Products and services

FX4Cash Archived Alerts

2016

Jul 25, 2016

GTQ: Guatemalan Quetzal

GTQ payments to beneficiaries who are individuals are temporarily unavailable via FX4Cash; expected to be re-introduced soon.
GTQ payments to all other beneficiary types are not affected.

Jul 01, 2016

BYR: Re-denomination

Effective July 1, 2016 Belarus has adopted BYN as its legal tender after the re-denomination of BYR. 

Apr 07, 2016

Effective July 1, 2016 Belarus will be adopting BYN as its legal tender after the re-denomination of BYR.

Apr 22, 2016

PHP: Philippine Peso

Due to stricter AML regulation all payments must include the following information for both the by order party, as well as the beneficiary party, account number, name, and address. If the information is not provided, all payments will automatically be rejected.

Apr 12, 2016

KYD: Cayman Island Dollar Temporarily Suspended

Temporarily not available via FX4Cash but is expected to be re-introduced soon.

2015

Dec 17, 2015

FX4Cash Holiday Schedule

FX4Cash Holiday Market Hours will be as follows:

December 24, 2015: Market hours in operation with a scheduled close of 17:00 New York time (22:00 GMT).

December 25, 2015: Closed. Prices will not be available.

December 27, 2015: Pricing will resume as normal market open of 05:00 Sydney time (18:00 GMT on the 27th).

December 31, 2015: Normal market hours in operation with a scheduled close of 17:00 New York time (22:00 GMT).

January 1, 2016: Closed. Prices will not be available.

January 3, 2016: Pricing will resume as normal market open of 05:00 Sydney time (18:00 GMT on the 3rd).

Note: A Fixed Rate Sheet will be sent on the 25th Dec but rates are untradeable, No Fixed Rate Sheet will be sent on the 1st Jan.

All ‘auto-convert’ instructions submitted during closed period will default to the next available tradable business date. The applicable rate will be the rate available on that next tradable date, not the date the transaction was received by the Bank.

Whilst we will attempt to support pricing on a best efforts basis, certain currency pairs may experience reduced liquidity in the market, or may not be available at all.

In case you need further clarification on the availability of FX rates during these holidays or have an inquiry requiring operational or product assistance, please contact us at fx4cash.center@db.com.

Regards,
The FX4Cash Team

Dec 16, 2015

ARS: Argentine Peso - Temporarily Suspended

Per the central bank announcement regarding the lift of FX controls in Argentina, FX4Cash has temporarily suspended all ARS trades. We will provide more information as it becomes available.

Dec 03, 2015

ARS: Argentine Peso - Deliverable Banks

Please note that we are only able to make ARS payments to beneficiaries that hold ARS accounts at these banks:

Banco Frances
Banco Macro
Banco de la Nacion Argentina
Citi Argentina
Banco Santander Rio
Banco de la Provincia
Banco Credicoop
HSBC Argentina
Standard Bank/Industrial and Commercial Bank of China
Banco Galicia

Jun 23, 2015

UYU: Uruguay HSBC

Effective immediately, we are no longer able to process UYU payments to beneficiaries that hold UYU accounts with HSBC Uruguay. 

May 07, 2015

NGN: Nigerian Naira Change in Monetary Policy

Central Bank Circular of April 17, 2015 prohibits to use of any other currency but NGN for the payment of domestic transactions originated in Nigeria. 

Mar 09, 2015

PGK: Papua New Guinean Kina Trading Re-Introduction

PGK is now available for trading.
March 6,2015: Temporarily suspended via FX4Cash due to market prices not being available pending announcement of central bank. 

Mar 06, 2015

BYR: Belarusian Ruble Trading Re-Introduction

BYR is now available for trading.
December 22, 2014: Temporarily not available via FX4Cash due to the suspension of the FX Market by the Central Bank. 

Feb 17, 2015

ANG Netherlands Antilles Guilder Changes to list of banks we are able to deliver to

ANG Netherland Antilles Guilder We are unable to make ANG payments to PONECWC1 - Postpaarbank Van De Nederlandse, NCRTCWCA - Banco Nacional de Credito CA, GIRCCWCC - Girobank International, BBICCWCW Blue Bank Internation, UDIBCWCU - United international, CARACWCU Bancaribe Curacao, CITCCWCU Citco Banking Corporation, FCIBCWC2 - First Caribbean International 

Feb 17, 2015

DOP: Dominican Republic Peso Changes to requirements

Please note Tax/ID requirements are necessary: for individuals an 11 digits "cedula" or their passport number, and for institutions this will be the "RNC". 

