Swift codes

Introduction:

This is our list of correspondent banks list effective April 22^nd, 2024, which should be used for all transfers made to beneficiaries holding an account with Vidanova Bank N.V., Curaçao.

We have decided to introduce our list of active correspondent banks to facilitate our clients getting SWIFT messages formatted correctly and to emphasize the use of International Bank Account Number (‘IBAN’) and Bank Identifier Code (‘BIC’).

The special recommendations of the Financial Action Task Force (‘FATF’) into their domestic legislation have been implemented. FATF recommendations are taking into account Know Your Customer (‘KYC’) and Anti Money Laundering (‘AML’) regulations, (the identification of end customers) refer to fields 59 (beneficiary customer) and field 50 (ordering customer) for financial or FIN messages. The information on these fields are now required.

In order to expedite payment instructions and to comply with new FATF rules and straight through processing of payments, we kindly request you to observe the following parties in your instructions to our financial institution:

1. Intermediary Bank:     SWIFT Field 56
   • Intermediary BIC
   • Intermediary Bank name and address
   • Intermediary Fed Wire, if applicable
2. Account with Institution – SWIFT Field 57
   • Institution Sort Code, if applicable
   • Institution BIC
   • Institution Bank name and address
   • Institution IBAN or bank account number
3. Beneficiary Customer – SWIFT Field 59
   • Beneficiary IBAN
   • Beneficiary account name and full address
4. References for the beneficiary should be included in Swift Field 70.

Instructions received whereby the ordering customer has not been properly identified in SWIFT field 50, require Vidanova Bank N.V. to seek additional information and will consequently delay the application of funds to the beneficiary’s account.

The cut-off times for executing payments from any of your accounts are according to the following schedule:

• 10:00 hours for payments in EUR and GBP on the same day.
• 11:00 hours for payments in USD.
• 11:00 hours for local payments in ANG.

Instructions received after these times will be executed on the following business day.