Confirmation.community | RMB Investment and Corporate Banking South Africa Audit Confirmation Instructions

  RMB Investment and Corporate Banking South Africa Audit Confirmation Instructions

Published:  12/01/2016


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 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
Wesbankservices@wesbank.co.za
FNB Home loans (Property Finance)cpfcorrespondence@fnb.co.za
FNB Credit Cardfnbcardcorp@fnb.co.za


RMB Investment and Corporate Banking South Africa's Accounts

 

Account NameAccount DigitsAccount Structure
CurrentConsist of 11 digits5XXXXXXXXXX (Starts with a 5/6. No 0 included before/after)
CallConsist of 11 digits5XXXXXXXXXX (Starts with a 5/6. No 0 included before/after)
ChequeConsist of 11 digits 5XXXXXXXXXX (Starts with a 5/6)
Cash ManagementConsist of 11 digits5XXXXXXXXXX (Starts with a 5/6)
InvestmentConsist of 11 digits7XXXXXXXXXX (Starts with a 7)
CFCConsist of 5 digitsXXXXX
Personal LoanConsist of 13 digits40000XXXXXXXX (Starts with a 40000)
Safex/Client CodeConsists of 6 digitsAXX1XX (3 Alphanumeric and 3 numberic)

Note: The First Rand Group will now require auditors to obtain multiple authorisation from client signers, should the client signing arrangement require more than one signer to give the First Rand Group permission to release information. Click here to view a guide on adding multiple signer's to different forms.


 

  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.

 

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
  • Cash Management
  • 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.
  • Cheque
  • Personal Loan
 Click here for a detailed explanation of the ZA - Liability Form 
ZA - Contingent Liabilities & GuaranteesProvides 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 - 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
  • Cheque
 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.
  • Current
  • Cheque
  • Safex/Client code
 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
  • Cheque
 Click here for a detailed explanation of the ZA - Letter of Credit Form
ZA -
Cash Management System
Provides the list of linked accounts, in a system, at a financial institution where the balances are swept to a main account to accrue a higher interest return. 

Note: Account Balances are not provided; for balances use ZA - Asset / ZA - Liability form.
Entity wide basis

Only need to set up one form, with a main cash management account number.
  • Cash Management
 Click here for a detailed explanation of the ZA - Cash Management System Form
ZA - BillsProvides the list of linked accounts, in a system, at a financial institution where the balances are swept to a main account to accrue a higher interest return. 

Note: Account Balances are not provided; for balances use ZA - Asset / ZA - Liability form.
Individual account basis

A separate ZA-Bills form needs to be set up per account number.
  • Current
  • Cheque
 Click here for a detailed explanation of the ZA - Bills
ZA - SecuritiesProvides the list of linked accounts, in a system, at a financial institution where the balances are swept to a main account to accrue a higher interest return. 

Note: Account Balances are not provided; for balances use ZA - Asset / ZA - Liability form.
Individual account basis

A separate ZA-Securities form needs to be set up per account number.
  • Current
  • Cheque
 Click here for a detailed explanation of the ZA - Securities


Note: The First Rand Group will now require auditors to obtain multiple authorisation from client signers, should the client signing arrangement require more than one signer to give the First Rand Group permission to release information. Click here to view a guide on adding multiple signer's to different forms.

 
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