HOW TO AMEND BACS APPROVAL PERMISSIONS AND A BACS PANEL. Getting ready for Commercial Banking Online

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1 ѐ HOW TO AMEND BACS APPROVAL PERMISSIONS AND A BACS PANEL Getting ready for Commercial Banking Online

2 Updating your BACS Approval Permissions and BACS Panel The BACS Multiple Panel approval process is different in Commercial Banking Online. On the new platform the approval limit applies to the total batch value. On LloydsLink Online the approval limit applies to the value of an individual payment. When you have access to Commercial Banking Online you will need to: Check and edit the approval limits for each role for BACS Payments. Set the BACS Panel thresholds at the correct limit so BACS Payments can be made. 2

3 Update BACs Payment Approval Permissions and Instruction Limits in the Role 1. On your homepage select Administration, then Roles and Role Maintenance. 2. Choose the relevant BACS Role and select Modify. 3. On the Payments tab click the dropdown alongside BACS Payment. 3

4 4. Enter values for Instruction Limit and Batch Limit for this Role. Instruction Limit Batch Limit Daily Limit Maximum value of an individual Payment within a BACS Multiple that the Role can approve. Maximum total value of the BACS Payment batch the Role can approve. You can include a limit for total value of BACS Payments that can be approved in one day for this Role, if needed. 5. You can set the above limits for Freeform Payments, Templates and Payment Imports in the relevant sections. 6. Select Save. You will then need to approve the changes to the Role. 4

5 Amend the BACS Panel thresholds As part of your move to Commercial Banking Online, the BACS Panel threshold amounts will show the individual instruction limits your business had on LloydsLink Online. However, threshold amounts in a BACS Panel represent the total value of BACS Payments the Panel can approve, not the individual Payment instruction limits. Therefore, you will need to amend the thresholds in your BACS Panel on the new platform to reflect the total BACS Batch values that you require users approve in your business. There are two ways to do this: 1. Make the threshold obsolete by assigning an approver type you don t use. 2. If you don t have a spare approver type, delete and set up a new BACS Panel Profile. Make the threshold obsolete by assigning an approver type you don t use 1. On your homepage select Administration, then Panels and Panel Profile. 2. Select Modify from the dropdown menu in the relevant BACS Panel Profile. 3. Select the instruction limit threshold (not batch limit). 5

6 4. Edit the Approvers so that the only Approver type for this threshold limit is the one not in use (e.g. approver type J). 5. Repeat steps 2-4 for each threshold limit you don t want to keep. 6. Then you ll need to add a new threshold. Do this by selecting Modify from the menu on the BACS Panel Profile page. 6

7 7. Select Add. 8. Enter the BACS threshold limit you need. 9. Select the combinations of Approver types for this Payment Profile. 10. Save and Approve. 11. Repeat steps 6-10 for each BACS threshold required. 12. To review which Accounts have been assigned to this BACS Panel Profile go to Administration > Panels > Panel Profile Assignments. 7

8 13. Select Modify from the menu for the relevant BACS Panel Profile. 14. Review the Accounts that have been assigned and edit where necessary. 8

9 If you don t have a spare Approver type, delete and set up a new BACS Panel Profile 1. Go to Administration > Panels > Panel Profile. 2. Select Delete from the menu for the BACS Panel Profile you want to delete. 3. Create a new BACS Panel with the thresholds and Approver combinations you need. You can find more help on the Commercial Banking Online Support Centre How to create thresholds and set approvers in a Panel Profile How to delete a Panel Profile 9

10 Find out more We hope you have found this Guide clear and easy to understand but remember, our Helpdesk team are always ready to answer any query you may have. You can reach them on between 7.30am 6pm, Monday to Friday excluding bank holidays. Telephone calls may be recorded for security purposes and monitored under our quality control procedures. Important information Lloyds Bank plc. Registered Office: 25 Gresham Street, London EC2V 7HN. Registered in England and Wales No Telephone: Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under Regulation number Lloyds Bank International Limited trading as Lloyds Bank and Lloyds Bank Commercial Banking, registered Office and principle place of business: PO Box 160, 25 New Street, St. Helier, Jersey JE4 8RG. Registered in Jersey No regulated by the Jersey Financial Services Commission. We abide by the Jersey Code of Practice for Consumer Lending. The Isle of Man branch of Lloyds Bank International Limited is licensed by the Isle of Man Financial Services Authority to conduct deposit-taking and investment business and is also registered as an insurance intermediary in respect of general business. The Guernsey branch of Lloyds Bank International Limited is licensed to conduct banking, investment and insurance intermediary business by the Guernsey Financial Services Commission under the Banking Supervision (Bailiwick of Guernsey) Law 1994, the Protection of Investors (Baiilwick of Guernsey) Law 1987 and the Insurance Managers and Insurance Intermediaries (Bailiwick of Guernsey) Law Lloyds Bank plc is covered by the Financial Ombudsman Service (FOS). Please note due to FOS eligibility criteria not all Lloyds Bank business customers will be covered. Our service promise If you experience a problem, we will always try to resolve it as quickly as possible. Please bring it to the attention of any member of staff. Our complaints procedures are published at lloydsbank.com/business LOLI/A02/0718