4.7 Account Limits Update

This topic describes the systematic instructions to add new limits or modify existing limits of an account.

1. On Home screen, click Corporate Account Services. Under Corporate Account Services, and click Account Limits Update.
   The Account Limits Update screen displays.

   Figure 4-50 Account Limits Update

   
   

   
   Description of "Figure 4-50 Account Limits Update"

   
   
2. Specify one or more fields in the Account Search section.

   Table 4-29 Account Search - Field Description

   Field	Description
   Customer Number	Specify the CIF number of the customer owning the required account.
   Customer Name	Displays the name of the selected customer.
   Account Category	Specify the account category to which the account belongs.
   Description	Displays the description of the selected account category.
   Currency	Specify the operating currency of the account.
   Currency Description	Displays the description of the operating currency.
   Account Number	Specify the required account number.

3. Click Search.
   The Account Selection section displays the accounts matching the search filters.
4. Click the tile to select the required account and then click Initiate.
   The Entry of Limits Update Details - Application Number screen displays the Account Basic Details section.

   Tip:

   Make a note of the Application Number. This is needed to identify the task at the entry, enrich, and approval stages in the matching process, on the Free Tasks page.
5. Verify the Account Basic Details are for the required account and click Next.
   The Limits section displays.
6. Specify the Limits update for the required currencies.

   Note:

   Limit updates for multiple currencies are available if the account is a multi-currency account.
   • To add new limits, click under Limits, and fetch the required currency from the Currency dialog.
   • To edit an existing limit, expand the currency node.
   The Limit details on the currency display.

   Figure 4-51 Entry of Limits Update Details

   
   

   
   Description of "Figure 4-51 Entry of Limits Update Details"

   
   
7. Click on each tab under the Limits section and update the limit details.
   For more information on the editing process and the field descriptions, see the Limits data entry step in the Account Creation topic.

   Note:

   When adding new limits, currencies that apply to the multi-currency account are available for selection, not all currencies.
8. Click Next.
   The Summary screen displays the updated Limits tile and the Account Basic Details tile.
9. Click Submit.
   The Stage Movement Submission dialog displays the Overrides stage.
10. To complete the Stage Movement Submission process, follow the steps below:
    1. Accept any Overrides generated and click Proceed Next.
       The Checklist stage fetches and displays checklists mapped to this stage.
    2. Confirm the checklist items and then click Proceed Next.
       The Outcome stage displays.
    3. Select PROCEED from the drop-down list and click Submit.
       The Stage Movement Submission process creates the Approval Limits Update task and opens the Free Tasks page.
11. To complete the Approval Limits Update task, follow the steps below:
    1. Select Tasks, and under Tasks, click Free Tasks.
       The Free Tasks page displays.
    2. Search the listed tasks with these column values. Process Name column contains Limits Update, the Stage column contains Approval Limits Update, and the Application Number column contains the number noted in Step 4.
    3. Click Acquire and Edit.
       The Approval Limits Update - <Application Number> page displays.
12. Review the updated limit details and click Submit from the Summary page.
    The Stage Movement Submission dialog displays the Overrides stage.
13. To complete the Stage Movement Submission process, follow the steps below:
    1. Accept any Overrides generated and click Proceed Next.
       The Checklist stage fetches and displays checklists mapped to this stage.
    2. Confirm the checklist items and then click Proceed Next.
       The Outcome stage displays.
    3. Select PROCEED from the drop-down list and click Submit.
       The limits update process is complete.
14. To confirm that all stages of the Limits Update process are complete, click Tasks under Tasks, and click Completed Tasks.
    The Completed Tasks screen displays the two stages of the Limits Update process, the Entry and Approve stages.

To view the updated limit details in the account, see Account Search - Account Limits.