I need to maintain Counterparty Limits based on credit rating. I.e. if Rating A+ limit is 250m, if B it is 75m etc. When ratings change, limits need to be updated. I have to create a new one, as the rating is parameter you cannot change.
When I create a new limit, I want the utilisations under the old limit to move to the new one. When running end-of-day processing, it updates with the new limit, but still also against the old one, which is locked, and the shows a breach. How do I "remove" the old limit from the transaction?
Bluesky
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