RMB Investment and Corporate Banking South Africa Audit Confirmation Instructions

Published: 14/05/2024

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 Investment and Corporate Banking South Africa's confirmations can be facilitated through Confirmation.com. There are however a few departments that are in the process of being on boarded and have thus not launched on Confirmation.com 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 to send a manual paper request to the bank.

Department Name	Email Address
Wesbank	services@wesbank.co.za
FNB Home loans (Property Finance)	cpfcorrespondence@fnb.co.za

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.

FirstRand Bank will accept Client Authorizations as per signing arrangements held with the Bank.
Please ensure the required number of Client Electronic Signatures/Signer names as per Bank mandates are obtained before forwarding the requests to FirstRand Bank to prevent denials and time delay

NB: The Cash Management and Letter of Credit forms are no longer accepted. Should you wish to confirm:

Cash management facilities send an Asset form.
Letters of Credit send a Contingent Liabilities and Guarantees form.
You can still send a Securities form for Custody accounts, however, if you want to confirm collateral you need to send an 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