Nordea Price List for banks
January 2016
Nordea terms and conditions
Nordea Bank Danmark A/S
Nordea Bank Finland Plc
Nordea Bank Norge ASA
Nordea Bank AB (publ)
DKK covers the ISO code, the country as well as the legal unit
of Nordea Bank Danmark A/S.
EUR covers the ISO code, the country as well as the legal unit
of Nordea Bank Finland plc.
NOK covers the ISO code, the country as well as the legal unit
of Nordea Bank Norge ASA.
Table of contents
Account services........................................................................ 2
Payments................................................................................... 3
Bank-to-bank payments ............................................................. 3
Customer payments ................................................................... 4
Cheque services ........................................................................ 7
Securities services ..................................................................... 9
Securities lending ...................................................................... 9
Markets...................................................................................... 9
Notes and coins ......................................................................... 9
Trade Finance ......................................................................... 10
Nordea contact information ...................................................... 12
SEK covers the ISO code, the country as well as the legal
unit of Nordea Bank AB (publ).
This document supersedes all previous editions.
Nordea is a member of all relevant domestic clearing systems
in the Nordic countries, and also TARGET, EBA Euro1, EBA
STEP1 and STEP2 as well as CLS.
Charging of item fees will generally take place on a monthly
basis unless otherwise stated or agreed. The charges will
normally be debited in the local currency.
Account services
Nordea is a provider of clearing services in the Nordic region.
Interest conditions
DKK
EUR
Credit interest
As agreed
Debit interest
As agreed
Account maintenance fee per month
NOK
SEK
As agreed
Reporting
MT 950/MT 940
Free of charge
Interest statement
Free of charge
Additional statement
100
10
100
100
Copy of statement ad hoc per item
250
25
250
250
Fax statement per item
250
25
250
250
10
1.50
10
10
750
100
750
900
1,500
200
1,600
1,800
DKK
EUR
NOK
SEK
250
30
250
300
1,000
135
1,200
1,200
MT 900/910 per item
MT 210
Subject to agreement
Quality report/additional request
Older than 6 months, minimum per demand
Audit report
Confirmation of balances
Complete report for audit purposes
Web access
Please contact your relationship manager.
Use of funds
Please contact your relationship manager.
Contact information
Please contact your relationship manager for special requests such as additional copy of statements, statements by fax and other
matters.
Should you consider concentrating your business to Nordea in more than one of the Nordic markets and currencies, please contact your
relationship manager to receive information about our favourable pan-Nordic terms.
CLS nostro agent services
Nordea offers CLS™ Nostro agent services in DKK, NOK and SEK and also a pan-Scandinavian offering. Please contact your
relationship manager for details.
CLS third party services
Nordea also offers CLS™ Third Party Services in the Nordic market. Please contact your relationship manager for details.
Contact information
Loro Account Management
For Denmark and Sweden:
Phone +45 33 33 33 48
E-mail
[email protected]
For Finland
Phone +358 9 53007220
Fax
+358 9 163 80199
E-mail [email protected]
For Norway:
Phone
+47 24 01 2001
Fax
+47 22 36 9720
E-mail
[email protected]
Nordea Price List for banks — January 2016
In this document the ISO code refers both to the currency and the country in question
2
Payments
Bank-to-bank payments
Cut-off times
Denmark
Finland
Payments in DKK
13.30 (CET)
Payments in EUR
17.00 (CET)
Payments in EUR
16.00 (CET)
Book transfers in EUR
17.00 (CET)
Book transfers in DKK and EUR
17.00 (CET)
Norway
Sweden
Payments in NOK
15.30 (CET)
Payments in SEK
15.15 (CET)
Book transfers in NOK
15.30 (CET)
Payments in EUR
15.15 (CET)
Book transfers in SEK and EUR
17.00 (CET)
For other currencies, please contact Loro Account Management for details.
Payments received after cut-off will be handled on a best effort basis.
Charges
DKK
EUR
NOK
SEK
Debits STP (straight-through processing)
30
4
30
30
Debits non-STP
50
6
50
50
Cancellations
Not yet executed
400
50
400
450
Executed (effected on a best effort basis)
750
100
750
900
Note: Additional charges from other banks may apply.
For EUR, compensation rates are paid according to EBF (European Banking Federation) guidelines.
