cut-off times list - corporate egateway - nordea group · document title cut-off times list...

Cut-off times list Corporate eGateway

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



Reference

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



Reference

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



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.



Reference

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.



Reference

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

- -



Reference

7.2 Cut-off times and currency rules, Nordea Bank Sweden, International payments

Local payment types Currency Payment type MIG



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

- -



Reference

7.3 Cut-off times, Nordea Bank Norway, Domestic payments




Debit account


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

- -



Reference

7.4 Cut-off times and currency rules, Nordea Bank Norway, International payments


Corporate eGateway cut-off time (CET))


Debit account




(with currency exchange)

DKK, EUR, GBP,

NOK, PLN, SEK, SGD,

USD


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


Day 0 15.00

Day +1 Day +1


not with Nordea


All currencies Ordinary payment Day 0 14.00

Day 0 15.00

Day 0 Day +2


not with Nordea


EUR, GBP, NOK, USD Ordinary payment Day 0 14.00

Day 0 15.00

Day +1 Day +1


not with Nordea


Other currencies than above


Day 0 15.00

Day +2 Day +2

Intercompany Payment within Nordea

DKK, GBP, NOK, PLN, SEK

EUR, USD

SGD


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

- -



Reference

7.5 Cut-off times, Nordea Bank Denmark, Domestic payment




Debit account


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


14.30

Day -1

16.30

- -



Reference

7.6 Cut-off and currency rules, Nordea Bank Denmark, International payments




Debit account




DKK, EUR, GBP,

NOK, PLN, SEK, SGD,

USD


14.00

Day 0

15.00

Day 0 Day +1


not with Nordea

EUR for European

Economic Area

(EEA-countries)

Other currencies


Day 0 14.00

Day 0 15.00

Day 0 15.00

Day 0

Day 0

Day +1

Day +2


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


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

- -



Reference

7.7 Cut-off times, Nordea Bank Finland, Domestic payments

Note. CET +1 hour applies in Finland.




Debit account


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


15.30

Day -1

17.30

- -

Salary and Pension payments.

Please note special rules for cancellation

in Finland 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.



Reference

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.




Debit account




DKK, EUR, USD,

GBP, SEK, NOK, PLN,

RUB SGD


14.00

Day 0

15.00

Day 0 Day +1


not with Nordea

EUR for European

Economic Area

(EEA-countries)

Other currencies


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


13.00

Day 0

14.00

Day 0 Day +1


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.


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


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


cancellation

Day – 1

16.00

Day - 1

17.00

- -



Reference

7.9 Cut-off times, Nordea Bank Germany, Domestic payments




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.



Reference

7.10 Cut-off times and currency rules, Nordea Bank Germany, International payments




Debit account





EUR, DKK, GBP,

NOK, SEK, USD,

PLN,


12.00

Day 0

13.00

Day 0 Day +2

Ordinary international payments – if beneficiary’s bank account is

not with Nordea


DKK, NOK, SEK, CAD, GBP, USD,

EUR, AED, AUD,

CHF, HKD, HUF, INR, JPY, NZD, RUB, SGD,

SKK, THB, TRY,

ZAR, PLN, CZK


Day 0 13.00

Day 0 Day +2

Express payment


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


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


within Nordea

Intercompany

payment

Day 0

14.30

Day 0

15.30

Day 0 Day 0

Cancellation

All payment types


cancellation

Day -1

14.00

Day -1

16.00

- -



Reference

7.11 Cut-off times, Nordea Bank Great Britain, Domestic payments

Note. CET –1 hour applies in Great Britain.





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


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.



Reference

7.12 Cut-off times and currency rules, Nordea Bank Great Britain, International

payments

Note. CET –1 hour applies in Great Britain.




Debit account




London


GBP, USD, EUR,

NOK, DKK, SEK,

SGD, PLN


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


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


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

- -



Reference

7.13 Cut-off times, Nordea Bank Estonia, Domestic payments

Note: CET +1 hour applies in Estonia.





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


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

- -



Reference

7.14 Cut-off times and currency rules, Nordea Bank Estonia, International payments

Note: CET +1 hour applies in Estonia.




