OREANDA-NEWS. From August 13, 2007 there will be the following changes in the acceptance and execution procedure of payment instructions, reported the press-centre of Rietumu Bank:

1. The changes apply to the time of acceptance and processing of payment instructions delivered to the Bank via remote banking systems (Home Banking/ Internet Banking BankWorld, fax, telephone). Henceforth, payment instructions will be accepted and processed on business days from 8.30 a.m. till 6.30 p.m. (Latvian time).

2. The Bank introduces “cut off time” - 1.30 p.m. (Latvia time) for sending wire transfers in US dollars and euro. This means that all payments of customers accepted by the Bank (at branches or via remote banking systems) by 1.30 p.m. will be sent by the Bank on the same day. While payments accepted by the Bank after 1.30 p.m. will be sent on the next business day.

Should you require more details concerning the above-described changes, feel free to contact the Bank’s Customer Information Service at +371 7025555 or via e-mail info@rietumu.lv.