KWSG EBS-RCM OPERATIONAL PROCEDURES FOR BANK

AMENDED JANUARY 2005

1. All account transactions must be captured and reported in the format specified.
2. The bank must print customized serially numbered deposit slips in 5 copies.
3. Revenue collection must be captured only once at the customer-teller interface and integrated seamlessly with the bank's normal operational procedures.
4. The bank must install a software system to validate integrity of data at the point of data capture (i.e. in the teller module) and before transmitting to INFINITI.
5. All account transaction data must be automatically extracted and transmitted to INFINITI on an hourly basis.
6. INFINITI to receive hard-copy printout of daily transactions sorted by value date together with daily account closing balances. This copy will be acknowledged by INFINITI and receipts prepared within 2 working days after transaction value - date. If there are no transactions on a given day, a written notification of this should be sent.
7. The bank must deliver weekly statement before 10.am on Mondays.
8. The bank must deliver monthly statement within 2 working days of end of month.
9. The bank must provide a PC with a 24 x 7 direct internet Connectivity.
10. Bank must be up to-date in remittance of all taxes due to KWSG, and in compliance with filing of returns on new accounts (as required by sections 48 (1) and 49 (1,2) of the personal Income Tax Decree).
11. Bank must be able to provide electronic copy of supporting detail information on WHT and PAYE as indicated in attached format for Analysis Data.

DATA FORMAT REQUIREMENTS

ASCII CSV DELIMITED FILE LAYOUT

Analysis Data for PAYE and WHT

1. ProcessorID (INFINITI Assigned) **
2. BeneficiaryID (INFINITI  Assigned) **
3. AppliedDate (DD/MM/YYYY)
4. EntryDate (DD/MM/YYYY)
5. AmountDeducted
6. RevCode
7. Total Remittance
8. BankTransID
9. AccountNumber
10. BankCode

Note: Z-NNNNNNNN(BBBB)/ Payer Name
          Where Z is entity type (C-Company or Regd Business, N-individual)
          NNNNNNNN is the entity unique ID assigned by Infiniti Segments Limited (INFINITI )
          BBBB - is the branch ref Code assigned by Infiniti Segments Limited (INFINITI )
          NNNNNNNN, BBBB - Can be obtained on this site (www.kwsg-ebs-rcm.com) for registered TaxPayers

Item1: Unique identification Code for the Company/Individual Processing this transaction
Item2: Unique identification Code for the Company/Individual, from whom amount was deducted,
Item3: AppliedDate indicates the date amount was deducted from indicated PayerID (2).
Item4: Entry Date indicates the date amount was remitted to the KWSG.
Item5: AmountDeducted is the actual amount deducted from PayerID (2) for the month indicated inAppliedDate (3).
Item6: See attached list of valid revenue codes (applies only to PAYE & WHT).
Item7: Total Remittance is the total actual amount remitted by the CoyID (1) for the month indicated in the AppliedDate (3).
Item8: BankTransID represents Unique Entry No (3) shown in Remittance Data.
Item9: Account Number refers to the KWSG account number in the Remitting bank (4) shown in Remittance Data.
Item10: BankCode is the CBN Assigned bank code of the remitting bank (1) shown in Remittance Data.

DATA FORMAT REQUIREMENTS

ASCII CSV DELIMITED FILE LAYOUT

Remittance Data

1. BANK CODE (CBN Assigned)
2. BRANCH NAME (Location)
3. UNIQUE ENTRY NO (Sequential)
4. ACCOUNT NUMBER
5. DEPOSIT SLIP NO / CHEQUE NO
6. ENTRY DATE (DD/MM/YYYY)
7. VALUE DATE(DD/MM/YYYY)
8. AMOUNT
9. AGENCY CODE
10. REVENUE CODE
11. PAYER ID/NAME
12. NARRATION
13. REVERSAL ENTRY NO
14. ASSESSMENT REFERENCE

Note:

Item5: For withdrawals enter KWSG Cheque No; for all deposits enter Deposit Slip No (which should be unique and sequential)           Payer Name
Item9: Refer to Agency Codes List
Item10: Refer to Revenue Codes List
Item11: Z-NNNNNNNN(BBBB)/Payer Name
          Where Z is entity type (C-Company or Regd Business, N-individual)
          NNNNNNNN is the entity unique ID assigned by Infiniti Segments Limited (INFINITI )
          BBBB - is the branch ref Code assigned by Infiniti Segments Limited (INFINITI )
          NNNNNNNN, BBBB - Can be obtained from INFINITI  web site (www.kwsg-ebs-rcm.com) for registered TaxPayers

Item12: Use the previous Unique Entry No. in (Item-3) for the following:
a) Correction of Bank Posting Errors
b) Reversal of collection
c) Reversal of payment