Cut-off times list. Corporate egateway

Transcription

1 Cut-off times list

2 2(42) Page Table of contents 1 Purpose of this document Cut-off time definitions for s and authorisations Cut-off time definitions for Direct Debit 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 Definitions for days, debit account and available to beneficiary Time definition used by Cut-off times s (EDIFACT PAYMUL or XML pain.001) Cut-off times, Nordea Bank Sweden, Domestic s Cut-off times and currency rules, Nordea Bank Sweden, International s Cut-off times, Nordea Bank Norway, Domestic s Cut-off times and currency rules, Nordea Bank Norway, International s Cut-off times, Nordea Bank Denmark, Domestic Cut-off and currency rules, Nordea Bank Denmark, International s Cut-off times, Nordea Bank Finland, Domestic s Cut-off times and currency rules, Nordea Bank Finland, International s Cut-off times, Nordea Bank Germany, Domestic s Cut-off times and currency rules, Nordea Bank Germany, International s Cut-off times, Nordea Bank Great Britain, Domestic s Cut-off times and currency rules, Nordea Bank Great Britain, International s Cut-off times, Nordea Bank Estonia, Domestic s Cut-off times and currency rules, Nordea Bank Estonia, International s Cut-off times, Nordea Bank Latvia, Domestic s Cut-off times and currency rules, Nordea Bank Latvia, International s Cut-off times, Nordea Bank Lithuania, Domestic 23 * Note: For domestic it is recommended to use Payment to account which will give same day value. (SEPA s D+1) Cut-off times and currency rules, Nordea Bank Lithuania, International Cut-off times, Nordea Bank USA and Canada Cut-off times, OJSC Nordea Bank, Russia, Domestic Cut-off times and currency rules, OJSC Nordea Bank, Russia, International 26 8 Cut-off times Direct Debit Cut-off times for Direct Debit, Nordea Bank Sweden Cut-off times for Direct Debit, Nordea Bank Norway Cut-off times for DIRDEB, Nordea Bank Denmark 28 9 Cut-off times for status reports (EDIFACT BANSTA or XML pain.002)... 28

3 3(42) Page 9.1 Cut-off times for status reports for s & direct debits (file delivery day) for all Nordea Companies Cut-off times status reports for Direct Debit and authorisations (file delivery day) for all Nordea Companies Cut-off times status report ( day) for all Nordea Companies Cut-off times AUTHOR (2)/pain.012 for all Nordea companies Cut off times for EDIFACT messages CONTRL, CREMUL, DEBMUL and FINSTA or XML messages pain.002, camt.054 and camt Cut-off times CONTRL/pain Cut-off times CREMUL/camt.054 for all Nordea Companies Cut-off times DEBMUL/camt.054 for all Nordea Companies Cut-off times account statement for all Nordea Companies Bank holidays for all Nordea Companies Bank holidays in Nordea Bank Denmark Bank holidays in Nordea Bank Estonia Bank holidays in Nordea Bank Finland Bank holidays in Nordea Bank Germany Bank holidays in Nordea Bank Great Britain Bank holidays in Nordea Bank Latvia Bank holidays in Nordea Bank Lithuania 39 Note: If there is a bank holiday in Finland, no cross-border s will be forwarded on that day to the Baltic Bank holidays in Nordea Bank USA Bank holidays in Nordea Bank Norway Bank holidays in OJSC Nordea Bank, Russia Bank holidays in Nordea Bank Sweden 42

4 4(42) Page Version change history Version Poland removed from the document Chapter 8 Direct debit for Finland removed Chapter 7.1 (SE) Bankgiro changed from to, and cancellation Plusgiro changed from to Chapter (Baltics): Cut-off changed for several types Version Chapter 7.5 (DK): Payment type Payment to account renamed to Standard credit transfer. Added type Same-day credit transfer. Version Updates for Direct Debit XML Changed currency to EUR for Lithuania, urgent type removed, s updated for domestic and SEPA s Minor updates in incoming s Sweden Version Chapter 10.2 (credit advices): Direct Debit removed for Finland Chapter 10.3 (debit advices): International s added for countries Estonia, Finland, Latvia and Lithuania Chapter 7.2 (SE) International s: Cut off for Financial s RON changed to ( local time)