Back-valuations (three months or less)
Administrative fee, in house Nordea
Administrative fee, where other banks
are involved, minimum
Compensation rate
DKK
EUR
NOK
SEK
750
100
750
500
750
100
750
1,500
Day-to-day
rate + 1 %
EONIA
+ 0.25 %
NIBOR
+1%
REPO
+ 0,25 %
DKK
EUR
NOK
SEK
Administrative fee, in house Nordea
750
100
750
500
Administrative fee, where other banks are
involved, minimum
750
100
750
1,500
Amendment of future value date
Compensation interest will not be applicable for amendment of future value dates.
Nordea Price List for banks — January 2016
In this document the ISO code refers both to the currency and the country in question
3
Investigations
DKK
EUR
NOK
SEK
1 month or less
400
50
400
450
1-6 months
750
100
750
900
1,500
200
1,600
1,800
Other
Note: Additional charges from other banks may apply.
Compensation interest will not be applicable for amendment of future value dates.
Customer payments
Cut-off times
Denmark
Finland
Payments in DKK
13.30 (CET)
Payments in EUR
16.00 (CET)
Payments in EUR
16.00 (CET)
Payments in USD
16.00 (CET)
Payments in USD
16.00 (CET)
Payments in GBP
14.00 (CET)
Payments in GBP
15.30 (CET)
Norway
Sweden
Payments in NOK
15.30 (CET)
Payments in SEK
15.30 (CET)
Payments in EUR
15.30 (CET)
Payments in EUR
15.30 (CET)
Payments in USD
16.00 (CET)
Payments in USD
16.00 (CET)
Payments in GBP
14.00 (CET)
Payments in GBP
14.00 (CET)
For other currencies, please contact Loro Account Management for details.
Funds available
To our customers PSD compliant
To our customers Not PSD compliant
3rd party payments PSD compliant
3rd party payments Not PSD compliant
DKK
EUR
NOK
SEK
D
D
D
D
D+1
D+1
D
D+1
D
D
D
D
D+1
D+2
D
D
3rd party payments in other currencies than the receiving countries currency and EUR are only accepted if there is an account
relationship in the instructed currency in place.
Nordea Price List for banks — January 2016
In this document the ISO code refers both to the currency and the country in question
4
Charges to the sending bank
3rd party payments with charge option BEN/SHA
Payments compliant to the Payment Service
Directive (PSD/2007/64/EC)
Intermediary fee
Payments NOT compliant to the Payment
Service Directive (PSD/2007/64/EC)
Intermediary fee
DKK
EUR
NOK
SEK
20
3
20
20
20*
3*
20
20
* Denmark and Finland will deduct their fees from the principal amount, and therefore there will be no charge to the sending bank.
Payments with charge option OUR
Whether compliant to or not compliant to the
Payment Service Directive (PSD/2007/64/EC)
60
10
100*
60**
* Payments below NOK 2,000 or equivalent are only charged NOK 50.
** for 3rd party payments with charge option OUR we will also charge the sending bank our intermediary fee.
Repair fees
In favour of both our own customers and 3rd
party – in addition to the above charges,
whether compliant to or not compliant to the
Payment Service Directive.
DKK
EUR
NOK
SEK
60
10
60
60
3rd party payments in other currencies than the receiving countries currency and EUR are only accepted if there is an account
relationship in the instructed currency in place.
3rd party payments with charge option BEN or SHA in favour of a Nordea unit in a country different form the receiving country will be
settled with same day value and free of charge.
The Payment Service Directive (PSD/2007/64/EC) is valid for payments within the EU/EEA countries in EUR or in EU/EEA currencies.
Nordea Price List for banks — January 2016
In this document the ISO code refers both to the currency and the country in question
5
Cancellations
DKK
EUR
NOK
SEK
Not yet executed
400
50
400
450
Executed (effected on a best effort basis)
750
100
750
900
Note: Additional charges from other banks may apply.
For EUR, compensation rates are paid according to EBF (European Banking Federation) Guidelines.
