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Ice OD 3143
Edition 2.0201810IECEx
OPERATIONAL DOCUMENT IEC System for Certification to Standards relating to Equipment for use
in Explosive Atmospheres (Ice System)
Ice Certified Service Facilities
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What is operational od?
Operational OD refers to Operational Overdraft, a financial term that describes an arrangement allowing an account holder to withdraw more money than is available in their account, usually subject to interest and fees.
Who is required to file operational od?
Typically, businesses that maintain an operational overdraft facility with their bank are required to file operational OD documentation to report their usage and terms.
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To fill out an Operational OD form, individuals or businesses must provide information including account details, overdraft amount, purpose of the overdraft, and any supporting financial documentation.
What is the purpose of operational od?
The purpose of Operational OD is to allow businesses to manage cash flow by covering short-term funding needs and ensuring continuous operations even when funds are temporarily insufficient.
What information must be reported on operational od?
Key information that must be reported on Operational OD includes account holder details, overdraft limits, transaction history, interest rates, and repayment plans.
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