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International Payments
Transfersto any part of the world —
FAST AND RELIABLE! Rietumu execute all standard
payments on the same day.
Twenty years of experience in the field of international payment operations.
We work with almost all the currencies of the world.
International Payments
To provide the best service, Rietumu cooperates with a wide range of correspondent banks in the CIS, Europe,Northern America and Asia.
We are members of the European e-payment systems TARGET and SEPA.
The bank’s payment system conforms to the latest technical standards and is constantly developing
Transfersto any part of the world —
FAST AND RELIABLE!
International Payments
COMMISIONS TYPES
OUR
The sender pays commissions of Rietumu and the correspondent bank.
If in the process of a payment transfer, intermediary banks or the beneficiary bank charge commissions, this amount is debited from the sender’s account.
IN SOME CASES (OFTEN WHEN PAYMENTS ARE MADE IN USD), INTERMEDIARY BANKS AND/OR THE BENEFICIARY BANK MAY DEDUCT THEIR COMMISSION FROM THE PAYMENT AMOUNT. THIS MEANS THAT DUE TO THE REASONS BEYOND THE CONTROL OF RIETUMU, THE BENEFICIARY WILL RECEIVE AN INCOMPLETE PAYMENT AMOUNT.
International Payments
The sender pays Rietumu’s commission. The commissionsof intermediary banks are deducted from the payment amount.
COMMISION TYPES
SHA (from the «share»)
WHEN PAYING IN EUR OR OTHER CURRENCIES OF THE EUROPEAN ECONOMIC ZONE (GBP, DKK, NOK, SEK, CZK, LTL, LVL, CHF – LUXEMBOURG) AND WHEN THE SENDER’S BANK IS LOCATED WITHIN THIS ZONE, THE BENEFICIARY PAYS THE COMMISSION ONLY ACCORDING TO THE RATES OF ITS BANK. IN OTHER CASES, THE BENEFICIARY MAY FIND THEMSELVES WITH AN INCOMPLETE PAYMENT AMOUNT.
For the payments within the European economic zone and in the currencies of these countries, the SHA commission is used by default.If the sender indicates another type of commission, it will be changed to the SHA.
International Payments
COMMISSIONS TYPES
BEN (from the «beneficiary»)
Commissions of Rietumu and other banks engaged in the process of the payment transmission are deducted from the payment amount. The minimum amount for thw BEN payments is EUR 200 or its equivalent in other currency.
International Payments
PAYMENT ROUTEAs an international payment usually passes through several banks, its total cost consists of commissions of sending, beneficiary and other banks.
In every specific case
Rietumu chooses the optimal route for the payment, taking into consideration its faster processing and the client’s expenses.
International Payments
Payment route depends on the beneficiary bank, time of the payment, beneficiary’s residence country, and other variable factors.
USD PAYMENTS
International Payments
EUR PAYMENTSWhen a beneficiary bankis a member of the electronic payment systems TARGETor SEPA, one of the systems may be used.
When the receiving bank is not a member of the e-payment systems, a payment is made via one of the Rietumu’s correspondent banks.
International Payments
PAYMENTS IN OTHER CURRENCIES When making payments in other currencies, Rietumu uses the network of associated banks in the CIS, Europe, Northern America and Asia.
Rietumu offers the “Cross-Currency EUR Payment” service IN MORE THAN 90 “EXOTIC” CURRENCIES – from Kuwaiti dinars to Mexican pesos –at the most competitive exchange rates. The bank’s fees for such payments correspond to the standard fees for the EUR payments.
International Payments
PAYMENT TERMS
SAME DAY PAYMENTS
”cut-off-time”:
USD – 18:30EUR – 15:00
GBP – 13:30CHF – 13:30
RUB – 13:00
International Payments
PAYMENT TERMS
If the bank processes the payment after the “cut-off-time”, it will remitted with the next value date.
There is the Express option available for EUR and USD payments to extend the “cut-off-time” by one hourfor EUR payments and by 30 minutes for USD payments.
International Payments
More...
“ECONOMY” PAYMENT
“cut-off-time”:
The commissions for such type of payments are lower and the payment is remitted with the next value date.
International Payments
INCOMING PAYMENTS
Incoming paymentsare credited to client accounts
on the same day,if Bank receive funds:for RUB payments – by 16:00for payments in EUR, USD and other currencies – by 17:00for LVL payments – by 15:30 or 16:00 (Express)
International Payments
PAYMENT EXECUTION
in Rietumu Bank’s office in Rigavia Rietumu BankWorld internet bank via Home Banking systemby phone
International Payments
For fast and correct payment, it is importantto complete a payment order properly.
Indicate:correct bank account details, beneficiary name and addressname, address and SWIFT code of the beneficiary bankcorrespondent bank purpose of the payment additional details
PAYMENT EXECUTION
International Payments
BEST EXCHANGE RATESCooperation with the major banks in Europe, the USA, CIS and other regions ensures the most favourable terms and guarantees accuracy of transactions to our customers.
Rietumu dealing:
Best exchange rates in BalticsInstant exchangeHedging (Fwd/Swap/Order)Low rates for loyal clients
International Payments
IMPORTANT: There is always an individual exchange rate for payments
exceeding EUR 5,000 If you make more than ten transactions a month which exceed
an amount of EUR 10,000 each, you may qualify for a beneficial fixed rate.
CALL: Your personal manager Your dealer + 371 67025289 Skype: rietumu.dealing
EXCHANGE RATES
International Payments
OVERDRAFTConditions:Credit limit: 25% from the incoming turnoverAmount: from EUR 40,000 to two million (or its equivalent in USD)Rate: from 14% per annum for the used part of limit, 2% per annum for reserved part Term: from three months to a yearSix moths cooperation with the Bank Clear business structureIncoming turnover not less than EUR 500,000 per month
International Payments
HeadquarterRietumu Capital CentreVesetas 7, Riga, LV-1013, LATVIATel: +371 6702 5555 (24h) Fax: +371 6702 5588Skype: [email protected]
Representative office in Russsia2 Barykovsky Lane, 3rd FloorMoscow, 119034Tel.: +7 495 725 [email protected]
Partner In RussiaJSC «RB Investments»Mayakovskogo 3B, lit AB/C “Alia-Tempora”St. Petersburg, 191025, Tel.: + 7 812 718 [email protected]
Representative office in Belarus40 Nemiga Str, Off. 901Minsk, 220004phone: +375-17-200-78-07fax: [email protected]
156 Boulevard Haussmann75008, Paris, France(4th floor)Tel: +33 (0) 145 634 [email protected]
Representative office in Ukraine38-B Saksaganskogo Str., 2nd Floor, office 4Kiev, 01033Tel: +380 44 490 2058 [email protected]
CIA “RB Investments"2 Glinki Str. , office 608B/C “Most:DnepropetrovskTel. +38 056 732 [email protected]
Representative office in Romania15-17 Povernei Street, 4th Floor, Ap.7District 1, Bucharest, 010642, Tel.: +40 21 320 6533 [email protected]
Representative office in Kazahstan1/1 Zhandosov Str.Almaty, 050008Tel.: +7 727 266 2754 [email protected]
FINANCIAL WORLD OF