Fin­an­cial Insti­tu­tions

Íslandsbanki provides services to international financial institutions.  Those include ISK cash accounts and clearing, commercial payments, custody and sub-custody of Icelandic securities. 

Practical information


Here you will find basic information on the services Íslandsbanki offers international financial institutions, practical information and contact details.

Our services


Custody

Cash management

Custody and sub-custody services to international financial institutions.

ISK account services for foreign financial institutions.

Clearing and settlement

We offer competitive interest rates and fees

Safekeeping

Daily SWIFT MT950 messages are free of charge.

Income processing

Corporate actions

Proxy voting

Public Holidays in Iceland 2020


Please find below a calendar of public holidays in Iceland for 2020

Holidays 2020

Date

New Year’s Day

Wednesday January 1st

Closed

Maundy Thursday

Thursday April 9th

Closed

Good Friday

Friday April 10th

Closed

Easter Monday

Monday April 13th

Closed

First Day of Summer

Thursday April 23rd

Closed

Labour Day

Friday May 1st

Closed

Ascension

Thursday May 21st

Closed

Whit Monday

Monday June 1st

Closed

Independence Day

Wednesday June 17th

Closed

Commerce Day

Monday August 3rd

Closed

Christmas Eve

Thursday December 24th

Closed

Christmas Day

Friday December 25th

Closed

New Year’s Eve

Tuesday December 31st

Open 09-12 GMT

If you have any questions, please contact your relationship manager.

The Icelandic Securities Market


The Icelandic market has its characteristic features which  distinguishes it from other markets.  Here you will find basic information about the market infrastructure, taxation, cut-off time, account structure and more.

Iceland – Taxation (pdf)

Iceland – Market Information (pdf)

Standard settlement instructions

Clearing Country

Custodian

BIC

Account

Domestic Custodian

Denmark

SEB

ESSEDKKK

05295213819 own acc, 05295213096 client acc

Beneficiary BIC: GLITISREXXX,VPDKDKKK 05295

Norway

SEB

ESSENOKX

097500254988 own acc
097500239401 client acc

Beneficiary BIC: GLITISREXXX
Place of settlement: VPSNNOKK

Sweden

SEB

ESSESESS

01-100339639 own acc
01-100338055 client acc

Beneficiary BIC: GLITISREXXX
Place of settlement: VPCSSESS

UK

Clearstream

CEDELULL

14302

Clearstream's Crest ID: 00XJJ

US

Clearstream

CEDELULL

14302

Citibank, DTC 0908
Account 089154
First comment line CSC14302

US Bonds

Clearstream

CEDELULL

14301 or 14302

Citibank NYC, CUST ABA 021000089
In favor of: 089154 CSC14301 (CSC14302)

The BIC code of Islandsbanki is: GLITISRE

bofs@islandsbanki.is Tel. +354 440 4150

In the event of any operational difficulties or questions, please contact our Back Office, Clearing and Settlements

Contacts


Securities Settlement


Send e-mail+354 440 4150

FX Settlement


High value foreign currency payments.

Send e-mail

Interbank Funding


Send e-mail

Commercial Payments


Settlement of commercial payments.

Send e-mail

Relationship Management


Send e-mail