Currencies & Cut Offs

All times quoted below are Eastern Time (USA) and specific for our US based clients. Contact us if you are located outside of the USA for details on COTs for your location.

Payment instructions and cleared funds must be received before the quoted cut-off time.

For information regarding any currencies not shown, please contact us.
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Currencies & Cut Offs

Australian DollarAUD8:00am9:00am1 day8:30am1 day
Bahrain DinarBHD8:00am9:00am1 day--
Bulgarian LevBGNSuspended----
Canadian DollarCAD11:20am11:45amSame Day11:00amSame Day
Chinese YuanCNY3:00am4:00am1 day--
Czech Koruna CZK3:00am4:00amSame Day4:00amSame Day
Danish Krone DKK4:30am5:30amSame Day5:30amSame Day
Euro EUR8:50am9:30amSame Day9:00amSame Day
Hong Kong Dollar HKD8:00am9:00am1 day9:00am1 day
Hungarian Forint HUF3:00am4:00amSame Day4:00amSame Day
Indian RupeeINR11:20am--11:30amSame Day
Indonesian RupiahIDR11:20am--11:30amSame Day
Israeli Shekel ILS8:00am9:00am1 day--
Japanese Yen JPY8:00am9:00am1 day--
Kenyan Shilling KES8:00am9:00am1 day--
Kuwait Dinar KWD8:00am9:00am1 day-
Malaysian RinggitMYR11:20am--11:30amSame Day
Mexican Peso *MXN3:00am4:00amSame Day3:30am1 day
New Zealand Dollar NZD8:00am9:00am1 day--
Norwegian Krone NOK4:30am5:30amSame Day5:30amSame Day
Omani Rial OMR8:00am9:00am1 day--
Philippine PesoPHP11:20am--11:30amSame Day
Polish Zloty PLN3:30am4:30amSame Day4:30amSame Day
Qatar Rial QAR8:00am9:00am1 day--
Romanian Leu RON3:00am4:00amSame Day4:00amSame Day
Russian Ruble RUBSuspended----
Saudi Riyal SAR8:00am9:00am1 day--
Singapore DollarSGD8:00am9:00am1 day9:00am1 day
South African Rand ZAR4:30am5:30amSame Day--
Swedish Krona SEK4:30am5:30amSame Day5:30amSame Day
Swiss Franc CHF4:30am5:30amSame Day--
Thai Baht THB3:00am4:00am1 day--
Turkish Lira TRY3:30am4:30amSame Day--
Ugandan Shilling *UGX3:00am4:00am1 day--
UK Sterling **GBP9:20am12:00pmSame Day24hrSame Day
United Arab Emirates DirhamAED8:00am9:00am1 day--
US Dollar USD10:50am11:30amSame Day3:45pmSame Day

*  The countries and currencies marked with a single asterisk do not allow for receivables. You can buy the currency, however, and hold it in the respective currency account for future payables.

Contact us for an additional 100 payable currencies.

If cut off time (COT) is missed then settlement at the beneficiary bank will take an extra business day.

Some currencies might come with specific restrictions; please connect with your Relationship Manager if you are unsure of the payment criteria for the countries you are paying.

Trading time begins on Sunday 5:00PM ET and closes Friday 5:00PM ET. Weekend trading is available but we have built in an increased margin in case there’s a significant exchange rate movement before we are able to cover the position when markets open at 5:00PM ET on Sunday.

Currency Guides

Ensure a smooth transaction by formatting your payment correctly at the outset. Our currency guide provides up-to-date information on payment rules and regulations for the currencies we offer.
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