Debit account





DKK, EUR, GBP,

NOK, PLN, SEK, SGD,

USD


15:00

Day 0

16:00

Day 0 Day +1

Ordinary international payments –

if beneficiary’s bank account is

not with Nordea


Other currencies

EUR


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


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


USD

DKK, GBP, EUR, NOK, PLN, SEK,


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

- -



Reference

7.15 Cut-off times, Nordea Bank Latvia, Domestic payments

Note: CET +1 hour applies in Latvia.





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


cancellation

Day -1

14.00

Day -1

16.00

- -



Reference

7.16 Cut-off times and currency rules, Nordea Bank Latvia, International payments

Note: CET +1 hour applies in Latvia.




Debit account




DKK, EUR, GBP, ,

NOK, PLN, SEK, SGD,

USD

Nordea Payment Day 0

18:00

Day 0

19:00

Day 0 Day +1



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


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


USD

DKK, GBP, NOK, EUR, PLN, SEK,



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


cancellation

Day -1

14.00

Day -1

16.00

- -



Reference

7.17 Cut-off times, Nordea Bank Lithuania, Domestic payment

Note: CET +1 hour applies in Lithuania.





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


Lithuania

Salary payment Day 0

17:00

14:00

Day 0

18:00

15:00

Day 0

Day 0

Day 0

Day 0

Cancellation


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)



Reference

7.18 Cut-off times and currency rules, Nordea Bank Lithuania, International payment

Note: CET +1 hour applies in Lithuania.




Debit account





EUR, USD

DKK, GBP, NOK,

PLN, SEK,


13.00

Day 0

14.00

Day 0 Day +1



not with Nordea


EUR

AUD GBP, NOK, SEK, , USD, CAD, CHF,

CZK, DKK, HKD, JPY,

PLN, SGD, , BGN, HUF, KWD, , RON, ,

HRK, KWD, RUB,

INR


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


All currencies Same day value

(express payment)

14:00 15:00 Day 0 Day 0


EUR, USDDKK, GBP, NOK, PLN, SEK


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


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.



Reference

7.19 Cut-off times, Nordea Bank USA and Canada

Note: CET - 6 hours applies in USA / New York.




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.





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


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



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



Debit account


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.



Reference

Direct debit instructions effected by Nordea Bank Norway

Message type DIRDEB pain.008





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.



Reference

8.3 Cut-off times for DIRDEB, Nordea Bank Denmark

Direct debit instructions effected by Nordea Bank Denmark

Message type DIRDEB pain.008





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.



Reference

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


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


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.



Reference

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


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.



Reference

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.


Message type AUTHOR (2)/pain.012


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.



Reference

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



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



Reference

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.


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


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


Day 0

20.00

Day 0

Nordea Bank Norway - Domestic Payments - from Nets

- within Nordea Norway

- Direct debit


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.


Message type DEBMUL/camt.054 Corporate eGateway cut-off time (CET)


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.



Reference

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


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


Day +1 07.00

Day +1

01.00

Day 0

Day 0



Reference

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.


Message type FINSTA/camt.053



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



Reference

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



Reference

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


24 February Independence Day


1 May Spring Bank Holiday

23 June Victory Day

24 June St. John’s Day

20 August Restoration of Independence



26 December St. Stephen’s Day


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



6 January Epiphany



1 May May Day


Variable Midsummer Eve

6 December Independence Day





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).



Reference

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


1 January 21 New Year’s Day



Variable (May) Ascension Day

Variable Whit Sunday

Variable Corpus Christi

3 Oct Constitution Day

25 December 21 Christmas Day

26 December 21 Boxing Day


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


1 January 21 New Year’s Day



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


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.



Reference

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





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





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


1 January New Year's Day

16 February Lithuanian Statehood Restoration Day

11 March Lithuanian Independence Restoration Day


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




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.



Reference

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


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


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



Variable Maundy Thursday



1 May Labour Day


17 May Constitution Day, Norway

Variable Pentecost Monday





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.



Reference

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




Reference

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



6 January Epiphany



1 May Labour Day

Variable (May) Ascension Day

6 June Constitution Day

Variable (June) Midsummer 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


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