T24 : Limit Amount to be increased - clarification reqd

[Srinivas]

hi ,

May i know the procedure or any setup  to increase the limit amount of a Non Revolving limit reference when ever there is an excess of transaction amount compared with allocated Limit Amount so that i cannot get the excess override message when committing the transaction.

Here this functionality is to be applied for Trade finance module.

Business :

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1. LC of Usance is created with Non Rev limit ref ,say 1M USD

2. DR is created of Acceptance-Type with Non rev limit ref , say 1M USD . When this settlement is done liability is hit and limit gets liquidated on the maturity date of Drawing .

But once the 2nd step is done , locally we are raising LD contract with the same product limit reference . Since the limit is completely utilised by the above settlement of Drawing , we get an excess override message . To prevent this i wanted to know is there any procedure technically to increase the Limit amount by the amount which LD will be created.

I Appreciate your reply, please.

Cheers,

 
SrinivasYadav. G

[kanesolve]

I do not know how far it is fair to ask this question in this group. What you are asking is purely a T24 implementation question which should be either directed to Temenos helpdesk or your account manager.

 

I may get some bricks for this, but I just wanted to air my view.

 

Regards

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[sharath gowda]

Hi Srinivas,

 

Do chk if the limit is hit before authorisation of Drawings contract,if not i think it is possible to give a simple workaround without technical interference if the cient aggrees.

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Thanks & Regards

Sharath
+ 91 9902434804(India)

[Srinivas]

Hi Sharath,

Yes the limit is hit before the Drawings contract is authorized . When the Drawing contract is in INAU stage , liability is hit with the Document amount. 

Regards,

Srinivas Yadav.

SrinivasYadav. G
Mobile No: 00966 - 564991072