Standing order in foreign currency

How to use this window

Use this screen to enter standing orders in foreign currency within Komercni banka or to another bank within the Czech Republic. A standing order to another bank can only be created in CZK. Standing order is a repeated payment with a fixed amount, fixed date and fixed counteraccount to be credited. Standing orders in foreign currency can be paid from current accounts. Up to 250 standing orders can be set for a single account.

For standing orders with conversion, currency conversion is performed at the moment of clearing of the payment using the current rate.

If multiple/multilevel authorization is set, this window applies for the creation or changing of a standing order.

Account owner - the natural person (individual) always makes the authorization himself.
Account owner - the natural person (entrepreneur) always makes the authorization himself.
Statutory representatives and authorized persons always execute the authorization according to rules of multiple/multilevel authorization, regardless of their limits in accounts.

Cancelling of a standing order is not subject to multiple/multilevel authorization - any user can cancel a standing order regardless of the rights set within the framework of multiple/multilevel authorization.

Description of the window and its elements

Element	Description
Account number	Administered account number. The standing order will be debited from this account.
From template	Drop-down list of templates for orders in all currencies. When you select a template name, its data will be filled in the standing order in foreign currency. A list of templates (includes the option to create new templates) is available on the Order templates window.
Contra-account number	Beneficiary's account number (the standing order is credited to this account). Some account numbers may contain an ante-number separated from the account number by a hyphen. This hyphen should be included only if at least four digits follow. Some account numbers may contain two hyphens - the first separating the ante-number, the second is a part of the account number. Do not enter the second hyphen. Examples: for account number 104-061, enter 104061; for account number 19-104061, enter 19-104061; for account number 19-104-061, enter 19-104061.
Contra account bank code	Beneficiary's account bank code. Only banks within the Czech Republic can be selected.
First payment date	Start date of standing order validity. This date must be at least 2 Business days later than the current date, up to 364 (calendar) days in advance. You can choose the date using the embedded calendar.
Termination date	Termination date of standing order validity. You can choose the date using the embedded calendar.
Payment period	Use this drop-down list to specify the requested frequency.
Payer's account currency	Administered account currency.
Beneficiary's account currency	Use this drop-down list to specify the currency of the beneficiary's account. A standing order to another bank can only be created in CZK.
*Amount currency*	Select whether the amount in the standing order will be entered in the payer's account currency or beneficiary's account currency.
Transfer amount	Transferred amount in the selected currency. Up to two decimal places can be entered. Decimal places cannot be entered for currencies that cannot be divided into hundredths (e.g. JPY).
Variable symbol	Numeric data detailing the payment identification.
Constant symbol	Numeric data detailing the payment identification.
Forbidden CS button	Press this button to display a window showing forbidden constant symbols.
Specific symbol	Numeric data detailing the payment identification.
Payment description	The payment description will be displayed in the payer's statement if he holds a KB account. The description will not be transferred to another bank.
Save as template button	Press this button to display the Modification of order template window to be able to save the standing order data in a template for future use.
Save for authorisation button	Press this button to save the order to the Standing orders for authorisation list (to be signed and submitted for processing later).
Sign and send... button	Press this button to open the Standing order in foreign currency - authorisation window, enabling you to check data, sign and submit an order for processing.

Answers to frequently asked questions concerning the window

How is the standing order amount in foreign currency checked against the daily user account limit and the daily limit of the subject?
The amount is checked against the total user account limit and total daily subject limit. The limits are defined in CZK; for foreign currency accounts, they are converted using the KB median exchange rate. These limits are not reduced by the standing order amount. In case the user daily limit or subject daily limit are exceeded during authorisation of the standing order, the standing order is saved in the list of standing orders awaiting authorisation.

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