Party preferences
PartyA party is any individual or business entity having a banking relationship with the bank. Preferences maintenance enables the Bank to define certain parameter like limits, approval flow, channel access permission etc. This maintenance is done only for corporate type of parties and is not applicable for retail type of parties.
Corporate Administrators can only view the preferences set for a corporate party by accessing the Party Preferences screen. Corporate AdministratorAdministrator is a set of individuals that administer the applicant/Affiliate entity. For example, Accountants, Authorized Signatories for organizations, Power of Attorney for individuals. does not have the rights to maintain or edit the party preferences.
Parameter values maintained against a corporate party defines the system behavior for the following:
- Cumulative daily limits per transaction for the corporate party
- User Transaction Limits Transaction limits for the users
- Type of Approval flow applicable
- Channel Access Preferences
- Availability of Corporate Administrator facility
Prerequisites
- Party preference is maintained by the Corporate administrator
- Approval rule set up for Corporate Administrator
- Corporate Administrator is maintained for a party
- Transaction access is provided to Corporate Administrator
Features Supported In Application
Party Preference maintenance available for Corporate Administrator users in the application includes;
- View Party Preferences
How to reach here:
Toggle menu > OnBoarding > Party Preferences
OR
Corporate Administrator Dashboard > Quick Links > OnBoarding > Party Preferences
Party Preferences - View
Corporate Administrator logs into the system and navigates to the Party Preferences screen.
System displays the preferences maintained for the Party linked to the Corporate Administrator. Corporate administrator can view the details but cannot edit anything in the screen.
Field Name |
Description |
---|---|
Party ID |
Party ID mapped to the logged in Corporate Administrator. |
Party Name |
Party name of Party ID mapped to the logged in Corporate Administrator. |
Details |
|
Grace Period |
Provision of certain period of time is made to allow user to approve the transaction after the actual due date. Note: The tooltip with information will appear on dashboard in the Pending for Approvals section only when the user hovers on grace period. |
Approval Flow |
The approval type for the party. The options are:
|
Channel Access |
Whether the corporate user can transact through channel banking. The options are:
|
Forex Deal Creation |
Whether users associated with a party can create forex deals. The options are:
|
Corporate Administrator Facility |
Whether the corporate has Corporate Administrator rights and can one of the user perform the administrator functionalities on behalf of Party. The options are:
|
Accessible Roles |
This field lists the type of roles that will be available to the Corporate Administrator while on-boarding a user for the corporate party. Options are:
|
Cumulative Limits This displays the cumulative daily limits (CCL) package associated to the party. All the touch points and touch point groups for which the limit package is associated are displayed here. |
|
Touch Points/ Group |
Name of touch points/ groups maintained, for which the limit package is to be mapped. |
GLOBAL |
Limit packages maintained for the selected touch point will get listed here. |
User Limits This field displays customer user level limits (CUL) mapped to the party. All the touch points and touch point groups for which the limit package is associated are displayed here. |
|
Touch Points/ Group |
Name of touch points/group maintained, for which the limit packages are to be map. |
GLOBAL |
List of the packages available for mapping to a touch points/ group are listed here. |
- Click to cancel the transaction and navigate back to ‘Dashboard’.
FAQs
What is sequential type of approval flow?
What is Parallel type of approval flow?
What is cumulative daily limit package?
Can corporate administrator view the party preference maintained for a linked party?