Create an Authorization

Authorizations in Fairways Guarantees help you to follow your outstanding amounts based on the amounts approved by your banking partners or for internal use.

 

Navigate to the Authorizations Section
  1. Log in to your Fairways Guarantees account, e.g. https://koesio.financeactive.com/login.
  2. Navigate to Authorizations.

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Create an Authorization
  1. Click Add Authorization.

Authorizations_EN.png

  1. Complete the form with all relevant details.

Note: Fields marked with an asterisk * are mandatory.

Field

Description

Label

Authorization name.

Effective Date

Start date of the authorization period.

End Date

End date of the authorization period.

Scope

What guarantees the authorization takes into account:

  • Maximum Outstanding Amount: All active guarantees.
  • New Guarantee Outstanding Amount: Only guarantees with effective dates matching the authorization period.

Counter-Guarantee Impact on Risk

How counter-guarantees impact the used amount:

  • Mitigated: Counter-guarantees impacting the guaranteed amount impact the used amount.
  • None: No counter-guarantee impacts the used amount.

Perimeter

Perimeter covered in the authorization.

Currency

Currency of the authorized amount.

Authorized Amount

Amount of the authorization.

Description

Additional details about the authorization.

  1. Click Validate.

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The authorization profile displays.

Authorization_Created_EN.png

 

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