Jan 29, 2015

Republic of Kosovo: IBAN Requirement

IBAN is required as of February 1, 2015 (20 alphanumeric characters). 

Jan 29, 2015

Asian Currency Union Regulations in India

Clients based in India cannot initiate payments to Bangladesh (BDT), Pakistan (PKR), Sri Lanka (LKR) and Nepal (NPR) through FX4Cash since these currencies are governed by the Asian Currency Union (ACU) regulations in India. Local operations in India have a separate manual mechanism to initiate payments to these countries. Please contact the FX4Cash Product Specialist team for any queries or clarifications on this. 

2014

Dec 23, 2014

HNL: Honduran Lempira - Payment Update

Effective immediately, individual to individual payments will no longer be supported via FX4Cash. Payments from corporations/organizations to individuals are only accepted if they are for salary payments or consultant fees. To ensure these payments are completed on a timely basis, please include purpose of payment at all times.

Dec 18, 2014

FX4Cash Holiday Schedule

FX4Cash Holiday Market Hours will be as follows:

24th December Normal market hours in operation with a schedule close of 17:00 New York time (22:00 GMT)

25th December Closed. Prices will not be available.

26th December Pricing will resume as normal market open of 05:00 Sydney time (18:00 GMT on the 25th)

31st December Normal market hours in operation with a scheduled close of 17:00 New York (22:00 GMT)

1st January Closed. No pricing available.

2nd January Pricing will resume as normal market open of 05:00 Sydney time (18:00 GMT on the 1st)

All ‘auto-convert’ instructions submitted during closed period will default to the next available tradable business date. The applicable rate will be the rate available on that next tradable date, not the date the transaction was received by the Bank.

Whilst we will attempt to support pricing on a best efforts basis, certain currency pairs may experience reduced liquidity in the market, or may not be available at all.
In case you need further clarification on the availability of FX rates during these holidays or have an inquiry requiring operational or product assistance, please contact us at fx4cash.center@db.com.

Regards,
The FX4Cash Team

Nov 18, 2014

JOD: Jordanian Dinar Purpose of Payment Requirements

Effective January 1, 2015 All payments must include a Purpose of Payment or risk being rejected. Please select the purpose of payment from the table on the currency guide. The code followed by the description should be entered in the remittance information field (f70). Please see the currency guide for full details on formatting.

Nov 14, 2014

LTL: Lithuanian Litas Adopts the Euro as Legal Tender

Effective January 1, 2015 Lithuania will be adopting the EURO as its legal tender.
As of December 17, 2014, LTL will no longer be available on FX4Cash. 

Jul 31, 2014

AZN: Azerbaijan New Manat Temporarily Suspended

Temporarily not available via FX4Cash 

Jul 10, 2014

TWD: Taiwan Dollar - No longer necessary for pre-approval of amounts over USD 1 million

It is no longer necessary to inform your Client Service Officer for amounts over equivalent of USD 1 million.
Please consult the currency guide details for full requirements and details. 

Apr 24, 2014

VND: Vietnamese Dong - Changes to Requirements

VND: Vietnamese Dong
For beneficiaries that are individuals, the date of birth will now be required.
In order to improve the payment process, the beneficiary bank's CITAD code (8 digits), payment clearing code is strongly recommended. The first 2 digits represent the Region code, followed by 3 digits representing the Bank Code; the next 3 digits identify the Branch.
The business registration number (business/corporate) is no longer required.

Apr 14, 2014

AMD: Armenian Dram

Supporting documentation is necessary for amounts above AMD 20 million, if the remitter is not the same as the beneficiary. 

Apr 10, 2014

BSD: Bahamian Dollar

We are only able to effect payments to the following beneficiary banks: Royal Bank of Canada, First Caribbean Bank, and Scotia Bank. 

Feb 12, 2014

HRK: Croatia Kuna

HRK: Croatian Kuna
IBAN is required as of June 1,2014 (21 alphanumeric characters). 

