Standard Bank Confirmation
Rabobank Wholesale offers the service of providing a Standard Bank Confirmation, which is used by external auditors to verify their client’s financial statements. The content of the Standard Bank Confirmation is aligned with the requirements of the Royal Netherlands Institute of Chartered Accountants (NBA) and the Dutch Banking Association (NVB).
Application via an authorised representative
Via an authorised representative a request can be submitted to provide an external auditor with a Standard Bank Confirmation (SBC). A separate request needs to be submitted for each legal entity that has a relationship with the bank.
How to apply for a Standard Bank Confirmation
The auditor can now request the client authorisation and the SBC directly through Confirmation, resulting in swift handling of the audit confirmation process. Confirmation is an established platform servicing on a global level a wide range of auditors. They offer a secure and reliable online service to exchange confidential information The auditor can register for the service at www.confirmation.com in a few simple steps.
For Wholesale Clients
Rabobank Wholesale clients can use the application form to apply for the Standard Bank Confirmation via email. The information must be provided in full and truthfully by the persons authorised in your organisation. Once the requested documents have been processed, the requested Standard Bank Confirmation will be send to you and your external auditor. We will do our utmost to process your application within 15 working days after the reference date. When a request is raised with a reporting date in the future, the request will be processed within 15 working days after passing this date.
How to apply for a Standard Bank Confirmation for local bank clients
Local bank clients will have to contact their local bank to apply for a Standard Bank Confirmation.
Fees
The following fees* are payable for the application of a Standard Bank Confirmation:
*All prices are excluding 21% Dutch VAT.
The fees related to the requested Standard Bank Confirmation(s) will be debited from your EURO account. In case you do not hold an account with Rabobank you can find the SEPA Direct Debit Mandate (EURO) on the back of the Standard Bank Confirmation application form. A non-Euro payment can be effected after receipt of the invoice according the payment instructions as stated on the invoice.