Investec Corporate and Institutional Banking 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. |
- Call Deposit
- Investment
- CFC
- Wholesale Deposits
|
| | 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. |
|
| | Click here for a detailed explanation of the ZA - Liability Form |
ZA -
Signatories | Provides a list of authorized signatories on the client account and documentation with regard to the power of attorney. | Entity wide basis
Only need to set up one form, with a main account number. |
- Call Deposit
- Investment
- CFC
- Wholesale deposit
|
| | Click here for a detailed explanation of the ZA - Signatories Form |
ZA -
Derivatives | Provides information on foreign exchange contracts and other derivative positions etc. This information is supplied on an entity basis. | Entity wide basis
Only need to setup one form, with a main account number. |
- Call Deposit
- Investment
- CFC
|
| | Click here for a detailed explanation of the ZA - Derivatives Form | | |
|
Note: Authorisation is required from only one client signer
Instructions:
The below guide highlights Investec Corporate and Institutional Banking South Africa's specific instructions on accepted form types and how to setup the different form types for relevant bank accounts.
Investec Corporate Bank South Africa's 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.
Investec Corporate and Institutional Banking South Africa Accounts
| Account Name | Account Digits | Account Structure |
|---|
| Call Deposit | Consists of 11 or 13 digits | 300 0XXX XXXX (Starts with 3000/4000/1300/1400) |
| CFC Account | Consist of 13 digits | 130 0XXX XXX XXX (Starts with 1300/1400) |
| Corporate Loan | Consists of 11 or 13 digits | 300 0XXX XXXX (Starts with 3000/4000/1300/1400) |
| Wholesale Deposits | Consists of 11 or 13 digits | 300 0XXX XXXX (Starts with 3000/4000/1300/1400) |
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