Indemnity for Personal accounts
Fax/email
Release and indemnity for fax and/or e-mail transmissions (delete where applicable- alteration to be initialled by signatory and witnesses).
I, the undersigned,______________________________________________________________________, in my personal capacity, have
requested the Standard Bank of South Africa Limited____________________________________branch ("the" bank) to act on instructions
transmitted by me to it by facsimile (“fax”) and/or by means of an e-mail message; (delete where applicable-alteration to be initialled by
signatory and witnesses).
The Bank has informed me that it is prepared to act on such faxed/emailed instructions that purport to emanate from me, provided it receives
a release and indemnity in the form hereof. I am prepared to give such release and indemnity.
I acknowledge, accept and agree:
1 That I am aware that fax transmission an email messages are not a secure or error-free medium of communication and that I am
aware of the possible risks involved in instructing the Bank via such means;
2 That this indemnity will remain in force until cancelled by me in writing;
3 That it is not practical for the Bank to establish the authenticity of all purported instructions;
4 That all faxed or emailed instructions, mandates, consents, commitments, and any other documentation which purport to emanate
from me (“purported instructions”) shall be deemed to have been given by me in the form actually received by the Bank which may,
as a result of the malfunction of equipment, the distortion of communication links and the like, be different to that intended or sent
and I shall be bound thereby;
5 That such purported instructions will be an irrevocable and unconditional authority for the Bank to act on the instruction/s contained
in the fax or email message;
6 To waive any rights I may have or obtain against the bank arising directly or indirectly from any losses or damages which I may suffer
because the bank acts on any purported instruction and I hereby indemnify the Bank in respect of any claims, demands or actions
made against it or losses or damages suffered by it because it so acted;
7 That in respect of purported instructions regarding the transfer of money, whether the transfer is from an account in my name to
any other account in my name or to any account in the name of any third party at any branch of the bank or at any branch of any
other bank, same day value may only be given if the message is received by the Bank a reasonable time before the close of its
business to the public;
8 That the Bank will not to be liable for errors or delays in transmissions, or the misinterpretation on receipt, or for any loss or damage
from whatever cause as a result of the Bank permitting this arrangement, excluding losses arising from the proven unlawful or
fraudulent acts of the Bank's employees;
9 To implement and adhere to any procedures and/or restrictions imposed on me by the Bank from time to time regarding the sending
of instructions to the Bank;
10 That this release and indemnity will not be affected by any failure by the Bank to impose any or sufficient procedures or restrictions
or to ensure that any, or all of them are adhered to;
11 That the Bank will not be obliged to act on any purported instructions and that it may at any time on written notice sent to me at
_________________________________________________________withdraw from the arrangements envisaged in this document.
Signatures
Signed at on this day of
Name Signature
Witness
Name Personnel number (where applicable) Signature
SBA 02/148276 2010-09
