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International Trade Services
Inward Telegraphic Transfer
The Manager
International Trade Services
Johannesburg
Date: 23 June 2011
Dear Customer
In keeping with our commitment to provide you with the best service possible, we are offering you the
opportunity to supply us with instructions regarding your inward telegraphic transfers.
Below are three forms for your consideration. The Indemnity and Notifications forms should be used together,
while the Standing Instructions Form can be completed and submitted to us without any supporting documents.
The Indemnity and Notification forms give you the option of having us advise you of the receipt of funds
telephonically, by fax or email, and you supplying us with return instructions in the same manner. You are not
required to sign the Indemnity and Notification forms, if you decide not to operate on this basis.
However, if you do not wish to complete and sign the above forms, you will be required to complete and sign a
Cross Border Foreign Exchange Transaction Reporting form, Bank form 39055 (Balance of Payment form) for
each transaction. We will only process your transactions once we have received the original form.
There is, however, another option. If all your transactions fall under the same Balance of Payment category,
you can complete and sign a Standing Instructions form quoting the Balance of Payment Category (BoP) to be
used for the transactions. The Standing Instruction form provides three options for the placement and/or
conversion of incoming funds. You can select one or more of these when you complete the form.
Please read the forms to decide whether any of these options are acceptable to you. If so, please print,
complete, sign and return the original signed forms to us. Note that the authorised signatories of your company,
as held on the mandates by us, must sign the forms.
Please feel free to contact us if you have any questions or would like more information.
Yours sincerely
The Manager
International Trade Services Johannesburg
Inward Telegraphic Transfers
The Standard Bank of South Africa Limited Reg. No. 1962/000738/06 Registered Bank
International Trade Services
Inward Telegraphic Transfer
Indemnity
General Conditions
Receipt of Electronic and Telephonic Instructions
The Manager
International Trade Services
Johannesburg
The parties to this agreement are referred to herein as “we/us” (meaning the applicant) whether it is a single
person or not, and “you” (meaning The Standard Bank of South Africa Limited), regardless of the number of
authorised signatories for either entity.
1. This agreement concerns the receipt by you of instructions given by us via electronic or telephonic
means, concerning the placement of funds received by you on our behalf via Inward Telegraphic
Transmission.
2. We understand and acknowledge that when you receive funds on our behalf from time to time, you will
either telephonically or electronically via e-mail or facsimile contact us to obtain our disposal
instructions, i.e.
2.1 whether we want our funds to be placed in our Customer Foreign Currency (CFC) account; or
2.2 whether we want our funds to be converted at the relevant spot rate or to utilise a Forward
Exchange Contract (FEC), and credit the Rand equivalent to the account quoted in the inward
SWIFT-message.
3. We acknowledge, in the event of us informing you electronically via e-mail or facsimile of our
instructions as contemplated in 2.1 and 2.2 above, that it is not practical for you to establish the
authenticity of all messages sent via e-mail or facsimile to you which purport to emanate from us, and
in the light of this we hereby:
3.1 agree that all faxed or e-mailed instructions and any other documentation which purport to
emanate from us shall be deemed to have been given by us in the form actually received by you
which may, as a result of the malfunction of equipment, the distortion of communication links and
the like, be different to that intended or sent, and we shall be bound thereby.
3.2 agree that you will not be held liable for errors or delays in transmissions, or the misinterpretation
on receipt, or for any loss or damage from whatever cause as a result of you permitting this
arrangement.
4. We acknowledge that the instructions given by us over the telephone will be electronically recorded.
We understand and accept the fact that we will be legally bound by such instructions. Furthermore, we
understand that it is our responsibility to ensure that all of our representatives, employees or agents
who give the instructions will be properly authorised to do so. We understand that you will make all
reasonable efforts to verify the identity of the caller before going ahead with a transaction, but that you
have no way of positively identifying the voices of the individual people designated. In these
circumstances you cannot be held liable for any loss, whether direct or indirect, arising from or on
reliance on an instruction from any unauthorised individual of our company.
5. Furthermore, we acknowledge that when we give our instructions over the telephone or via e-mail or
facsimile, you will also capture our instructions on your processing system. We furthermore agree that
this recording of our instructions on your processing system by you, would have the same legal
consequences had we come in ourselves and completed and signed a Cross Border Foreign
Exchange Transaction Reporting form ("Balance of Payment-form"), which is the usual form we would
complete had we come in personally to give you instructions with regard to the placement of funds on
our behalf. We hereby confirm that we possess full knowledge concerning the content of the Cross
Border Foreign Exchange Transaction Reporting form, as may be amended from time to time, and we
consent to the terms and conditions thereof.
