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Document Title Cut-off times list 2015-05-18 Date
Version 3.8 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
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 26
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
9.1 Cut-off times for status reports for payments & direct debits (file delivery day) for all
Nordea Companies 28
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9.2 Cut-off times status reports for Direct Debit and authorisations (file delivery day) for all
Nordea Companies 29
9.3 Cut-off times status report (payment day) for all Nordea Companies 30
9.4 Cut-off times AUTHOR (2)/pain.012 for all Nordea companies 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 Cut-off times list 2015-05-18 Date
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Version change history
Version 3.4 2013-05-13 Chapter 7.5 (DK): Cut-off Easy Account (NemKonto)
Version 3.4 2013-05-13 Chapter 7.11 (U.K): Cut-off Faster payment added
Version 3.5 2013-11-25 Chapter 11.9 (NO): New Years Eve added under days with
reduced working hours, and belonging foot note.
Chapter 7.24 and 7.25 removed (Partner bank Belgium and
France)
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 Chapter 7.5 (DK):
Payment type Payment to account renamed to Standard credit
transfer.
Added payment type Same-day credit transfer.
Version 3.8 2015-05-18 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
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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 = The Business Day prior to the Payment day
Day 0 = The Payment day
Day +1 = 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
Corporate eGateway cut-off time (CET)
Local cut-off time (CET)
Debit account
Available to beneficiary bank
Bankgiro (LB-service) All Payment types Day -1 18.00
Day -1 19.00
Day 0 Day 0
Bankgiro (LB-Lön/Salary) Salary payment Day -2
18.00
Day -2
19.00
Day -1 Day 0
PlusGiro (Girodirekt-service) Reference payment to a PlusGiro no.
Day 0 16.00
Day 0 17.00
Day 0 Day 0
PlusGiro (Girodirekt-service) Non-reference
payment to a
PlusGiro no.
Day 0
16.00
Day 0
17.00
Day 0 Day 0
PlusGiro (Girodirekt-service) Payment to a non PlusGiro
account (other
bank)
Day0 11.00
Day 0 12.00
Day 0 Day 0
PlusGiro (Girodirekt-service) Salary and
Pension
payment
Day -1
23.00 Day -1
24.00 Day 0 Day +1
PlusGiro to Bankgiro All payments from PlusGiro
to a Bankgiro
no.
Day 0 08.45
Day 0 09.45
Day 0 Day 0
Koncernintern betalning Intercompany payment Day 0 14:00
Day 0 14:00
Day 0 Day 0
Samma dags valutering Same-day-value
payment
Day 0
09:00< SEK 500.000
14:00>=SEK 500.000
Day 0
10:00< SEK 500.000
15:00>=SEK 500.000
Day 0 Day 0
Finansiell betalning Financial payment Day 0
09:00< SEK 500.000
14:00>=SEK 500.000
Day 0
10:00< SEK 500.000
15:00>=SEK 500.000
Day 0 Day 0
Cancellation
Bankgiro – All payment types Manual cancellation Day -1
15.00
Day -1
19.00
- -
PlusGiro – All payment types Manual cancellation Day -1
14.00
Day -1
17.00
- -
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7.2 Cut-off times and currency rules, Nordea Bank Sweden, International payments
Local payment types Currency Payment type MIG
Corporate eGateway cut-off time (CET)
Local cut-off time (CET)
Debit account
Available to beneficiary/ correspondent bank
Nordea Payment – if beneficiary’s
bank account is with Nordea
DKK, EUR, GBP,
NOK, PLN, SEK, SGD
Ordinary payment Day 0
14.00
Day 0
15.00
Day 0 Day +1
Ordinary international payment – if beneficiary’s bank account is
not with Nordea
EUR for European
Economic Area
(EEA-countries)
Other currencies
Ordinary payment Day 0 14.00
Day 0 14.00
Day 0 15.00
Day 0 15.00
Day 0
Day 0
Day +1
Day +2
EU payment EUR, SEK Ordinary payment 13.00 14.00 Day 0 Day +2
Express payment 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
Express payment 13.00 14.00 Day 0 Day +1
Intercompany Payment
within Nordea
DKK, GBP, NOK,
PLN, SEK
EUR, USD
SGD
Intercompany
payment
Day 0
14.30
Day 0
15.00
Day -1
14.30
Day 0
15.30
Day 0
16.00
Day -1
15.30
Day 0
Day 0
Day 0
Day 0
Day 0
Day 0
1.
Intercompany payment – if beneficiary’s bank account is not
with Nordea (must be agreed with
beneficiary’s bank)
2. Same day value payment
3. Financial payment
HUF, PLN, TRY
CZK
DKK
NOK
CAD, GBP, SEK
EUR, USD,
AED, AUD, HKD,
HRK, ILS, ISK, KWD,
NZD, RON, RUB,
SAR, SGD, ZAR
CHF, JPY, MXN
Other currencies
1.
