list-of-debit-order-definitions
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list-of-debit-order-definitions [2020/06/22 12:44] Schuzelle van Wyk |
list-of-debit-order-definitions [2020/06/22 12:51] Schuzelle van Wyk |
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| ^ Term ^ Definition ^ | ^ Term ^ Definition ^ | ||
| - | |Abbreviated Name (Short Name)|The User's legal entity or trading as name that will reflect on the client' | + | |Abbreviated Name (Short Name)|The User's legal entity or trading as name that will reflect on the client' |
| - | |Account Holder|Legal person/entity to whom the user is paying funds to, or collecting funds from.| | + | |Account Holder|Individual |
| - | |Action Date|The day you would like to debit or run a debit order from your client' | + | |Action Date|The day the debit order will be deducted |
| |Aggregate Value Limit|The maximum aggregate (total) value of transactions processed by a User in one (1) month, and is restricted to a fixed limit as negotiated between the User and Direct Debit.| | |Aggregate Value Limit|The maximum aggregate (total) value of transactions processed by a User in one (1) month, and is restricted to a fixed limit as negotiated between the User and Direct Debit.| | ||
| |Amended Action Date|Where the specified action date is not a valid business day, the effective action date is amended to th following business day.| | |Amended Action Date|Where the specified action date is not a valid business day, the effective action date is amended to th following business day.| | ||
list-of-debit-order-definitions.txt · Last modified: 2020/06/22 13:48 by Schuzelle van Wyk
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