The International Wire Limit Requests screen provides the User with an area to review current and historical temporary exposure limit requests related to international wires. Users may also request new temporary exposure limit increases from this screen. It is visible only with applicable permissions.
Requests may go through dual approval by the member, followed by approval at the Corporate.
Sorting and filtering is available on all columns. Click the arrow next to the column header to sort the column. The orange arrow indicates which column is currently sorting the information. Search within a column by typing information into various search boxes located just under the column header, or by utilizing the column dropdown, if available. Once the desired search information has been entered, a list of outgoing temporary exposure limit requests is displayed. To clear filters, click the x located in the search box, or click the Clear filters option at the top right side of the card.
The User may export the list of temporary exposure limit request information to a PDF document or Excel spreadsheet by clicking the Export to PDF or Export to XLSX button.
Users with appropriate privileges may also create and approve requests from this screen.
Create Temporary Exposure Limit Request
Users with the Wire International Settings Manager role may create new temporary exposure limit requests.
To submit a new temporary exposure limit request:
Navigate to the Money Movement module
Click the Wire tab
Select International Wire Limit Request
Click Create New
Review the Request Details and Exposure Limit Details cards
The Request Details card contains the Effective Date and Origination Limit Increase Requested fields
The Exposure Limit Details card displays the following information to assist the User in requesting the most appropriate amount.
Effective Date and Day of Week - updates based upon the date indicated in the Effective Date field on the Request Details card
Exposure Limit, Total Originated, and Credit Details - all fields automatically update based upon; the credit union’s current Exposure limit, the total of international wires originated for that day and the credit union’s current credit position
Indicate the Effective Date - may be future dated
Provide the desired limit increase in the Origination Limit Increase Requested field
Click Create
The User will see an updated status of In Review on the request. Any Users with the ability to approve the request will see a status of Pending.
Approving Temporary Exposure Limit Request
A User with appropriate privileges must review and complete approval of a temporary exposure limit request.
Navigate to the Money Movement module
Click the Wires tab
Select International Wire Limit Requests
Click the Request ID hyperlink to review the request details
Click the appropriate action button: Approve, Reject, or Cancel
Approve with submit the request to the Corporate for final approval
Reject will terminate the request - a reject reason is required (ex. wrong amount)
Cancel will terminate the request - a cancel reason is required (ex. no longer needed)
Once the request has been completed by the credit union, the request will be submitted to the Corporate for final review and approval. Requests in this stage will reflect a status of Corporate Review.
Complete Temporary Exposure Limit Request
Temporary exposure limit requests that have gone through the approval process at the Corporate will update to a status of Approved on the Temporary Exposure Limit Requests screen.
It is strongly suggested that Users enroll in the International Wire Temporary Exposure Limit Change Approved subscription notification. This will notify Users at the credit union when the request has been approved and updated in the Beastro system. To enroll in the subscription notification, the User must click their initials in the upper righthand corner of any screen in Beastro and click Manage Your Profile. From there, turn on the toggle for the International Wire Temporary Exposure Limit Change Approved subscription and click Save Changes.