
Nordea Bank Sweden - BGC
Domestic Payments
Day 0
Day 0
All Nordea Companies except Denmark, Norway and Russia
International Payments
N/A
N/A
reception until (and including) Payment day. Status reports for domestic payments in Latvia are only sent on Payment day. Status reports for domestic payments in Lithuania are only sent on Payment day. For Norway the status report Message is normally sent within one hour of the arrival of the payment Messages. Status reports for all payment types in Russia are only sent on Payment day. For PlusGiro - Sweden the status report Message is normally sent within one hour of the arrival of the payment Messages. For Sweden the status report Message is sent between 20.00 and 23.00 on the day of the arrival of the payment Message. Status reports for international payments are normally sent within one hour of the arrival of the payment Message.
9.2 Cut-off times status reports for Direct Debit and authorisations (file delivery day) for all Nordea Companies This status report or authorisation sent by either Corporate eGateway or the local ACH, reflects the response that the Customer receives on the day of delivery in return for a Direct Debit and/or authorisations Message. Message type BANSTA for DIRDEBor AUTHOR (1) pain.002 for pain.008 pain.012 for pain.009 or pain.011 Direct debits
Corporate eGateway cut-off time
Reflecting day of sent DIRDEB or AUTHOR (1) Message or pain.008 pain.009 pain.011
Day 0 + 1 hour
Day 0
Acknowledgement Message
Day 0 + 1 hour
Day 0
BANSTA, AUTHOR, pain.002 or pain.012 from Message Centre 12
Nets Denmark
Direct debits
Day 0 + 2 hours
Day 0
Nets Denmark 13
N/A
N/A
Nets Norway
Acknowledgement Message Direct debits
N/A
N/A
For Denmark the BANSTA Message is normally sent within one hour of the arrival of the DIRDEB Messages. Depends on debtor’s bank. BANSTA or AUTHOR from Message Centre Only paper based status report possible
BGC Sweden
Direct debits
Day 0
Day 0
BGC Sweden
Acknowledgement Message
N/A
N/A
From the Message Centre to customer 11
All Nordea Companies from the Message Centre Nets Denmark BGC Sweden
Comments
From ACH to Customer
11
For Sweden the BANSTA/pain.002 Message is sent between 20.00 and 23.00 on the day of the arrival of the DIRDEB/pain.008 Message. Depends on debtor’s bank. BANSTA/pain.002 or AUTHOR/pain.012 from Message Centre
Only rejected direct debit instructions will be reported from the Message Centre and/or the ACH. The type of status Message reply for AUTHOR (1)/pain.009/pain.011 Message is dependent on the reason of rejection. 13 Note: AUTHOR (1)/pain.009, pain.011 service can only be used for Denmark and Sweden. 12
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9.3 Cut-off times status report (payment day) for all Nordea Companies This status report (EDIFACT BANSTA or XML pain.002) reflects the response that the customer receives in return for the actual requested payment date regarding a PAYMUL/pain.001 or DIRDEB/pain.008 Message. For some countries the status report is also created if insufficient funds are detected on payment day. No status report Message is available from Nordea Bank USA. Telephone or e-mail will be the means of communication in case of insufficient funds.
Nordea Bank Denmark
Message type BANSTA for PAYMUL or pain.002 for pain.001 Direct debits
Nordea Bank Estonia
Domestic Payments 14
Nordea Bank Finland
- Domestic Payments
Nordea Bank Germany
Domestic Payments 14
Nordea Bank Great Britain
Domestic Payments
Nordea Bank Latvia
Domestic Payments
Nordea Bank Lithuania
Domestic Payments
Nordea Bank Norway
Domestic Payments
Nordea Bank Norway
Direct debit Payments
Day +1 13.00 Day 0 15.00 Day +1 03.00 Day +1 17.00 Day 0 17.00 Day 0 15.00 Day 0 15.00 Day 0 18.00 N/A
OJSC Nordea Bank, Russia
- Domestic Payments 14 - International payments Domestic Payments
Day 0 16.00 N/A
Nordea Bank Sweden - BGC
- Domestic Payments - Direct debit Payments
Day 0 13.00
All Nordea Companies
International Payments
Day 0 12.00
From the Message Centre to Customer
Nordea Bank Sweden - PlusGiro
14
Corporate eGateway cut-off time (CET)
Reflecting requested payment date
Day 0
Day 0
Day 0 Day 0 Day 0 Day 0 Day 0 Day 0 Day 0 Only paper based status report possible
Only paper based status report possible from PlusGiro Day 0 Domestic Payments - For insufficient funds, only paper based status report possible from Bankgiro Day 0
Status reports for German, and Russian domestic payments is always sent on payment day and will include only rejected payments.
