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Q:

What is the execution date?

A:

For sweeping transactions this is when we ask the partner bank to process the sweep request and return the funds to the Master account. We calculate the debit and credit value days from this date, taking into account the bank liquidity agreement for the Satellite bank and the currency concerned.

For topping transactions this is when the payment is initiated by The Royal Bank of Scotland. We calculate the credit value day from this date, taking into account the bank liquidity agreement for the Master bank and the currency concerned.

 

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