RMB Investment and Corporate Banking South Africa Audit Confirmation Instructions

Published: 05/12/2024

This guide highlights RMB Investment and Corporate Banking South Africa's specific instructions on accepted form types and how to setup the different form types for relevant bank accounts. FNB Corporate is housed by RMB, and bank confirmations for FNB Corporate clients can now also be completed through Confirmation.com.

RMB Investment and Corporate Banking South Africa Departments Not Available on Confirmation.com

The majority of RMB Corporate and Investment Banking South Africa's confirmations are facilitated through Confirmation.com. There are however a few areas that are not availing of this service. Below is a list of those areas and where confirmations are to be referred to.

Division / Subsidiary / Department	Instructions	Email addresses where requests are to be sent to
Ashburton	All requests are to be emailed to the relevant address under cover of a letter of authorisation, signed by the client. This letter must be signed in line with the client's Resolution, Minutes of the Meeting or Delegation of Authority, that are on the bank's records. The letter of authority is to grant the bank permission to release information to the auditing firm	clientservice@ashburton.co.za
FNB Home Loans		cpfcorrespondence@fnb.co.za
FNB Securities		Tumiso.Thoka@fnb.co.za	Rungilla.Sewpaul@fnb.co.za
RMB / FNB India		eastcoastauditreports1@fnb.co.za
RMB / FNB Lesotho		lmothibe@fnb.co.ls
RMB / FNB Mozambique		corpservices@fnb.co.mz	DLFNBCCIBServiceCenter@fnb.co.za
RMB / FNB Namibia		csc@rmb.com.na
RMB / FNB Nigeria		dlrmbnigeriainternalauditteam@rmb.co.za
RMB / FNB Swaziland		Simanga.Dlamini@fnb.co.sz
RMB / FNB Zambia		BMumba@fnbzambia.co.zm	cibqueries@fnbzambia.co.zm
RMB Morgan Stanley		jackie.davids@rmb.co.za
Wesbank		services@wesbank.co.za

Audit Confirmations for RMB Botswana accounts must be logged on confirmation.com under the responder RMB Botswana.

eBucks accounts are not considered as a legal tender and cannot be converted to cash. eBucks points are only redeemable within the FirstRand network. Therefore, no audit confirmations are done on eBucks accounts.

RMB requires authorisation from its clients to release information to auditing firms. This authorisation can be done through one of the following:

A letter signed by personnel who were given the authorisation by means of a Company Resolution, Minutes of the Board / Trustees Meeting or Delegation of Authority.

No letter of authorisation is required if the client has supplied the bank with a resolution (or equivalent) where the specific auditing firm was appointed. In this case, the bank will only accept Audit Confirmation requests from the appointed auditing firm.

RMB Investment and Corporate Banking South Africa's Accounts

Account Name	Account Digits	Account Structure
Current	Consist of 11 digits	5XXXXXXXXXX (Starts with a 5/6. No 0 included before/after)
Call	Consist of 11 digits	5XXXXXXXXXX (Starts with a 5/6. No 0 included before/after)
Cheque	Consist of 11 digits	5XXXXXXXXXX (Starts with a 5/6)
Cash Management	Consist of 11 digits	5XXXXXXXXXX (Starts with a 5/6)
Investment	Consist of 11 digits	7XXXXXXXXXX (Starts with a 7)
CFC	Consist of 5 digits	XXXXX
Personal Loan	Consist of 13 digits	40000XXXXXXXX (Starts with a 40000)
Safex/Client Code	Consists of 6 digits	AXX1XX (3 Alphanumeric and 3 numeric)

Instructions:

RMB Investment and Corporate Banking South Africa's 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.

RMB will accept Client Authorizations as per company resolution or equivalent authority held with the Bank.
Please ensure the required number of Client Electronic Signatures/Signer names as per resolution or equivalent authority is obtained before forwarding the requests to RMB to prevent denials and time delay.

Important:

The Cash Management Form and Letters of Credit Form are not used by RMB Corporate and Investment Banking.

For Letters of Credit, use the ZA-Contingent Liabilities & Guarantees form
Cash Management facilities are reported on the ZA-Asset form

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 Cheque CFC/FCA Investment Term Deposit Trades (Swaps) Cash Management
	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.	Credit Card Call Loan Term Loan Personal Loan Deal Numbers for IBD Loan
	Click here for a detailed explanation of the ZA - Liability Form
ZA - Contingent Liabilities & Guarantees	Provides information on written guarantees and other contingent liabilities.	Entity wide basis Only need to set up one form, with a main account number.	Current Cheque
	Click here for a detailed explanation of the ZA - Contingent Liabilities & Guarantees Form
ZA - Signatories	Provides a list of authorised signatories on the client account and documentation with regards to the power of attorney.	Entity wide basis Only need to set up one form, with a main account number.	Current Cheque
	Click here for a detailed explanation of the ZA - Signatories Form
ZA - Derivative	Provides information on foreign exchange contracts and other derivative positions etc. NB: Please note that this form has two set instructions on transactional accounts and other accounts.	Individual account basis Only need to set up one form, with a main account number. Entity wide basis	Current Cheque Safex/Client code Transactional accounts
	Click here for a detailed explanation of the ZA - Derivative Form
ZA - Bills	Provides information on bills of exchange. Note: Account Balances are not provided; for balances use ZA - Asset / ZA - Liability form.	Individual account basis A separate ZA-Biils form needs to be set up per account number.	Custody accounts
Click here for a detailed explanation of the ZA - Bills Form
ZA - Securities	Provides information on Debt, Equity, and Hybrid securities (instruments). Please note: This form is not used to provide Security/Collateral/Surety- this surety information is provided on the Asset and Liability form.	Individual account basis A separate ZA-Biils form needs to be set up per account number.	Trade (Treasury Bill)
	Click here for a detailed explanation of the ZA - Securities Form