GENERAL TERMS & CONDITIONS FOR CORRESPONDENT BANKS DNB BANK ASA

Transcription

1 GENERAL TERMS & CONDITIONS FOR CORRESPONDENT BANKS DNB BANK ASA

2 GENERAL TERMS & CONDITIONS Effective from 1st of October 2015 ACCOUNT CONDITIONS Account Maintenance fee per month: NOK 250 Credit interest: Debit interest: Subject to agreement Temporary overdrafts are charged according to an agreed base rate plus a margin, and may be changed without prior notice. DNB Bank s base rate is NOWA Norwegian Overnight Weighted Average. NOWA is defined as a weighted average of interest rates set in agreements concluded by a panel of banks for unsecured overnight loans in NOK. NOWA can be found on Interest is calculated on the basis of 365/365 days. Set Off Failing a contrary agreement, the Bank may set off any obligations owed to it by the Account Holder against the balance on any of the Account Holder s accounts. The Bank may in all events set off the balance(s) on the account(s) against any claim ensuing from a criminal offense. The Bank may exercise its right of retention (block the account) on the same conditions that apply for set off. This shall apply even if the obligations and the Account Holder s accounts are nominated in different currencies or the obligations have not become due and payable. Set off in different currencies will be calculated in good faith in accordance with s currency exchange rate at the time set off is exercised. Unless the law otherwise requires, the Bank is not obliged to give prior notice to the Account Holder of any exercise of its right of set off. KYC / AML Bank relationships of DNB must at all times comply with both local and internationally accepted KYC and AML rules (The Wolfsberg Principles). DNB does not accept banking with shell banks, nor any other breaches on established KYC and AML rules and principles. All correspondent banks must adhere to Norwegian and international sanctions. Any breach may result in immediate closure or freeze of the account. Governing law The accounts are established in accordance with and shall be governed by Norwegian law. The Account Holder accepts the City Court of Oslo as the court of venue. Reporting MT 950 / MT 940 Unless otherwise agreed, statement will only be generated if there has been movement on the account during the period. NOK 25 MT 941 / MT 942 NOK 15 MT 900 / MT 910 NOK 10 MT 210 By arrangement /15 CL Statement Inquiries Written inquiries concerning account items must include transaction details and should be received within 3 months after the statement date. 2

3 Audit reporting Balance report NOK 250 Complete report NOK 1,400 INTERBANK PAYMENTS (MT 202 / MT 202 COV) Debits MT202 (STP): NOK 25 Debits MT202 repaired: NOK 50 Debits MT202 COV: NOK 30 Debits MT202 COV repaired: NOK 60 Amendments and Cancellations Guaranteed, if received by MT292 before C.E.T. on value date: No charge Received after C.E.T. on value date: NOK 750 Back-valuations All back-valuations, up to three months Handling fee: NOK 750 plus interest Cut-off times/value dating Received by SWIFT before C.E.T.: Book transfers received before C.E.T.: On value date On value date Transfers received before C.E.T. may be executed on a best effort basis. Cut-off times are only guaranteed for transfers formatted according to our STP criteria. Expenses Courier, postage, SWIFT, telefax and other sundry expenses will be charged to the customer. Investigations Up to 6 months: NOK 300 More than 6 months after entry: NOK 1,200 Transactions entailing extra work are subject to additional charges. COMMERCIAL PAYMENTS (MT 103 / MT 103+) Clients of DNB Bank PSD transfers (SHA): Standard transfers (SHA/BEN): Free of charge Free of charge For ordering banks holding a NOK account in our books: Standard transfers (OUR): NOK 50 for transfers < NOK 5,000 NOK 100 for transfers > NOK 5,000 The fee will be debited the account without specific advice or accumulated and debited on a monthly/quarterly basis. For ordering banks not holding a NOK account in our books: 3

