This topic provides the systematic instruction to authorize the amendment details.

1. On the Homepage, type MSCTFAUM in the text box, and click the next arrow.
   The Trade Finance Authorize Message screen is displayed.

   Figure 6-22 Trade Finance Authorize Message

   
   

   
   Description of "Figure 6-22 Trade Finance Authorize Message"

   
   

   • Product transaction limit
   • User Input Limit

   If the transaction currency and the limit currency are different, then the system converts the amount financed to limit currency and checks if the same is in excess of the product transaction limit and user input limit. If this holds true, the system indicates the same with below override/error messages:

   • Number of levels required for authorizing the transaction
   • Transaction amount is in excess of the input limit of the user

   You have to get a contract authorized by your supervisor. Follow the steps given below to authorize:
2. Click the Authorize button.
   The system will seek a confirmation for generating the messages.
3. Click Ok button to proceed.
   The system will seek a confirmation for generating the messages. Click OK to proceed.
4. Click Cancel button to return to the Amendment Confirmation screen.
   The system will display a message to confirm successful authorization of the record. The audit trail of the screen will now display the following details:

   • Checker ID – Login id of the authorizer
   • Checker Date Stamp - The date and time at which you authorized the contract
   • Auth Status – The status will updated to ‘Authorized’

   The accounting entries for the amendment will be posted only after the authorization of the contract.

   Note:

   You cannot authorize a contract in the following cases:

   • The contract has multilevel of authorization pending, the same will be done using the Multilevel Authorization Detailed screen.
   • The level of authorization is greater than or equal to ‘N’
   • The ‘Nth’ or the final level of the users authorization limit is less than the difference between amount financed and sum of the limits of all the users involved in authorizing a transaction, this case holds good when the Cumulative field is checked in the Product Transaction Limits Maintenance screen.

   The transaction amount is greater than the authorizers authorization limit if the Cumulative field is unchecked in the Product Transaction Limits Maintenance screen.