Back-valuations (three months or less)
DKK
EUR
NOK
SEK
Administrative fee, in house Nordea
750
100
750
500
Administrative fee, where other banks are
involved, minimum
750
100
750
1,500
Compensation rate
Day-to-day
rate + 1 %
EONIA
+ 0.25 %
NIBOR
+1%
REPO
+ 0.25 %
Amendment of future value date
DKK
EUR
NOK
SEK
Administrative fee, in house Nordea
750
100
750
500
Administrative fee, where other banks are
involved, minimum
750
100
750
1,500
EUR
NOK
SEK
Compensation interest will not be applicable for amendment of future value dates.
Investigations
DKK
1 month or less
400
50
400
450
1-6 months
750
100
750
900
1,500
200
1,600
1,800
Other
Reporting
Accumulated monthly charging
Ad hoc quality reports
Subject to agreement
Note: Additional charges from other banks may apply.
Contact information
CM Operations, Denmark
Phone
+45 3333 5301
CM Operations, Norway
Phone +47 24 01 2001
CM Operations, Finland
Phone
+358 102 765868
CM Operations, Sweden
Phone +46 10 156 1860
Nordea Price List for banks — January 2016
In this document the ISO code refers both to the currency and the country in question
6
Cheque services
Cash letter service
Nordea provides a pan-Nordic one point of entry for cash letters.
Please contact your relationship manager for details.
Cheques drawn on any bank in Denmark. the Faroe Islands, Greenland, Finland, Norway or Sweden.
The cash letters should be addressed to:
Nordea Bank AB Spolka Akcyjna Oddzial w Polsce
Nordea Operations Centre
CM Operations
Al. Pilsudskiego 22,
PL-90-051 Lodz
One remittance letter per currency per country.
Cheques in DKK
Received before 10.00 (CET)
Value two business days after receipt
Cheques in EUR
Received before 09.00 (CET)
Value three business days after receipt
Cheques in NOK
Received before 12.00 (CET)
Value two business days after receipt
Cheques in SEK
Received before 10.00 (CET)
Value two business days after receipt
Handling
Cash letter
Cheque not issued by ourselves
DKK
EUR
NOK
SEK
30
-
30
35
5
9
10
10
The amount will be credited to your account under usual reserve.
Cheques in other than local currencies
Cheques in Denmark
Received before 10.00 (CET)
Value four business days after receipt
Cheques in Finland
Received before 09.00 (CET)
Value four business days after receipt
Cheques in Norway
Received before 12.00 (CET)
Value four business days after receipt
Cheques in Sweden
Received before 10.00 (CET)
Value four business days after receipt
Handling
Cash letter
Cheque not issued by ourselves
DKK
EUR
NOK
SEK
30
-
30
35
5
12
10
10
35
250
250
The amount will be credited to your account under usual reserve.
Unpaid returned cheques per cheque
300
Any special handling charges and expenses incurred, such as postage, telex costs etc will be subject to an additional charge.
Returned cheques will be advised by SWIFT.
Nordea Price List for banks — January 2016
In this document the ISO code refers both to the currency and the country in question
7
Cheques drawn on your account
DKK cheques drawn on your account with Nordea Bank in Denmark
EUR cheques drawn on your account with Nordea Bank in Finland
NOK cheques drawn on your account with Nordea Bank in Norway
SEK cheques drawn on your account with Nordea Bank in Sweden
DKK
Handling
EUR
25
3
Debit value date for DKK, NOK & SEK
Two business days prior to processing day
Debit value date for EUR
The day of processing
Stop payment
300
35
NOK
SEK
25
25*
250
250
* If issuer’s account number is stated on the cheque, debit value will be same day value.
Cheques for collection, returned cheques and investigations
The collection should be dispatched to the address mentioned under Cash letter service.
Collection commission
Minimum
Maximum
Returned cheques
DKK
0.25 %
500
3,000
450
EUR
0.30 %
105
850
40
NOK
0.40 %
600
3,000
400
SEK
0.20 %
1,200
3,000
400
Investigations
DKK
EUR
NOK
SEK
1 month or less
400
50
400
450
1-6 months
750
100
750
900
1,500
200
1,600
1,800
Other
Contact information
CM Operations, Denmark
Phone
+45 33 33 31 43
Fax
+45 33 33 64 25
CM Operations, Norway
Phone
+47 24 01 2001
CM Operations, Finland
Phone
+358 102 765868
CM Operations, Sweden
Phone
+46 10 156 1860
Nordea Price List for banks — January 2016
In this document the ISO code refers both to the currency and the country in question
8
Securities services
Markets
Nordea provides sub-custody services in the Nordic region
for financial institutions.
