Create Entry and Approval Limits

Introduction

This option will allow the administrator to create entry and approval limits for the individual transactions. Entry and Approval limits can also be channel specific. The same transaction done through different channels could have different applicable limits. The entry limit will be validated at the time of initiation of the transaction. The user will not be allowed to create a transaction for a value higher than the entry limit allowed. Similarly, the approval limits will be validated at the time of approving a transaction.

Navigation

The following is the navigation for this option:

• Click Create New in the Entry and Approval Limits Screen.

OR

• Click Create New in the Entry and Approval Limits List Screen.

• The Create Entry and Approval Limits screen is displayed.

What you can do

The table below provides a brief description of the data that must be specified on the screen and the functions you can perform:

Field

Description

Limit Scheme

The limit scheme to be linked can be selected from the drop-down. The limit scheme is attached at the individual user level.

Note:

1. This is common code of code type RLS.

2. This is a mandatory field.

Transaction Type

The transaction type for which the limit is to be set.

Note:

This is a mandatory field.

Limit Type

The limit type for which the limit is to be set, either Entry limit or Approval limit.

Minimum Amount

The minimum amount to be allowed for the transaction.

Maximum Amount

The maximum amount to be allowed for the transaction.

Currency

The limits will be created in the home currency.  The home currency will be displayed. This is a non editable field.

Channel Type

The limits can also be channel specific.  The channel can be selected from the drop-down. Depending on the channel being selected, the limits will be applicable to the transactions being done through that channel.