Overview

The Limits tab provides the list of all limits created on the platform.

Opening the item

Follow the steps below to see the list of Limits created:

  1. Navigate to the Admin Panel;

  2. Click Banking on the left sidebar;

  3. Go to the Limits menu item to open the Limits List.

Follow the steps below to browse and edit Limit details:

  1. Navigate to the Admin Panel;

  2. Click Banking on the left sidebar;

  3. Go to the Limits menu item;

  4. Click Browse or Edit in the line of a Limit.

Component parameters

Client Verification Level – the column demonstrates the level names created previously;

Client Type - the column defines whether a Level is applied to a Private Person or a Company;

Name – the column includes names set for the Levels in the list;

Status – the column shows whether a Limit is active or disabled. The Limit status can be changed in the Edit mode;

Created at – date and time of creation;

Action – show or edit Limit details:

  • Click Show to open the Limit details without the ability to edit them;

  • Click Edit to open a Limit with the right to apply changes;

  • Click Check to scan past transactions for a particular period configured in the limit rules. The transactions exceeding the limit will become Pending and the clients will receive a notification. Therefore, the feature allows to check whether the limit has been applied to all of the corresponding profiles.

Checkboxes are used for Limit deletion. Check a Limit or the All Elements checkbox below and click Ok to delete the selected elements.

Download the list of Limits is available for download; choose the export format type and click Download to get the list in the correspondent file type.

Add new – create a Limit manually, see How to create a Limit for details.

Configuring the component

Limit details is the main panel of limit information display and editing. The Details include the same information fields as the fields used in the Limit Creation.

Client Verification Level – defines the Client verification level the limit is applied to. The verification levels correlate with the Client identification stage (not available for editing):

  • Level 1 (email verified)

  • Level 2 (email and phone number verified)

  • Level 3 (email, phone number, and documents verified - the level is manually applied to a Client)

  • Level 4 (email, phone number, and documents verified, the questionnaire is complete - the level is manually applied to a Client)

Client Type defines whether the limit is applied to a Private Person or a Company;

Name – the Limit name set while creation. Available for editing;

Description – the Limit description used for internal details;

Status defines whether the limit is Active or Disabled. Any disabled Limit is available for activation.

Thresholds are the key information on the Limit defining the constraints applied to Clients of a defined Verification Level.

  • Type – the field defines one of the following threshold types:

    • Transaction amount - the threshold covers the sums of all transactions per period. The parameter restricts all transactions and transfers related to the Client’s account.

    • Transaction count - the threshold covers the number of transactions per period. The parameter restricts all card related transactions, such as a card purchase and card withdrawal.

    • Transfer count - the threshold covers the number of account transfers per period. The parameter restricts all account related transactions that do not require a card for processing. For example, incoming and outgoing SWIFT transfers.

  • Transfer direction - the field states whether the limited transactions are outgoing, incoming, or both.

  • Amount – the sum of the allowed activity for a stated period.

  • Currency – the limit currency:

    • An exact currency

    • All (convert to EUR) - applied to any currency (converted when calculated)

  • Period - the field defines the limit reset period.

  • Period count - the number of periods before the limit reset.

    • For example: Period = Week, Period count = 2. Therefore, the limit will be reset every two weeks.

  • Action type - the action applied to the Client’s profile once the limit is exceeded.

    • Notify - a notification is sent to email. Transactions are allowed, though the status of the transactions is changed to Pending.

    • Suspend Client - transactions are restricted. The restriction depends on the service provider settings.