Instant Payments/365 day reporting

See below the country overview for Instant Payments/365 day reporting

	Instant Payments	Reporting	Limit Availability	Domestic Cash Balancing	Cross-Border  Cash Balancing	Domestic VBA1	Cross-Border VBA2
Country	Currency of Transfer and Account	365 days  Availability		Sweep Frequency	Sweep Frequency	Sweep Frequency	Sweep Frequency
Austria	EUR	Yes	Calendar Days	Calendar Days	Business Days	Calendar Days	Calendar Days
Belgium	EUR	Yes	Calendar Days	Calendar Days	Business Days	Calendar Days	Calendar Days
Bulgaria	BGN	Yes	Calendar Days	Calendar Days	Business Days	NA	NA
Czech Republic	No	No	Business Days	Business Days	Business Days	NA	NA
Germany	EUR	Yes	Calendar Days	Calendar Days	Business Days	Calendar Days	Calendar Days
France	EUR	No	Business Days	Business Days	Business Days	Business Days	Business Days
Hungary	HUF	Yes	Business Days	Business Days	Business Days	NA	NA
Ireland	EUR	Yes	Calendar Days	Calendar Days	Business Days	NA	NA
Italy	EUR	Yes	Calendar Days	Calendar Days	Business Days	Calendar Days	Calendar Days
Luxembourg	EUR	No	Calendar Days	Business Days	Business Days	Business Days	Business Days
Netherlands	EUR	Yes	Calendar Days	Calendar Days	Business Days	Calendar Days	Calendar Days
Poland	PLN	Yes	Calendar Days	Calendar Days	Business Days	NA	NA
Portugal	EUR	Yes	Calendar Days	Calendar Days	Business Days	Calendar Days	Calendar Days
Romania	No	No	Business Days	Business Days	Business Days	NA	NA
Slovakia	EUR	No	Business Days	Business Days	Business Days	NA	NA
Spain	EUR	Yes	Calendar Days	Calendar Days	Business Days	Calendar Days	Calendar Days
Switzerland	No	No	Business Days	Business Days	Business Days	Business Days	Business Days
United Kingdom	No	No	Business Days	Business Days	Business Days	Business Days	Business Days

1) Domestic VBA is an account structure where the VBA and Master account are in the same country.

2) Cross-Border VBA is an account structure where the VBA and Master account are in different countries.

Virtual Bank Account (VBA)

Domestic VBA structure - What happens to VBA when the VBA and Header Account are on IP/365?

• Instant payments credits on the VBA will be swept on each calendar day to the header account.
• Instant Payment debits from the VBA are not yet possible for Domestic VBA structures

Domestic VBA structure - What happens to VBA when the VBA and Header Account are not on IP/365?

• Instant payment credits on the VBA will be swept on business days to the header account.
• Instant Payment debits from the VBA are not yet possible for Domestic VBA structures

Cross Border VBA structure - What happens to VBA when the VBA and Header Account are on IP/365 but in different countries for example VBA in Germany and Header in NL?

• Instant payment credits on the VBA will be swept on each calendar day to the header account.
• Instant Payment debits from the VBA are not yet possible for Cross Border VBA structures

Cross Border VBA structure - What happens to VBA when the VBA is on IP/365 and the Header Account (country X) is not?

• Instant Payment credits on the VBA will immediately be debited from the VBA but the credit booking on the header account will be executed on business days.
• The debit from VBA and the credit on the header account may therefore have a different book dates.
• Instant Payment debits from the VBA are not yet possible for Cross Border VBA structures

Cross Border VBA structure - What happens to VBA when the VBA is not on IP/365 and the Header Account (country X) is on IP/365?

• Instant payments credits on the VBA will be swept on business days to the header account.
• Instant Payment debits from the VBA are not yet possible for Cross Border VBA structures

In all cases

• Daily zero value balances on the VBA remain guaranteed.
• Value dates of the sweeps (debit and credit) remain respected, no deviations.