The maximum time needed to execute transactions depends on few factors:

• ACE Europe will start to execute the transaction when two factors are completed: receiving the funds from the Customer and confirmation of an order. If an FX has been executed and applied to the order, ACE Europe will start to execute from the latest event: the moment of receiving currency from the Bank or Liquidity Provider or the moment of receiving the funds from Customer in sell currency by Service Provider.
  
  For the FX exchange orders ACE Europe will deliver the currency:
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  o G10 currencies delivery time is on the same day (t0) if the trade has been made before 5pm
  CET. G10: GBP, USD, EUR, CAD, AUD, JPY, NZD, NOK, SEK, CHF
  
  o For the World Currencies out of G10 delivery date can be up to 2 business days (t+2).
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• The time to execute transaction depends also on the gateway (banking system) used for the purpose of the Transaction and destination country:

Time for delivery:

• Immediate Faster payments (GBP only) before cut off time on same day (t0), after cut off time on the next day (t+1).

• Future-dated Faster payments (GBP only) before cut off time on the next business day (t+1)

• CHAPS (GBP only) before cut off time on the same day (t0), after cut off on next day (t+1)

• SEPA before the cut off time: (t+1), after the cut off time (t+2)

• SWIFT: USD to US, CAD to Canada before the cut off time: (t0) after cut off (t+1)

• SWIFT: all remaining i.e. USD to Poland, HKD to Hong Kong before the cut off time: (t+2)

ACE Europe payment cut-off times: