Citibank South Africa Audit Confirmation Instructions

Published: 21/02/2023

Citibank South Africa Form Setup Instructions

Depending on how information can be extracted from the bank systems, a form can be set up in 2 ways:

Individual account basis
The bank can only extract form details on an individual account basis. Auditors will therefore need to set up each account number as a separate form of the form type.
Entity wide basis
The bank can extract form details on an entity-wide basis. Auditors can therefore send a single form of the form type using a main account number. As information is supplied on an entity-wide basis all other account numbers do NOT need to be supplied.

Form Type	Form Description	Setup Instructions	Accepted Accounts
ZA - Asset	Provides information on balances, Interest, collateral/security/facilities. Note: The bank will provide overdraft information on the ZA - Asset form. An asset account is typically a current; cheque; deposit; saving; or investment etc.	Individual account basis A separate ZA-Asset form needs to be set up per account number.	Current Call deposit CFC
	Click here for a detailed explanation of the ZA - Asset Form
ZA - Liability	Provides information on balances, Interest, borrowing agreements, covenant details, collateral/security/facilities. Note: The bank will provide overdraft information on the ZA - Asset form. Only send a ZA - Asset form and not a ZA - Liability form for an account number that has an overdraft attached. A liability account is typically loans; advances etc.	Individual account basis A separate ZA-Liability form needs to be set up per account number.	Current
	Click here for a detailed explanation of the ZA - Liability Form
EMEA - Consolidated	The Consolidated form asks the responder, and participating departments, to perform a search of ALL client data. This form does not guarantee all client data will be retrieved but asks the responder to use their best efforts based on the data available to them. Be advised this is the most recommended form to avoid having requests that are duplicates and requests being deni	Entity wide basis Only need to set up one form, with a main account number	Current Call deposit CFC
	Click here for a detailed explanation of the EMEA - Consolidated form

Note: Authorisation is required from only one client signer

Instructions:

The below guide highlights Citibank South Africa's specific instructions on accepted form types and how to setup the different form types for relevant bank accounts.

Citibank South Africa Accounts

Account Name	Account Digits	Account Structure
Current	Consists of 10 digits	0XX XXXX XXX (Starts with 0)
Call Deposit	Consists of 10 digits	8XX XXXX XXX (Starts with 8)
CFC	Consists of 10 digits	0XX XXXX XXX (Starts with 0)