ALPHA

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Bank receipt

REC-VALTERRA-001

Bank reference BANK-VAL-0715 · US$30 000,00 received on 15 Jul 2026, value date 15 Jul 2026.

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Bank receipt

As captured from the bank statement

VALIDATED

Receipt: REC-VALTERRA-001
Bank reference: BANK-VAL-0715
Bank amountFCYForeign currency: the currency a policy, premium, claim or payment is agreed in when it is not rand (ZAR). FCY amounts are kept exactly as agreed and exchange-rate movements never change them.: US$30 000,00
Receipt date: 15 Jul 2026
Value dateValue dateThe date the bank credits or debits the money. Receipts and payments use it to find the settlement rate.: 15 Jul 2026
Settlement method: Net of commission and fees
Prepared by: Nandi Preparer
Approved by: —
Posted: —
Comment: Seeded 40 percent allocation ready for approval.

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Find open premium lines

2 open lines in USD

Open premium lines in USD
Invoice	Premium	Policy	Product / cover	Due	Commission and fees	Gross	Open	Action
INV-VAL-001	PREM-001	VALTERRA 2026	Assets All Risks / Property Damage	30 Jun 2026	Broker commission 20% · Binder fee 15% · Survey fee 5%	US$450 000,00	US$450 000,00
INV-VAL-002	PREM-001	VALTERRA 2026	Assets All Risks / Business Interruption	30 Jun 2026	Broker commission 20% · Binder fee 15%	US$270 362,29	US$270 362,29

Allocation

Bank reference

Value dateValue dateThe date the bank credits or debits the money. Receipts and payments use it to find the settlement rate.

The settlement rate is taken on this date.

Bank amount to matchNet cashThe money actually expected in the bank: the gross amount allocated minus the amounts the broker keeps, such as commission.

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Settlement method

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Comment for the approver

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Binder is pro-rated but not deducted from broker cash; payment stays blocked pending ZAR remittance and insurer acceptance.

Rate evidence

Where the settlement rate came from

Rate evidenceThe stored record of where an exchange rate came from: the provider, quote direction, requested and used dates, retrieval time and a fingerprint of the provider's response. It cannot be changed once used.

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Approvals

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History

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