5 5(42) Page 1 Purpose of this document This document provides the user of the Nordea Group s (hereinafter also referred to as Nordea ) with a list of the s used by Nordea s Message Centre as well as the local cut-off for each service and country that are part of. 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. Note: currently offer all countries and services included in this document in EDIFACT format. For XML ISO20022 in version 2 the following applies, for s (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 s and authorisations There are two different types of s listed in this document: the Cut-off times and the Local Cut-off times. In order to ensure timely and accurate processing of the or other instructions within the services the Customer must transmit Messages to Nordea's Message Centre in accordance with the Cut-off times. The Local Cut-off time specifies the for each country/currency. The instruction and other Message types must reach the Message Centre no later than 60 minutes before the local in order to meet the respective s, providing that the order contains all information necessary for execution. Special s apply for reduced working days, see chapter 11. Please be aware that the Message Centre will not reject s in relation to any, however, the Message Centre will perform validation for some types and reject s due to content errors (please see Functional Specification documents). Each local Executing Bank will validate the content and on 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 Cut-off time, Nordea is not responsible for processing the instructions in 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 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 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.

6 6(42) Page 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 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 days, debit account and available to beneficiary In this Cut-off Times List the following terms will be used: The 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 instruction in relation to the requested Payment day and beneficiary bank. The column beneficiary bank includes information concerning when the amount is made available to the beneficiary s bank. The following explanations apply: Day +1 = The Business Day prior to the Payment day = The Payment day = The Business Day after the Payment day Additional information about international s: The table shows value dating rules and s for each type, currency and whether beneficiary s bank is Nordea or not. Value dates for outgoing s 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 All hours are defined as Central European Time. 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.

7 7(42) Page 7 Cut-off times s (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 s. 7.1 Cut-off times, Nordea Bank Sweden, Domestic s Local types Payment type MIG Bankgiro (LB-service) All Payment types Bankgiro (LB-Lön/Salary) Salary Day PlusGiro (Girodirekt-service) to a PlusGiro no. PlusGiro (Girodirekt-service) Non-reference to a PlusGiro no. PlusGiro (Girodirekt-service) PlusGiro (Girodirekt-service) PlusGiro to Bankgiro Payment to a non PlusGiro account (other bank) Salary and Pension All s from PlusGiro to a Bankgiro no. Day Koncernintern betalning Intercompany 14:00 Samma dags valutering Same-day-value 09:00< SEK :00>=SEK Finansiell betalning Financial 09:00< SEK :00>=SEK Bankgiro All types Manual cancellation PlusGiro All types Manual cancellation Local Day :00 10:00< SEK :00>=SEK :00< SEK :00>=SEK Debit account beneficiary bank Day +1

8 8(42) Page 7.2 Cut-off times and currency rules, Nordea Bank Sweden, International s Local types Currency Payment type MIG Nordea Payment if beneficiary s bank account is with Nordea DKK, EUR, GBP, NOK, PLN, SEK, SGD Ordinary Local Debit account Day +1 beneficiary/ correspondent bank Ordinary international if beneficiary s bank account is not with Nordea EUR for European Economic Area (EEA-countries) Ordinary Other currencies Day +2 EU EUR, SEK Ordinary Day +2 Express Express Day +1 Intercompany Payment within Nordea AED, AUD, CAD, CHF, CZK, DKK, EUR, GBP, HKD, HRK, HUF, ILS, JPY, KWD, MXN, NOK, NZD, PLN, RON, RUB, SAR, SEK, SGD, TRY, USD, ZAR DKK, GBP, NOK, PLN, SEK Intercompany Day +1 EUR, USD 1. Intercompany if beneficiary s bank account is not with Nordea (must be agreed with beneficiary s bank) 2. Same day value 3. Financial SGD HUF, PLN, TRY CZK DKK RON 1. Intercompany 2. Same day value 3. Financial NOK CAD, GBP, SEK EUR, USD AED, AUD, HKD, HRK, ILS, ISK, KWD, NZD, RUB, SAR, SGD, ZAR CHF, JPY, MXN Payment to money order (cheque) Other currencies AUD, CAD, CHF, DKK, EUR, GBP, HKD, INR, JPY, MAD, NOK, NZD, SEK, SGD, TND, USD, ZAR Payment to money order (cheque) All types All currencies Manual cancellation Day +2 Day +2 When cashed

9 9(42) Page 7.3 Cut-off times, Nordea Bank Norway, Domestic s Local types Domestic s Intercompany s SDV s Financial s Payment type MIG - Payment to account - Salary - Pension - Payment to money order ( advice) Intercompany (domestic SWIFT) Same-day-value (domestic SWIFT) Financial (domestic SWIFT) Afternoon settlement End settlement 14:00 14:00 All types Manual cancellation Local cut-off time Afternoon settlement End settlement 15:00 15: Debit account beneficiary bank

