Define deposit adjustment limits

About deposit adjustment limits

The adjustment limits approval functionality is implemented to support the multi-approval principle which requires that at least one or several people approve a certain activity.

• With the limit, you can set a threshold from which additional approval(s) is required. If the adjustment amount entered is greater than or equal to the adjustment limit, then the adjustment must be approved by a separate additional person(s).

• You can set the limits for the deposit events that are entered manually in the BackOffice. A limit can be defined for a component, event type and currency. Different types of monetary amounts such as principal, interest, and fees are referred to as components.

• No limits mean that there is no additional approval required.

The following diagram shows an overview of the deposit booking flow:

Create adjustment limit

1. Deposits > Settings > Adjustment limits.

2. Click the Add limit button.

1. Fill in the New adjustment limit details:

   • Select the Component and event:

     • INTEREST_INCREASE,

     • INTEREST_DECREASE.

   • Enter the Limit amount and select Currency.

Once the deposit adjustment limit is created, you can update the limit by pressing the edit icon . Or you can delete a limit by pressing the the delete icon .

Manage contract adjustments

You can view the adjustments which require approval from the Deposit dashboard or from the Deposit contract details page.

You have the option to reverse an adjustment and cancel it. If you have initiated the adjustment or its reversal, you cannot approve the adjustment. This must be done by another user. You can reject the adjustment.