Avizo - providing a limit based on the limit granted for Avízo

It significantly speeds up the settlement of payments between the client's accounts and AKCENTA CZ accounts in cases where the accounts are not held at the same bank. 

With its use, the deadline for crediting funds to both the clients' own bank accounts and the accounts of foreign business partners is usually reduced by one working day. 

In order to ensure that the payment is made in the shortest possible time, maximum times for entering payments (Cut of Time, CoT) must be observed.

In order to use Avízo, it is necessary that the client has an Avízo limit set by AKCENTA CZ, which clearly defines the maximum volume of all transactions opened in the Avízo mode.

Conditions for setting the limit on Avízo:

• A concluded framework contract in AKCENTA CZ including open Internal payment accounts (IPA).
• Signed relevant Amendment to the framework contract.
• Submission of the balance sheet and profit and loss account for the last 3 accounting periods in full.
• Approval of the payment confirmation template(s) issued by the client's bank.

Fees associated with the use of Avízo:

• Fee for using the limit for Avízo - see the Pricelist or individual pricing program.
• In the event of failure to credit the amount (by fulfilling the commitment of the limit provided on the basis of Avízo) by the 5th business day, a daily penalty interest of 0.07% from the date of expiry of the time limit until the commitment is fully paid is assessed.