Intercompany payment
2. Same day value
3. Financial payment
Day 0 07.00
Day 0 09.00
Day 0
12.30
Day 0
14.00
Day 0
14.30
Day 0
15.00
Day -1
14.30
Day -1 14.30
Day 0 14.00
Day 0 08.00
Day 0 10.00
Day 0
13.30
Day 0
15.00
Day 0
15.30
Day 0
16.00
Day -1
15.30
Day -1 15.30
Day 0 15.00
Day 0
Day 0
Day 0
Day 0
Day 0
Day 0
Day 0
Day 0
Day +2
Day 0
Day 0
Day 0
Day 0
Day 0
Day 0
Day 0
Day 0
Day +2
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
15.00
Day 0 When cashed
Cancellation
All payment types
All currencies Manual
cancellation
Day -1
14.00
Day -1
16.00
- -
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7.3 Cut-off times, Nordea Bank Norway, Domestic payments
Local payment types Payment type MIG
Corporate eGateway cut-off time (CET)
Local cut-off time (CET)
Debit account
Available to beneficiary bank
Domestic payments - Payment to account
- Salary payment
- Pension payment - Payment to money order
(payment advice)
Afternoon
settlement
Day 0 11.00
End settlement
Day 0
13.00
Afternoon
settlement
Day 0 12.00
End settlement
Day 0
14.00
Day 0 Day 0
Intercompany payments Intercompany payment
(domestic SWIFT)
Day 0
14.30
Day 0
15.30
Day 0
Day 0
SDV payments Same-day-value payment
(domestic SWIFT)
Day 0
14:00
Day 0
15:00
Day 0 Day 0
Financial payments Financial payment
(domestic SWIFT)
Day 0
14:00
Day 0
15:00
Day 0 Day 0
Cancellation
All payment types
Manual cancellation Day -1
14.00
Day -1
16.30
- -
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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))
Local cut-off time (CET)
Debit account
Available to beneficiary/ correspondent bank
Nordea Payment – if beneficiary’s
bank account is with Nordea
(with currency exchange)
DKK, EUR, GBP,
NOK, PLN, SEK, SGD,
USD
Ordinary payment Day 0
14.00
Day 0
15.00
Day 0 Day +1
Nordea Payment – if beneficiary’s bank account is with Nordea
(without currency exchange)
DKK, EUR, GBP, NOK, PLN, SEK, SGD,
USD
Ordinary payment Day 0 14.00
Day 0 15.00
Day +1 Day +1
Ordinary international payment – if beneficiary’s bank account is
not with Nordea
(with currency exchange)
All currencies Ordinary payment Day 0 14.00
Day 0 15.00
Day 0 Day +2
Ordinary international payment – if beneficiary’s bank account is
not with Nordea
(without currency exchange)
EUR, GBP, NOK, USD Ordinary payment Day 0 14.00
Day 0 15.00
Day +1 Day +1
Ordinary international payment – if beneficiary’s bank account is
not with Nordea
(without currency exchange)
Other currencies than above
Ordinary payment Day 0 14.00
Day 0 15.00
Day +2 Day +2
Intercompany Payment within Nordea
DKK, GBP, NOK, PLN, SEK
EUR, USD
SGD
Intercompany payment
Day 0 14.30
Day 0
15.00
Day -1
14.30
Day 0 15.30
Day 0
16.00
Day -1
15.30
Day 0
Day 0
Day 0
Day 0
Day 0
Day 0
1.
Express payment and Intercompany payment to
beneficiary with account outside
Nordea
2.
Same-day-value payment
3.
Financial payment
USD, EUR
PLN, HUF, TRY
CZK
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
Express payment Day 0
15.00
Day 0
07.00
Day 0 09.00
Day 0
1400
Day 0
12.30
Day 0 14.30
Day -1 14.30
Day -1 13.00
Day 0
14.00
Day 0
16.00
Day 0
08.00
Day 0 10.00
Day 0
15.00
Day 0
13.30
Day 0 15.30
Day -1 15.30
Day -1 14.00
Day 0
15.00
Day 0
Day 0
Day 0
Day 0
Day 0
Day 0
Day 0
Day 0
Day +2
Day 0
Day 0
Day 0
Day 0
Day 0
Day 0
Day 0
Day 0
Day +2
Cheque payment All currencies Payment to money
order (cheque)
Day -1
13.00
Day -1
14.00
Day 0 When cashed
Cancellation
All payment types
All currencies Manual cancellation
Day -1 15.00
Day -1 16.30
- -
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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)
Local cut-off time (CET)
Debit account
Available to beneficiary bank
Payment to account - Standard credit transfer
- Salary payment
- Pension payment
- Same-day credit transfer
- Easy Account"
(NemKonto)
- To own account in
Nordea Denmark
Day 0
16.00
Day 0
10.30
Day -1
16.00
Day 0
16.00
Day 0
17.00
Day 0
11.30
Day -1
17.00
Day 0 17.00
Day0
Day 0
Day 0
Day 0
Day+1
Day 0
Day +1
Day 0
Payment via Giro and transfer form Payment via transfer form Day 0
16.00
Day 0
17.00
Day 0 Day +1
Intercompany payment Intercompany payment Day 0 12.30
Day 0 13.30
Day 0 Day 0
Same-day-value payment within Nordea Same-day-value payment Day 0
14:00
Day 0
15:00
Day 0 Day 0
Same-day-value payment to other banks Same-day-value payment Day 0
12:30
Day 0
13:30
Day 0 Day 0
Financial payment Financial payment Day 0
12:30
Day 0
13:30
Day 0 Day 0
Cheque payment Payment to money order
(cheque)
Day -1
16.00
Day -1
17.00
Day 0 When cashed
Cancellation
All payment types
Manual cancellation Day -1
14.30
Day -1
16.30
- -
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7.6 Cut-off and currency rules, Nordea Bank Denmark, International payments
Local payment types Currency Payment type MIG
Corporate eGateway cut-off time (CET)
Local cut-off time (CET)
Debit account
Available to beneficiary/ correspondent bank
Nordea Payment – if beneficiary’s
bank account is with Nordea
DKK, EUR, GBP,
NOK, PLN, SEK, SGD,
USD
Ordinary payment Day 0
14.00
Day 0
15.00
Day 0 Day +1
Ordinary international payment – if beneficiary’s bank account is
not with Nordea
EUR for European
Economic Area
(EEA-countries)
Other currencies
Ordinary payment Day 0 14.00
Day 0 14.00
Day 0 15.00
Day 0 15.00
Day 0
Day 0
Day +1
Day +2
Intercompany Payment
within Nordea
DKK, GBP, NOK,
PLN, SEK
EUR, USD
SGD
Intercompany
payment
Day 0
14.30
Day 0
15.00
Day -1
14.30
Day 0
15.30
Day 0
16.00
Day -1
15.30
Day 0
Day 0
Day 0
Day 0
Day 0
Day 0
1.
