Investec Bank - Corporate Cash Manager (CCM) Audit Confirmation Instructions

Published: 22/12/2023

Investec Bank - Corporate Cash Manager (CCM) 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
Escrow/Trust Account	Provides information on balances, Interest, collateral/security/facilities. An asset account is typically a current; cheque; deposit; saving; or investment etc.	Entity wide basis Only one Escrow/Trust account should be loaded per entity. Note: Account numbers should start with 1100 and not 5000 and the BCN number should be provided	CCM
	Click here for a detailed explanation of the Escrow/Trust Account Form

Note: Authorisation is required from only one client signer

Instructions:

The below guide highlights Investec Bank - Corporate Cash Manager's (CCM) specific instructions on the accepted form type.

Investec Bank South Africa Departments Not Available on Confirmation.com

These are departments that have not launched on Confirmation.com as of yet. Should an auditor want a confirmation from any of these departments, they would need to contact the department directly. Confirmation.com is constantly adding bank departments onto the system and will notify auditors once these additional departments have launched. Please refer below to a list of email addresses that can be used for manual requests.

Department Name	Email Address
Investec Wealth and Investment	ISL_BusinessServices@investec.co.za
Investec Asset Management	comm.centre@investecmail.com

Investec Bank - Corporate Cash Manager (CCM) Accounts

Account Name	Account Digits	Account Structure
CCM Accounts	Consists of 14 digits	1100 - XXXXXX - YYY

The middle 6 digits is known as the BCN number and this will be the same for all sub accounts a client may have. Auditors need to ensure that the account number loaded starts with 1100 and contains the BCN number.

Note: Authorisation is required from only one client signer

Rate this article:

Processing...

(Popularity = 12/100, Rating = 0.0/5)