Non-residents › Deadlines for the Execution of Payments During the Holidays
Deadlines for the Execution of Payments During the Holidays
16.08.2010
Due to the forthcoming holidays on the 20th of August 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 19th of August before 16:00, if an urgent or extra urgent order reaches the Bank before 14:00. and intra-Group payment order reaches the Bank before 15:00.
Depending on the type of international payment, the value date of the payment will be determined on the 19th of August as follows:
- extra urgent and intra-Group payment order: 19.08.10
- urgent payment order: 23.08.10
- ordinary payment order and EU-payment: 24.08.10
The 20th of August is public holiday and therefore no international payments will be executed on that day.
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 19th of August before 17:00. The 20th of August is public holiday and no domestic inter-bank payments will be executed on that day. Payment orders which reach the Bank on that day will be forwarded to the beneficiary’s bank on the 23rd of August 2010.
Happy holidays!