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9.4 Cut-off times AUTHOR (2)/pain.012 for all Nordea companies The AUTHOR (2)/pain.012 Message is sent to the customer whenever any changes occur or information is made available by the local ACH. From the Message Centre to Customer
Message type AUTHOR (2)/pain.012
Corporate eGateway cut-off time (CET)
Nets Denmark
Acknowledgement Message
Nets Norway
Acknowledgement Message
BGC Sweden
Acknowledgement Message
Day +1 15 06.00 Day +1 18.00 Day 0 16 17.00
15
In response to a registered acknowledgement from Debtor’s Bank Day 0 Day 0 Day 0 12.00
Delivery on Day +1 requires that the AUTHOR (2)/pain.012 Message be delivered on a daily basis. BGC (e.g. Nordea) will deliver the AUTHOR (2)/pain.012 Message the very same day as debtor’s bank registers and acknowledges the mandate request from creditor/BGC. 16
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10 Cut off times for EDIFACT messages CONTRL, CREMUL, DEBMUL and FINSTA or XML messages pain.002, camt.054 and camt.053 10.1 Cut-off times CONTRL/pain.002 From the Message Centre to Customer
Corporate eGateway cut-off time
Reflects day of sent EDIFACT/XML Message
Nordea’s Message Centre
Day 0 + 0.30 hours
Day 0
Day 0 + 1.00
Day 0
From the Customer to Message Centre Customer
Comments
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10.2 Cut-off times CREMUL/camt.054 for all Nordea Companies The credit advice/notification Message is sent to the customer whenever information is made available from the local Nordea Companies, or ACH. The cut-off times listed below indicates the latest expected delivery time. From the Message Centre to Customer
Message type CREMUL/camt.054
Corporate eGateway cut-off time (CET)
Reflects Nordea Company’s Booking Day
Nordea Bank Denmark
- Domestic Payments - Transfer form (FIK) - Domestic Payments - Bank transfer from other banks - Bank transfer within Nordea 17
Day 0 8.00 Day 0 08.00 Day 0 17.00 Day 0 17.00 18 Day 0 07.00 Day 0 20.00 19 Day +1 03.00 N/A N/A Day 0 20.00 Day 0 20.00 Day 0 19.00 Day +1 00.30 Day 0 19.00 Day +1 00.30 N/A 18.00 18.00 Day 0 23.00
Day 0
All Swedish domestic payments Option 1: Deliveries during the day
Day 0 15.00; 18.15 & 23.15
Day 0
All Swedish domestic payments Option 2: Delivery the following day
Day +1 07.00
Day 0
- International Payments
Nets – Denmark
Direct debit
Nordea Bank Estonia
- Domestic Payments - International Payments - Domestic Payments and International Payments Domestic & International Payments Domestic & International Payments - Domestic Payments - International Payments - Domestic Payments - International Payments - Domestic Payments - from Nets - within Nordea Norway
Nordea Bank Finland Nordea Bank Germany Nordea Bank Great Britain Nordea Bank Latvia Nordea Bank Lithuania Nordea Bank Norway
- Direct debit - International Payments
OJSC Nordea Bank, Russia Nordea Bank Sweden (BGC) Nordea Bank Sweden (PlusGiro) Nordea Bank Sweden - Total IN (Plusgiro) Nordea Bank Sweden – Total IN (Plusgiro)
Domestic & International Payments - Direct debit - BG-Inbetalnings Service - International Payments
Day 0 Day 0 Day 0 N/A N/A Day 0 Day 0 Day 0
N/A Day 0 Day 0
10.3 Cut-off times DEBMUL/camt.054 for all Nordea Companies The debit advice/notification Message is sent to the Customer whenever information is made available from the local Nordea Companies, or ACH. From the Message Centre to Customer
Message type DEBMUL/camt.054
Corporate eGateway cut-off time (CET)
Reflects Nordea Company’s Booking Day
Nordea Bank Denmark
Domestic & International Payments
Day +1 06.00
Day 0
17
Bank transfers within Nordea Denmark are booked one day prior to bank transfers from other banks, CREMUL on payments received at Nordea Denmark after 16:00 day 0 will not be delievered until day +1, 06:00. 18 Credit advices/notifications received at Nordea Denmark after 16:.00 day 0 will not be delivered until day +1, 06.00. 19 Credits made to the account later than 18:00 local time will not be reported in a CREMUL until day +1, 08:00 local time.
