- Supported Modes
- B2B, B2P, P2P, P2B
- Supported Currencies
- CAD
- Network Participant
- Bank
- FX Source
- Live Interbank based rates available 24x7, including off-market hours
- Channels
- All banks in Canada
- Cutoff & delivery timing
-
T+1 day credit subject to cutoff of 18:00 ET
- Mandatory data requirements
- Remitter Name Remitter Account Type Remitter Identification Type Remitter Identification Number Remitter Address Remitter Country Code Beneficiary Name Beneficiary Account Type Beneficiary Account Number Beneficiary Country Code Beneficiary Address (Recommended) Beneficiary City (Recommended) Beneficiary Postcode (Recommended) Beneficiary Bank Code/SWIFT Code Routing Code Type 1 - Transit Code Routing Code Value 1
- Supporting Documents
- Remitter Beneficiary Relationship Nature of Business Duration of Contract Commercial Agreement Current Invoice
- Beneficiary Statement Narrative
-
- Domestic Clearing System limits ability to transfer full remitter information to the Beneficiary. Visibility of Standard Statement Narration is missing.
- Notes
-
*The status update will be done on T+1 basis though the Beneficiary may receive the credit before this.
| B2B | B2P | P2P | P2B | |
|---|---|---|---|---|
| Min | 0 | 0 | 0 | 0 |
| Max | CAD 99,000,000 | CAD 99,000,000 | CAD 99,000,000 | CAD 99,000,000 |
- Supported Modes
- B2B, B2P, P2P, P2B
- Supported Currencies
- USD, EUR, SGD, GBP, AUD, CAD, HKD, JPY, CHF, NZD
- Network Participant
- Bank
- FX Source
- Live Interbank based rates available 24x7, including off-market hours
- Channels
- All major banks enabled with SWIFT CODE
- Cutoff & delivery timing
-
Same-day processing subject to cutoff of 07:30 UTC
- Mandatory data requirements
- Remitter Name Remitter Account Type Remitter Identification Number (For Company) Remitter Identification Type (For Company) Remitter Address Remitter Country Code Remitter DOB (Only for Individuals) Remitter City Remitter Post Code Remitter State (for US CA MX) Remit Purpose Code Beneficiary Name Beneficiary Account Type Beneficiary Account Number Beneficiary Country Code Beneficiary Address Beneficiary City Beneficiary State (for US CA MX) Beneficiary Postcode (for US CA MX) Routing Code Type - SWIFT CODE Routing Code Value
- Supporting Documents
- Remitter Beneficiary Relationship Nature of Business Duration of Contract Commercial Agreement Current Invoice
- Beneficiary Statement Narrative
-
- Ultimate Sender Name and narrative details will be passed as part of MT103 message to beneficiary bank.
- Details available on beneficiary statement will be dependent on beneficiary bank.
- Proof of Payment
-
MT103 can be considered as a proof of payment and can be provided on request
- Notes
-
WIRES can be sent to all countries except for OFAC listed. MT103 can be provided on request. For foreign currency wire currencies USD, EUR, GBP - NIUM supports both OUR and SHA fee type while for other currencies AUD, CAD, CHF, JPY, NZD, HKD, SGD - NIUM supports only SHA fee type
| B2B | B2P | P2P | P2B | |
|---|---|---|---|---|
| Min | 0 | 0 | 0 | 0 |
| Max | No limit | No limit | No limit | No limit |