Express payment and
Intercompany payment to beneficiary with account outside
Nordea
2.
Same day value payment
3.
Financial payment
HUF, PLN, TRY
CZK
DKK
NOK
CAD, GBP, SEK
EUR, USD
AED, AUD, HKD, HRK, ILS, ISK, KWD,
NZD, RON, RUB,
SAR, SGD, ZAR
CHF, JPY, MXN
Other currencies
Express payment Day 0
07.00
Day 0
09.00
Day 0
12.30
Day 0
14.00
Day 0
14.30
Day 0
15.00
Day -1
13.00
Day -1 14.30
Day 0 14.00
Day 0
08.00
Day 0
10.00
Day 0
13.30
Day 0
15.00
Day 0
15.30
Day 0
16.00
Day -1
14.00
Day -1 15.30
Day 0 15.00
Day 0
Day 0
Day 0
Day 0
Day 0
Day 0
Day 0
Day 0
Day +2
Day 0
Day 0
Day 0
Day 0
Day 0
Day 0
Day 0
Day 0
Day +2
Payment to money order All currencies Payment to money
order (cheque)
Day 0
12.00
Day 0
13.00
Day 0 When cashed
Cancellation
All payment types. All currencies Manual
cancellation
Day -1
15.00
Day -1
17.00
- -
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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)
Local cut-off time (CET)
Debit account
Available to beneficiary bank
Corporate Payments Service All Payment types Day 0
16.30
Day 0
17.30
Day 0 Day 0 in Nordea
Day +1 other banks
Corporate Payments Service, Salary and
Pension
Salary and Pension
payments
Day -0
16.30
Day -0
17.30
Day -0 Day+1 in all
Finnish banks
Express payment Intercompany payment Day 0 15.00
Day 0 16.00
Day 0
Day 0
Express payment Same-day-value payment Day 0
13:30
Day 0
14:30
Day 0 Day 0
Express payment Financial payment Day 0 13:30
Day 0 14:30
Day 0 Day 0
Cancellation
Domestic payments (CPS).
Please note special rules for cancellation in Finland 1
Manual cancellation Day -1
15.30
Day -1
17.30
- -
Salary and Pension payments.
Please note special rules for cancellation
in Finland 1
Manual cancellation Day -1
15.30
Day -1
17.30
- -
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
Corporate eGateway cut-off time (CET)
Local cut-off time (CET)
Debit account
Available to beneficiary/ correspondent bank
Nordea Payment – if beneficiary’s
bank account is with Nordea
DKK, EUR, USD,
GBP, SEK, NOK, PLN,
RUB SGD
Ordinary payment Day 0
14.00
Day 0
15.00
Day 0 Day +1
Ordinary international payment – if beneficiary’s bank account is
not with Nordea
EUR for European
Economic Area
(EEA-countries)
Other currencies
Ordinary payment Day 0 14.00
Day 0 14.00
Day 0 15.00
Day 0 15.00
Day 0
Day 0
Day +1
Day +2
Express payment AUD, CAD, CHF,
CZK, DKK, EUR, GBP, HKD, ISK, JPY,
NOK, NZD, PLN,
RUB, SEK, SGD, SKK, USD, ZAR
Express payment Day 0
13.00
Day 0
14.00
Day 0 Day +1
Intercompany Payment
within Nordea
DKK, GBP, NOK,
PLN, SEK
EUR, USD
SGD
Intercompany
payment
Day 0
14.30
Day 0
15.00
Day -1
14.30
Day 0
15.30
Day 0
16.00
Day -1
15.30
Day 0
Day 0
Day 0
Day 0
Day 0
Day 0
1. Intercompany payment to
beneficiary with account outside
Nordea
2.
Same-day-value payment
3.
