R12 AP: What Is The Functionality Of Payment Limit in Payment Process Profile
(Doc ID 2262170.1)
Last updated on OCTOBER 08, 2018
Applies to:Oracle Payables - Version 12.1.3 and later
Information in this document applies to any platform.
What is the exact functionality of Payments Limit in Process Process Profile setup, tab Payment Instruction Creation?
From Oracle Payments User Guide:
Oracle Payments Implementation Guide
Specifying Payment Limits
You can specify a maximum payment amount and/or a maximum number of payments for a payment instruction. If you specify a maximum payment amount, you must specify an exchange rate type from the Exchange Rate Type drop-down box. Examples of the exchange rate type options are indicated in the table below.
Descriptions of Exchange Rate Type Options Field Description
Corporate An exchange rate that is optionally used to perform foreign currency conversion. The corporate exchange rate is usually a standard market rate determined by senior financial management for use throughout the organization. This rate is defined in Oracle General Ledger.
Spot A daily exchange rate used to perform foreign currency conversions. The spot exchange rate is usually a quoted market rate that applies to the immediate delivery of one currency for another.
User A user-defined exchange rate.
From Payments User Guide
Create Payment Instructions Program Component
The Create Payment Instructions program Component shown in the preceding figure is a concurrent program that creates one or more payment instructions.
This program has several optional parameters that can be used to limit the payments that are included in the payment instruction creation process or to dictate further payment processing.
First, the program reads all payments that have a status of Created.
This status makes payments eligible to be built into a payment instruction.
From Payments Implementation Guide
Funds Capture Processing Rules Configuration: Oracle Payments holds funds capture processing rules in an entity called the Funds Capture Process Profile.
You can configure as many funds capture process profiles as you need for your payment processes.
Each profile contains the configuration for formatting and transmitting authorization messages and settlement files.
Additionally, specifying rules for aggregating settlements into batches, limiting the number or amount of settlements in a batch, notifying payers of settlements, and processing acknowledgements can be easily configured.
Specifying Payment Limits
You can specify a maximum payment amount and/or a maximum number of payments for a payment instruction.
If you specify a maximum payment amount, you must specify an exchange rate type from the Exchange Rate Type drop-down box.
But is not straight explaining on the functionality.
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