Jan 15, 2014

June 5, 2014 REMINDER CNH: China Off-shore Renimbi New CNAPS Codes

New Purpose of Payment codewords will become effective as of May 19, 2014. This is a mandatory requirement. Please see the CNH currency guide details for the new table of codes. 

Jan 15, 2014

IBAN Requirements for QTR and JOD

May 29,2014 REMINDER
IBAN is now required for JOD and QAR.
JOD Jordian Dinar: IBAN is a mandatory requirement (30 alphanumeric characters) effective February 2, 2014.
QAR Qatar Riyal: IBAN is a mandatory requirement (29 alphanumeric characters) effective May 1, 2014. 

2013

Dec 22, 2013

FX4Cash Holiday Schedule

Happy Holidays! FX4Cash Holiday Market Hours will be as follows:

24th December Pricing will remain available until the market close of 17:00 New York time (22:00 GMT)

25th December Closed Prices will not be available.

26th December Pricing will resume at market opening of 05:00 Sydney time (18:00 GMT of the 25th) and will remain available for the rest of the week.

31st December Pricing will remain available until the market close of 17:00 New York time (22:00 GMT).

1st January Closed. Prices will not be available.

2nd January Pricing will resume at market opening of 05:00 Sydney time (18:00 GMT of the 1st).

N.B. All 'auto-convert' instructions submitted during closed periods will default to the next available tradable business date. The applicable rate will be the rate available on that next tradable date, not the date the transaction was received by the Bank.

In case you need further clarification on the available of FX rates during these holidays or have an inquiry requiring operational or product assistance, please contact us at fx4cash.center@db.com.

Regards,
The FX4Cash Team

Dec 13, 2013

LVL - Latvia Lats

FX4Cash will no longer support LVL from December 13th onwards in preparation for Latvia joining the Euro zone officially as of January 1,2014. The official central conversion rate will be 1EUR = 0.72804 LVL.

Nov 14, 2013

IQD - Iraqi Dinar

Effective immediately payments in IQD are temporarily unavailable in FX4Cash until further notice.

Nov 14, 2013

ARS - Argentine Peso

FX4Cash is able to execute ARS payments for all amounts. The minimum restriction of USD 50K restriction has been lifted. A one-time pre-trade set-up requirement is still necessary before executing the payment per beneficiary. Please review the list of beneficiary banks that we are able to make payments to. They are listed on the currency guide.

Sep 17, 2013

DZD: Algerian Dinar

Beneficiary account number must be formatted as 20 digits.

Aug 27, 2013

RUB: Russian Ruble

Effective September 1,2013 - Updated VO Code List, an amendment to regulation 138-I.
Please see the currency details for RUB on the currency guide for new VO Code list.

Aug 15, 2013

EGP: Egyptian Pound

EGP Payments may be delayed.
This is an update on EGP payments given the political/market conditions in the market. Local market is working half days, and therefore payments may be delayed. Central Bank has announced a banking holiday today, (August 15th). Overall there has been no disruption to service.

Jun 20, 2013

VND: Vietnamese Dong

Effective immediately, VND is available.

Jun 07, 2013

VND: Vietnamese Dong

Please note VND is temporarily unavailable in FX4Cash

Jun 06, 2013

HRK: Croatia Kuna

Effective immediately, IBAN is recommended on all payments. It consists of 21 characters. It will be a requirement from June 1,2014 onwards.

May 28, 2013

PKR Pakistan Rupee

Effective immediately The following are new requirements for payments in Pakistan.
(1) Beneficiary contact information (Name, address, telephone number, and email)
(2) Beneficary Bank IBAN

Apr 24, 2013

BWP: Botswana Pula

The beneficiary bank information must also have either the branch name or branch code. The branch code is comprised of 6 digits.

Apr 22, 2013

KRW: Korean Won

Minimum threshold has been increased to KRW 50,000 per transaction.

Apr 02, 2013

CLP: Chilean Peso Minimum threshold per transaction

A minimum threshold of USD 50.00 equivalent per transaction is effective immediately.

Apr 02, 2013

BRL: Brazilian Real IBAN Requirement

IBAN (29 characters) is now required on all payments to Brazil.