10 10(42) Page 7.4 Cut-off times and currency rules, Nordea Bank Norway, International s Local types Currency Payment type MIG Nordea Payment if beneficiary s bank account is with Nordea (with currency exchange) Nordea Payment if beneficiary s bank account is with Nordea (without currency exchange) Ordinary international if beneficiary s bank account is not with Nordea (with currency exchange) Ordinary international if beneficiary s bank account is not with Nordea (without currency exchange) Ordinary international if beneficiary s bank account is not with Nordea (without currency exchange) Intercompany Payment within Nordea DKK, EUR, GBP, NOK, PLN, SEK, SGD, USD DKK, EUR, GBP, NOK, PLN, SEK, SGD, USD Ordinary Ordinary All currencies Ordinary EUR, GBP, NOK, USD Ordinary Other currencies than above DKK, GBP, NOK, PLN, SEK Ordinary Intercompany ) Local Debit account Day +1 Day +1 Day +1 Day +2 Day +1 Day +1 Day +2 Day +2 beneficiary/ correspondent bank EUR, USD 1. Express and Intercompany to beneficiary with account outside Nordea SGD USD, EUR PLN, HUF, TRY Express Same-day-value 3. Financial 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 Cheque All currencies Payment to money order (cheque) All types All currencies Manual cancellation Day +2 Day +2 When cashed

11 11(42) Page 7.5 Cut-off times, Nordea Bank Denmark, Domestic Local types Payment to account Payment type MIG - Standard credit transfer - Salary - Pension Local cut-off time Debit account Day0 beneficiary bank Day+1 - Same-day credit transfer Easy Account" (NemKonto) Day +1 - To own account in Nordea Denmark Payment via Giro and transfer form Payment via transfer form Intercompany Intercompany Same-day-value within Nordea Same-day-value 14:00 Same-day-value to other banks Same-day-value 12:30 Financial Financial 12:30 Cheque Payment to money order (cheque) All types Manual cancellation :00 13:30 13: Day +1 When cashed

12 12(42) Page 7.6 Cut-off and currency rules, Nordea Bank Denmark, International s Local types Currency Payment type MIG Nordea Payment if beneficiary s bank account is with Nordea Ordinary international if beneficiary s bank account is not with Nordea Intercompany Payment within Nordea DKK, EUR, GBP, NOK, PLN, SEK, SGD, USD EUR for European Economic Area (EEA-countries) Other currencies DKK, GBP, NOK, PLN, SEK Ordinary Ordinary Intercompany Local Debit account Day +1 beneficiary/ correspondent bank Day +1 Day +2 EUR, USD 1. Express and Intercompany to beneficiary with account outside Nordea 2. Same day value 3. Financial SGD HUF, PLN, TRY CZK DKK NOK CAD, GBP, SEK EUR, USD AED, AUD, HKD, HRK, ILS, ISK, KWD, NZD, RON, RUB, SAR, SGD, ZAR Express CHF, JPY, MXN Other currencies Payment to money order All currencies Payment to money order (cheque) All types. All currencies Manual cancellation Day +2 Day +2 When cashed

13 13(42) Page 7.7 Cut-off times, Nordea Bank Finland, Domestic s Note. CET +1 hour applies in Finland. Local types Payment type MIG Payments Service All Payment types Payments Service, Salary and Salary and Pension Day -0 Pension s Express Intercompany Express Same-day-value 13:30 Express Financial 13:30 Domestic s (CPS). Please note special rules for cancellation in Finland 1 Salary and Pension s. Please note special rules for cancellation in Finland 11 Manual cancellation Manual cancellation Local cut-off time Day :30 14: Debit account beneficiary bank in Nordea Day +1 other banks Day -0 Day+1 in all Finnish banks 1 for single C-level instructions is not possible in Nordea Bank Finland. If cancellation is needed the entire B-level of the relevant Message must be cancelled.

14 14(42) Page 7.8 Cut-off times and currency rules, Nordea Bank Finland, International s Note: 1. All EUR s to EU area are handled as SEPA s 2. CET +1 hour applies in Finland. Local types Currency Payment type MIG Nordea Payment if beneficiary s bank account is with Nordea Ordinary international if beneficiary s bank account is not with Nordea Express Intercompany Payment within Nordea DKK, EUR, USD, GBP, SEK, NOK, PLN, RUB SGD EUR for European Economic Area (EEA-countries) Other currencies AUD, CAD, CHF, CZK, DKK, EUR, GBP, HKD, ISK, JPY, NOK, NZD, PLN, RUB, SEK, SGD, SKK, USD, ZAR DKK, GBP, NOK, PLN, SEK Ordinary Ordinary Express Intercompany Local Debit account Day +1 beneficiary/ correspondent bank Day +1 Day +2 Day +1 EUR, USD 1. Intercompany to beneficiary with account outside Nordea 2. Same-day-value 3. Financial SGD HUF, PLN, RUB, TRY CZK DKK NOK CAD, GBP, SEK EUR, USD AED, AUD, HKD, HRK, ILS, KWD, NZD, RON, SAR, SGD, ZAR Same-day-value CHF, JPY, MXN, RSD Other currencies Cheque All currencies Payment to money order (cheque) All types All currencies Manual cancellation Day 1 Day Day +2 Day +2 When cashed

