Confirmation.com - Standard Bank South Africa Audit Confirmation Instructions

Kindly note that our support team will be on training every Tuesday morning until 9am(SAST). Please access our knowledge base for further assistance

FAQ

Standard Bank South Africa Audit Confirmation Instructions

Published:  05/04/2024


Standard Bank 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
  • Investment
  • 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 
ZA - Contingent Liabilities & GuaranteesProvides information on written guarantees and other contingentEntity wide basis

Only need to set up one form, with a main account number.
  • Current
 Click here for a detailed explanation of the ZA - Contingent Liabilities & Guarantees Form
ZA - SignatoriesProvides a list of authorised signatories on the client account and documentation with regards to the power of attorney.Individual account basis

A separate ZA - Signatories form needs to be set up per account number.
  • Current
 Click here for a detailed explanation of the ZA - Signatories Form
ZA - DerivativeProvides information on foreign exchange contracts and other derivative positions etc.Entity wide basis

Only need to set up one form, with a main account number.

A full list of all FEC contracts linked to current account will be provided.
  • Current
 Click here for a detailed explanation of the ZA - Derivative Form
ZA -
Letter of Credit
Asks questions in relation to a letter issued by a bank to another bank to serve as a guarantee for payments made to a specified person under specified conditions.Entity wide basis

Only need to set up one form, with a main account number.
  • Current
 Click here for a detailed explanation of the ZA - Letter of Credit Form
ZA -
Bills
Provides information on bills of exchange.Entity wide basis

Only need to set up one form, with a main account number.
  • Current
 Click here for a detailed explanation of the ZA - Bills Form
Note: Authorisation is required from only one client signer

 

  Instructions:


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

Standard Bank South Africa Departments not available on Confirmation.com


The majority of Standard Bank South Africa 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 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 to send a manual paper request to the bank.

Department Name Email Address
Home loans (Property Finance) Propertyhomencar@standardbank.co.za
STANLIB contact@stanlib.com
VAFvafcorporatequeries@standardbank.co.za
Derivatives (FEC’s are provided via Confirmation.com)irdconfirmationssa@standardbank.co.za
Debtors Financesbsafactoring@standardbank.co.za


Standard Bank South Africa Accounts

 
Account NameAccount DigitsAccount Structure
CurrentConsist of 9 digitsXXXXXXXXX (can include a 0 before/after)
CallConsist of 6 digitsXXXXXX (no 0 included before/after)
InvestmentConsist of 9 digits & 3 investment digitsXXXXXXXXX - YYY (ends with 3 investment digits)
CFCConsist of 9 digits090XXXXXX (starts with 090)
 

 
 
Rate this article: 
  (Popularity = 53/100, Rating = 0.0/5)

   Related Articles

Standard Bank Loans and Other Liabilities Audit Confirmation Instructions Standard Bank Africa Audit Confirmation Instructions FNB Business and Commercial - Liability Form Setup Instructions RMB Investment and Corporate Banking South Africa Audit Confirmation Instructions view all...



Didn't find what you were looking for?


Watch a video

Check out our helpful video guides

Contact Support

Contact our support team
Copyright © 2024 | All Rights Reserved