Applicant users of RIVO have the ability to set up limits for the banks that they have added.  
This allows the corporate to manage how much business they do with each bank/financier. 

When creating a deal, the limit is used up and checked against. 
If the limit is breached, a validation error will be issued. 

When the deal is finally closed, then the amount is returned to the limit. 

Additionally corporate have the option to set up multiple limits for same bank.

To set a Limit, first Add your Financier under the Administrator > Banks/Limits menu and Click View Bank/Limits.

To create a credit limit value, click Add New, then enter the mandatory details such as the Limit Reference Unit, Bank Unit, Currency, and Limit Value. Once completed, click Save

By choosing the date that is valid through the option, the user can also specify the validity of the limit for a certain period.

Selecting the applicable product (Outgoing Guarantee, Import LC, and Outgoing Standby LC) allows you to capture the bank’s limit specifically for certain products.
 

You also get a graphic showing how much of the limit is available.  

Limit Reference:

• After selecting the bank, the system automatically fetches the Limit Reference for the credit limit assigned to that bank and organization.
• The "Limit Reference" is only visible to the initiator of the deal and the Issuing Bank.

Planned: The user has the ability to tick the limit planning box during deal initialization; if checked, the limit will appear in the planned limit. 

Utilized: The deal amount will appear in the utilized limit as soon as the corporation releases the contract. 

Available: After deducting the planned and utilized limits, the available balance will appear in the available limit.

Available Amount = Credit Limit - Utilized amount - Planned Amount

If you exceed the available limit, you will get an error whilst keying it.

Set the limit using a different currency.

As a corporate admin user while setting the limit for the bank or unit per bank, the user should be able to set the currency along with the amount so that the limit can be set in any applicable currency.
 

• The user should be able to choose the currency on the limit screen
• The user can change the currency as long as the limit amount is not planned or utilized.
• To calculate utilized and Planned amounts, currently, the conversion is done using the base currency. The conversion should be applied based on the limit set currency. (Guarantee amount -> Base currency -> Limit currency)