5.1.2.2 Credit Exception Management (Multiauthorization)

This topic describes about the information on managing the credit exception.

As part of the Utilization Transaction process, provides the Credit Exception Management feature. This process will be executed in the following case.

Inputted Transaction Amount Crosses Specified Limit

At facility maintenance level, you can specify what would be the Maximum Transaction amount, which can be processed without any RISK department approval. If the transaction amount is greater than the specified amount then system passes this transaction to multiauthorization stage.

Assume that facility has been maintained with following details.

• Liability No : TATA
• Facility Name: PERLOAN
• Facility Sl No: 1
• Facility currency : INR
• Limit amount : 1,00,000.00
• Utilized amount: 0
• Available amount: 1,00,000.00
• Max transaction amount : 10,000.00
• Max breach amount: 1,20,000.00

  If the utilization amount is greater than 10,000.00 (INR) then the system passes these transactions to multiauthorization stage.

  For more details, refer the section Credit Exception Management in the Process Flows document.

Inputted Transaction Amount Crosses the Breached Limit.

At Facility Maintenance, you can specify a Maximum Breach Amount above which necessary approval is required from RISK department. If the transaction has been breached, that is, the utilized and the breached amount are greater than the specified breached amount, then the system passes this transaction to multiauthorization stage.

In the above example, if the utilized amount is greater than 1,20,000.00 then the system passes these transactions to multiauthorization stage. If the utilized amount is between 1,00,000 and 1,20,000 then the system throws an override.

Note:

If transaction is Force Authorized then the system uploads the transaction as authorized and the system sends the information to RISK department. RISK department cannot reject this transaction.

For more information, refer to the Credit Exception Management section in the Process Flows document.