On the Partner Details screen, Risk Management/Exposure Limit Monitors- you can specify an Effective Begin Date (MM/dd) and an Effective End Date (MM/dd) but you cannot specify the year. In principle, the idea of having the ability to have monitors begin and end ever year on a certain month/day makes sense. The example given was if a customer needed to have higher limits over the holidays every year.
However, many customers may have the need to make a one-time payment higher than the daily limit (making a rent payment), or need a different limit for only a specific period of time. By specifying a MM/dd only, it falls upon the customer care agent to ensure he/she deletes the monitor at some point. Otherwise, the same limit will go into effect the following year for the specified time frame. This could lead to potential client dissatisfaction.
By allowing for a year to be specified, we can eliminate the possibility of an unwanted risk monitor going into effect inadvertently every year. A potential solution would be to ask if it is recurring.
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