Request for Transfer Country-specific Instructions Service Description

Transcription

1 Country-specific Instructions Service Description

2 Content 1 General Denmark Clearing Services Nordea Bank Danmark A/S, Copenhagen Account number format Domestic payments International payments Nordea Intercompany payments Germany Clearing services Nordea Bank A/S Niederlassung Frankfurt am Main Account number format Domestic payments International payments Nordea Intercompany payments Norway Clearing services Nordea Bank Norge ASA, Oslo Account number format Domestic payments International payments Nordea Intercompany payments Sweden Clearing services Nordea Bank Sweden AB (publ), Stockholm Account number format Domestic payments Swedish account numbers International payments Nordea Intercompany payments United Kingdom General Clearing services London Branch Account number format Domestic payments International payments Nordea Intercompany payment (MT101) Format Description Definitions... 24

3 - Country-specific Instructions 1 General This service description consists of information and instructions for users of the service via at. (MT101) fields are shown in the matrix at the end of this service description. Please refer to Request for Transfer service description for further information on using. With you can control your payments centrally. Via your own electronic ing system, the solution offers one point of contact and simple access to all your accounts held abroad. The request may include payment instructions, such as intercompany payments, third party domestic or international payments. To ensure smooth processing of the payment and to avoid unnecessary costs it is important to fulfill the format requirements of the executing the payment. Before starting to initiate s, please contact your account serving to obtain information on which payment types are available and what are the information requirements for these payments. This description collects basic information on initiating s to Nordea s foreign units. There are also general requirements for formatting messages. Multi software manages some of these requirements. In the tables below these are marked with N.B. comments. If you use other electronic ing software to initiate, please follow the instructions given by your software vendor. This description will be amended from time to time. Please obtain the latest version from our web site May

4 2 Denmark 2.1 Clearing Services Bank Transfers (UDUS payments) The above transfer type is made as a Transfer with compulsory credit advice. The credit advice is generated automatically by the of the customer. Payments are sent as individual transactions and are shown as individual entries on the ordering customers statement of account. The system is available for remotely initiated payments until 1.00 p.m. CET on the execution day. Usually, the transaction will be at the disposal of the of the customer one ing day after the day of debit. It is customary for few s in Denmark to add one value day to the credit transaction, i.e. a total of maximum 2 ing days after the day of debit. FIK/Giro transfers The joint transfer form FIK/Giro is extensively used due to the fact that the credit transactions can be downloaded to creditors ERP-system and be reconciled to his accounts receivable. The forms contain certain information necessary to direct the transactions correctly, i.e. 2 digit form type code (01, 04, 15, 71, 73, and 75) Payment Identification No. (mandatory for forms 04, and 71 (15 digits), 15, and 75 (16 digits). No Payment Identification No. is used with forms 01, 15, and 73. Creditor Number 8 digits is used with form 71, 73, and 75. Postal Giro Account Number 7 digits is used with form 01, 04, and 15. Additional information is possible with form 01, 73, and 75. Remaining form types 05, 82, 83, and 93 cannot be used due to a requirement of obtaining payers signature and physical forwarding to the payee. The system is available for remotely initiated payments until 1.00 p.m. CET on the execution day. The transaction will be at the disposal of the customer two ing days after the day of debit (Giro payments 3 days after). May

5 2.2 Nordea Bank Danmark A/S, Copenhagen Account number format The account number in Nordea Bank Danmark consists of 14 digits (incl. the clearing-no.) or IBAN 18 digits. Nordea Denmark s SWIFT code is NDEADKKK Domestic payments Transfers between own accounts with Nordea Denmark Denmark Local INTC Day 0 Day 0 Nordea Denmark s SWIFT code Field 57 account number Must be 14 digits or IBAN. Field 59 Third party payment within Nordea Denmark or to another Danish Bank Denmark Local OTHR/DMST Day 0 Day 1 Recommended to use SWIFT BIC code Field 57 account number Must be 14 digits or IBAN. Field 59 May

6 FIK/Giro - allowed only as single MT101 message, i.e. one sequence B (see Format Description) Denmark Local OTHR/FIK/GIRO Day 0 Day 2 account number Remittance information If Postal Giro Number or Creditor number is present in Remittance information field 70 (see below), no account number is allowed in the account number line of field 59. /FIK/ in the first line followed by three elements from a FIK/Giro transfer form being: 1. 2n Card Type values 01, 04, 15, 71, 73 or n/16n Payment reference (if present) 3. 7n Postal Giro Account Number or 8n Creditor Number Reference will be forwarded if accepted together with the card Type used. Please separate the data blocks by a space and do not use the special OCR-characters usually separating the data. Field 59 Field 70 May

