Constantly developing relationships with financial institutions and servicing current accounts, followed by cross-selling of banking products, represent one of the main aspects of business activity with financial institutions. Now the EUR clearing centre of the second largest Russian banking group, VTB Bank (Europe) SE has achieved a key role with SSIs (Standard Settlement Instructions) in EUR for the largest banks in the RF and CIS. This position includes relationships with about 210 banks with current loro accounts, 22 nostro banks and over 220 other banks with KYC and credit lines in place facilitating cross-selling for CIB, Treasury and Capital Markets products. As a direct member of SWIFT and the European clearing platform TARGET2, and with extensive product experience and a positive track record, VTB Bank (Europe) SE is fully equipped to meet the growing expectations of its clients (both corporates and FIs).
One of the important features of our service package is the processing of payment orders without retroactive charges from third-party banks, «Guaranteed OUR». We offer same-day execution of payment orders received before the following cut-off times:EUR 4:30 p.m. (CET) USD 5:00 p.m. (CET) CHF 3:00 p.m. (CET) GBP 2:30 p.m. (CET) JPY 5:30 p.m. (CET) one business day prior to value date CNY 5:30 a.m. (CET) one business day prior to value date DKK 1:00 p.m. (CET) SEK 2:30 p.m. (CET) NOK 1:00 p.m. (CET) All transactions are executed via the SWIFT network or using the bank’s own electronic banking system. Payment orders can be processed particularly quickly and cost-effectively using straight-through processing (STP).