Íslandsbanki provides services to international financial institutions. Those include ISK cash accounts and clearing, commercial payments, custody and sub-custody of Icelandic securities. Here you will find basic information on the services Íslandsbanki offers international financial institutions, practical information and contact details.
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 account statements are free of charge. |
Income processing | |
Corporate actions |
Please find below a calendar of public holidays in Iceland
Holidays 2024 | Date | |
New Year’s Day | Monday 1 January | Closed |
Maundy Thursday | Thursday 28 March | Closed |
Good Friday | Friday 29 March | Closed |
Easter Monday | Monday 1 April | Closed |
First Day of Summer | Thursday 25 April | Closed |
Labor Day | Wednesday 1 May | Closed |
Ascension | Thursday 9 May | Closed |
Whit Monday | Monday 20 May | Closed |
Independence Day | Monday 17 June | Closed |
Commerce Day | Monday 5 August | Closed |
Christmas Eve | Tuesday 24 December | Closed |
Christmas Day | Wednesday 25 December | Closed |
Boxing Day | Thursday 26 December | Closed |
NewYear’s Eve | Tuesday 31 December | Closed |
If you have any questions, please contact your relationship manager.
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)
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 | Beneficiary BIC: GLITISREXXX |
Sweden | SEB | ESSESESS | 01-100339639 own acc | Beneficiary BIC: GLITISREXXX |
UK | Clearstream | CEDELULL | 14302 | Clearstream's Crest ID: 00XJJ |
US | Clearstream | CEDELULL | 14302 | Citibank, DTC 0908 |
US Bonds | Clearstream | CEDELULL | 14301 or 14302 | Citibank NYC, CUST ABA 021000089 |
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