Financial payment
HUF, PLN, RUB, TRY
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
Same-day-value payment
Day 0 07.00
Day 0
09.00
Day 0
12.30
Day 0
14.00
Day 0
14.30
Day 0
15.00
Day -1
13.00
Day -1
14.30
Day 0
14.00
Day 0 08.00
Day 0
10.00
Day 0
13.30
Day 0
15.00
Day 0
15.30
Day 0
16.00
Day -1
14.00
Day -1
15.30
Day 0
15.00
Day 0
Day 0
Day 0
Day 0
Day 0
Day 0
Day 0
Day 0
Day +2
Day 0
Day 0
Day 0
Day 0
Day 0
Day 0
Day 0
Day 0
Day +2
Cheque payment All currencies Payment to money
order (cheque)
When cashed
Cancellation
All payment types
All currencies Manual
cancellation
Day – 1
16.00
Day - 1
17.00
- -
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Reference
7.9 Cut-off times, Nordea Bank Germany, Domestic payments
Local payment types Payment type MIG
Corporate eGateway cut-off time (CET)
Local cut-off time (CET)
Debit account Available to beneficiary bank
Domestic payments Ordinary
payment to
account
Day 0
14.30
Day 0
15.30
Day 0 Day 1
Domestic Express payment Express payment
Day 0 14.30
Day 0 15.30
Day 0 Day 0
Intercompany payment within Nordea
Germany
Intercompany
payment
Day 0
14.30
Day 0
15.30
Day 0 Day 0
Cancellation
All payment types Manual
cancellation 2
Day -1
15.00
Day -1
17.00
- -
2 Nordea Bank Germany will perform all manually ordered cancellations on a best effort basis.
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Reference
7.10 Cut-off times and currency rules, Nordea Bank Germany, International payments
Local payment types Currency Payment type MIG
Corporate eGateway cut-off time (CET)
Local cut-off time (CET)
Debit account
Available to beneficiary/ correspondent bank
Nordea Payment – if beneficiary’s
bank account is with Nordea
(with currency exchange)
EUR, DKK, GBP,
NOK, SEK, USD,
PLN,
Ordinary payment Day 0
12.00
Day 0
13.00
Day 0 Day +2
Ordinary international payments – if beneficiary’s bank account is
not with Nordea
(with currency exchange)
DKK, NOK, SEK, CAD, GBP, USD,
EUR, AED, AUD,
CHF, HKD, HUF, INR, JPY, NZD, RUB, SGD,
SKK, THB, TRY,
ZAR, PLN, CZK
Ordinary payment Day 0 12.00
Day 0 13.00
Day 0 Day +2
Express payment
(with currency exchange)
USD, EUR
DKK, NOK, SEK,
CAD, GBP, AED,
AUD, CHF, HKD, HUF, INR, JPY, NZD,
RUB, SGD, SKK,
THB, TRY, ZAR, PLN, CZK
Express payment
Day 0
12.00
Day 0
12.00
Day 0
13.00
Day 0
13.00
Day 0
Day 0
Day 0
Day +1
Express payment
(without currency exchange)
DKK, NOK, SEK,
CAD, GBP, USD
EUR
CZK
PLN
AED, AUD, CHF,
HKD, HUF, INR, JPY,
NZD, RUB, SGD, SKK,THB, TRY, ZAR
Express payment
Day 0
14.30
Day 0
15.15
Day 0
07.00
Day 0
08.30
Day 0
14.30
Day 0
15.30
Day 0
16.15
Day 0
08.00
Day 0
09.30
Day 0
15.30
Day 0
Day 0
Day 0
Day 0
Day 0
Day 0
Day 0
Day 0
Day 0
Day +1
Intercompany Payment
within Nordea
Intercompany
payment
Day 0
14.30
Day 0
15.30
Day 0 Day 0
Cancellation
All payment types
All currencies Manual
cancellation
Day -1
14.00
Day -1
16.00
- -
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Reference
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
Corporate eGateway cut-off time (CET)
Local cut-off time (CET)
Debit account Available to beneficiary bank
BACS payments (only GBP) BACS payment
to account (low
value)
Day 0
14.00
Day 0
15.00
Day 2 Day 2
Faster payment (only GBP) Faster payment
to account
(real-time/low
value)
Day 0
15.00
Day 0
16.00
Day 0 Day 0
CHAPS payments (only GBP) CHAPS Same
day value
payment (high value)
Day 0
14.00
Day 0
15.00
Day 0 Day 0
Cheque payments (only GBP) Payment to
money order
(cheque)
