Pursuant to U.C.C. § 4-104, a banking day means a day on which a bank is open to the public for all of banking functions. Usually banking day is all days except Saturday, Sunday and legally defined holidays. Regulations D and CC of Federal Reserve Regulations deals with public holidays.
Once we received your initial deposit for leasing or Purchasing a Bank Instrument, please allow 3 business days for processing.
1. Bank Instrument Leasing process via Euroclear: 35 Banking Days (after initial deposit has been received).
2. Bank Instrument Leasing process via Swift: 7 Banking Days (after initial deposit has been received).
3. Bank Instrument Monetization process via Euroclear: 30 Banking Days.
4. Bank Instrument Monetization process via Swift: 14 Banking Days.
5. Bank Instrument Leasing and monetization process via Euroclear: 65 Banking Days (after initial deposit has been received).
6. Bank Instrument Leasing and monetization process via Swift: 21 Banking Days (after initial deposit has been received).