Product lines

The following Product Lines use the Limit Property Class:

• Accounts

• Bundle

• Facility

• Lending

• Multiple Currency Account

Property Class type

The Limit Property Class (optional) uses the following Property Class types:

• Dated

• Enable External Financial

• Non Tracking

Balance Prefix and Suffix

The Limit Property Class holds the below Balance Prefix for Accounts Product Line
only.

• Current

• Overdraft Limit

• Total

• Utilized Limit

Read the Limit Balances section of Retail Accounts user guide for more information.

Attributes
Add Limit Property to Existing Arrangements

The financial institutions can add the Limit property to the existing arrangements of
the Accounts, Deposits, Lending and Multi Currency Accounts product lines using
the Add New Property, New Prop Avl and New Prop Avl Date fields
in AA.PRODUCT.MANAGER.

Read Add New Property for more information on the configuration.

Periodic Attribute Classes

There are no periodic Attribute Classes associated with Limit Property Class.

Actions
The Limit Property Class supports the following actions:

Action Name Description

AGE.OVERDRAFT When Limit goes overdraft, the action updates the

OVERDRAFT.STATUS in AA.ACCOUNT.DETAILS.

CHANGE The change action is part of the UPDATE- LIMIT and is

initiated manually allowing the user to change any of the
LIMIT attributes.

CLEAR.OVERDRAFT When the account comes out of overdraft status, the action
on LIMIT clears the OVERDRAFT.STATUS
in AA.ACCOUNT.DETAILS

CLOSE To close the limit facility.

DELINK To delink the limit product from the business product.

INITIATE.OVERDRAFT When a customer initiates an overdraft, this action can be

used to update the Primary OD Date field to indicate the
customer initiated overdraft.

ISSUE.CHASER To send chaser for an over utilisation on the approved

limit.

MAINTAIN To update the limit and maintain a limit record at the

individual customer limit level recording this utilisation

MAINTAIN.BALANCE To maintain the balances required to calculate the

utilisation of the limits.
 Action Name Description

RESUME To resume the utlisation of a suspended limit facility.

SUSPEND To temporarily suspend the further usage of the limit by the

Customer.

UPDATE The update action is initiated as part of the NEW-

ARRANGEMENT activity.

UPDATE.BALANCE The update action is initiated as part of the NEW-

ARRANGEMENT activity and the Limit Utilisation is
updated accordingly.

Accounting Events
The Limit Property does not perform any actions that generate accounting events.