Correspondent Banking

Profile

• Publicly listed, full-service bank
• 16 regions
• More than 100 branches (including 3 in Germany)
• Subsidiary bank in Switzerland
• 2,500 employees
• 345,000 customers
• 140,000 shareholders
• 4-7% market share
• Fourth largest bank in Denmark
• Moody's ratings: Aa3, P-1, C+
• Country rank 3 ^*
• World rank 500 ^*

* The Bankers' Almanac June 2008

Participation & Memberships

• SWIFT
• TARGET
• EBA/STEP1 and STEP2 XCT and SCT
• Joined the Credeuro/ICP Convention
• CLS
• The national clearing system DKK/EUR
• The OMX group (Copenhagen, Stockholm, Helsinki), Oslo Stock Exchange and Deutsche Terminbörse (Eurex)
• ISDA
• ISMA

Products & Services

• Accounts in DKK or other currencies - no charges, interest-bearing
• Cash Letter Service
• Entry point for payments on Denmark via STEP2 or any other channel
• Low Value/Mass Payments
  • send and receive MT102 FIN
  • send and receive MT103/REC/EURO
• Send and receive Priority Payments
• International Cash Management
  • send and receive MT101 + MT940
• Trade Finance
• Custody Services

Terms & Conditions

• Terms & Conditions for Foreign Banks (PDF)
• Settlement Banks - Commercial Payments (PDF)
• Settlement Banks - FX & Money Market (PDF)

• The Danish Financial Supervisory Authority (FSA) (EKSTERN)

provides translation of Danish legislation, eg the Consolidated Act on measures to prevent money laundering and financing of terrorism.

• Adobe Reader (EKSTERN)

These documents require Adobe Reader which is available on the Internet. Adobe Reader is freeware.

• Sydbank's Corporate Governance Principles (PDF)
• Articles of Association (PDF)
• Summary – the Danish Commerce and Companies Agency (PDF)

• Financial Calendar

• Nostro Account Services (PDF)
• Commercial Payments (PDF)
• STEP2 Entry Point (PDF)
• Cash Letter Service (PDF)
• International Cash Management (PDF)
• Trade Finance (PDF)
• Sydbank Markets (PDF)
• Custody & Settlement Services (PDF)
• Emerging Markets (PDF)