Column number

Description

1

Cheque deposits, including transmission deposits and managed

This column shall reflect any relevant credit balance in respect of cheque or transmission deposits, including—

(a)

any relevant credit balance in respect of a current account deposit.

Cheque accounts include accounts with unlimited cheque writing privileges in terms of which payments by means of cash withdrawals, cheque, direct debit/stop orders or electronic fund transfers are facilitated, irrespective whether or not interest is paid in respect of the said credit balance, which cheque accounts may also make provision for an overdraft facility.

(b)

any relevant credit balance in a transmission account, which accounts normally have very low transactional costs but do not offer access to credit or an overdraft facility or a cheque book facility;

(c)

any relevant credit balance arising under a cash management scheme.

2

Savings deposits

This column shall reflect any credit balances in respect of savings deposits, that is, accounts primarily used for savings purposes.

Typically, savings accounts—

(a)

are deposit accounts with credit balances;

(b)

are accounts in respect of which restrictions apply. For example, cheque privileges are absent or limits apply regarding the withdrawals or payments which may be made from the account;

(c)

are accounts in respect of which the word "savings" appears in the name or description of the account whenever it is presented or marketed to customers;

(d)

include "pure" savings accounts as well as savings accounts with transactional capabilities;

(e)

make provision for the payment of interest on credit balances at tiered interest rates, that is, higher balances qualify for higher interest rates; and

(f)

include the so-called Mzansi accounts.

3

Other demand deposits

This column shall reflect any credit balances in respect of deposits other than cheque or savings deposits, which deposits are payable on demand, that is, payable with notice or unexpired maturity of 1 day or less.

Credit balances held in credit card accounts as well as money market accounts shall be included in this category.

4

More than 1 day to 1 month

This column shall reflect any credit balance in respect of deposits with an unexpired fixed or notice period ranging from more than 1 day up to 1 month, which deposits normally cannot be withdrawn or renewed before the said term or period has expired.

5

More than 1 month to 6 months

This column shall reflect any credit balance in respect of deposits with an unexpired fixed or notice period ranging from more than 1 month to 6 months, which deposits normally cannot be withdrawn or renewed before the said term or period has expired.

6

More than 6 months

This column shall reflect any credit balance in respect of deposits with an unexpired fixed or notice period of more than 6 months.

8

Negotiable certificates of deposit (NCDs) and promissory notes (PNs)

This column shall reflect any credit balance in respect of any negotiable certificate of deposit ("NCD"), negotiable promissory note ("PN"), or other acknowledgement of debt with similar characteristics, included in columns 3 to 7.