Download Standing Insructions User Manual


SI Tax Details screen
You can choose to modify or waive the charges, suppress the generation of an advice, or
waive a tax.
4.3
Operations on Instruction
The following are the related activities that you can perform on an instruction:
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Open an instruction

Delete the details of an instruction
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Amend the details of an instruction

Authorize an instruction
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Close an instruction

Reopen an instruction
Please refer to the user manual on common procedures for details on these procedures.
4.4
Features of SI Input Details Screen
Every product that is created in your bank has certain general attributes. An instruction that
you record acquires the general attributes that were defined for the product that it involves.
These general attributes are:

The product code, description, slogan, start and end date for the product and remarks

How the instruction is to be processed in case the processing date falls on a holiday

The mode of payment and the currency rate that is to be used in case it is a crosscurrency transaction

The frequency of the execution

The action to be taken if the account to be debited for an instruction does not have
sufficient funds

Details of charges applicable on an instruction
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Other tax details like the component being taxed, the type of tax and the event (opening,
execution, etc.) upon which it is applied

The accounting roles and the General Ledgers for accounting purposes when an event
(execution, partial execution, etc.) takes place, and the advices to be generated

The customer categories and customers for whom you can process instructions
involving the product

The branch and currency restrictions
An instruction that you record acquires the details specified for the product that it involves.
However, you also need to enter information that is specific to the instruction. You can enter
details specific to an instruction in the SI Contract Details screen. You have to specify the
following details for each instruction:
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Counterparty on behalf of whom the instruction is being recorded
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Currency of the instruction
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Amount that has to be transferred during each cycle

Account that has to be debited
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Account that has to be credited

Date on which the instruction has to be executed (first due date)

Date until which the instruction has to be executed (expiry date)
4-2