The following table details the cut-off times in CET by currency. This is the time by which a payment needs to be successfully initiated for same-day execution.
If initiated before cut-off, funds will be debited from your account with same day value. Same-day execution may not be met for payments held up for any compliance, lack of funds or other internal policy reasons.
1Certain currencies may be forwarded to our correspondents with value date D+1 though best efforts will be made to forward on the same day.
Please speak to your Relationship Manager to discuss cut-offs for payments submitted by bulk file upload or via API.
Incoming and internal payment processing stops at 17:45 CET.
Payments with foreign currency conversion:
For payments that involve a foreign currency conversion, funds will be forwarded to our correspondent banks on D+1, when the FX trade has settled. This does not apply to the following currency pairs, where same day FX settlement is offered: EUR/USD, EUR/DKK, USD/DKK, GBP/USD, EUR/GBP and GBP/DKK.
The Currency Category is used as a reference point for FX pricing in your Client Agreement. This has no bearing on like for like payments.
|Currency||Cut-off (CET)||Currency category|
|EUR – SEPA||13:15||1|
|NOK – Cross Border||11:30||2|
|NOK – Local||14:00||2|