Standards in Payments
The Society for Worldwide Interbank Financial Telecommunication (SWIFT) provides a network that enables financial institutions worldwide to send and receive information about financial transactions in a secure, standardized and reliable environment. Gazprombank (Switzerland) Ltd is a SWIFT compliant financial institution.
Cut-off Times
In fulfilment of our commitment to provide exceptional banking services, please be informed that we implemented following conditions with regard to current account relations:
- All payment orders exceeding the available credit balance shall be kept unexecuted until the relevant account is credited with sufficient funds or arrangements for an overdraft facility are made. If no overdraft facility arrangements are made and the account is not credited with sufficient funds within 3 working days since the receipt of the order, the payment order shall be automatically cancelled and deemed void.
- The outgoing payment cut-off times can be found in the table below*
| Region | Currency Code | Currency by Country | Order from the Client |
|---|---|---|---|
| Switzerland | CHF | Swiss Franc | 14:00 |
| Europe | EUR GBP CZK DKK NOK PLN SEK | Euro British Pound Czech Koruna Danish Krone Norwegian Krone Polish Zloty Swedish Krona | 13:30 13:30 8:30 (1 day in advance) 11:00 11:00 9:30 11:00 |
| Russian Federation | RUB | Russian Ruble | 8:30 |
| Americas | CAD USD | Canadian Dollar US Dollar | 13:30 13:30 |
| Asia | AED AUD JPY CNY | UAE Dirham Australian Dollar Japanese Yen Renminbi | 13:30 (1 day in advance) 8:30 (1 day in advance) 8:30 (1 day in advance) 16:00 (1 day in advance) |
| Africa | ZAR | South African Rand | 16:00 (1 day in advance) |
All payment orders received after a relevant cut-off time shall be executed with value date the following working day. However, if a need should arise to execute payments after relevant cut-off times on regular basis, extended cut-off times could be considered, subject to individually discussed tariffs.
Bank Holidays
Link to https://www.officeholidays.com/countries/switzerland/zurich/2020