Markets serves both Nordic and major international corporate
and institutional customers. Some 700 individuals with a wide
range of skills and functions assist in covering these customers’
different financial needs.
Contact information
Nordea Bank
Securities Services
P.O. Box 850
DK-0900 Copenhagen C
Denmark
Phone
+45 33 33 33 33
Fax
+45 33 33 10 31
www.nordea.com/custody
Nordea Bank
Securities Services
P.O.Box 1166, Sentrum
NO-0107 Oslo
Norway
Phone
+47 22 48 50 00
Fax
+47 22 48 44 44
www.nordea.com/custody
Nordea Bank
Securities Services
Aleksis Kiven katu 3-5,
VC210
FIN-00020 NORDEA
Finland
Phone
+358 9 165 1
Fax
+358 753 0712
www.nordea.com/custody
Please see: www.nordea.com/e-markets
Notes and coins
Notes and coins deposited. Sale and remittance of notes
and coins abroad
Contact information
Nordea Bank Danmark A/S
Cash Products
P.O. Box 850
DK-0900 Copenhagen C
Denmark
Phone
+45 33 33 42 02
Fax
+45 33 33 60 45
Nordea Bank Finland Plc
2713 Cash Products and Services
FI-00020 NORDEA
Finland
Phone
+358 9 165 87621
Fax
+358 9 165 87630
For Nordea Bank in Norway and Sweden: Notes and coins
are handled by an external vendor.
Nordea Bank AB (publ)
Securities Services
Mäster Samuelsgatan 21
SE-111 44 Stockholm
Sweden
Phone
+46 8 614 7000
Fax
+46 8 791 76 45
www.nordea.com/custody
Securities lending
Contact information
Nordea Bank AB (publ)
Equities Finance
Smålandsgatan 15
SE-105 71 Stockholm
Phone
+46 8 614 9868
Fax
+46 8 614 7380
Nordea Price List for banks — January 2016
In this document the ISO code refers both to the currency and the country in question
9
Trade Finance
The ISO codes cover the applicable Nordic country and currency for applicable commissions.
Collections
The policy of Nordea is to handle only collection items governed by the latest revision of ICC Uniform Rules for Collections.
Collection commission
Minimum
Maximum
Amendments
DKK
0.25%
500
3,000
250
EUR
0.30%
105
850
50
NOK*
0.40%
600
3,000
200
SEK*
0.25%
1,300
3,500
600
Documentary credits (DCs)
The policy of Nordea is to handle only DC items governed by the latest revision of ICC Uniform Customs and Practice for Documentary
Credits.
Advising commission
Confirmation commission 1)
Minimum
Acceptance or deferred payment 2)
Minimum
Documentary commission
Minimum
Amendments
Transfer commission
Minimum
Processing of reimbursement claims
Financing/discounting
Cost of funds + margin
Handling fee (charged for every handling/payment/instalment
1) Calculated as per actual/360 days. To be paid together with
principal
2) Calculated as per actual/360 days. Paid as per instruction in
respective case
DKK
700
900
700
0.175 %
800
700
0.50%
2,000
600
EUR
NOK*
105
900
Depending on the bank/country risk
120
1,000
Depending on the bank/country risk
120
1,000
0.25%
0.275%
150
800
105
500
0.35%
0.40%
550
1,500
150
1,000
SEK*
1,500
1,200
1,200
0.30%
1,500
1,200
0.50%
5,000
1,500
Margin subject to agreement
Subject to
agreement
110
1,000
1,500
Guarantees, also in the form of SBLC
DKK
Guarantee commission
minimum for a period of 6 months or fraction thereof
Transmitting/advising a guarantee without our responsibility
Issuance/commission (Standard/Non Standard)
Amendments/ Cancellation
Commission for handling claims
Confirmation commission of SBLC
Minimum
800
700
700
700
1,000
800
EUR
NOK*
Subject to agreement
120
1,500
250
1,500
130/180
2,500/4,000
130/180
1,500
200
3,500
Subject to agreement
120
1,500
SEK*
1,100
1,200
1,500/3,000
1,200
1,500
1,100
In addition to the above commissions listed for all Trade Finance products; charge for SWIFT messages minimum EUR 35. Postage,
courier, express courier, special handling etc will be subject to a separate charge.