7 2.2.3 International payments Ordinary cross-border payment Denmark Local benef. Bank Day 0 Day 1 (Nordea) (1) Day 2 Must be present. Recommended to use SWIFT BIC code Field 57 (1) Apply to the following currencies DKK, EEK, EUR, GBP, LTL, LVL, NOK, PLN, SEK, SGD and USD in Nordea. Urgent cross-border payment URGP ($, ) (others) Denmark Local (, $) (others) Day 0 Day 1 benef. Bank Day 0 Day 1 Must be present. Recommended to use SWIFT BIC code Field Nordea Intercompany payments Cross-border transfer to own account within Nordea Denmark Local INTC (1) Day 0 Day 0 SWIFT BIC code of a Nordea unit Field 57 (1) Apply to the following currencies DKK, EEK, EUR, GBP, LTL, LVL, NOK, PLN, SEK, SGD and USD in Nordea. May

8 3 Germany 3.1 Clearing services In Germany the majority of domestic non-cash payments are effected through the RTGSplus (Real Time Gross Settlement) or for mass payments the DTA (Daten Träger Austausch) system. All payments are based on the 8- digit BLZ (Bankleitzahl) or S.W.I.F.T. / BIC-Code and they are running through German Centrals account. DTA (Datenträgeraustausch) DTA is the payment system used for high volume, low value EUR payments e.g. salaries and purchase ledger. The DTA system can be used for both crediting and debiting accounts. Day 0 Day 1 Day 2 Submission of file Processing day Payment day account is credited RTGSplus (Real Time Gross Settlement) RTGSplus is the German same day irrevocable payment system and is available from 8:00 until cut-off at 17:45 for to payments and 16:45 for customer payments local time. RTGSplus payments are sent as individual payments through the system. RTGSplus payments are relatively expensive compared to DTA. RTGSplus payments are used for high value same day payments such as 1. FX and Money Market deals 2. Large commercial payments such as property completions. May

9 3.2 Nordea Bank A/S Niederlassung Frankfurt am Main Account number format The account number in Nordea Germany consists of 10 digits. All payment instructions should have the debit account stated with the full length. Nordea Germany s SWIFT code is NDEADEFF Domestic payments Transfers between own accounts with Nordea Germany Germany Local INTC Day 0 Day 0 Nordea Germany s SWIFT code Field 57 account number 10 digits is acceptable Field 59 Third party payment within Nordea Germany or to another German Germany Local OTHR/DOMESTIC Day 0 Day 1 Recommended to use SWIFT BIC code Field 57 Urgent domestic payment to another German Germany Local URGP Day 0 Day 0 Recommended to use SWIFT BIC code Field 57 May

10 3.2.3 International payments Ordinary cross-border payment Germany Local OTHR/INTL TRF Day 0 Day 2 Must be present. Recommended to use SWIFT BIC code Field 57 Urgent cross-border payment Germany Local URGP Day 1 Day 0 (1) Day 1 Day 0 (1) Must be present. Recommended to use SWIFT BIC code Field 57 (1) EUR transfers within the Euro zone Nordea Intercompany payments Cross-border transfer to own account within Nordea Germany Local INTC Day 0 (1) Day 0 (1) Day 2 (2) Day 2 (2) SWIFT BIC code of a Nordea unit Field 57 (1) Apply to the following currencies DKK, EUR, GBP, NOK, SEK, and USD. (2) Apply to other currencies. May

11 4 Norway 4.1 Clearing services In Norway the majority of domestic non-cash payments are effected through the giro system. The giro system includes payments to and from and postgiro accounts. The Norwegian account number structure is standardised and consists of 11 digits specifying both the and the customer. The first four digits specify the and the branch. BBS (The Giro System) The giro system is operated by Bankenes Betaling Sentral A/S (BBS), a -owned subcontractor of payment processing services. All s in Norway participate in the BBS-System. It functions as an Automated Clearing House (ACH). Payments are transferred through the system from an account with one to an account with another. Payments are made in NOK only. A Norwegian giro number and /post account number are identical. BBS sends credit and debit advice, respectively, to the customers. KID numbers (Customer Identification Number) are used in invoices. The s name and address will not be carried through the BBS clearing, if the KID No. is used. The system can be used for all types of payments in NOK to beneficiaries with or without a domestic or postal account number. The cut-off time is CET on day one. The system works on the following cycle: Day 0 before 13:00 CET Day 0 Nordea Bank Norge receives Processing Day MT101 s, creates a file and submits the file to BBS A/c debited, s credited and s account credited. Included in the end-of-day settlement between s. Day 0 after 13:00 CET Day 1 Nordea Bank Norge receives Processing Day MT101 s, creates a file and submits the file to BBS A/c debited, s credited and s account credited. Included in the morning settlement between s. SWIFT (Express payment clearing) Domestic express payments are settled via SWIFT. May