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Nets – Denmark
Direct debit Payments
Nordea Bank Estonia
Domestic & International Payments
Nordea Bank Finland
Domestic & International Payments
Nordea Bank Germany Nordea Bank Great Britain Nordea Bank Latvia
Domestic & International Payments Domestic & International Payments Domestic & International Payments
Nordea Bank Lithuania
Domestic & International Payments
Day 0 18.00
Nordea Bank Norway
- Domestic Payments
- Domestic Payments
Day 0 18.30 Day 0 18.00 N/A Day +1 01.00 Day 0 22.00
- Direct Debit (Re-funds)
18.00
- Domestic Payments
Day +1 07.00 Day +1 01.00
- International Payments
OJSC Nordea Bank, Russia Nordea Bank Sweden
Domestic & International Payments International Payments
Nordea Bank Sweden (BGC)
Nordea Bank Sweden (PlusGiro)
- International Payments
Day 0 19.00 Day 0 18.00 Day +1 03.00 N/A N/A Day 0 18.00
Day 0 Day 0 Information sent approx. five times each day Day 0 N/A N/A Day 0 Information sent twice each day Day 0 Information sent three times each day Day 0 Day 0 N/A Day 0 Day 0
Day 0 Day 0
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10.4 Cut-off times account statement for all Nordea Companies The FINSTA (EDIFACT) or camt.053 (XML) Message is sent to the Customer whenever information is made available from the local Nordea Companies. If the Customer uses matched debit transactions within the account statement, a dependency also exists towards any local ACH. From the Message Centre to Customer
Message type FINSTA/camt.053
Corporate eGateway cut-off time (CET)
Nordea Bank Denmark
Account Statement
Nordea Bank Estonia
Account Statement
Nordea Bank Finland
Account Statement
Nordea Bank Germany
Account Statement
Nordea Bank Great Britain
Account Statement
Nordea Bank Latvia
Account Statement
Nordea Bank Lithuania
Account Statement
Nordea Bank Norway
Account Statement
Nordea Bank USA (Canada)
Account Statement
OJSC Nordea Bank, Russia
Account Statement
Day +1 04.00 Day +1 07.00 Day +1 03.00 Day +1 07:00 Day +1 07.00 Day +1 07.00 Day +1 07.00 Day +1 05.30 Day + 1 07.00 Day +1 09:00
Nordea Bank Sweden
Account Statement
Nordea Bank Sweden (PlusGiro)
Account Statement
Day 0 23.00 Day +1 01.00
Reflects Nordea Company’s Booking Day Day 0
Comments
Day 0 Day 0 Day 0 Day 0 Day 0 Day 0 Day 0 Day 0 Day 0
Day 0 Day 0
In the Saint-Petersburg branch of OJSC Nordea Bank, Russia cut-off time for the accounts with overdraft facility is Day+1 10.00 (CET)
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11 Bank holidays for all Nordea Companies The tables below show which bank holidays apply for Nordea Companies. These must be observed regarding the cut-off times etc. when sending Messages to the Message Centre on reduced working days at the Nordea Companies. Please note that the tables below may not be complete. For further information concerning exact dates for each year, please see Nordea’s homepage: www.nordea.com, or contact your local cash management adviser or Corporate eGateway Customer Support in Gothenburg.
