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Basic Services

Payment Instructions

Your payment instructions that are sent to SMBC by SWIFT MT1XX - MT2XX are processed promptly and accurately by Straight Through Processing (STP) or by our well-trained and highly experienced operational staff. Fund transfers are executed through FXYCS and at the same time your account is debited with the transferred amount. To facilitate the processing of an enormous volume of Yen, SMBC has a direct link to Bank of Japan's Central Processing Unit (CPU), the core unit of the FXYCS.

Cut-off Time for Same Day Value Transactions

Commercial Payments (MT103)	12:00 JST
Inter-bank Payments (MT202)	13:00 JST

* Requests received after cut-off time is processed on a "best effort" basis.

Commercial Payment Products

In addition to interbank payments, we have a full product line of commercial payment related services. We serve you in a timely and efficient manner.

• Telegraphic money transfer.
• Issue, advise, confirm, settle and reimburse commercial Letter of Credit.
• Collection and cash letter service for Japanese Travelers Cheques.
• Other commercial payment products.

SMBC provides a wide range of services for yen clearing and settlement.

Reporting Service Various account reporting services through SWIFT	SWING Service Overnight investing service for yen clearing account
Cash Letter Service SMBC offers yen travelers' cheque bulk collection service	WEB Reporting Service Real time account monitoring through our website
Continuous Linked Settlement (CLS™) SMBC is a major CLS Yen Nostro Agent.

General Terms & Conditions

For our standard Terms & Conditions, please click below

"TERMS AND CONDITIONS for International Correnspondent Banks" (PDF Data:71KB)  (PDF)

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