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Field Name (attribute)DescriptionExampleValidations (if applicable)
NameThe name for the standing instruction
Required field
Applicant

The name of the client for whom the standing instruction is being created.

This field is automatically populated and cannot be modified.


Will display the client name.
TypeThe type of Loan Repayment or some other type available in the Type list.Loan Repayment

Required field

Select from list

PriorityThe priority determines the sequence in which multiple standing instructions for the same account will be carried out.Medium Priority

Required field

Select from list

StatusTypically, when a standing instruction is being created, the status will be Active. The standing instruction may be turned off by changing the status to Disabled.Active

Require field

Select from list

From Account TypeThe account type for the account the funds will originate from.Saving Account

Required field

Select from list

From AccountThe account name - number from which the funds will originate.Saving - 001010233

Required field

Select from list

DestinationThe destination can either be either the same client who holds the originating account (own account) or another client within the financial institution (with in Bank).own account

Required field

Select from list

To Office

The office where the destination account is located.

Will be filled in by the system if Destination is own account.

Required if Destination is with in Bank.

Branch 02

Required field

Select from list (if not filled in)

To Client

The client who holds the destination account.

Will be filled in by the system if Destination is own account.

Required if Destination is with in Bank.


Required field

Select from list (if not filled in)

To Account TypeThe account type for the destination account. The account type list will display only valid account types.Loan Account

Required field

Select from list

To AccountThe destination account name, number. The account list will display accounts held by the selected client, that match the account type selected and are in the same currency as the originating account.Agri Loan - 001010877

Required field

Select from list

Standing Instruction TypeThe Standing Instruction Type sets the payment amount as either a Fixed amount per transfer or if a Loan Repayment, the amount due (Dues) on the transfer date.Fixed

Required field

Select from list

AmountThe amount field must be filled in if the Standing Instruction Type is Fixed. It must be blank if the Standing Instruction Type is Dues. It specifies the fixed amount that is to be transferred when the standing instruction is invoked. If the standing instruction type is Dues, the amount to be transferred is the scheduled loan repayment amount.50

Required if Standing Instruction Type is Fixed

Numeric

Validity from

To

Provide a start (from) date for the standing instruction to be valid. Optionally, provide an end (To) date for the standing instruction to expire.

01 June 2013

01 June 2015

From date required

To date optional

Recurrence type

To tie the funds transfer recurrence to a loan account repayment schedule select As per dues recurrence. To establish an independent schedule for a funds transfer, select Periodic recurrence.

If Periodic recurrence is the recurrence type, specific the recurrence period by completing:

  • Interval and Recurrence Frequency

or

  • On Month Day
As per dues recurrenceRequired field
Interval

The value in the interval field is numeric and is used with the value in the recurrence frequency field to set the schedule for funds transfers.

2Used for Periodic recurrence
Recurrence Frequency

The value options for the recurrence frequency field are:

  • Days
  • Weeks
  • Months
  • Years

 It is used with the value in the interval field to set the schedule for funds transfers.

For example, if the interval is 2 and the recurrence frequency is Weeks, the standing instruction will be carried out every 2 weeks (alternative way to say this is "every other week"...not sure which is better for the audience).

WeeksUsed for Periodic recurrence
On Month Day

As an alternative to Interval and Recurrence Frequency for monthly transfers, the day of the month may be specified.

For example, if the value of On Month Day is 15, the standing instruction will be carried out on the 15th of every month that which is when the standing instruction is in effect.

15Used for Periodic recurrence

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