Charges for additional special measures, inquiries and advices minimum 80 EUR. A breakage fee for ending agreements
prematurely may apply.
Commission and charges may be charged in local currency or equivalent in EUR or USD.
*) Business in Norway and Sweden are handled locally but done in the legal entity of Nordea Bank Finland plc. Guarantee requests
should always be sent to NDEAFIHH.
Nordea Price List for banks — January 2016
In this document the ISO code refers both to the currency and the country in question
10
Contact information
Nordea Bank Danmark A/S
Trade Finance
Strandgade 3, P.O.Box 850
DK-0900 Copenhagen C
Denmark
Phone: +45 33 33 33 33
Swift:
NDEA DK KK
Email:
[email protected]
Nordea Bank Norge ASA
Trade Finance
P.O.Box 1166 Sentrum
N-0107 Oslo
Norway
Phone: +47 46 93 16 15
Swift:
NDEA NO KK
Email :
[email protected]
Nordea Bank Finland Plc
Trade Finance
Alexis Kiven Katu 3-5 6b, VC683
FIN-00020 NORDEA
Finland
Phone: +358 9 1651 / Trade Finance
Swift:
NDEA FI HH
Email:
[email protected]
Nordea Bank AB (publ.)
Trade Finance
Lindhagensgatan 112
Sweden
Phone:
+46101561290
Swift:
NDEA SE SS
Email:
[email protected]
Nordea Bank AB (publ.)
Trade Finance
Östra Hamngatan 16
SE-405 09 Göteborg
Sweden
Phone: +46101569488
Swift:
NDEA SE GG
Email:
[email protected]
www.nordea.com/tradefinance
Nordea Price List for banks — January 2016
In this document the ISO code refers both to the currency and the country in question
11
Nordea contact information
Nordea Bank Danmark A/S
Christiansbro, Strandgade 3
PO Box 850
DK-0900 Copenhagen C
SWIFT: NDEADKKK
Nordea Bank Finland Plc
Satamarandankatu 5
Helsinki
FIN-00020 Nordea
SWIFT: NDEAFIHH
Nordea Bank Norge ASA
Middelthunsgaten 17
N-0368 Oslo
SWIFT: NDEANOKK
Nordea Bank AB (publ)
Smålandsgatan 17
SE-105 71 Stockholm
SWIFT: NDEASESS
The following provisions shall apply with respect to the services provided by Nordea Bank Danmark A/S, Nordea Bank Finland Plc,
Nordea Bank Norge ASA and Nordea Bank AB (publ) and the execution of instructions received by Nordea Bank Danmark A/S, Nordea Bank
Finland Plc, Nordea Bank Norge ASA and Nordea Bank AB (publ): All accounts and transactions are subject to the laws of the country where the
service provider bank is situated i.e. Denmark, Finland, Norway or Sweden and any given general terms and conditions for payments.
Nordea Bank Danmark A/S, Nordea Bank Finland Plc, Nordea Bank Norge ASA and Nordea Bank AB (publ) shall not be held responsible for any loss
or damage resulting from legal enactment, intervention of a public authority, act of war, strike, lockout, boycott, blockade or any other similar
circumstance. The reservation in respect of strikes, lockouts, boycotts and blockades thus applies even if Nordea Bank Danmark A/S, Nordea Bank
Finland Plc, Nordea Bank Norge ASA and Nordea Bank AB (publ) takes such measures or is the subject of such measures.
Nordea Bank Danmark A/S, Nordea Bank Finland Plc, Nordea Bank Norge ASA and Nordea Bank AB (publ) shall never be responsible for indirect
losses, e.g. loss of profits or a loss incurred by a party other than the client. Any other loss or damage that may result from any other cause shall not
be indemnified by Nordea Bank Danmark A/S, Nordea Bank Finland Plc, Nordea Bank Norge ASA and Nordea Bank AB (publ) if the bank has acted
with customary caution.
Nordea Price List for banks — January 2016
In this document the ISO code refers both to the currency and the country in question
12