Effective dates

Exposure limit monitors, batch (ICL) limits, and transaction limits all apply to a specific date range. This date range is defined by using the begin date and end date fields for the monitor or limit. The begin and end dates are defined with a month and day, but not a year. Since the year is not specified in the effective date range, a new definition does not have to be created or updated each year.

During certain times of the year, a user might want to define a monitor, or a batch (ICL) or transaction limit, with an increased credit or debit limit. For example, the normal credit limit for a participant is $500,000 from February through November. However, during the holiday season, the credit limit for the same participant increases to $1,000,000. The monitor definitions to support this example are shown in the following table.

Table 1. Example limit monitor definitions
Monitor credit limit.	Monitor start date.	Monitor end date.
$500,000	1 February	15 November
$1,000,000	16 November	31 January

Using these monitors, the $500,000 credit limit is checked from 1 February through 15 November every year and the $1,000,000 credit limit is checked from 16 November through 31 January every year.