SAM110115 – Repayments: issue
repayment: method of repayment
The method of repayment can be
one of the following
- Payable Order. The limit for a repayment by this
method is £150,000
- BACS. The limit for a repayment by this method is
£90 million
- CHAPS. The limit for a repayment by this method is
£90,000 million
- Local Office Payment. The limit for a repayment by
this method is £90,000 million
Note:
If the repayment method is either CHAPS or Local Office Payment
the repayment cannot be issued through the SA system.
You will therefore need to use function CONFIRM MANUAL
REPAYMENT following the issue of the repayment to record the
following details
- The actual issue date
- The CHAPS reference or Payable Order serial number
as appropriate
- Whether notification of the repayment was sent to
the agent
