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list_of_contract_definitions [2019/05/17 09:40]
Schuzelle van Wyk [List of contract definitions]
list_of_contract_definitions [2019/06/13 09:33] (current)
Schuzelle van Wyk [Mandates]
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 =====Contact information===== =====Contact information=====
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-^Item^Description^+^Term^Definition^
 |company name|means legal entity name followed by (Pty) Ltd, Ltd, CC or Trust and also includes trading as name. For example, ​ Company ABC (Pty) Ltd t/a ABC.| |company name|means legal entity name followed by (Pty) Ltd, Ltd, CC or Trust and also includes trading as name. For example, ​ Company ABC (Pty) Ltd t/a ABC.|
 |email - general comms|means the email at the business where general communication can be sent to.| |email - general comms|means the email at the business where general communication can be sent to.|
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 ===== Electronic Service Limits ===== ===== Electronic Service Limits =====
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-^Item^Description^+^Term^Definition^
 |aggregate limit - debits|mean the total amount that you want to collect from all of your clients combined in one month via the EFT debit order system. The retention percentage is based on this amount.| ​ |aggregate limit - debits|mean the total amount that you want to collect from all of your clients combined in one month via the EFT debit order system. The retention percentage is based on this amount.| ​
 |item limit - debits|mean the highest amount you want to collect from one client via the EFT debit order system.| |item limit - debits|mean the highest amount you want to collect from one client via the EFT debit order system.|
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 ===== Electronic Services ===== ===== Electronic Services =====
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-^Item^Description^+^Term^Definition^
 |two day service debits|means the debit order file will need to be submitted to the system two business days prior to the action date before 12:00 to be accepted. For example if you want to debit the client on the 1st of August, the batch should be submitted by the 28th of July.| |two day service debits|means the debit order file will need to be submitted to the system two business days prior to the action date before 12:00 to be accepted. For example if you want to debit the client on the 1st of August, the batch should be submitted by the 28th of July.|
 |same day service debits|means the debit order file will need to be submitted to the system on the action date before 12:00 to be accepted. For example if you want to debit the client on the 1st of August, the batch should be submitted by the 1st of August before 12:00.| |same day service debits|means the debit order file will need to be submitted to the system on the action date before 12:00 to be accepted. For example if you want to debit the client on the 1st of August, the batch should be submitted by the 1st of August before 12:00.|
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 ===== Action dates ===== ===== Action dates =====
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-^Item^Description^+^Term^Definition^
 |action dates|mean the days that you want to collect funds from your clients or credit your account for payouts. These days are business days and exclude public holidays.| |action dates|mean the days that you want to collect funds from your clients or credit your account for payouts. These days are business days and exclude public holidays.|
  
 ===== Charges Account ===== ===== Charges Account =====
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-^Item^Description^+^Term^Definition^
 |charges account|is the account where your fees for the services will be debited from.| |charges account|is the account where your fees for the services will be debited from.|
  
 ===== Nominated Account ===== ===== Nominated Account =====
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-^Item^Description^+^Term^Definition^
 |nominated account|is the account where the funds collected will be paid out to or the funds to be credit will be taken from. This means the business account where all funds collected will be paid out to or the account provided for credits to be processed from.| |nominated account|is the account where the funds collected will be paid out to or the funds to be credit will be taken from. This means the business account where all funds collected will be paid out to or the account provided for credits to be processed from.|
  
 ===== Mandates ===== ===== Mandates =====
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-^Item^Description^+^Term^Definition^
 |paper debit order mandates|is a debit order authorisation form signed in pen and ink. The Payments Association of South Africa prescribes the minimum wording for such a mandate that can be obtained from the debit order provider.| |paper debit order mandates|is a debit order authorisation form signed in pen and ink. The Payments Association of South Africa prescribes the minimum wording for such a mandate that can be obtained from the debit order provider.|
 |voice debit order mandates|is a debit order authorisation recording that needs to adhere to SAAB requirements. The Payments Association of South Africa prescribes the minimum wording for such a mandate that can be obtained from the debit order provider.| |voice debit order mandates|is a debit order authorisation recording that needs to adhere to SAAB requirements. The Payments Association of South Africa prescribes the minimum wording for such a mandate that can be obtained from the debit order provider.|
list_of_contract_definitions.1558086048.txt.gz ยท Last modified: 2019/05/17 09:40 by Schuzelle van Wyk