4 The equivalent of NOK 100 will be charged in the currency concerned and collected via MT 191. Clients of other banks in Norway PSD transfers (SHA). Intermediary fee: The fee will be accumulated and debited on a monthly/quarterly basis. Standard transfers (OUR): Clients of banks outside Norway Standard transfers (OUR): NOK 15 NOK 50 for transfers < NOK 5,000 NOK 100 for transfers > NOK 5,000 NOK 50 for transfers < NOK 5,000 NOK 100 for transfers > NOK 5,000 plus any additional fee charged by the foreign bank Serial payments (BEN/SHA) NOK 100* * Charged separately. Repairs OUR/BEN/SHA, additional charge if incorrectly formatted according to our STP criteria. The fee will be accumulated and debited on a monthly/quarterly basis NOK 50 For ordering banks not holding a NOK account in our books: The fee will be collected via MT191. For banks in EEA EUR 10 For banks outside EEA USD 15 Investigations Up to 6 months after entry: NOK 300 More than 6 months after entry: NOK 1,200 Transactions entailing extra work are subject to additional charges. Amendments and cancellations Amendments and cancellations: NOK 500 Return of payment orders that cannot be applied NOK 200 Cut-off times Transfers received by SWIFT: Transfers in favour of DNB s clients: C.E.T C.E.T. Transfers received before C.E.T. will be executed on a best effort basis. Cut-off times are only guaranteed for transfers formatted according to our STP criteria. Value dating PSD transfers: Non-PSD transfers: Value same day Value next business day 4

5 CUT-OFF TIMES AND VALUE DATES FOR FOREIGN CURRENCIES Incoming Outgoing Value date EUR (EBA/TGT) C.E.T C.E.T Same day EUR NOSTRO C.E.T C.E.T. Same day USD C.E.T C.E.T. Same day CAD C.E.T C.E.T. Same day GBP C.E.T C.E.T. Same day SEK C.E.T C.E.T. Same day DKK C.E.T C.E.T. Same day CHF C.E.T C.E.T. Same day Remarks Norwegian commercial and savings banks account numbers consist of 11 digits, of which the first four digits indicate the bank and branch where the account is held. IBAN consists of 15 characters, with ISO country code NO and 2 check digits in front and the 11- digit account number. Please note that messages containing other than A sequences in field 52,53,54,55,56 and 57 will be processed as non-stp. Field 53 can contain A and B sequences. You may generate the Norwegian IBAN number based on BBAN for customers in Norway if you visit the Internet address on DNB BANK ASA STP REQUIREMENTS MT 202 Status Tag Field Name Content/Options M 20 Transaction Reference Number Standard Swift format M 21 Related Reference Standard Swift format O 13C Time Indication Standard Swift format M 32A Value Date/Currency/Inter Bank Settled Amount Standard Swift format O 52A Ordering Institution A or D O 53A Sender's Correspondent BIC and ACC A O 53B Sender's Correspondent ACC B O 54A Receiver's Correspondent A O 56A Intermediary Institution A O 57A Account With Institution A M 58A Beneficiary Institution A O 72 Sender to Receiver Information Only structured code words that have been bilaterally agreed with will be accepted as STP. All other information in this field will cause non-stp processing M = Mandatory O = Optional NB! Information in other fields, mandatory or optional, in the MT202 format will be treated according to the SWIFT Standards and will not cause non-stp processing in our systems. DNB BANK ASA STP REQUIREMENTS MT 202 COV Status Tag Field Name Content/Options Mandatory Sequence A General Information M 20 Transaction Reference Number Standard SWIFT format 5

6 Status Tag Field Name Content/Options M 21 Related Reference Standard SWIFT format -----> O 13C Time Indication Standard SWIFT format M 32A Value Date, Currency Code, Amount Standard SWIFT format O 52A Ordering Institution A O 53A Sender's Correspondent A O 54A Receiver's Correspondent A O 56A Intermediary A O 57A Account With Institution A M 58A Beneficiary Institution A 72 Sender to O Receiver Information Only structured code words that have been bilaterally agreed with will be accepted as STP. All other information in the field will cause non STP-processing End of Sequence A General Information Mandatory Sequence B underlying customer credit transfer details M 50A Ordering Customer A, F, or K O 52A Ordering Institution A or D O 56A Intermediary Institution A, C, or D O 57A Account With Institution A, B, C, or D M 59A Beneficiary Customer No letter option or A O 70 Remittance Information Standard SWIFT format O 72 Sender to Receiver Information Standard SWIFT format O 33B Currency/Instructed Amount Standard SWIFT format End of Sequence B underlying customer credit transfer details M = Mandatory O = Optional DNB BANK ASA STP REQUIREMENTS MT 103 Status Tag Field Name Content/Options M 23B Bank Operation Code CRED M 32A Value Date/Currency/Inter Bank Settled Amount Standard Swift format O 33B Currency/Instructed Amount Standard Swift format O 36 Exchange Rate Standard Swift format M 50A Ordering Customer A, F or K * O 52A Ordering Institution A O 53A Sender's Correspondent A or B O 54A Receiver's Correspondent A O 55A Third Reimbursement Institution A O 56A Intermediary Institution A O 57A Account With Institution A M 59A Beneficiary Customer Valid IBAN M 71A Details of Charges Standard Swift format O 71G Receiver's Charges Please include our charges in field 71G according to our Terms & Conditions 6

