Standing Instruction Form Fields

Standing Instruction Form Fields

Field name (attribute)	Description	Example	Validations (if applicable)
Name	The 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.
Type	The type of Loan Repayment or some other type available in the Type list.	Loan Repayment	Required field Select from list
Priority	The priority determines the sequence in which multiple standing instructions for the same account will be carried out.	Medium Priority	Required field Select from list
Status	Typically, 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 Type	The account type for the account the funds will originate from.	Saving Account	Required field Select from list
From Account	The account name - number from which the funds will originate.	Saving - 001010233	Required field Select from list
Destination	The destination can either be 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 Type	The account type for the destination account. The account type list will display only valid account types.	Loan Account	Required field Select from list
To Account	The 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 Type	The 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
Amount	The 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 recurrence	Required type
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.	2	Used 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).	weeks	Used 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 which is when the standing instruction is in effect.	15	Used for Periodic recurrence