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.
Example: A client has accounts in a bank where AKCENTA CZ does not have accounts. The client wants to convert and pay money to his German business partner. Without the use of Avízo, the client would send CZK from his account from this bank to one of AKCENTA CZ's Czech accounts and only after crediting this account would the exchange and foreign payment be made. With the use of Avízo, the client only sends an electronic document that he has made a payment from his account in the given bank to the account of AKCENTA CZ and at that moment the foreign payment is already entered and executed. Therefore, we do not wait for the actual crediting of funds, we only need a pre-arranged proof from electronic banking that the payment is made..
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.
Based on financial and non-financial criteria, the client is granted or not granted an Alert Limit.
A client - a EUR buyer, enters into the following foreign exchange transaction with AKCENTA CZ (hereinafter referred to as ACZ) on a business day at 10:00 a.m:
A client - a EUR seller, enters into the following foreign exchange trade with AKCENTA CZ (hereinafter referred to as ACZ) on a business day at 9:30 a.m:
It is important to meet the cut off times so that payments are made on the same day. These are listed HERE.