Mar 06, 2013

MAD: Moroccan Dirham

Beneficiary account number must be provided in complete format or payments will be rejected in local clearing systems: 24 digits

Feb 28, 2013

GEL - Georgian Lari Change to regulations

The regulations have changed in Georgia whereby we are no longer able to make payments to third parties. We can only make GEL payments if the ordering customer is the same as the receiving Party.

Feb 05, 2013

AZN - Azerbaijan New Manat New Requirements

It is now necessary to provide the IBAN number (28 letters and numerical digits), a Tax ID of the beneficiary, and the Beneficiary Bank's Branch Code (6 digit numercial code, along with the purpose of payment for each transaction.

Feb 05, 2013

TWD - Taiwan Dollar Documentation Requirements for deals over USD 1 million Equivalent

The burden of documentation passes onto the remitter for all transactions over USD 1 million equivalent. The remitter must provide a copy of documentation relating to the declared purpose of payment to the Client Service Officer or FX4Cash.Ops@db.com prior to execution. FX4Cash and it's external provider will apply to the Central Bank for approval to execute the transaction on the remitters behalf based on the documentation and purpose of payment provided. The approval process typically takes 24 hours at most. Upon approval, the remitter will be contacted for further coordination for execution.

Feb 05, 2013

GEL - Georgian Lari New Requirements

Effective immediately, please provide the IBAN number together with the purpose of payment for each transaction.
IBAN is composed of 22 letters and numbers.

Jan 17, 2013

CNH - Off-shore CNY now available as receivable and new debit locations

CNH - Off-shore CNY is now available as a receivable currency. Also, CNH is now available as a debit currency for the locations of Hong Kong and Singapore.

Jan 14, 2013

New URL for FX4Cash Internet Site

The new URL for access to the FX4Cash internet site for the latest version of the currency guide is:
https://www.db.com/fx4cash

Jan 14, 2013

Forwards Suspended in FX4Cash

As of December 8th, FX4Cash has suspended payments for forward trades with a tenor (value date) greater than spot, due to the Dodd Frank Regulation.

2012

Dec 17, 2012

FX4Cash Holiday Schedule

Happy Holidays! FX4Cash Holiday Market Hours will be as follows:

24th December: pricing will remain available until the market close of 17:00 New York time (22:00 GMT).

25th December: closed – prices will not be available.

26th December: pricing will resume at market opening of 05:00 Sydney time (18:00 GMT of the 25th) and will remain available for the rest of the week.

31st December: pricing will remain available until the market close of 17:00 New York time (22:00 GMT).

1st January: closed – prices will not be available.

2nd January: pricing will resume at market opening of 05:00 Sydney time (18:00 GMT of the 1st).

Note that all 'auto-convert' instructions submitted during closed periods will default to the next available tradable business date. The applicable rate will be the rate available on that next tradable date, not the date the transaction was received by the Bank.

In case you need further clarification on the availability of FX rates during these holidays or have an inquiry requiring operational or product assistance please contact us at fx4cash.ops@db.com and fx4cash.group-4@db.com.

Regards,
The FX4Cash Team

Dec 14, 2012

Temporarily Suspending Trading LBP - Lebanese Pounds

FX4Cash announces a change in its payment capability for: LBP Lebanese Pounds
Effective immediately we are temporarily suspending this capability.
We will be providing more information as it becomes available.

Dec 10, 2012

Temporary Changes to Currency Payment Capabilities: ZAMBIA KWACHA

As of January 1st the Zambian Kwacha will be redenominated (1/1000), and the currency code will change from ZMK to ZMW. Officially ZMK will be continued to be traded until December 31st and from January 1st onwards ZMW will be used. FX4Cash will temporarily stop the payment capability of ZMK on Dec 19th . Reinstatement of payment capabilities to Zambia will be announced at a later time.

Sep 28, 2012

RUB - Russian Ruble - New VO Codes

New VO Codes for currency transactions effective Oct 1st, 2012.
Both the VO code as well as the payment description, or Purpose of payment, must be explicitly mentioned in the Transaction Details fields of the Payment Instruction, expected format: ((VO12345))+free format text.

Jul 19, 2012

IDR - Indonesian Rupiah New Requirements

The purpose of payment must be included in the payment detail (field 70) of each payment.
Please use the exact text from the "Type of Transaction Purpose" table on the details page for IDR.
This is necessary information for each transaction based on currency regulation and required Central Bank reporting.