15 15(42) Page 7.9 Cut-off times, Nordea Bank Germany, Domestic s Local types Domestic s Domestic Express Intercompany within Nordea Germany All types Payment type MIG Ordinary to account Express Intercompany Manual cancellation 2 Local cut-off time Debit account Day 1 beneficiary bank 2 Nordea Bank Germany will perform all manually ordered cancellations on a best effort basis.

16 16(42) Page 7.10 Cut-off times and currency rules, Nordea Bank Germany, International s Local types Currency Payment type MIG Nordea Payment if beneficiary s bank account is with Nordea (with currency exchange) Ordinary international s if beneficiary s bank account is not with Nordea (with currency exchange) Express (with currency exchange) EUR, DKK, GBP, NOK, SEK, USD, PLN, DKK, NOK, SEK, CAD, GBP, USD, EUR, AED, AUD, CHF, HKD, HUF, INR, JPY, NZD, RUB, SGD, SKK, THB, TRY, ZAR, PLN, CZK USD, EUR Ordinary Ordinary Express Local Debit account Day +2 Day +2 beneficiary/ correspondent bank Express (without currency exchange) DKK, NOK, SEK, CAD, GBP, AED, AUD, CHF, HKD, HUF, INR, JPY, NZD, RUB, SGD, SKK, THB, TRY, ZAR, PLN, CZK DKK, NOK, SEK, CAD, GBP, USD Express Day +1 EUR CZK PLN Intercompany Payment within Nordea AED, AUD, CHF, HKD, HUF, INR, JPY, NZD, RUB, SGD, SKK,THB, TRY, ZAR Intercompany All types All currencies Manual cancellation Day +1

17 17(42) Page 7.11 Cut-off times, Nordea Bank Great Britain, Domestic s Note. CET 1 hour applies in Great Britain. Local types BACS s (only GBP) Faster (only GBP) CHAPS s (only GBP) Cheque s (only GBP) Intercompany within Nordea Great Britain BACS and CHAPS Payment type MIG BACS to account (low value) Faster to account (real-time/low value) CHAPS Same day value (high value) Payment to money order (cheque) Intercompany Manual cancellation Local cut-off time Debit account Day 2 Day 2 beneficiary bank N/A 3 Nordea Bank Great Britain will perform all manually ordered cancellations on a best effort basis.

18 18(42) Page 7.12 Cut-off times and currency rules, Nordea Bank Great Britain, International s Note. CET 1 hour applies in Great Britain. Local types Currency Payment type MIG Nordea Payment if beneficiary s bank account is with Nordea London (with currency exchange) International s beneficiary s bank account is with another Nordea office or a third party bank (with currency exchange) GBP, USD, EUR, NOK, DKK, SEK, SGD, PLN NOK, DKK, SEK EUR, GBP, USD Ordinary Ordinary Payment Local Debit account beneficiary/ correspondent bank SGD Day +1 Day +1 AUD, CAD, CHF, HKD, ISK, JPY, KRW, KWD, MAD, MYR, NZD, ZAR Day +2 Day +2 Intercompany Payment within Nordea Cheque Official bank draft AED, BHD, BRL, CZK, IDR, INR, PHP, PKR, PLN, SAR, THB, TND, TWD, XPF GBP, USD, EUR, NOK, DKK, SEK, SGD, PLN GBP, USD, EUR, NOK, DKK, SEK Intercompany Ordinary to money order (cheque) All types All currencies Manual cancellation Day +3 Day +3 When cashed

19 19(42) Page 7.13 Cut-off times, Nordea Bank Estonia, Domestic s Note: CET +1 hour applies in Estonia. Local types SEPA Payment To an account in Nordea Bank Estonia To an account outside Nordea Bank Estonia Payment type MIG Payment to account 18:00 13:30 Local cut-off time 19:00 14:30 Debit account beneficiary bank Salary and pension s Salary To an account in Nordea Bank Estonia 18:00 19:00 To an account outside Nordea Bank Estonia 13:30 14:30 Urgent s All types Express Manual cancellation Day 1 Day 1