11.1 Bank holidays in Nordea Bank Denmark Banks in Denmark are closed every Saturday and Sunday as well as on the following public holidays: Bank holidays Denmark Date /Variable date Specification 1 January New Year’s Day Variable Maundy Thursday Variable Good Friday Variable Easter Monday Variable Prayer Day (Store Bededag) (fourth Friday after Easter) Variable Ascension Day Variable Friday after Ascension Day 5 June Constitution day Variable Whit Monday 24 December Christmas Eve 25 December Christmas Day 26 December Boxing Day 31 December New Year’s Eve Days with reduced working hours Closing time N/A N/A N/A
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11.2 Bank holidays in Nordea Bank Estonia Estonian banks are closed every Saturday and Sunday. Other bank holidays in Estonia are as follows: Bank holidays Estonia Date / Variable date Specification 1 January New Year’s Day 24 February Independence Day Variable Good Friday 1 May Spring Bank Holiday 23 June Victory Day 24 June St. John’s Day 20 August Restoration of Independence 24 December Christmas Eve 25 December Christmas Day 26 December St. Stephen’s Day Days with reduced working hours Closing time N/A N/A N/A
11.3 Bank holidays in Nordea Bank Finland Banks in Finland are closed on Saturdays and Sundays and on the following public holidays: Bank holidays Finland Date /Variable date Specification 1 January New Year’s Day 6 January Epiphany Variable Good Friday Variable Easter Monday 1 May May Day Variable Ascension Day Variable Midsummer Eve 6 December Independence Day 24 December Christmas Eve 25 December Christmas Day 26 December Boxing Day Days with reduced working hours Variable Maundy Thursday 31 December New Year’s Eve
20
Closing time 13.00 20 13.00 20
Usual cut-off applies to domestic payments opposite to international payments which, must be sent to the Message Centre before 08.00 CET (local cut-off at 09.00 CET).
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11.4 Bank holidays in Nordea Bank Germany Banks in Germany are closed on Saturdays and Sundays. Other public bank holidays in Germany are as follows: Bank holidays Germany Date /Variable date Specification 21 1 January New Year’s Day Variable Good Friday Variable Easter Monday Variable (May) Ascension Day Variable Whit Sunday Variable Corpus Christi 3 Oct Constitution Day 25 December 21 Christmas Day 21 26 December Boxing Day Days with reduced working hours N/A N/A
Closing time N/A
11.5 Bank holidays in Nordea Bank Great Britain Banks in Great Britain are closed on Saturdays and Sundays. Other public bank holidays in Great Britain is as follows: Bank holidays Great Britain Date /Variable date Specification 1 January 21 New Year’s Day Variable Good Friday Variable Easter Monday 22 Variable (May) May Day Variable 21 Whit Sunday 21 Variable (August) August bank holiday 25 December 21 Christmas Day 21 26 December Boxing Day Days with reduced working hours N/A N/A
21 22
If these dates fall on a weekend the next working day(s) will be a bank holiday. Bank holiday will always fall on a Monday.
