Approving an agreement

An agreement must be approved before it is executed in Liquidity. Approval is also required if an existing agreement is modified.

Liquidity uses the Maker Checker concept for approving an agreement. A checker with the relevant rights can approve a new or modified agreement. A checker with relevant rights cannot approve his own changes.

Approver can view the information before approving it. If an agreement is scheduled to be executed on the date of approval, Liquidity requires the bank user to first cancel the scheduled execution.

After the amendment to an agreement is approved, the modified details of the agreement are applicable.

To approve an agreement

1. Navigate to Liquidity >> Sweeping.

2. Click Agreement Sweep Setup. The Agreement Sweep Setup summary page is displayed.

3. Select the agreement that you want to approve.

4. Click Approve from the action list.

· After approval, the status of the profile changes to Approved.

· You can also reject the agreement using the above method. Select the agreement and click Reject.