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Important Information Regarding Payment Selection

Multiple Payments

Please note that when executing multiple payments from an FX contract, all instructions and approvals of payments must be completed on trade date by 2:00 PM PT / 5:00 PM ET.

If the instructions and approvals have not been received by the 2:00 PM PT / 5:00 PM ET cut off, First Citizens Bank will cancel or offset the portion of the FX contract that is still outstanding which could potentially result in FX losses to you.

Single Payments

Please note that when executing a payment from an FX contract, instructions and approvals of payment must be completed on trade date by 2:00 PM PT / 5:00 PM ET.

If the instructions and approvals have not been received by 2:00 PM PT / 5:00 PM ET, First Citizens Bank cannot deliver funds on original value date.

If First Citizens Bank has not received the instructions and approvals within 2 business days,  First Citizens Bank will cancel or offset the FX contract which could potentially result in FX losses to you.

Exotic Currency Payments

For certain exotic currencies, First Citizens Bank must receive instructions and approvals by 1:00 PM PT /4:00 PM ET on trade date, or First Citizens Bank will cancel or offset the FX contract which could potentially result in FX losses to you.

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