20 20(42) Page 7.14 Cut-off times and currency rules, Nordea Bank Estonia, International s Note: CET +1 hour applies in Estonia. Local types Currency Payment type MIG Nordea Payment if beneficiary s bank account is with Nordea (with currency exchange) Ordinary international s if beneficiary s bank account is not with Nordea (with currency exchange) Urgent international s if beneficiary s bank account is not with Nordea (with currency exchange) Same day value DKK, EUR, GBP, NOK, PLN, SEK, SGD, USD Other currencies EUR USD Other currencies EUR, USD, DKK NOK, GBP, SEK, PLN RUB Ordinary 15:00 Ordinary 15:00 13:30 Urgent 15:00 14:30 Same day value (express ) 13:00 10:00 12:00 06:30 Local 16:00 16:00 14:30 16:00 15:30 14:00 11:00 13:00 07:30 Debit account Day +1 beneficiary/ correspondent bank Day +2 Day+0 Day +1 Intercompany Payment within Nordea USD Intercompany 15:00 16:00 DKK, GBP, EUR, NOK, PLN, SEK, All types All currencies Manual cancellation 14:30 15:30

21 21(42) Page 7.15 Cut-off times, Nordea Bank Latvia, Domestic s Note: CET +1 hour applies in Latvia. Local types SEPA To an account in Nordea Bank Latvia To an account outside Nordea Bank Latvia Payment type MIG Payment to account :30 Local cut-off time :30 Debit account beneficiary bank Salary and pension s To an account in Nordea Bank Latvia Salary and pension 18:00 19:00 To an account outside Nordea Bank Latvia 13:30 14:30 Urgent s All types Express Manual cancellation 15:00 16:00

22 22(42) Page 7.16 Cut-off times and currency rules, Nordea Bank Latvia, International s Note: CET +1 hour applies in Latvia. Local types Currency Payment type MIG Nordea Payment if beneficiary s bank account is with Nordea Ordinary international s if beneficiary s bank account is not with Nordea DKK, EUR, GBP,, NOK, PLN, SEK, SGD, USD USD, EUR to EU USD Other currencies Nordea Payment 18:00 Ordinary Payment 18:00 18:00 Local 19:00 19:00 19:00 Debit account Day +1 Day +1 beneficiary/ correspondent bank Day +2 Express Same day value Intercompany Payment within Nordea USD DKK, GBP, NOK, PLN, SEK, EUR EUR, USD, DKK NOK, GBP, SEK, PLN RUB USD Urgent 14:30 Same day value (express ) Intercompany Payment 13:00 10:00 12:00 6:30 15:30 14:00 11:00 13:00 7:30 Day +1 DKK, GBP, NOK, EUR, PLN, SEK, Intercompany Payment 14:30 15:30 All types All currencies Manual cancellation

23 23(42) Page 7.17 Cut-off times, Nordea Bank Lithuania, Domestic Note: CET +1 hour applies in Lithuania. Local types Payment to an account in Nordea Bank Lithuania Payment to an account outside Nordea Bank Lithuania Payment type MIG Payment to account 17:00 14:00 Local cut-off time 18:00 15:00 Debit account beneficiary bank SEPA s Salary s Payment to account 17:00 Salary 18:00 Day 1 * To an account in Nordea Bank Lithuania 17:00 18:00 To an account outside Nordea Bank Lithuania 14:00 15:00 All types Manual cancellation * Note: For domestic it is recommended to use Payment to account which will give same day value. (SEPA s D+1)

24 24(42) Page 7.18 Cut-off times and currency rules, Nordea Bank Lithuania, International Note: CET +1 hour applies in Lithuania. Local types Currency Payment type MIG Nordea Payment if beneficiary s bank account is with Nordea (with currency exchange) Ordinary international s if beneficiary s bank account is not with Nordea (with currency exchange) EUR, USD DKK, GBP, NOK, PLN, SEK, EUR AUD GBP, NOK, SEK,, USD, CAD, CHF, CZK, DKK, HKD, JPY, PLN, SGD,, BGN, HUF, KWD,, RON,, HRK, KWD, RUB, INR Ordinary Ordinary Local Debit account Day +1 Day +1 beneficiary/ correspondent bank Day +2 Express All currencies Urgent Day +1 Same day value All currencies Same day value 14:00 15:00 (express ) Intercompany Payment within Nordea EUR, USDDKK, GBP, NOK, PLN, SEK Intercompany Payment 13:00 14:00 13:00 14:00 All types All currencies Manual cancellation Nordea will perform all manually ordered cancellations on a best effort basis. For further information, please contact your local cash management adviser.

