Foreign Currency Payments during Holidays

National holidays in May:

03.05 – Japan (JPY), Poland (PLN)
04.05 – Public holiday in Latvia. Only inter-bank payments will be processed.
05.05 – Public holiday in Finland. Only inter-bank payments and European EUR payments will be processed. The date of fulfillment of all currency payments (currency delivery date) will be postponed by one business day.
06.05 – Denmark (DKK)
09.05 – Russia (RUB)
13.05 – Sweden (SEK)
16.05 – Denmark (DKK), Norway (NOK), Switzerland (CHF)
17.05 – Norway (NOK)
23.05 – Canada (CAD)
26.05 – Poland (PLN)
30.05 – Great Britain (GBP), the USA (USD)

 

In case it is a national holiday in a foreign country, the value (settlement) date for outgoing payments to other banks in the currency of the respective country is postponed by one business day.

  • Express payments in the respective currency are not available on this day.
  • Incoming payments will not be accepted during these days. They will be transferred to the beneficiaries' accounts on the first business day after the holidays, keeping the original value date.


These provisions apply to the currency of the payment, not to the country whereto the payment is transferred.

Example: July 4 is a national holiday in the USA, the value date for all transactions in USD made on July 4 will be postponed by one business day. It refers to all payments in USD, regardless of the country of transfer.

As processing of currency transactions is carried out in Nordea Bank Finland Plc Finland, national holidays in Finland affect processing of all currency transactions in Latvia:

  • If it is a national holiday in Finland, the value date of all outgoing currency payments to other banks is postponed by one business day.
  • Express payments during national holidays in Finland are not available.
  • Incoming payments in the respective will not be accepted during national holidays in Finland. They will be transferred to the beneficiaries' accounts on the first business day after the holidays, keeping the original value date.
  • EUR payments in Europe are processed during the holidays in Finland. Read more.


National holidays in Latvia:

  • The value date of all outgoing payments to other banks is postponed by one business day.
  • Incoming payments will not be accepted on this day. They will be transferred to the beneficiaries' accounts on the first business day after the holidays, keeping the original value date.
  • Bank's internal payments will be executed in line with the standard procedure.

 

Type of payments

Processed

On national holidays in Latvia

On national holidays in Finland

On holidays in the countries where the respective currency in national currency

Bank's internal payments On any day in accordance with the terms set in the pricelist Processed Processed Processed
EUR payment in Europe On business days in accordance with the terms set in the pricelist Value date is postponed by one business day Processed Processed
Currency payments On business days in accordance with the terms set in the pricelist Value date is postponed by one business day Value date is postponed by one business day Value date for the respective currency is postponed for one business day
Express currency payments On business days in accordance with the terms set in the pricelist Not available Not available Not available in the respective currency