Day 0
14.00
Day 0
15.00
Day 0 N/A
Intercompany payment within Nordea Great Britain
Intercompany payment
Day 0 15.00
Day 0 16.00
Day 0 Day 0
Cancellation
BACS and CHAPS Manual cancellation 3
Day 0 13.30
Day 0 15.30
- -
3 Nordea Bank Great Britain will perform all manually ordered cancellations on a best effort basis.
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Reference
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
Corporate eGateway cut-off time (CET)
Local cut-off time (CET)
Debit account
Available to beneficiary/ correspondent bank
Nordea Payment – if beneficiary’s
bank account is with Nordea
London
(with currency exchange)
GBP, USD, EUR,
NOK, DKK, SEK,
SGD, PLN
Ordinary payment Day 0
13.30
Day 0
14.30
Day 0 Day 0
International payments –
beneficiary’s bank account is with
another Nordea office or a third party bank
(with currency exchange)
NOK, DKK, SEK
EUR, GBP, USD
SGD
AUD, CAD, CHF,
HKD, ISK, JPY, KRW,
KWD, MAD, MYR, NZD, ZAR
AED, BHD, BRL,
CZK, IDR, INR, PHP,
PKR, PLN, SAR, THB, TND, TWD, XPF
Ordinary Payment Day 0
10.00
Day 0
13.00
Day 0
11.00
Day 0
14.00
Day 0
14.00
Day 0
11.00
Day 0
14.00
Day 0
12.00
Day 0
15.00
Day 0
15.00
Day 0
Day 0
Day +1
Day +2
Day +3
Day 0
Day 0
Day +1
Day +2
Day +3
Intercompany Payment
within Nordea
GBP, USD, EUR,
NOK, DKK, SEK,
SGD, PLN
Intercompany
payment
Day 0
14.30
Day 0
15.30
Day 0 Day 0
Cheque payment Official bank draft
GBP, USD, EUR, NOK, DKK, SEK
Ordinary payment to money order
(cheque)
Day 0 13.00
Day 0 14.00
Day 0 When cashed
Cancellation
All payment types All currencies Manual cancellation
- -
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Reference
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
To an account outside 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
Salary and pension payments
To an account in Nordea Bank Estonia
To an account outside Nordea Bank
Estonia
Salary payment Day 0
18:00
13:30
Day 0
19:00
14:30
Day 0 Day 0
Urgent payments Express
payment
Day 0
15.00
Day 0
16.00
Day 0 Day 0
Cancellation
All payment types
Manual cancellation
Day –1 14.00
Day –1 16.00
- -
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Reference
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)
Local cut-off time (CET)
Debit account
Available to beneficiary/ correspondent bank
Nordea Payment – if beneficiary’s
bank account is with Nordea
(with currency exchange)
DKK, EUR, GBP,
NOK, PLN, SEK, SGD,
USD
Ordinary payment Day 0
15:00
Day 0
16:00
Day 0 Day +1
Ordinary international payments –
if beneficiary’s bank account is
not with Nordea
(with currency exchange)
Other currencies
EUR
Ordinary payment Day 0
15:00
13:30
Day 0
16:00
14:30
Day 0
Day 0
Day +2
Day+0
Urgent international payments – if
beneficiary’s bank account is not
with Nordea (with currency exchange)
USD
Other currencies
Urgent payment Day 0
15:00
14:30
Day 0
16:00
15:30
Day 0 Day +1
Same day value payment
EUR, USD,
DKK NOK, GBP, SEK,
PLN RUB
Same day value
(express payment)
13:00
10:00 12:00
06:30
14:00
11:00 13:00
07:30
Day 0 Day 0
Intercompany Payment within Nordea
USD
DKK, GBP, EUR, NOK, PLN, SEK,
Intercompany payment
Day 0 15:00
Day 0 14:30
Day 0 16:00
Day 0 15:30
Day 0 Day 0
Cancellation
All payment types All currencies Manual
cancellation
Day -1
14.00
Day -1
16.00
- -
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Reference
7.15 Cut-off times, Nordea Bank Latvia, Domestic payments
Note: CET +1 hour applies in Latvia.
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 Latvia
To an account outside Nordea Bank Latvia
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
Salary and pension payments
To an account in Nordea Bank Latvia
To an account outside Nordea Bank Latvia
Salary and pension
payment
Day 0
18:00
13:30
Day 0
19:00
14:30
Day 0 Day 0
Urgent payments Express
payment
Day 0
15:00
Day 0
16:00
Day 0 Day 0
Cancellation
All payment types Manual
cancellation
Day -1
14.00
Day -1
16.00
- -
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Reference
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
Corporate eGateway cut-off time (CET)
Local cut-off time (CET)
Debit account
Available to beneficiary/ correspondent bank
Nordea Payment – if beneficiary’s
bank account is with Nordea
DKK, EUR, GBP, ,
NOK, PLN, SEK, SGD,
USD
Nordea Payment Day 0
18:00
Day 0
19:00
Day 0 Day +1
Ordinary international payments –
if beneficiary’s bank account is
not with Nordea
USD, EUR to EU
USD
Other currencies
Ordinary Payment Day 0
18:00
18:00
Day 0
19:00
19:00
Day 0 Day +1
Day +2
Express payment
USD DKK, GBP, NOK,
PLN, SEK, EUR
Urgent payment Day 0
15.00 14:30
Day 0
16.00 15:30
Day 0 Day +1
Same day value payment
EUR, USD,
DKK
NOK, GBP, SEK,
PLN RUB
Same day value
(express payment)
13:00
10:00
12:00
6:30
14:00
11:00
13:00
7:30
Day 0 Day 0
Intercompany Payment within Nordea
USD
DKK, GBP, NOK, EUR, PLN, SEK,
Intercompany Payment
Intercompany Payment
Day 0 15.00
Day 0 14:30
Day 0 16.00
Day 0 15:30
Day 0
Day 0
Day 0
Day 0
Cancellation
All payment types All currencies Manual
cancellation
Day -1
14.00
Day -1
16.00
- -
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Reference
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
Day 0
17:00
Day 0
18:00
Day 0 Day 1 *
Salary payments
To an account in Nordea Bank Lithuania
To an account outside Nordea Bank
Lithuania
Salary payment Day 0
17:00
14:00
Day 0
18:00
15:00
Day 0
Day 0
Day 0
Day 0
Cancellation
All payment types Manual
cancellation
Day -1
14.00
