-

Payment Instruction Terms for Trade Loans

Client Agreement

References to “we”, “us” and “our” means Barclays Bank PLC.
Barclays Group means Barclays PLC and any of its subsidiaries.

Terms and Conditions of the Same Day Domestic Payments Service

  • Account and payment fees will apply in accordance with the terms of the customer agreement relating to your account.
  • Unless we agree otherwise, when we make a payment on your behalf we will decide how to send the payment.
  • You authorise us to debit and/or make the payments from any of your accounts held with the Barclays Group.
  • We do not accept any responsibility for any loss or damage caused by delays, interruptions, misinterpretations or errors in transmission or payment which are abnormal and unforeseeable and outside our reasonable control.
  • In any case, we will not be liable in any circumstances for any loss of business, goodwill or any type of consequential or indirect loss whatsoever.
  • We have disapplied some provisions of the following regulations of the Payment Services Regulations 2017: Regulations 48, 50, 51, 53, 54, 56, 66(1), 67(3), 75, 77, 79, 80, 83 and 91.

Terms and Conditions of the International Payments Services

  • Account and payment fees will apply in accordance with the terms of the customer agreement relating to your account. 
  • Unless we agree otherwise, when we make a payment on your behalf we will decide how to send the payment.
  • The payment will be sent in the currency of the destination country unless you tell us otherwise.
  • You authorise us to debit and/or make the payments from any of your accounts held with the Barclays Group.
  • Any value quoted by us is the date on which the funds will be available to the intermediary bank. The ability of the intermediary bank to pay the beneficiary on the same day will depend on the banking practice in the country concerned. Any timescales given for the date payments will be credited to the beneficiary’s bank account quoted by us are indicative only.
  • Unless otherwise stated to use an agreed forward exchange contract or to debit a currency account, in the case of a foreign exchange transaction, the rate of exchange applied to the payment will be that used by us on the date of processing.
  • We do not accept any responsibility for any loss or damage caused by delays, interruptions, misinterpretations or errors in transmission or payment which are abnormal and unforeseeable and outside our reasonable control or for any refusal by another institution to process your payment which results from your failure to fully and correctly comply with all requirements for the use of the Service. In particular, these requirements include providing the appropriate SWIFTBIC and IBAN details for the payment.
  • In any case, we will not be liable in any circumstances for any loss of business, goodwill or any type of consequential or indirect loss whatsoever.
  • The liability of any member of the Barclays Group for any loss, injury or damage resulting from any failure, delay or error shall be limited to interest calculated at a rate laid down by Regulations on the amount of the payment calculated from the end of the fifth banking business day (or any other date we specifically agree with you) following the date we accept your instructions to the date the funds are credited to the beneficiary’s bank.
  • You agree to us including your Name and Address within the payment instruction, so that we may comply with international and foreign payment regulations and requirements.
  • You agree to be bound by and to hold us harmless against all obligations and responsibilities imposed by foreign laws.
  • If you fail to provide, or provide inaccurate SWIFTBIC or IBAN information, we reserve the right to levy an additional charge to cover additional administration. Any additional charge will be notified to you. Participating banks are entitled to reject payments which do not quote these details or fail to quote them correctly and instructions without the correct details are accepted by us entirely at your risk that the payment will be refused. If the payment is cancelled our additional charge will remain payable by you.
  • We have disapplied some provisions of the following regulations of the Payment Services Regulations 2017: Regulations 48, 50, 51, 53, 54, 56, 66(1), 67(3), 75, 77, 79, 80, 83 and 91.

When you have finished reading, please close this window.