12 4.2 Nordea Bank Norge ASA, Oslo Account number format The account number in Nordea Bank Norge consists of 11 digits. All payment instructions should have the debit account stated with the full length. Nordea Norways s SWIFT code is NDEANOKK Domestic payments Transfers between own accounts with Nordea Bank Norway Norway Local INTC Day 0 Day 0 account number 11 digits. Accounts with Nordea Bank Norge start with 6xxx. Field 59 Payment via BBS Norway Local Day 0 Day 0 account number Remittance Information Optional. This field will be ignored when the transaction is sent through the domestic clearing system (BBS). 11 digits Beneficiary s account number will identify Beneficiary s. A cheque will be issued if no account number is stated. May contain a KID No. in the following way: /KID/xxxxxxxxx Mandatory for payment of tax and duties. Field 57 Field 59 Field 70 Urgent domestic payment via SWIFT Norway Local URGP Day 0 Day 0 SWIFT BIC code in field 57 mandatory. Field 57 account number 11 digits Field 59 May

13 4.2.3 International payments Ordinary cross-border payment with conversion Norway Local Ben. Bank Day 0 Day 1 (Nordea) Day 2 Please refer to Nordea Bank Norge s Terms and Conditions Corporate Customers for detailed information on currencies and cut-off times Recommended to use SWIFT BIC code Field 57 Ordinary cross-border payment without currency conversion Norway Local ($,, ) (other) Day 1 Day 2 benef. Bank Day 1 (Nordea) Day 2 Recommended to use SWIFT BIC code Field Nordea Intercompany payments Cross-border transfer to own account within Nordea Norway Local INTC (1) Day 0 Day 0 SWIFT BIC code of a Nordea unit Field 57 (1) Apply to the following currencies DKK, EEK, EUR, GBP, LTL, LVL, NOK, PLN, SEK, SGD and USD in Nordea. May

14 5 Sweden 5.1 Clearing services In Sweden the majority of domestic non-cash payments are effected through the two giro-systems, Bankgiro and PlusGirot. BGC (The Bank Giro System) PlusGirot The Bankgiro System is operated by Bankgirocentralen AB (BGC), a -owned subcontractor of payment processing services. All s in Sweden participate in the Bankgiro System. It functions as an Automated Clearing House (ACH). Payments are transferred through the Bankgiro System from an account in one to an account in another. Commercial payments are however never made to a account number, the account number is substituted by a Bankgiro identification number. Payments can be made in SEK and EUR. BGC sends the customer daily details of all incoming and outgoing payments. The Bankgiro systems can be used for payments to Bankgiro numbers, payments to beneficiaries with a valid Swedish account number and also for the payment of taxes. The cut-off time is CET on day zero. The overall clearing cycle of the system: Day 0 Day 1 Day 2 The receives MT101 s, create a file and submit the file to BgC, a/c debited Beneficiary s credited Beneficiary s a/c credited The PlusGirot is part of Nordea Bank Sweden AB (publ). It functions as an Automated Clearing House (ACH). Payments are transferred through the PlusGirot from or to a PlusGiro account. Payments can be made in SEK and EUR. PlusGirot sends the customer daily details of all incoming and outgoing payments. The Bankgiro systems can be used for payments to PlusGiro accounts. The cut-off time is CET on day zero. The overall clearing cycle of the system: Day 0 Day 1 Day 2 The receives MT101 s, A/c debited Beneficiary s credited Beneficiary s a/c credited May

15 5.2 Nordea Bank Sweden AB (publ), Stockholm Account number format Debit account should state account number (11 digits) and currency code (3 letters). For example: SEK. Nordea Sweden s SWIFT code is NDEASESS Domestic payments Transfers between own accounts with Nordea Bank Sweden Sweden Local INTC Day 0 Day 0 account number Own IBAN account in Nordea Bank Sweden Field 59 Payment to Bankgiro number Sweden Local OTHR/BANKGIRO Day 0 Day 1 benef. Bank SWIFT BIC code BGABSESS Field 57 Beneficiary information With Bankgiro number Line 1: Bankgiro number always 7 or 8 digits, formatted as xxx-xxxx or xxxx-xxxx. Name and address are not mandatory. Field 59 Remittance Information May contain a OCR No. in the following way: xxxxxxxxx Field 70 Payment via PlusGirot Sweden Local OTHR/PLUSGIRO Day 0 Day 1 benef. Bank SWIFT BIC code NDEASESS Field 57 Beneficiary information IBAN number Field 59 May

