Confirmation.community | Investec Corporate and Institutional Banking South Africa Audit Confirmation Instructions

  Investec Corporate and Institutional Banking South Africa Audit Confirmation Instructions

Published:  08/30/2015


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

Investec Corporate Bank South Africa's 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 Corporate and Institutional Banking South Africa Accounts

 
Account NameAccount DigitsAccount Structure
Call DepositConsists of 11 or 13 digits300 0XXX XXXX (Starts with 3000/4000/1300/1400)
CFC AccountConsist of 13 digits130 0XXX XXX XXX (Starts with 1300/1400)
Corporate LoanConsists of 11 or 13 digits300 0XXX XXXX (Starts with 3000/4000/1300/1400)
Wholesale DepositsConsists of 11 or 13 digits300 0XXX XXXX (Starts with 3000/4000/1300/1400)


 

  Instructions:


Investec Corporate and Institutional Banking​ 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.
  • Call Deposit
  • Investment
  • CFC
  • Wholesale Deposits
 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.
 
  • Corporate Loan
 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.
  • Call Deposit
  • Investment
  • CFC
  • Wholesale deposit
 Click here for a detailed explanation of the ZA - Signatories Form
ZA -
Contingent Liabilities & Guarantees
Provides information on written guarantees and other contingent liabilities.Entity wide basis

Only need to setup one form, with a main account number.
  • Call Deposit
  • Investment
 Click here for a detailed explanation of the ZA - Contingent Liabilities & Guarantees Form  
ZA -
Derivatives
Provides information on foreign exchange contracts and other derivative positions etc. This information is supplied on an entity basis.Entity wide basis

Only need to setup one form, with a main account number.
  • Call Deposit
  • Investment
  • CFC
 Click here for a detailed explanation of the ZA - Derivatives Form  
ZA -
Cash Management
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 on this form. For balances use Asset/Liability form.
Entity wide basis

Only need to setup one form, with a main account number.
  • Call Deposit
  • Investment
 Click here for a detailed explanation of the ZA - Cash Management 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 setup one form, with a main account number.
  • Call Deposit
  • Investment
  • CFC
 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 setup one form, with a main account number.
  • Call Deposit
  • Investment
  • CFC
  • Wholesale deposit
 Click here for a detailed explanation of the ZA - Bills Form  
ZA -
Securities
Provides information on Debt, Equity and Hybrid securities (instruments).

Note: This form is not used to provide security,collateral or surety. Such information is provided on the ZA-Asset and ZA-Liability form.
Entity wide basis

Only need to setup one form, with a main account number.
  • Call Deposit
  • Investment
  • CFC
  • Wholesale deposit
    


 
 
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