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)
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