Day -1
16.00
- -
* 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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Reference
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
Corporate eGateway cut-off time (CET)
Local cut-off time (CET)
Debit account
Available to beneficiary/ correspondent bank
Nordea Payment – if beneficiary’s
bank account is with Nordea
(with currency exchange)
EUR, USD
DKK, GBP, NOK,
PLN, SEK,
Ordinary payment Day 0
13.00
Day 0
14.00
Day 0 Day +1
Ordinary international payments –
if beneficiary’s bank account is
not with Nordea
(with currency exchange)
EUR
AUD GBP, NOK, SEK, , USD, CAD, CHF,
CZK, DKK, HKD, JPY,
PLN, SGD, , BGN, HUF, KWD, , RON, ,
HRK, KWD, RUB,
INR
Ordinary payment Day 0
13.00
Day 0 13.00
Day 0
14.00
Day 0 14.00
Day 0 Day +1
Day +2
Express payment All currencies Urgent payment Day 0
13.00
Day 0
14.00
Day 0 Day +1
Same day value payment
All currencies Same day value
(express payment)
14:00 15:00 Day 0 Day 0
Intercompany Payment within Nordea
EUR, USDDKK, GBP, NOK, PLN, SEK
Intercompany Payment
Day 0 13:00
Day 0 13:00
Day 0 14:00
Day 0 14:00
Day 0
Day 0
Day 0
Day 0
Cancellation
All payment types All currencies Manual
cancellation
Day -1 4
14.00
Day -1 4
16.00
- -
4 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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Reference
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
Corporate eGateway cut-off time (CET)
Local cut-off time (CET)
Debit account Available to beneficiary/ correspondent bank
Nordea Bank USA ACH file processing (only USD)
Domestic ACH payment
Day 0 19.00
Day 0 20.00
Day +1 Day +1
Canada: Nordea Bank USA ACH file
processing (only CAD)
Domestic ACH
payment
Day 0
17.00
Day 0
18.00
Day +1 Day +1
Outsourced check file processing (USA
and CAD)
Domestic
check payment
Day 0
19.00
Day 0
20.00
Debited when
cashed
Printed and mailed
on Day +1
Domestic wire payment (US) Domestic wire
payment
Day 0
20.00
Day 0
21.00
Day 0 Day 0
Domestic wire payment (CA) Domestic wire
payment
Day 0
16.00
Day 0
17.00
Day 0 Day 0
International wire payment (US) International wire payment
Day 0 20.00
Day 0 21.00
Day 0 Day+2
International wire payment (CA) International
wire payment
Day 0
16.00
Day 0
17.00
Day 0 Day+2
International Intercompany payment (US and CA)
International intercompany
payment
Day 0 14.00
Day 0 15.00
Day 0 Day 0
Cancellation
All payment types Manual cancellation
Day 0 18.00
Day 0 20.00
- -
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
Corporate eGateway cut-off time (CET)
Local cut-off time (CET)
Debit account Available to beneficiary bank
Domestic payment to account (Roubles or foreign currency)
Payment to account
Day 0 12.00
Day 0 13.00
Day 0 Day 0 5
Salary payment Payment to
account
Day 0
12.00
Day 0
13.00
Day 0 Day 0 11
Cancellation
All payment types Manual
cancellation
Day -1
14.00
Day -1
16.00
- -
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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Reference
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)
Local cut-off time (CET)
Debit account
Available to beneficiary/ correspondent bank
Ordinary International payment All currencies 6 Ordinary payment Day 0
12.00
Day 0
13.00
Day 0 Day 0
International payment to accounts
opened with the banks of Nordea
Group (Nordea payment)
All currencies 12 Ordinary payment Day 0
12.00
Day 0
13.00
Day 0 Day 0
Nordea Intercompany payment All currencies Intercompany
payment
Day 0
12.00
Day 0
13.00
Day 0 Day 0
Cancellation
All payment types All currencies 12 Manual
cancellation
Day -1
14.00
Day -1
16.00
- -
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
Message type DIRDEB pain.007 pain.008
Corporate eGateway Cut-off time (CET)
Local Cut-off time (CET)
Debit Debtor’s account
Available to Creditor’s account
Bankgiro (BGC) - Autogiro 7 - Autogiro
Day –1 15.00
Day –1 16.00
Day 0 Day 0
Cancellation
Bankgiro (BGC) - Autogiro
(All payment types)
DIRDEB camt.055
Day –1 15.00
Day –1 17.00
- -
8.2 Cut-off times for Direct Debit, Nordea Bank Norway
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.
Document Title Cut-off times list 2015-05-18 Date
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Reference
Direct debit instructions effected by Nordea Bank Norway
Message type DIRDEB pain.008
Corporate eGateway cut-off time (CET)
Local cut-off time (CET)
Debit Debtor’s account
Available to Creditor’s account
Nets - Avtalegiro option A 8 - Avtalegiro Day (see option)
13.00
Day (see option) 14.00
Day 0 Day 0
Nets - Avtalegiro option B 9 - Avtalegiro Day (see option) 13.00
Day (see option) 14.00
Day 0 Day 0
Cancellation
Nets - Avtalegiro
(All payment types)
DIRDEB
camt.055
Day –1 13.00
Day –1 14.00
- -
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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Reference
8.3 Cut-off times for DIRDEB, Nordea Bank Denmark
Direct debit instructions effected by Nordea Bank Denmark
Message type DIRDEB pain.008
Corporate eGateway cut-off time (CET)
Local cut-off time (CET)
Debit Debtor’s account
Available to Creditor’s account
Nets – BetalingsService BS Day 10
08.00
Day 09.00
Day 0 Day 0
Nets – LeverandørService LS Day -1 15.30
Day -1 16.30
Day 0 Day 0
Cancellation
Nets - BetalingsService
DIRDEB (or manual
cancellation)
camt.055
Day -1 07.00
Day -1 09.00
- -
Nets – LeverandørService
DIRDEB
camt.055
Day -1 14.30
Day -1 16.30
- -
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.
