Confirmation.community | Investec Private Bank South Africa Audit Confirmation Instructions

  Investec Private Bank South Africa Audit Confirmation Instructions

Published:  08/28/2015


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

Investec Private Bank South Africa 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.
 
Department NameEmail Address
Investec Wealth and Investmentadmin@investec.co.za
Investec Asset Managementcomm.centre@investecmail.com

Investec Private Bank Accounts

 
Account NameAccount DigitsAccount Structure
Transactional PBAConsists of 11 digits100 1XXX XXXX (Starts with 1001)
Cash InvestmentConsists of 13 digits110 0XXX XXX XXX (Starts with 1100/5000)
Personal Finance LendingConsists of 9 digits 


 

  Instructions:


Investec Private 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.
  • Transactional PBA
  • Cash Investment
 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.
 
  • Personal Finance Lending
 Click here for a detailed explanation of the ZA - Liability 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 setup one form, with a main account number
  • Transactional PBA
  • Cash Investment
  • Personal Finance Lending
 Click here for a detailed explanation of the ZA - Signatories Form


 
 
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