Limits Definition

Limits are defined by the bank to set up amount and duration based restrictions on the transactions that can be carried out by the user.

As part of limits definition maintenance, following limits can be defined:

• Transaction: It is the initiation limit with minimum and maximum amount defined typically for a user with role ‘Maker’
• Cumulative: It is the collective transaction amount limit for all the transactions that can be performed during a day and maximum number of transaction in a day

Limit package maintenance allows the administrator to map these definitions to every transaction.

Pre-Requisites

• Transaction access is provided to Corporate Administrator.
• Approval rule set up for Corporate Administrator to perform the actions.

 

Workflow

 

Features supported in application

Using this option 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. can perform the following actions:

• Search/ View Limits
• Create Limit
• Delete Limits

How to reach here:

Corporate Administration Dashboard > Toggle menu > Limits > Limits Definition

Limits Definition - View

Using this option, Administrator can search for particular limit based on different search parameters. The search results displays a limit list based on different search filters selected.

To search and view limits:

• In the Limits Definition screen, enter the search parameters and click Search. The Limits Definition screen with search results appears based on the searched criteria.
  OR
  Click Cancel to cancel the search process.
  OR
  Click Clear to reset the search parameters.
  

Limits Definition- Search

• Click the Limit Code of the record for which you want to view the details. The Limits Definition-View screen appears.

Limits Definition- View

• Click Delete to delete the limit.
  OR
  Click Cancel to cancel the transaction and navigate back to dashboard.
  OR
  Click Back to navigate to the previous screen.

Limits Definition- Create

Using this option, Corporate Administrator can create a limit as required.

To create a transaction limit:

• In the Limits Definition screen, click Create. The Limits Definition- Create screen with Transaction tab appears.

Limits Definition - Transaction - Create

• In the Transaction tab screen, enter the code in the Limit Code field.
• In the Limit Description field, enter the description of the limit.
• From the Currency field, select the appropriate currency for the limits.
• In the Minimum Amount and Minimum Amount field, enter the minimum and maximum amount for a transaction in local currency.
• Click Save to save the created limit.
  OR
  Click Cancel to cancel the transaction and navigate back to dashboard.
  OR
  Click Back to navigate to previous screen.
• The Review screen appears. Verify the details, and click Confirm.
  OR
  Click Cancel to cancel the transaction.
  OR
  Click Back to navigate to previous screen.
• The success message of transaction submission appears.
  
  Click OK to complete the transaction.

Limits Definition - Cumulative - Create

To create a cumulative limit:

• Click the Cumulative tab. The Limits Definition- Create screen with Cumulative tab appears.
• Enter the relevant information in Limit Code and Limit Description field.
• From the Frequency field, select the appropriate duration for the limits.
• From the Currency field, select the appropriate currency for the limits.
• In the Cumulative Transaction Amount field, enter the collective amount of transaction in local currency.
• In the Maximum Transactions field, enter the value for maximum number of transactions.
• Click Save to save the created limit.
  OR
  Click Cancel to cancel the transaction and navigate back to dashboard.
  OR
  
  Click Back to navigate to previous screen.
• The Review screen appears. Verify the details, and click Confirm.
  OR
  Click Cancel to cancel the transaction.
  OR
  Click Back to navigate to previous screen.
• The success message of transaction submission appears.
  Click OK to complete the transaction.

Limits Definition- Delete Limit

Using this option, Corporate Administrator can delete a created limit. Limit definition can be deleted only if it is not in use (available as a part of any limit package).

To delete a limit:

1. In the Limits Definition screen, enter the search parameters and click Search. The Limits Definition screen with search results appears based on the searched criteria.
   OR
   Click Cancel to cancel the search process.
   OR
   Click Clear to reset the search parameters.

• Click the Limit Code of the record for which you want to view the details. The Limits Definition-View screen appears.

• Click Delete. The Delete Warning message appears.
  OR
  Click Cancel to cancel the transaction and navigate back to dashboard.
  OR
  Click Back to navigate to the previous screen.

4. Click Yes to confirm the deletion.
   OR
   Click No to cancel the deletion process.
5. The success message of transaction submission appears.
   Click OK to complete the transaction.

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