Universal Coordinated Time

It said that from 8 a.m. universal coordinated time on Wednesday, customers would no longer be able to deposit funds through the Single Euro Payments Area, or Sepa, schemes, according to the newspaper.

Arriving at Universal Coordinated Time for the world is a matter of consensus.

As midnight approached, the official atomic clocks that keep Universal Coordinated Time marked the time as 23h 59m 59s, followed by the leap second 23h 59m 60s.

For decades, the world’s primary timescale, Universal Coordinated Time, has been hitched to the numbers put forth by a network of atomic clocks scattered around the globe, including NIST-F2.

To keep our atomic clocks from running too far ahead of time as determined by the Earth’s rotation, every year or two the captains of global timekeeping add a second to atomic time before broadcasting this adjusted time out to the world as Universal Coordinated Time.