16 Payment to account number Sweden Local benef. Bank Day 0 Day 1 (11.00 amt < SEK 100,000) SWIFT BIC code mandatory, please see list below Field 57 information With Account number Line 1: IBAN number Line 2: name Line 3: street or box address Line 4: 5 digit postal code and city Field 59 Remittance Information May contain free text (not if amount less than SEK 100,000, account outside Nordea) Field Swedish account numbers The following s have account numbers containing 4 character clearing code and 7 characters account number: Bank Clearing code BIC code Nordea Bank Sweden NDEASESS Danske Bank (Östgöta Enskilda Bank) DABASESX Nordea Bank Sweden NDEASESS Nordea Bank Sweden NDEASESS Nordea Bank Sweden NDEASESS Matteus (JP Bank) JPBKSESS Nordea Bank Sweden NDEASESS Länsförsäkringar WASA Bank Aktiebolag ELLFSESS Nordea Bank Sweden NDEASESS Nordea Bank Sweden NDEASESS S E B ESSESESS FöreningsSparen SWEDSESS Länsförsäkringar WASA Bank Aktiebolag ELLFSESS Okoen OKOYSESX Citi International Plc, Sweden Branch CITISESX HSB Bank no BIC cod Länsförsäkringar WASA Bank Aktiebolag ELLFSESS Banque Indosuez Stockholm Branch BSUISESS ABN AMRO BANK (Sverige) ABNASESS Midland Bank plc, Stockholm Branch MIDLSESX S E B ESSESESS Dresdner Bank AG Stockholm Branch DRESSESX S E B ESSESESS SkandiaBanken SKIASESS IKANO Banken via HANDSESS Den norske Bank AS, filial Sverige DNBASESX Stadshypotek Bank via HANDSESS SalusAnsvar Bankaktiebolag STOCKHOLM no BIC code May

17 The following s have account numbers containing 10 characters: Nordea Bank Sweden personkonto which is constructed by using the account holder s date of birth: yymmddxxxx (year, month, date and four characters) ex BIC code NDEASESS. Danske Bank has account numbers containing 10 characters and must be preceded by 604 so that it makes 13 characters. BIC code DABASESX The following has account numbers containing 4 character clearing code and 9 character account number: Handelsen BIC code:handsess ex must be stated as: The following s have account numbers containing 5 character clearing code and up to 10 character account number: FöreningsSparen 8000x BIC code: SWEDSESS (if the account number has less than 15 characters please fill with zeros after the five character clearing code so that it makes 15 characters in total) If account numbers are not formatted correctly as described above but Nordea Bank Sweden is able to process the payment manually, Nordea Bank Sweden will charge for non-stp transactions. May

18 5.2.4 International payments Ordinary cross-border payment Sweden Local benef. Bank Day 0 Day 1 (Nordea) Day 2 SWIFT BIC code Field 57 Urgent cross-border payment URGP Sweden Local EUR,USD (GBP, SEK, NOK, DKK, CHF, CAD, JPY, PLN, EEK, LVL, LTL, CZK, HKD, ZAR, NZD, SGD) (other) Day 0 Day 0 Day 0 benef. Bank Day 1 Day 1 Day 2 SWIFT BIC code Field Nordea Intercompany payments Cross-border transfer to own account within Nordea Sweden Local INTC (1) Day 0 Day 0 benef. Bank SWIFT BIC code of a Nordea unit Field 57 (1) Apply to the following currencies DKK, EEK, EUR, GBP, LTL, LVL, NOK,, SEK, and USD in Nordea. May

19 6 United Kingdom 6.1 General Clearing services BACS (Bankers Automated Clearing System) BACS is a UK payments system used for high volume, low value GBP payments e.g. salaries and purchase ledger. The BACS system can be used for both crediting and debiting accounts. BACS payments are transmitted in a file containing a number of payments with the total value of the file debited to the customers account. BACS works on the following cycle: Day 0 Day 1 Day 2 Submission of file Processing day Payment day account is credited BACS clearing only allows one line of 18 characters of payment details. Therefore, it is common practice when paying through BACS for the remitter to send a mail remittance advice directly to the. CHAPS (Clearing House Automated Payments System) CHAPS is the UK same day irrevocable GBP payments system and is available from 8.30 until cut-off at local time. CHAPS payments are sent as individual payments through the system. CHAPS payments are relatively expensive compared to BACS. CHAPS payments are used for high value same day value payments such as 1. FX and Money Market deals 2. Large commercial payments such as property completions. May