Closing time N/A
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11.6 Bank holidays in Nordea Bank Latvia Latvian banks are closed for business on Saturday and Sunday. Other banking holidays in Latvia are: Bank holidays Latvia Date / Variable date Specification 1 January New Year’s Day Variable Good Friday Variable Easter Monday 1 May Labour Day 4 May Independence day 23 June Midsummer Eve 24 June St. John’s Day (Midsummer Day) 18 November Proclamation of Republic of Latvia Day 24 December Christmas Eve 25 December Christmas Day 26 December Boxing Day 31 December New Year’s Eve Days with reduced working hours Closing time The working day before a national holiday is an hour shorter than usual. 23 See above See above See above
11.7 Bank holidays in Nordea Bank Lithuania Lithuanian banks are closed for business on Saturday and Sunday. Other banking holidays in Lithuania are: Bank holidays in Lithuania Date / Variable date Specification 1 January New Year's Day 16 February Lithuanian Statehood Restoration Day 11 March Lithuanian Independence Restoration Day Variable Easter Monday 1 May International Labour Day 24 June Midsummer Day 6 July State Day (Crowning of Lithuanian King Mindaugas) 15 August Assumption of the Blessed Virgin Mary 1 November All Saints Day 24 December Christmas Eve 25 December Christmas Day 26 December Christmas Day Days with reduced working hours The working day before the national holidays is one hour shorter than usual. 23
Note: If there is a bank holiday in Finland, no cross-border payments will be forwarded on that day to the Baltic 23
The reduced working hours don’t affect the usual cut-off times.
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11.8 Bank holidays in Nordea Bank USA US banks are closed for business on Saturday and Sunday. Other banking holidays are: Bank holidays in USA Date / Variable date 1 January 3rd Monday in January 3rd Monday in February 26 May 4 July 1 September 13 October 11 November 27 November 25 December
Specification New Year's Day Martin Luther King Day President’s day Memorial Day Independence Day Labour Day Columbus Day Veterans Day Thanksgiving Day Christmas Day
11.9 Bank holidays in Nordea Bank Norway Norwegian banks are closed every Saturday and Sunday. Other bank holidays in Norway are as follows: Bank holidays Norway Date / Variable date Specification 1 January New Year’s Day Variable Maundy Thursday Variable Good Friday Variable Easter Monday 1 May Labour Day Variable Ascension Day 17 May Constitution Day, Norway Variable Pentecost Monday 24 December Christmas Eve 25 December Christmas Day 26 December Boxing Day Days with reduced working hours Closing time Variable Day before Maundy Thursday 13.00 24
31 December
24
New Year’s eve
13.00 25
Cut-off for domestic payments at 11:00 CET (local cut-off at 13:00 CET) and for international payments at 08:00 CET (local cut-off at 09:00 CET). 25 Cut-off for domestic payments as ordinary opening hours. International payments: Urgent pmts USD,CAD,GBP,EUR & NOK: 12.00 CET. Urgent pmts CZK and PLN: 10.00 CET. Urgent pmts other currencies: 08.00 CET. Ordinary pmts: 11.30 CET.
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11.10
Bank holidays in OJSC Nordea Bank, Russia
Russian banks are closed for business on Saturday and Sunday. Other banking holidays in Russia are: Bank holidays in Russia Date Specification 1, 2, 3, 4 and 5 January New Year's Day 7 January Christmas 23 February Defender of the Motherland Day 8 March International Women’s Day 1 May Spring and Labour Day 9 May Victory Day 12 June Russia’s Day 4 November Nation’s Unity Day Days with reduced working hours The last preceding working day before the national holidays is one hour shorter than usual.26
26
The reduced working hours don’t affect the usual cut-off times.
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11.11
Bank holidays in Nordea Bank Sweden
Swedish banks are closed every Saturday and Sunday. Other bank holidays in Sweden are as follows: Bank holidays Sweden Date / Variable date Specification 1 January New Year’s Day 6 January Epiphany Variable Good Friday Variable Easter Monday 1 May Labour Day Variable (May) Ascension Day 6 June Constitution Day Variable (June) Midsummer Eve 24 December Christmas Eve 25 December Christmas Day 26 December Boxing Day 31 December New Year’s Eve Days with reduced working hours 27 5 January Day before January 6 Variable Day before Good Friday 30 April Eve of Labour Day Variable (May) Eve of Ascension Day Variable (always a Eve of All Saints´ Day Friday)
27
The reduced working hours don’t affect the usual cut-off times.
Closing time 13.00 13.00 13.00 13.00 13.00