25 25(42) Page 7.19 Cut-off times, Nordea Bank USA and Canada Note: CET - 6 hours applies in USA / New York. Local types Nordea Bank USA ACH file processing (only USD) Canada: Nordea Bank USA ACH file processing (only CAD) Outsourced check file processing (USA and CAD) Domestic wire (US) Domestic wire (CA) International wire (US) International wire (CA) International Intercompany (US and CA) All types Payment type MIG Domestic ACH Domestic ACH Domestic check Domestic wire Domestic wire International wire International wire International intercompany Manual cancellation Local cut-off time Debit account beneficiary/ correspondent bank Day +1 Day +1 Day +1 Day +1 Debited when Printed and mailed cashed on Day +1 Day+2 Day Cut-off times, OJSC Nordea Bank, Russia, Domestic Note: CET +2 hour applies in Moscow and Saint-Petersburg. Local types Domestic to account (Roubles or foreign currency) Salary All types Payment type MIG Payment to account Payment to account Manual cancellation Local cut-off time Debit account 5 11 beneficiary bank 5 The information about the is available to the beneficiary bank: 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 document to the beneficiary bank by post or by telegraph

26 26(42) Page 7.21 Cut-off times and currency rules, OJSC Nordea Bank, Russia, International Note: CET +2 hour applies in Moscow and Saint-Petersburg. Local types Currency Payment type PAYMUL Ordinary International All currencies 6 Ordinary International to accounts All currencies 12 Ordinary opened with the banks of Nordea Group (Nordea ) Nordea Intercompany All currencies Intercompany All types All currencies 12 Manual cancellation Local Debit account beneficiary/ correspondent bank 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 Cut-off time Bankgiro (BGC) - Autogiro 7 - Autogiro Day 1 Local Cut-off time Day 1 Debit Debtor s account Creditor s account Bankgiro (BGC) - Autogiro (All types) DIRDEB camt.055 Day 1 Day 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.

27 27(42) Page 8.2 Cut-off times for Direct Debit, Nordea Bank Norway Direct debit instructions effected by Nordea Bank Norway Message type DIRDEB pain.008 Nets - Avtalegiro option A 8 - Avtalegiro Day (see option) Nets - Avtalegiro option B 9 - Avtalegiro Day (see option) Nets - Avtalegiro (All types) DIRDEB camt.055 Day 1 Local cut-off time Day (see option) Day (see option) Day 1 Debit Debtor s account Creditor s account 8 Option A: Creditor sends information (notice or invoice) through his bank: Before the last business day of the month. All collections that have 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 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.

28 28(42) Page 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 Nets LeverandørService LS Nets - BetalingsService Nets LeverandørService DIRDEB (or manual cancellation) camt.055 DIRDEB camt Local cut-off time Day Debit Debtor s account Creditor s account 9 Cut-off times for status reports (EDIFACT BANSTA or XML pain.002) 9.1 Cut-off times for status reports for s & 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 - according to chapters 2.6, 2.7, and 2.8 in the Functional Specification for s - 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. From the Message Centre to customer Message type Status reports for s Domestic and International Payments + 2 hours Reflecting day of sent PAYMUL Message Comments Nordea Bank Denmark 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 s in Nordea Bank Finland Domestic Payments + 2 hours Estonia are only sent on Payment day. For Finland the status report Message is normally sent within one hour of the arrival of the Messages Nordea Bank Germany Domestic Payments N/A N/A Status reports for domestic s in Germany are only sent on Payment day. Nordea Bank Great Britain Domestic Payments N/A N/A Status reports for domestic s in Great Britain are sent continuously from 10 Six Danish business days prior to the first day of the coming month (for debit/ day the next month). Direct Debit transactions are not rejected by until three Business Days before the first day of the coming month. However, for transactions received by /Nets in the period between the 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.

