This is the amount being retained as surety to be provided to the banks against the value of your batch. Surety, in effect, is a minimum liquidity level that we must provide to our bankers in order to be able to process debit orders. It is also used as additional cover for late returned transactions not provided for in your unpaid retention.

Surety retention is calculated as 10 percent of the debit order batch where the legal entity is a company or close corporation. Where the legal entity is a sole proprietor, the 10 percent surety will not apply.  Because of the potentially higher risk associated with recovering funds from sole proprietors, Netcash will retain 100 percent of the value of any batch processed which will be released to form part of the available balance after 22 working days.