Create an Authorization

Updated September 27, 2022 14:02

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

Log in to your Fairways Guarantees account.
Navigate to Authorizations.

Create an Authorization

Click Add Authorization.

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. Outstanding amount of new guarantees: Only effective, releasing, and closed 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.

Click Validate.

The authorization profile displays.

What's Next

Update Authorization Rules