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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:

  1. 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.
  2. The outgoing payment cut-off times can be found in the table below*
RegionCurrency CodeCurrency by CountryOrder from the Client
SwitzerlandCHFSwiss Franc14:00
EuropeEUR
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 FederationRUBRussian Ruble8:30
AmericasCAD
USD
Canadian Dollar
US Dollar
13:30
13:30
AsiaAED

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)
AfricaZARSouth African Rand16:00 (1 day in advance)
*Zurich local time

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