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Correspondent Bank List Vidanova Bank
Introduction:
This is our list of correspondent banks 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”) where applicable and Bank Identifier Code (“BIC”) in each payment transfer.
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 Creditor and Creditor account (beneficiary customer) and to fields Debtor and Debtor account (ordering customer) for financial or FIN messages. Information in these fields is now mandatory.
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:
- Intermediary agent details (formerly Intermediary Bank: SWIFT Field 56)
- Intermediary BIC
- Intermediary Bank name and address
- Intermediary Fed Wire, if applicable
- Creditor agent details (formerly Account with Institution – SWIFT Field 57)
- Institution Sort Code, if applicable
- Institution BIC
- Institution Bank name and address
- Creditor details (formerly Beneficiary Customer – SWIFT Field 59)
- Creditor bank account number or IBAN
- Creditor
- First and last name
- Full address and country
- References for the beneficiary should be included in the SWIFT message field of Remittance information (former Swift Field 70).
Instructions received whereby the ordering customer has not been properly identified in SWIFT message fields of Debtor name, address and account, 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 XCG.
Instructions received after these times will be executed on the following business day. |