From the Message Centre to customer
Message type Status reports for payments
Corporate eGateway cut-off time
Reflecting day of sent PAYMUL Message
Comments
Nordea Bank Denmark Domestic and International Payments
Day 0 + 2 hours
Day 0
For Denmark the status report Message is normally sent within one hour after the
arrival of the PAYMUL Messages.
Nordea Bank Estonia Domestic Payments N/A N/A Status reports for domestic payments in Estonia are only sent on Payment day.
Nordea Bank Finland Domestic Payments Day 0
+ 2 hours
Day 0
For Finland the status report Message is
normally sent within one hour of the
arrival of the payment Messages
Nordea Bank Germany Domestic Payments N/A N/A Status reports for domestic payments in Germany are only sent on Payment day.
Nordea Bank Great Britain Domestic Payments N/A N/A Status reports for domestic payments in
Great Britain are sent continuously from
10
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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reception until (and including) Payment
day.
Nordea Bank Latvia Domestic Payments N/A N/A Status reports for domestic payments in
Latvia are only sent on Payment day.
Nordea Bank Lithuania Domestic Payments N/A N/A Status reports for domestic payments in Lithuania are only sent on Payment day.
Nordea Bank Norway Domestic and
International Payments
Day 0
+ 2 hours
Day 0
For Norway the status report Message is
normally sent within one hour of the
arrival of the payment Messages.
OJSC Nordea Bank, Russia Domestic and
International Payments
N/A N/A Status reports for all payment types in
Russia are only sent on Payment day.
Nordea Bank Sweden - PlusGiro Domestic Payments Day 0
+ 2 hours
Day 0
For PlusGiro - Sweden the status report
Message is normally sent within one hour of the arrival of the payment Messages.
Nordea Bank Sweden - BGC Domestic Payments Day 0
Day 0
For Sweden the status report Message is
sent between 20.00 and 23.00 on the day
of the arrival of the payment Message.
All Nordea Companies except
Denmark, Norway and Russia
International Payments N/A N/A 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.
From the Message Centre to customer 11
Message type BANSTA for DIRDEBor AUTHOR (1) pain.002 for pain.008 pain.012 for pain.009 or pain.011
Corporate eGateway cut-off time
Reflecting day of sent DIRDEB or AUTHOR (1) Message or pain.008 pain.009 pain.011
Comments
All Nordea Companies from the
Message Centre
Direct debits Day 0
+ 1 hour
Day 0
Nets Denmark
BGC Sweden
Acknowledgement
Message
Day 0
+ 1 hour
Day 0
BANSTA, AUTHOR, pain.002 or pain.012
from Message Centre 12
From ACH to Customer
Nets Denmark Direct debits Day 0
+ 2 hours
Day 0
For Denmark the BANSTA Message is
normally sent within one hour of the arrival of the DIRDEB Messages.
Nets Denmark 13 Acknowledgement
Message
N/A N/A Depends on debtor’s bank.
BANSTA or AUTHOR from Message Centre
Nets Norway Direct debits N/A N/A Only paper based status report possible
BGC Sweden Direct debits Day 0
Day 0
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.
BGC Sweden Acknowledgement Message
N/A N/A Depends on debtor’s bank. BANSTA/pain.002 or AUTHOR/pain.012 from
Message Centre
11
Only rejected direct debit instructions will be reported from the Message Centre and/or the ACH. 12
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.
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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.
From the Message Centre to Customer
Message type BANSTA for PAYMUL or pain.002 for pain.001
Corporate eGateway cut-off time (CET)
Reflecting requested payment date
Nordea Bank Denmark Direct debits Day +1
13.00
Day 0
Nordea Bank Estonia Domestic Payments 14 Day 0
15.00
Day 0
Nordea Bank Finland - Domestic Payments
Day +1
03.00
Day 0
Nordea Bank Germany Domestic Payments 14 Day +1
17.00
Day 0
Nordea Bank Great Britain Domestic Payments
Day 0 17.00
Day 0
Nordea Bank Latvia Domestic Payments
Day 0
15.00
Day 0
Nordea Bank Lithuania Domestic Payments Day 0 15.00
Day 0
Nordea Bank Norway Domestic Payments
Day 0
18.00
Day 0
Nordea Bank Norway Direct debit Payments N/A Only paper based status report possible
OJSC Nordea Bank, Russia - Domestic Payments 14
- International payments
Day 0
16.00
Day 0
Nordea Bank Sweden - PlusGiro Domestic Payments
N/A Only paper based status report possible
from PlusGiro
Nordea Bank Sweden - BGC - Domestic Payments - Direct debit Payments
Day 0 13.00
Day 0 Domestic Payments - For insufficient
funds, only paper based status report
possible from Bankgiro
All Nordea Companies International Payments Day 0
12.00
Day 0
14
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)
In response to a registered acknowledgement from Debtor’s Bank
Nets Denmark Acknowledgement Message Day +1 15 06.00
Day 0
Nets Norway Acknowledgement Message Day +1
18.00
Day 0
BGC Sweden Acknowledgement Message Day 0 16 17.00
Day 0
12.00
15
Delivery on Day +1 requires that the AUTHOR (2)/pain.012 Message be delivered on a daily basis. 16
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.
