Agiblocks now has a credit risk module. When this module is activated on your system, users may specify a credit limit for a counterparty. In the Counterparty company screen, this amount is then displayed along with the credit still available. The credit available amount is displayed as both a number and a percentage remaining of the overall credit limit amount.
The available credit is calculated as the credit limit minus any invoice amounts plus any payments, including both normal payments against the invoices. Deposit amounts are also applied to the invoices. Invoices in different currencies from the credit limit are converted using the latest currency rates entered into the Market data screen.
| • | When the credit limit has 10% or less amount remaining, the limit and the available percentage are displayed in orange. |
| • | When a credit limit has been completely used, the limit and the available (zero or negative) percentage are displayed in red. |
A Counterparty credit limit amount is entered by editing a Counterparty record. (The credit limit cannot be entered when creating a Counterparty). To enter a credit limit amount:
| • | Select the Counterparty tile from the Main menu. |
| • | Select the Counterparty name from the list of Counterparties on the Counterparties screen. |
| • | Select the Edit button from the App bar. This will open the Counterparty record in edit mode. |
| • | Enter the credit limit amount in the Credit limit field. |
Select the Save and close button to save the record. The credit limit amount will now appear in the Counterparty information at the top of the screen.
Credit Risk Permissions
There are 2 permissions to manage viewing and editing credit risk information. Edit credit risk allows a user to enter credit limit information. View credit risk allows as user to view the credit risk information on a Counterparty screen. Both are found in the Company section of permissions.
Note: Credit risk will be enabled for all existing Enterprise customers, but Agiblocks Administrators will need to grant permissions to users in order to see and edit this information.
Note: Credit risk will be enabled for all existing Enterprise customers, but Agiblocks Administrators will need to grant permissions to users in order to see and edit this information.