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list_of_debit_order_definitions

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list_of_debit_order_definitions [2019/07/02 09:47]
Schuzelle van Wyk [NAEDO Debits]
list_of_debit_order_definitions [2019/07/02 09:47] (current)
Schuzelle van Wyk [Authenticated Collections]
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 ^Term^ Definition^ ^Term^ Definition^
-|abbreviated name|means a mandatory field within the User reference field reflecting the User's trading name on their client'​s bank statement. This abbreviated name may not exceed the 10 character limit.|+|abbreviated name|means a mandatory field within the User reference field reflecting the user'​s ​legal entity name or trading ​as name on their client'​s bank statement. In layman terms this will be what the User's client will see on their bank statement as description (for example Direct Debit (Pty) Ltd's customer being debited will see DDEBIT). This abbreviated name may not exceed the 10 character limit.|
 |account holder|means a person whose account is to be debited pursuant to a NAEDO presented to the account of the account holder.| |account holder|means a person whose account is to be debited pursuant to a NAEDO presented to the account of the account holder.|
 |action date|is the earliest date when an obligation is due and that an Instalment can be presented for collection.| |action date|is the earliest date when an obligation is due and that an Instalment can be presented for collection.|
list_of_debit_order_definitions.txt ยท Last modified: 2019/07/02 09:47 by Schuzelle van Wyk