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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
Comments
Nordea’s Message Centre Day 0
+ 0.30 hours
Day 0
From the Customer to Message Centre
Customer
Day 0
+ 1.00
Day 0
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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
- International Payments
Day 0
8.00
Day 0 08.00
Day 0
17.00 Day 0
17.00 18
Day 0
Nets – Denmark Direct debit Day 0
07.00
Day 0
Nordea Bank Estonia - Domestic Payments - International Payments
Day 0 20.00 19
Day 0
Nordea Bank Finland - Domestic Payments, Direct debit and
International Payments
Day +1
03.00
Day 0
Nordea Bank Germany Domestic & International Payments N/A N/A
Nordea Bank Great Britain Domestic & International Payments N/A N/A
Nordea Bank Latvia - Domestic Payments - International Payments
Day 0 20.00
Day 0
Nordea Bank Lithuania - Domestic Payments
- International Payments
Day 0
20.00
Day 0
Nordea Bank Norway - Domestic Payments - from Nets
- within Nordea Norway
- Direct debit
- International Payments
Day 0 19.00
Day +1
00.30 Day 0
19.00
Day +1 00.30
Day 0
OJSC Nordea Bank, Russia Domestic & International Payments N/A N/A
Nordea Bank Sweden (BGC) - Direct debit - BG-Inbetalnings Service
18.00 18.00
Day 0
Nordea Bank Sweden (PlusGiro) - International Payments Day 0
23.00
Day 0
Nordea Bank Sweden - Total IN
(Plusgiro)
All Swedish domestic payments
Option 1: Deliveries during the day
Day 0
15.00; 18.15 & 23.15
Day 0
Nordea Bank Sweden – Total IN
(Plusgiro)
All Swedish domestic payments
Option 2: Delivery the following day
Day +1
07.00
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 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 Day 0
19.00
Day 0
Nordea Bank Estonia Domestic Payments Day 0
18.00
Day 0
Information sent approx. five times each day
Nordea Bank Finland Domestic Payments Day +1
03.00
Day 0
Nordea Bank Germany Domestic & International Payments N/A N/A
Nordea Bank Great Britain Domestic & International Payments N/A N/A
Nordea Bank Latvia Domestic Payments Day 0
18.00
Day 0
Information sent twice each day
Nordea Bank Lithuania Domestic Payments Day 0
18.00
Day 0
Information sent three times each day
Nordea Bank Norway - Domestic Payments
- International Payments
Day 0
18.30
Day 0 18.00
Day 0
Day 0
OJSC Nordea Bank, Russia Domestic & International Payments N/A N/A
Nordea Bank Sweden International Payments Day +1 01.00
Day 0
Nordea Bank Sweden (BGC)
- Domestic Payments
- Direct Debit (Re-funds)
Day 0
22.00
18.00
Day 0
Nordea Bank Sweden (PlusGiro) - Domestic Payments
- International Payments
Day +1 07.00
Day +1
01.00
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)
Reflects Nordea Company’s Booking Day
Comments
Nordea Bank Denmark Account Statement Day +1 04.00
Day 0
Nordea Bank Estonia Account Statement Day +1
07.00
Day 0
Nordea Bank Finland Account Statement Day +1 03.00
Day 0
Nordea Bank Germany Account Statement Day +1
07:00
Day 0
Nordea Bank Great Britain Account Statement Day +1
07.00
Day 0
Nordea Bank Latvia Account Statement Day +1 07.00
Day 0
Nordea Bank Lithuania Account Statement Day +1
07.00
Day 0
Nordea Bank Norway Account Statement Day +1 05.30
Day 0
Nordea Bank USA (Canada) Account Statement Day + 1
07.00
Day 0
OJSC Nordea Bank, Russia Account Statement Day +1 09:00
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)
Nordea Bank Sweden Account Statement Day 0 23.00
Day 0
Nordea Bank Sweden
(PlusGiro)
Account Statement Day +1
01.00
Day 0
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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 Closing time
Variable Maundy Thursday 13.00 20
31 December New Year’s Eve 13.00 20
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
1 January 21 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
26 December 21 Boxing Day
Days with reduced working hours Closing time
N/A N/A 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
Variable (May) 22 May Day
Variable 21 Whit Sunday
Variable (August) 21 August bank holiday
25 December 21 Christmas Day
26 December 21 Boxing Day
Days with reduced working hours Closing time
N/A N/A N/A
21
If these dates fall on a weekend the next working day(s) will be a bank holiday. 22
Bank holiday will always fall on a Monday.
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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 The working day before a national holiday is an
hour shorter than usual. 23
Closing time
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 Specification
1 January New Year's Day
3rd Monday in January Martin Luther King Day
3rd Monday in
February President’s day
26 May Memorial Day
4 July Independence Day
1 September Labour Day
13 October Columbus Day
11 November Veterans Day
27 November Thanksgiving Day
25 December 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 New Year’s eve 13.00 25
24
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 Closing time
5 January Day before January 6 13.00
Variable Day before Good Friday 13.00
30 April Eve of Labour Day 13.00
Variable (May) Eve of Ascension Day 13.00
Variable (always a
Friday) Eve of All Saints´ Day 13.00
27
The reduced working hours don’t affect the usual cut-off times.