Jul 16, 2012

Minimum Threshold for the Following Currencies:

HKD- Hong Kong Dollar of HKD 150.00 per payment.
IDR - Indonesian Rupiah of IDR 200,000 per payment. (IDR Restriction is no longer valid).
UGX - Ugandan Schilling of UGX 50,000 per payment. 

Jun 25, 2012

CNH - Off-shore CNY now available for payables

CNH - (Off-shore CNY) is currently available for payments between CNH accounts held off-shore as well as X-border payment into mainland China.
CNH payments between off-shore accounts:
Can be used for all payment types.
Beneficiary can be a corporate.
Beneficiary can be an individual.
CNH payments into mainland China (X-border):
Can be used for commercial and trade related payments, and capital flows (goods and services relating to import/export, capital, and intercompany flows).
Beneficiary must be a corporate that has import/export scope in their business license.
Beneficiary cannot be an individual.

May 24, 2012

New Purpose of Payment/Documentation Requirements

Please provide Purpose of Payment for the following currencies:
IDR- Indonesdian Rupiah: (Please consult the currency guide for complete list). KRW- South Korean Won (Please provide the purpose of payment as well as the beneficiaries name and telephone number for all deals). MYR- Malaysian Ringgit: (Please consult the currency guide details for formatting requirements). NPR- Nepalese Rupee: Purpose of payment must be provided. TWD-Taiwan Dollar: (Please provide the purpose of payment as well as the beneficaries name and telephone number for all deals.) 

Feb 24, 2012

KES - Kenyan Schilling

Please note that MT202's are not supported in this currency. Movement of KES between two off-shore banks is not permitted. Customer's can not be a financial institution.(Nov 10th,2011)KES - Kenyan Schilling is now available again. It had been temporarily unavailable since Oct 25,2011 due to a change in FX controls. 

2011

Dec 23, 2011

IBAN requirements for:

AED - United Arab Emirates by November 19,2011 (three month grace period will be granted ending Feburary 17,2012).
BHD - Bahraini Dinars by January 31, 2012
TRY - Turkish Lira by January 1,2012 (Requirements Postponed to 2013 as of Dec 23,2011)

Nov 10, 2011

LBP- Lebanese Pound

Effectively immediately, the purpose of payment is required for all deals.

Sep 23, 2011

VND - Vietnamese Dong

Please note that the Bank Code number is no longer a requirement.

Sep 15, 2011

PEN - Peruvian Nuevo Sol

Additional requirement: Beneficiary Tax id number (RUC) must be included with payment Detail. 

Sep 15, 2011

CRC - Costa Rican Colon

Additional requirement: Beneficiary Tax id number (Cedula Jurdica) must be included with each payment detail. 

Sep 15, 2011

PYG - Paraguayan Guarani

We are only able to make PYG payments to beneficiaries that hold their PYG accounts with Itau/Interbanco and Citibank Paraguay branches.

Aug 11, 2011

AZN - Azerbaijan New Manat

Effective immediately AZN has been re-enabled. Payments in AZN are available again. The reason for the interruption was a technical one, not the merit of any changes in the market place. 

Aug 03, 2011

COP - Colombian Peso

FX4Cash announces a temporary change in it's abilility to delivery COP.
Unfortunately, we will only be able to deliver COP when the beneficiary account resides with the following banks:
Banco de Bogota, Bancolombia, Banco de Occidente, Banco AV Villas, Citi Bank, Helm Bank,
Please note that Pre-trade requirements otherwise have not changed. Below is a copy of the currency guide with the pre-trade requirements. 

Apr 16, 2011

EGP-Egyptian pounds

We are now able to make payments only for value spot. Please provide purpose of payment. 

Apr 16, 2011

RSD-Serbian Dinars

Both paymens and receivables, pre-spot and spot are available. 

Feb 09, 2011

XOF-Ivory Coast

FX4Cash has suspended transactions to the Ivory Coast only, the RTGS system at the regional Central Bank continues to be suspended. 

Jan 01, 2011

KWD- Kuwaiti Dinar

Introduction of the use of IBAN for all inward an outward commercial transfers between local banks.

Payments to ARS, AZN, IQD, ISK, KYD, LBP, MKD and VEF are temporarily suspended.

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