29 29(42) Page reception until (and including) Payment day. Nordea Bank Latvia Domestic Payments N/A N/A Status reports for domestic s in Latvia are only sent on Payment day. Nordea Bank Lithuania Domestic Payments N/A N/A Status reports for domestic s in Lithuania are only sent on Payment day. Nordea Bank Norway Domestic and International Payments + 2 hours For Norway the status report Message is normally sent within one hour of the arrival of the Messages. OJSC Nordea Bank, Russia Domestic and International Payments N/A N/A Status reports for all types in Russia are only sent on Payment day. Nordea Bank Sweden - PlusGiro Domestic Payments + 2 hours For PlusGiro - Sweden the status report Message is normally sent within one hour of the arrival of the Messages. Nordea Bank Sweden - BGC Domestic Payments For Sweden the status report Message is sent between and on the day of the arrival of the Message. All Nordea Companies except Denmark, Norway and Russia International Payments N/A N/A Status reports for international s are normally sent within one hour of the arrival of the 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 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 All Nordea Companies from the Message Centre Nets Denmark BGC Sweden Message type BANSTA for DIRDEBor AUTHOR (1) pain.002 for pain.008 pain.012 for pain.009 or pain.011 Direct debits + 1 hour Acknowledgement Message + 1 hour From ACH to Customer Nets Denmark Direct debits + 2 hours Reflecting day of sent DIRDEB or AUTHOR (1) Message or pain.008 pain.009 pain.011 Comments BANSTA, AUTHOR, pain.002 or pain.012 from Message Centre 12 For Denmark the BANSTA Message is normally sent within one hour of the arrival of the DIRDEB Messages. Nets Denmark 13 Acknowledgement N/A N/A Depends on debtor s bank. Message BANSTA or AUTHOR from Message Centre Nets Norway Direct debits N/A N/A Only paper based status report possible BGC Sweden Direct debits For Sweden the BANSTA/pain.002 Message is sent between and 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.

30 30(42) Page 9.3 Cut-off times status report ( 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 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 day. No status report Message is available from Nordea Bank USA. Telephone or 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 date Nordea Bank Denmark Direct debits Day +1 Nordea Bank Estonia Domestic Payments 14 Nordea Bank Finland - Domestic Payments Day Nordea Bank Germany Domestic Payments 14 Day Nordea Bank Great Britain Domestic Payments Nordea Bank Latvia Domestic Payments Nordea Bank Lithuania Domestic Payments Nordea Bank Norway Domestic Payments Nordea Bank Norway Direct debit Payments N/A Only paper based status report possible OJSC Nordea Bank, Russia - Domestic Payments 14 - International s 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 Domestic Payments - For insufficient funds, only paper based status report possible from Bankgiro All Nordea Companies International Payments Status reports for German, and Russian domestic s is always sent on day and will include only rejected s.

31 31(42) Page 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 Nets Denmark Acknowledgement Message Day Nets Norway Acknowledgement Message Day BGC Sweden Acknowledgement Message In response to a registered acknowledgement from Debtor s Bank 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.

32 32(42) Page 10 Cut off times for EDIFACT messages CONTRL, CREMUL, DEBMUL and FINSTA or XML messages pain.002, camt.054 and camt Cut-off times CONTRL/pain.002 From the Message Centre to Customer Nordea s Message Centre hours From the Customer to Message Centre Customer Reflects day of sent EDIFACT/XML Message Comments

33 33(42) Page 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 s listed below indicates the latest expected delivery time. From the Message Centre to Customer Message type CREMUL/camt.054 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 Nets Denmark Direct debit Nordea Bank Estonia - Domestic Payments - International Payments Nordea Bank Finland - Domestic Payments and International Day +1 Payments 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 Nordea Bank Lithuania - Domestic Payments - International Payments Nordea Bank Norway - Domestic Payments - from Nets - within Nordea Norway - Direct debit - International Payments Day Day OJSC Nordea Bank, Russia Domestic & International Payments N/A N/A Nordea Bank Sweden (BGC) - Direct debit - BG-Inbetalnings Service Nordea Bank Sweden (PlusGiro) - International Payments Nordea Bank Sweden - Total IN (Plusgiro) Nordea Bank Sweden Total IN (Plusgiro) All Swedish domestic s Option 1: Deliveries during the day All Swedish domestic s Option 2: Delivery the following day ; & Day 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 Reflects Nordea Company s Booking Day Nordea Bank Denmark Domestic & International Payments Day Bank transfers within Nordea Denmark are booked one day prior to bank transfers from other banks, CREMUL on s received at Nordea Denmark after 16:00 day 0 will not be delievered until day +1, 06: Credit advices/notifications received at Nordea Denmark after 16:.00 day 0 will not be delivered until day +1, 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.

34 34(42) Page Nets Denmark Direct debit Payments Nordea Bank Estonia Domestic & International Payments Nordea Bank Finland Domestic & International Payments Day 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 & International Payments Nordea Bank Lithuania Domestic & International Payments Nordea Bank Norway - Domestic Payments - International Payments OJSC Nordea Bank, Russia Domestic & International Payments N/A N/A Nordea Bank Sweden International Payments Day Nordea Bank Sweden (BGC) - Domestic Payments Information sent approx. five times each day Information sent twice each day Information sent three times each day - Direct Debit (Re-funds) Nordea Bank Sweden (PlusGiro) - Domestic Payments - International Payments Day Day

