To set up a new limit, go to ELCYLimit, Limit, Create Limit

• The first limit to be set up needs to be a Standard Limit. 
• Choose the main bank this applies to, the action you want to happen if the limit is breached, its currency and value.  
• The Breach Type is either absolute total (ie the amount in the value box) or a percentage of this total, enter the % in the box.
• Give the limit a descriptive name as this is how it will be found in transactions.
• Tick the box for Limit Active if the limit is able to be used immediately after creation.
• If the entity that the limit is created in can save transactions against the limit, tick the “can utilise this Limit” box.  

• Enter an expiry date if needed and tick Committed Limit if appropriate.

  

• If only one type of transaction is allowed under the limit, then click Limit Utilisation Type Single and the following options are available.

  

• Otherwise click Multiple, and the detailed options on the left appear for you to complete as required.

  

• Where your organisation has a parent/child set up, you can select which (if any) of the other clients are allowed to use this limit by ticking in the box on the left AND the one under Allow to Use Limit.

  

• If the limit applies to more than one of your banks, e.g. different branches of the same bank, tick all the relevant banks.

  

  Click on Create Limit at the bottom of the screen.