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Electronic services
Customer Access Terminal System (CATS) or electronic funds transfer service (EFTS) is an electronic system that enables you to control and manage your banking from your desk. It gives you the ability to access your bank accounts from your office and to make payments to your employees, suppliers or any other third party. Talk to your relationship manager to find out how to get connected to CATS or EFTS.
In an effort to provide large corporate customers with services that meet their individual needs the following criteria are applied to determine your classification as a Corporate customer:
- Companies with South African relationships
- Public sector and government associated companies
- Annual turnover of more than M1.0 million
- Profitability of M5.0 million or more
Global markets
- Treasury supplies interest and exchange rate quotations as well as advice on hedging and derivative instruments.
Treasury provides these services:
Foreign currencies
- Spot
- Forwards
- Swaps (interbank)
- Options
Money market Instruments
- Inter-bank placements
- Negotiable certificates of deposit
- Treasury bills
- Bonds
- Interest rate swaps
- Credit-linked notes
- Interest rate quotations
Electronic banking
CATS
Customer Access Terminal System (CATS) Africa provides a comprehensive range of banking services and management information designed to complement and improve the operational and financial control of your business without you having to leave your office.
Hardware required to operate CATS Africa
- Personal computer - 75Mhz Pentium; 12Mb memory; 30Mb disk space
- Telephone line, preferably a dedicated line
- High-speed modem
- Software - Windows 2000 or higher
- Network - CATS Africa can be easily integrated with your LAN or operate on a stand-alone basis.
Features
- Access to 120 business days' balances and statements
- Conversion to any currency (base currency)
- Access to a wide range of account types
- Downloading of statement information, which allows reconciliation with accounting packages
- Restricted access
- Transfer of funds between current and call accounts
- Transferring of funds in local currency and multi currencies
- Single or dual authorisation
- Payments to third parties (domestic and cross border)
- Domestic finance and investment indication rates
- Electronic establishment of documentary credits or letters of credit
- Email (encrypted only to bank)
- Confidentiality on account requests.
Benefits
- Improved control of company funds and cash flow
- Quicker account reconciliation
- Significant interest savings
- Complete confidentiality
- Comprehensive access to your company's banking information
- Ability to limit your staff's access to the specific functions of CATS Africa
How to apply
Visit a Corporate and Investment Banking representative at City Branch.
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