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Our international operations team facilitates clients’ outward foreign exchange payments via our extensive correspondent banking network.
Corporate Banking clients have access to:
- Our dedicated international operations team to facilitate outward payments
- A streamlined incoming payment process that credit funds to a client's Customer Foreign Currency (CFC) account within hours of the BoP form being signed
- The Balance of Payments Reporting (BoP) system which is an electronic message system used to report cross-border transactions to the South African Reserve Bank (SARB)
Our simple eForex system:
- Facilitates foreign currency-denominated outward payments to predetermined beneficiaries for recurring payments
- Enables creation and maintenance of beneficiaries for outward payments online
- Applies warehousing and authorisation of future value-dated payments, prior to payment date
- Provides inward cross-border payment settlement/deal and Balance of Payments information