20 6.2 London Branch Account number format The account number in London Branch consists of 10 digits. All the payment instructions should have the debit account stated with the full length including leading zeros, e.g Most of the s in UK quote 8 digits account number. Therefore 8 digits must be quoted for credit account to other UK s. Nordea London SWIFT code is NDEAGB2L Domestic payments Domestic Payment via BACS U.K. Local OTHR/BACS Day 2 Day 2 Requested Execution Date The day when the payment is to be credited to. BACS operates on a two (2) ing days clearing, i.e. the payment will be released to BACS clearing two ing days before the Requested Execution Date. Field 30 Currency Only GBP Field 32B Bank Use only the s s Sort Code, e.g. //SC N.B. // created by Multi Field 57 Remittance Information Details of Charges Maximum of 18 characters. Extra characters will be truncated. OUR - if the payment needs to be made in full Field 70 Field 71A May

21 Domestic Payment via CHAPS U.K. Local Day 0 Day 0 Requested Execution Date The day when the payment is to be credited to. Field 30 Currency Only GBP Field 32B Use only the s s Sort Code, e.g. Field 57 Bank //SC N.B. // created by Multi Remittance Information 4 * 35 characters. Field 70 Details of Charges OUR - if the payment needs to be made in full BEN - if all transaction charges are to be borne by the Field 71A Transfer between own accounts within London Branch U.K. Local INTC Day 0 Day 0 Requested Value date Field 30 Execution Date NDEAGB2L Field 57A Bank Format must be 10 digits. Field 59 a/c number Details of Charges OUR only Field 71A Domestic cheque payment U.K. Local CHQB Day 0 N/A Requested Execution date Field 30 Execution Date Beneficiary name and address Field 59 information Details of Charges OUR BEN Field 71A May

22 6.2.3 International payments Cross border payment outside Nordea or to other U.K. Local (,, $) (other main) Day 0 Day 2 Day 0 Day 2 Requested Value date Field 30 Execution Date Preferred to use the SWIFT BIC code 57A Nordea Intercompany payment Cross-border transfer to own account within Nordea U.K. Local INTC (1) Day 0 Day 0 Requested Value date Field 30 Execution Date SWIFT BIC code of a Nordea unit 57A Details of Charges OUR BEN Field 71A (1) Apply to the following currencies DKK, EEK, EUR, GBP, LTL, LVL, NOK, PLN, SEK, SGD and USD in Nordea. May

23 7 (MT101) Format Description Status Tag Field Name Content/Options No. Mandatory Sequence A Common Elements M 20 Sender s Reference 16x 1 O 21R Customer Specified Reference 16x 2 M 28D Message Index/Total 5n/5n 3 O 50a Instructing Party C or L 4 O 50a Ordering Customer G or H 5 O 52a Account Servicing Institution A or C 6 O 51A Sending Institution A 7 M 30 Requested Execution Date 6!n 8 O 25 Authorisation 35x > Mandatory Repetitive Sequence B Transaction Details M 21 Transaction Reference 16x 10 O 21F F/X Deal Reference 16x > O 23E 4!c [/30x] M 32B Currency/Transaction Amount 3!a15d 13 O 50a Instructing Party C or L 14 O 50a Ordering Customer G or H 15 O 52a Account Servicing Institution A or C 16 O 56a Intermediary A, C or D 17 O 57a Account With Institution A, C or D 18 M 59a Beneficiary A or no option letter 19 O 70 Remittance Information 4*35x 20 O 77B Regulatory Reporting 3*35x 21 O 33B Currency/Original Ordered Amount 3!a15d 22 M 71A Details of Charges 3!a 23 O 25A Charges Account /34x 24 O 36 Exchange Rate 12d M = Mandatory, O = Optional May

24 8 Definitions Local cut-off time Local Finnish time, CET + 1. The time the instruction needs to be accepted by the service at Nordea Bank Finland to ensure that the instruction is passed onwards to reach the cut-off time of the executing. The average time for the instruction to reach the executing is 5-15 minutes. In this document a half an hour time has been reserved. The time the instruction needs to be accepted by the Executing Bank in order to ensure the terms and conditions for that payment type. Day Day 0 = the day the instruction is accepted by Nordea Bank Finland s service Day 1 = next ing day Day 2 = next ing day to day 1 May