Danske Bank will generally pay suppliers at least two weeks earlier than mandated by existing terms of payment. This will speed up transfers of liquidity from the bank to its suppliers.
Early payments are in effect from 1 April 2020, and will result in early payment of hundreds of million DKK in total for several thousand suppliers across the countries that Danske Bank is in.
Under the standard terms of payment, Danske Bank has a 30-day period before payments are due. It is this standard that the bank will now deviate from due to the current extraordinary situation.