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Appendix No.1

In force from 23.07.2020.

The explanations regarding the terms for effecting payment orders depending on the time when the Customer has submitted it and priority chosen by the Customer.

Effecting the Customer's payment order the Bank applies value date depending on the priority (Standard, Urgent, Express), indicated by the Customer in the payment order and compliance with the Bank's Cut-off Times. Value date can be deferred to the latest date, taking into account banking holidays and days when national clearing system of the currency of the payment is closed.

Currency of the payment Type of operation Priority of the payment order Cut-off time for submitting a payment order in a certain currency to the Bank in the date D1 Value date1
EUR Domestic transfer Standard 13:00 D
16:002 D
Express 16:00 D (in one hour)                          
SEPA transfer Standard 13:00 D
International transfer Standard 17:00 D + 1
Urgent 15:00 D
Express 15:00 D (in two hours)
USD3   Standard 17:00 D + 2
CNY   Standard 17:00 D + 3
CHF, PLN, DKK, JPY, HKD, KZT, BYN, GBP   Standard 17:00 D + 2
RUB   Standard 17:00 D + 1

1 D – is the date, when the Customer has submitted the payment order to the Bank
2 If transfers are provided by a Bank, which is a member of the electronic clearing system of Bank of Latvia (List of participants)
3 The Bank can execute USD payment order faster, upon the request of the Customer, applying an individual tariff

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