The Standard Bank of South Africa Limited Reg. No. 1962/000738/06 Registered Bank
International Trade Services
Inward Telegraphic Transfer
6. We agree to indemnify and not to hold you liable for any direct, indirect or consequential loss and/or
damage related in any way to:
6.1 the recording of our instructions, whether it be electronically or on your processing system;
6.2 you acting on our instructions, whether such instructions were given telephonically, via e-mail or
facsimile; as well as
6.3 the consequential actions with regard to such instructions
and that we shall have no claim against you as a result of you permitting this arrangement.
7. Furthermore we understand that no relaxation or indulgence, which you may grant to us now or at any
time in the future, shall constitute a waiver of your rights and shall not preclude you from exercising
any rights which may have arisen in the past or which might arise in the future.
By signing this agreement, the entity (natural and legal persons included) on whose behalf we act will be bound
by it and considered to be party to it.
Given under my/our hands at this day of 200
Signed on behalf of: (Full registered name of company)
Authorised Authorised
Signatory Signatory
Name Name
Designation Designation
The Standard Bank of South Africa Limited Reg. No. 1962/000738/06 Registered Bank
International Trade Services
Inward Telegraphic Transfer
Notifications Form
The Manager
International Trade Services
Johannesburg
The parties to this agreement are referred to herein as “we/us” (meaning the applicant) whether it is a single
person or not, and “you” (meaning The Standard Bank of South Africa Limited), regardless of the number of
authorised signatories for either entity.
We, hereby choose to receive notification
from you informing us of the receipt of funds via Inward Telegraphic Transmission/s in our favour, on the following
account numbers: 1)
2)
3)
4)
(Please mark your choice, place signature next to it and complete contact details ):
1.1 At the following telephone number/s:
Work: (No) (Sign)
Home: (No) (Sign)
Cellular Phone: (No) (Sign)
1.2 Electronically via:
Email: (Sign)
At the following
email address/es:
or
Fax: (Sign)
At the following
fax number/s:
The Standard Bank of South Africa Limited Reg. No. 1962/000738/06 Registered Bank
International Trade Services
Inward Telegraphic Transfer
2. We acknowledge that at the time of you giving such telephonic notification as contemplated in Clause 1
above, we will also be asked to give instructions concerning the placements of the funds received as
contemplated above. We acknowledge that the instructions given by us telephonically will constitute a
legal binding agreement between us and you and that we will be bound thereto.
3. We accept that it is our responsibility to immediately inform you of any changes to the above contact
details as described in Clause 1. We will not hold you liable for any losses, claims, charges, costs,
expenses or damages of whatsoever nature which we may suffer, sustain, incur or be put to, whether
direct or indirect, caused by us not receiving any such notification due to the fact that we did not inform you
of any changes to our contact details as stated in Clause 1.
By signing this agreement, the entity (natural and legal persons included) on whose behalf we act, will be
bound by it and considered to be party to it.
Given under my/our hands at this day of 200
Signed on behalf of: (Full registered name of company)
Authorised Authorised
Signatory Signatory
Name Name
Designation Designation
The Standard Bank of South Africa Limited Reg. No. 1962/000738/06 Registered Bank
International Trade Services
Inward Telegraphic Transfer
Standing Instructions Form
The Manager
International Trade Services
Johannesburg
Dear Sir / Madam
This agreement concerns the receipt by you of funds received on our behalf via Inward Telegraphic Transfer.
We understand and acknowledge that when you receive funds from time to time on our behalf, that the
payment of the said funds will be made to our account with no confirmation from or contact with us.
Furthermore we agree that processing of these transactions on our behalf would have the same legal
consequences had we come in ourselves and completed and signed a Cross Border Foreign Exchange
Transaction Reporting form, bank form 39055 (Integrated Form), which is the usual form we would complete
had we come in personally to give you instructions regarding the placement of funds on our behalf
We hereby confirm that we posses full knowledge concerning the content of the Cross Border Foreign
Exchange Transaction Reporting Form, as may be amended from time to time, and we consent to the terms
and conditions thereof.
In view of the aforementioned declaration, we hereby request that all incoming transfers be handled as follows.
Kindly select and complete the appropriate section/s
All incoming Rand transfers, are to be reported to the South African Reserve Bank under Balance of
Payment category being
and credited to our current account number without any call to or
confirmation from us.
All incoming foreign currency transfers, are to be reported to the South African Reserve Bank under
Balance of Payment category being
and credited to our CFC account number without any call to or
confirmation from us.
All incoming foreign currency transfers, are to be reported to the South African Reserve Bank under
Balance of Payment category being
converted at the spot rate of the day and credited to our current account number
without any call to or confirmation from us.
Given under my/our hands at this day of 200
Signed on behalf of: (Full registered name of company)
Authorised Authorised
Signatory Signatory
Name Name
Designation Designation
The Standard Bank of South Africa Limited Reg. No. 1962/000738/06 Registered Bank
