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    Payment and Foreign Exchange Processing

    UK Payments, SEPA Credit Transfer, Same Currency International Payments and Same Currency Inter Account Transfers

    The table below sets out the cut off times for providing payment instructions through SVB Online Services to Silicon Valley Bank UK. Authorised payments are processed on business days only (Monday to Friday, excluding UK Bank Holidays). Any payments submitted after the cut off time, or on a non-business day, will be processed on the next available business day.

    PAYMENT TYPE CURRENCY CUT OFF TIME VALUE DATE
    BACS GBP 4:00pm For three day value
    CHAPS GBP 4:30pm Same day
    Faster Payments GBP 4:30pm Same day
    SEPA Credit Transfer EUR 11:00am Same day
    Inter Account Transfer 1 (Same currency) All 5:00pm Same day
    International Payments (Same currency) All 5:00pm Varies depending on the destination country and intermediary/beneficiary bank

    Foreign Exchange, Cross Currency International Payments and Cross Currency Inter Account Transfers1

    The cut off time for providing foreign exchange, cross currency international payment and cross currency inter account transfer instructions through SVB Online Services is 5:00pm.

    The value date will be determined using the earlier value date for the two currencies involved. Examples can be found below. In addition, the value date for cross currency international payments varies depending on the destination country and intermediary/beneficiary bank.

    CURRENCY CUT OFF TIME VALUE DATE
    Canadian Dollar (CAD)
    Swiss Franc (CHF)
    Danish Krone (DKK)
    Euro (EUR)
    British Pound (GBP)
    Norwegian Krone (NOK)
    Swedish Krona (SEK)
    US Dollar (USD)
    South African Rand (ZAR)
    Israeli Shekel (ILS)
    Mexican Peso (MXN)    		 5:00pm
    11:00am
    11:00am
    2:00pm
    3:00pm
    11:00am
    11:00am
    5:00pm
    11:00am
    9:00am
    5:00pm    		 Same day
    Australian Dollar (AUD)
    Hong Kong Dollar (HKD)
    Hungarian Forint (HUF)
    Japanese Yen (JPY)
    New Zealand Dollar (NZD)
    Polish Zloty (PLN)
    Singapore Dollar (SGD)
    Chinese Yuan Renminbi (CNH)
    Czech Koruna (CZK)
    Romanian Leu (RON)    		 5:00pm
    5:00pm
    5:00pm
    5:00pm
    5:00pm
    5:00pm
    5:00pm
    5:00pm
    5:00pm
    5:00pm    		 Next day
    All Other Currencies 5:00pm Two day value

    Value dates for Foreign Exchange, Cross Currency International Payments and Cross Currency Inter Account Transfers1

    The value date will be determined using the earlier value date for the two currencies involved.

    Examples

    • A foreign exchange trade between EUR and USD submitted and approved before 2:00pm on a business day will have same day value.
    • A foreign exchange trade between EUR and USD submitted and approved after after 2:00pm on a business day will have value the next day.