Non-residents › Deadlines for the Execution of Payments During the Holidays
Deadlines for the Execution of Payments During the Holidays
18.06.2010
Due to the forthcoming holidays on the 23rd and the 24th of June domestic and international settlement services will be provided as follows:
International payment orders will be accepted for execution on the same banking day, if the payment order reaches the Bank:
- on the 22nd of June before 14:00, if an urgent or extra urgent order reaches the Bank before 12:00. and intra-Group payment order reaches the Bank before 13:00.
Depending on the type of international payment, the value date of the payment will be determined on the 22nd of June as follows:
- extra urgent and intra-Group payment order: 22.06.10
- urgent payment order: 25.06.10
- ordinary payment order and EU-payment: 28.06.10
The 23rd and the 24th of June are public holidays and therefore no international payments will be executed on these days.
Domestic payment orders will be accepted for execution and will be forwarded to the beneficiary’s bank on the same banking day, if the payment order reaches the Bank on the 22nd of June before 17:00. The 23rd and 24th of June are public holidays and no domestic inter-bank payments will be executed on that day. Payment orders which reach the Bank on these days will be forwarded to the beneficiary’s bank on the 25th of June 2010.
Happy holidays!