7 Status Tag Field Name Content/Options O 72 Sender to Receiver Information Only structured code words that have been bilaterally agreed with will be accepted as STP.Return/reject of payments must contain structured code words /RETN/ or /REJT/ in field 72. All other information in this field will cause non-stp processing. M = Mandatory O = Optional * In accordance with EU Regulation 1781/2006, field 50 must be filled in with account number or other ID, full name and address of the ordering customer. NB! Information in other fields, mandatory or optional, in the MT103 format will be treated according to the SWIFT Standards and will not cause non-stp processing in our systems. Please include OUR charges in field 71G (according to Terms & Conditions). OUR charges should also be added to the instructed amount in field 32A. DNB BANK ASA STP REQUIREMENTS MT 103+ Status Tag Field Name Content/Options M 23B Bank Operation Code CRED M 32A Value Date/Currency/Inter Bank Settled Amount Standard Swift format O 33B Currency/Instructed Amount Standard Swift format O 36 Exchange Rate Standard Swift format M 50A Ordering Customer A, F or K * O 52A Ordering Institution A O 53A Sender's Correspondent A or B O 54A Receiver's Correspondent A O 55A Third Reimbursement Institution A O 56A Intermediary Institution A O 57A Account With Institution A M 59A Beneficiary Customer Valid IBAN M 71A Details of Charges Standard Swift format O 71G Receiver's Charges Please include our charges in field 71G according to our Terms & Conditions O 72 Sender to Receiver Information Must not be used in MT103+ format M = Mandatory O = Optional * In accordance with EU Regulation 1781/2006, field 50 must be filled in with account number or other ID, full name and address of the ordering customer. NB! Information in other fields, mandatory or optional, in the MT103 format will be treated according to the SWIFT Standards and will not cause non-stp processing in our systems. Please include OUR charges in field 71G (according to Terms & Conditions) OUR charges should also be added to the instructed amount in field 32 A Only payment instructions sent by authenticated SWIFT will be considered valid, i.e. payment orders sent by SWIFT MT910, or telefax will not be accepted. If a payment order has been executed or advised to the beneficiary, a request for cancellation is dependent on the consent of the beneficiary, even if the request for cancellation is received prior to the value date. 7

8 CHEQUES Cash Letter Service Cheques for immediate credit subject to final payment Cheques in NOK drawn on DNB Bank ASA or another Norwegian Bank Free of charge Cheques in foreign currency drawn on or another Norwegian Bank, fee per cheque NOK 50 Cheques remitted for collection (after final payment) Cheques in NOK and foreign currency drawn on or another Norwegian Bank, fee per cheque NOK 450 Return of unpaid cheques, fee per cheque NOK 150 Stop payment NOK 300 requires an MT110 for each cheque issued. DOCUMENTARY CREDITS Export Letter of Credit Advising Commission NOK 1,000 (NOK 1,500 if documents are not presented with us) Amendment commission NOK 500 Documentary commission 0.275% Confirmation/Acceptance - case by case basis Min. NOK 800 Min. NOK 800 Reimbursements NOK 1,000 Expenses Postage and courier costs are charged in addition to the above DOCUMENTARY COLLECTIONS Handling commission 0.40% Acceptance commission 0.10% Min. NOK 400 Max. NOK 3,000 Min. NOK 200 Max. NOK 1,000 Amendment commission NOK 200 Return commission NOK 300 Release of goods related to a collection item NOK 500 Expenses Postage and courier costs are charged in addition to the above 8