35 35(42) Page 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 Nordea Bank Denmark Account Statement Day Nordea Bank Estonia Account Statement Day Nordea Bank Finland Account Statement Day Nordea Bank Germany Account Statement Day +1 07:00 Nordea Bank Great Britain Account Statement Day Nordea Bank Latvia Account Statement Day Nordea Bank Lithuania Account Statement Day Nordea Bank Norway Account Statement Day Nordea Bank USA (Canada) Account Statement Day OJSC Nordea Bank, Russia Account Statement Day +1 09:00 Nordea Bank Sweden Account Statement Nordea Bank Sweden Account Statement Day +1 (PlusGiro) Reflects Nordea Company s Booking Day Comments In the Saint-Petersburg branch of OJSC Nordea Bank, Russia cut-off time for the accounts with overdraft facility is Day

36 36(42) Page 11 Bank holidays for all Nordea Companies The tables below show which bank holidays apply for Nordea Companies. These must be observed regarding the s 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: or contact your local cash management adviser or Customer Support in Gothenburg 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 / date Specification 1 January New Year s Day Maundy Thursday Good Friday Easter Monday Prayer Day (Store Bededag) (fourth Friday after Easter) Ascension Day Friday after Ascension Day 5 June Constitution day 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

37 37(42) Page 11.2 Bank holidays in Nordea Bank Estonia Estonian banks are closed every Saturday and Sunday. Other bank holidays in Estonia are as follows: 11.3 Bank holidays in Nordea Bank Finland Bank holidays Estonia Date / date Specification 1 January New Year s Day 24 February Independence Day 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 Banks in Finland are closed on Saturdays and Sundays and on the following public holidays: Bank holidays Finland Date / date Specification 1 January New Year s Day 6 January Epiphany Good Friday Easter Monday 1 May May Day Ascension Day 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 Maundy Thursday December New Year s Eve Usual cut-off applies to domestic s opposite to international s which, must be sent to the Message Centre before CET (local cut-off at CET).

38 38(42) Page 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 / date Specification 1 January 21 New Year s Day Good Friday Easter Monday (May) Ascension Day Whit Sunday 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 / date Specification 1 January 21 New Year s Day Good Friday Easter Monday (May) 22 May Day 21 Whit Sunday (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.

39 39(42) Page 11.6 Bank holidays in Nordea Bank Latvia Latvian banks are closed for business on Saturday and Sunday. Other banking holidays in Latvia are: 11.7 Bank holidays in Nordea Bank Lithuania Bank holidays Latvia Date / date Specification 1 January New Year s Day Good Friday Easter Monday 1 May Labour Day 4 May Independence day 23 June Midsummer Eve 24 June St. John s Day (Midsummer Day) 18 November Proclamation of Republic of Latvia Day 24 December Christmas Eve 25 December Christmas Day 26 December Boxing Day 31 December New Year s Eve Days with reduced working hours Closing time The working day before a national holiday is an hour shorter than usual. 23 See above See above See above Lithuanian banks are closed for business on Saturday and Sunday. Other banking holidays in Lithuania are: Bank holidays in Lithuania Date / date Specification 1 January New Year's Day 16 February Lithuanian Statehood Restoration Day 11 March Lithuanian Independence Restoration Day 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 s will be forwarded on that day to the Baltic 23 The reduced working hours don t affect the usual s.

40 40(42) Page 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 / date Specification 1 January New Year's Day 3rd Monday in January Martin Luther King Day 3rd Monday in President s day February 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 / date Specification 1 January New Year s Day Maundy Thursday Good Friday Easter Monday 1 May Labour Day Ascension Day 17 May Constitution Day, Norway Pentecost Monday 24 December Christmas Eve 25 December Christmas Day 26 December Boxing Day Days with reduced working hours Closing time Day before Maundy Thursday December New Year s eve Cut-off for domestic s at 11:00 CET (local cut-off at 13:00 CET) and for international s at 08:00 CET (local cut-off at 09:00 CET). 25 Cut-off for domestic s as ordinary opening hours. International s: Urgent pmts USD,CAD,GBP,EUR & NOK: CET. Urgent pmts CZK and PLN: CET. Urgent pmts other currencies: CET. Ordinary pmts: CET.

41 41(42) Page 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 The reduced working hours don t affect the usual s.

42 42(42) Page 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 / date Specification 1 January New Year s Day 6 January Epiphany Good Friday Easter Monday 1 May Labour Day (May) Ascension Day 6 June Constitution Day (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 Day before Good Friday 30 April Eve of Labour Day (May) Eve of Ascension Day (always a Friday) Eve of All Saints Day 27 The reduced working hours don t affect the usual s.