Introduction to Standing Orders

The Standing Orders functionality is used for transferring funds, within and outside of Saudi Arabia Model Bank - SAMB.

The Standing Orders functionality encapsulates the Corporate Cash Management Operations for the following processes:

• Set Up Standing Order
• Execute Standing Order
• Cancel Standing Order Instruction

These processes relate to operations pertaining to Standing Order transactions both within and to external institutions.

1. Fixed Type: Account to ACcount Transfer, SARIE MT 103, SWIFT MT 103-202.
2. Balance Outward: Account to Account Transfer, SARIE MT103, SWIFT MT 103, Zero Balance transfer.
3. Balance Inward.
4. Periodic Payments.
5. Dairy.