9 GUARANTEES Arrangement fee NOK 1,000 Risk Commission Case by case basis Advising Commission NOK 1,000 Expenses Postage and courier costs are charged in addition to the above CUSTOMER SERVICE NOK Clearing Client Service Tel CLS Branch Tel Fax Commercial Payment Investigations Investigations Tel Payments (incoming and bank to bank) Tel Account Services / Maintenance Tel servicedesk.ikk2@dnb.no Cash Letter Tel sjekkavregning@dnb.no Financial Institutions Department IFI@dnb.no Documentary credits tradefinance@dnb.no Documentary collections collections@dnb.no Guarantees int.guarantees@dnb.no Enquiries should preferably be sent by SWIFT: DNBANOKK reserves the right to effect alterations and amendments. BRANCHES Denmark, Copenhagen, Øresund Copenhagen Branch Arne Jacobsens Allé 15, DK-2300 Copenhagen S, Denmark Tel SWIFT: DNBADKKX Finland, Helsinki Helsinki Branch Urho Kekkosen katu 7B, 5krs, FI Helsinki, Finland Tel SWIFT: DNBAFIHX Sweden, Stockholm, Gothenburg, Malmø Stockholm Branch Mailing address: P.O. Box 3041, SE Stockholm Visiting address: Regeringsgatan 59, Stockholm Tel SWIFT: DNBASESX Gothenburg Branch Lilla Bommen1, SE Gothenburg Tel Malmø Branch Jungmansgatan, 12 SE Malmø Tel United Kingdom London London Branch 25 Walbrook London EC4N 8AF, United Kingdom Tel SWIFT: DNBAGB2L Germany, Hamburg Hamburg Branch Mailing address: Postfach , DE Hamburg, Germany Visiting address: Neuer Wall 72, Hamburg Tel SWIFT: DNBADEHX Singapore Singapore Branch 8 Shenton Way, #48-02, Temasek Tower, Singapore Tel SWIFT: DNBASGSG 9

10 China, Shanghai Shanghai Branch 901 Shanghai Central Plaza, 381 Huai Hai Zhong Lu Shanghai P.R. China Tel SWIFT: DNBACMSH Chile, Santiago DNB Group Agencia en Chile Magdalena 140, 19th Floor Las Condes, Santiago, Chile Tel U.S.A., New York New York Branch 200 Park Avenue 31st floor New York, NY , USA Tel SWIFT: DNBAUS33 SUBSIDIARIES Poland, Warsaw Bank DNB Polska S.A. Ul. Postepu 15C Warsaw Tel SWIFT: MHBFPLPW Luxembourg DNB Luxembourg S.A. Mailing address: P.O.Box 867, L-2018 Luxembourg Visiting address: 13 rue Goethe, Luxembourg Tel SWIFT: UBNLLULL Russia, Murmansk JSC DNB Bank Lenina Avenue 14, Murmansk, Russia Tel Fax SWIFT: DNBARU2M Estonia, Tallin, Tartu AS DNB Pank Tartu mnt. 10, Tallinn, Estonia Tel Fax SWIFT: RIKOEE22 Lithuania, Vilnius AB DNB Bankas J. Basanaviciaus str.26, Vilnius-6 Tel Fax SWIFT: AGBLLT2X ^ Latvia, Riga AS DNB Banka Skanstes iela 12 LV-1013 Riga Tel SWIFT : RIKOLV2X REPRESENTATIVE OFFICES USA, Houston Three Allen Center 333 Clay Street Suite 3950 Houston, Texas 77002, USA Tel Brazil, Rio de Janeiro, Mailing address: Caixa Postal 1620, CEP Rio de Janeiro, RJ Brazil Visiting address: Rua Lauro Muller, 116, Suite 3108, Botafogo, Rio de Janeiro Tel Tel Greece, Athens 38, Patriarcho Ioakim Street, 1st floor GR-Athens Tel India, Mumbai Office no. 35, 3rd floor Maker Chambers VI, Nariman Point Mumbai , India Tel Fax

11 DNB BANK ASA Oslo Head Office Visiting address: Dronning Eufemias gate 30, Oslo Postal address: P.O.Box 1600, NO-0021 Oslo Transactions by SWIFT to : Commercial Payments: DNBANOKK Settlement FX & MM: DNBANOKX Settlement CLS: DNBANOKXCLS Custody: DNBANOKC CLS Branch: Tel Fax cls@dnb.no 11