Entry and  Approval Limits

Introduction

This option is used to maintain entry limit and approval limits.

Approval Limits is used for checking the approval limit of the user approving the transactions.

Entry Limits is used for checking the entry limit of the user initiating the transactions. The user will not be allowed to make a transaction of a value higher than the entry limit specified for him for that transaction.

Entry and Approval limits are defined with a combination of limit scheme, transaction type and channel type.  The Limit scheme will be linked at the user level.  Based on the combination of the transaction type and the limit scheme, the entry/approval limit defined will be applicable to those transactions for the user.

The administrator can perform the following functions:

• Search for an approval / entry limit record based on limit scheme, transaction type, limit type and channel type. The list displays the bank ID, limit scheme, transaction type, limit type, minimum entry limit, maximum entry limit and channel type.

• Add a new approval / entry limit. The fields include limit scheme, transaction type, limit type, minimum  amount, maximum amount and channel type. The currency is always in the home currency.

• The limits can be modified and deleted

Note:

1. Entry and Approval limits are maintained in the home currency. For checking the limits, where the transaction amount is not in home currency, an exchange rate between the transaction currency and home currency is applied. This helps in getting the transaction value in home currency. For this conversion, mid exchange rate is considered and no spreads are applied.

2. Entry and Approval limit maintenance is recorded in CLMT table

3. Entry limit is mandatory for all users. The linking of approval limit is optional as per requirement.

Navigation

The following is the navigation for this option:

• Click Entry & Approval Limits in Application Maintenance > Limits screen.

• The Entry and Approval Limits screen is displayed.

What you can do

The table below lists the functions you can perform using the Approval Limits option:

Field

Description

Limit Scheme

The limit scheme whose record is to be retrieved.

Transaction Type

The transaction type whose entry / approval limit is to be retrieved.

Limit Type

The limit type, whether entry , approval or all records are to be retrieved.

Channel Type

The type of channel whose records are to be retrieved.