Clareti Banking

The ability to record one set of instructions to be executed on a recurring cyclical basis, beginning on a specific date and ending either on a specific date or after executing the instructions a specific number of times

The instructions entered can be of a financial nature, or for information purposes only

Information only standing orders will not generate any transactions to other applications

Financial standing orders can be created to accommodate the following: transfer a fixed amount between accounts within the banking unit (a combination of DDA and GL accounts is allowed); an external payment to a third party; transfer of the balance of one account to another account in the same unit, specifying the amount to remain in the "from" account and (optionally) a minimum amount to be transferred; restoration of the balance in an account to a pre-determined level.

After execution, the next actionable date will be calculated automatically. Any orders falling due on a weekend, holiday, or external payment in a currency which the date is a market holiday, will be rescheduled to the next working day

Any standing order can be suspended indefinitely or for a specific number of scheduled executions. The number of suspensions outstanding will be reduced automatically on each scheduled execution date until the order is once more in good standing

A standing order cannot be executed on the day which it is entered, nor be amended on a scheduled payment date, unless the frequency is daily

Automated deletion of all or selected orders for a specific client is available through a single on-line entry

Automatic levy of service charges for either a fixed or variable amount, with the option to waive all charges is available