Creating Limits

Customer limit records are created in the FintechOS Portal, on the Customer Limits List page.

To create a new limit record for a customer, follow these steps:

1. Click the Insert button on the top right side of the Customer Limits List page. The Customer Limit page is displayed.
   
   Alternatively, click the Add New Customer Limit button in the Customer Limits dashboard to display the same Customer Limit page. Or, manage limits at a customer level from the Customer Core menu, by selecting a customer from the list and managing their limit records within the Groups & Limits tab.
2. Fill in the following fields:
   

   Field	Data Type	Description
   Customer	Lookup	Select the customer to whom the limit is associated.
   Currency	Lookup	Select the currency for this limit.
   Is Group	Boolean	Select the checkbox if the customer is as group.
   Group	Lookup	If the customer is not a group, this field is read-only. If the customer is a legal entity that is also a group, the name of the group is automatically filled in.
   Limit Type	Option set	Select the type from the list as explained above: Total Exposure Product Type Exposure Product Exposure Exchange Exposure Country Exposure Company Exposure Role-based limits (such as Merchant Exposure) associated with the same role that the customer has in its record. If a customer has a role, then they can have role-based limits configured with a limit type associated to the same role. For example, if the customer is declared as Merchant, they can have a limit based on a limit type with the associated Merchant role. IMPORTANT!   The correlation between the limits and group is important as the limits on the parent entity affect the child entities. If the customer is a group, two additional types of exposures are available: country and company exposure.
   Limit Date	Date	Enter the date when the limit becomes active. It is automatically completed with the current date, but it can be changed.
   Is Revolving	Boolean	If this checkbox is selected, then the limit is a revolving limit, meaning that the Available Amount of the limit is replenished either on each repayment of the principal or on loan contract closure, depending on the On Repayment field's value. If the checkbox is not selected, then the limit is not revolving in any circumstances. The default value is True.
   On Repayment	Boolean	This field can be selected only if Is Revolving = True. If this checkbox is selected, then the Available Amount of the limit is replenished on each repayment of the principal with the repayment value. If the checkbox is not selected for a revolving limit, then the limit amount is replenished on contract closure with the amount of the contract. The default value is True. NOTE   The fields On Repayment and Is Revolving cannot be modified after limit approval. When these properties must be modified, the limit should be closed and a new limit with the required setup should be opened.
   Limit Amount	Numeric	Select the amount representing the limit for the credit.
   Available Limit Amount	Numeric	This field is automatically completed by Core Banking with the remaining amount, e.g. if the total exposure was $5 million, a credit was given for $3 million, $2 million is still available.
   Is Mandatory	Boolean	This checkbox is set to true by default. If this checkbox is selected, then at limit validation at the contract level, when the existing limit's available amount is smaller than the value of the contract, then Core Banking checks the limit's Is Mandatory field. If Is Mandatory = True, then an error is raised that the limit is reached and the contract cannot be approved, otherwise, if Is Mandatory = False, a warning is presented but the contract can be approved. NOTE   The Is Mandatory field's value cannot be changed from False to True when versioning a limit until Available Limit Amount >= 0.
   Expire Period Type	Option set	Select from the list the period type applicable for this limit: Days Weeks Months Years Once.
   Expire Period	Whole number	Insert the number for the period, e.g. 4., i.e. 4 months.
   Expire Date	Date	This field is automatically completed with the date when the limit expires, as calculated based on the values entered in the previous fields.
   Review Date	Date	Select a date when the limit is reviewed.

3. Click the Save and Reload button at the top right corner of the page. A number is automatically generated for the limit record and the name of the customer is filled in and displayed at the top of the page. The History tab is also displayed, containing information about each version of the record.
   
   Depending on the type of exposure selected, each type may display additional fields that must be filled in:

Additional Fields	Data Type	Description
Exchange exposure
Exchange currency limit	Lookup	Select the currency from the list.
Product Exposure
Product	Lookup	Select the product from the list. From the total exposure amount, you can set a limited amount to be given on a certain product. For example, for a corporate term loan to give only $2 million dollars while the total exposure is $3 million.
Product Type Exposure
Product type	Option set	Select the product type from the list: bank account term loan card overdraft leasing mortgage credit card deposit.
Product type is secured	Boolean	If true, then the type is secured by an asset.
Country Exposure
Country	Lookup	Select from the list the country where the limit is available.
Company Limit
Company	Lookup	Select from the list of group members the company for which the limit applies. For details on Groups, see Groups.

4. Click the Save and Close button at the top right corner of the page.
   In the Contracts section, the existing contracts affected by this limit are displayed. To export the list, click the Export button.
   
5. Repeat to add as many limits as needed.

6. Send the limit record to approval by changing its status into Send to Approved.
7. A user with customer limits approval rights must approve the record before it becomes active in the system. The approval can be performed from the Customer Limits dashboard > Customer Limits Approval Requests tab or from the Approval Tasks menu.