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Suite 1101, 11/F, 88 Gloucester Road, Wan Chai, HK 88 11 1101 Tel :(852)2588 9088 Fax :(852)2588 9000 www.jtisec.com.hk STANDING AUTO SETTLEMENT INSTRUCTION Client A/C No.: Client Name: / // I/We
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How to fill out standing auto settlement instruction

01
Step 1: Gather all necessary information and forms. This includes your personal information, your bank account details, and any relevant policies and documents.
02
Step 2: Read the instructions provided by your auto insurance company carefully. These instructions will give you specific guidance on how to fill out the standing auto settlement instruction form.
03
Step 3: Start filling out the form by providing your name, policy number, and contact information. Make sure to double-check the accuracy of the information you provide.
04
Step 4: Fill in the details of your bank account, including the account number, name of the bank, and the branch address.
05
Step 5: Specify your desired mode of settlement, whether it is through electronic transfer, check, or any other method. Follow the instructions provided to select the appropriate option.
06
Step 6: Provide any additional information required by the auto insurance company, such as your signature, date, and any other relevant details.
07
Step 7: Review the completed form to ensure all information is accurate and complete. Make any necessary revisions or corrections before submitting it.
08
Step 8: Submit the filled-out standing auto settlement instruction form to your auto insurance company. Follow their specified submission method, whether it is through mail, fax, or online submission.

Who needs standing auto settlement instruction?

01
Standing auto settlement instructions are typically useful for individuals who receive regular auto insurance settlements and want a convenient and automated way of receiving their funds.
02
People who prefer to have their settlement amounts directly deposited into their bank accounts instead of receiving paper checks may benefit from standing auto settlement instructions.
03
Those who want to streamline the settlement process and reduce the manual effort of cashing or depositing checks may find standing auto settlement instructions helpful.
04
Policyholders who have a long-term auto insurance policy and anticipate consistent and frequent claim settlements can opt for standing auto settlement instructions to simplify the process.
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Standing auto settlement instruction is a predefined set of rules and parameters for automatically settling transactions without manual intervention.
Financial institutions and organizations involved in regular transactions are required to file standing auto settlement instructions.
Standing auto settlement instructions can be filled out by providing details of the transaction rules, settlement dates, and other relevant information in the designated form.
The purpose of standing auto settlement instruction is to streamline the settlement process, reduce manual errors, and ensure timely and accurate transaction processing.
Information such as transaction details, counterparty information, settlement dates, and any specific conditions or parameters must be reported on standing auto settlement instruction.
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