SWIFT ISO 20022 - Message description - Delete Limit (camt.012.001)
Description
Scope
The DeleteLimit message is sent by a member to the transaction administrator.
It is used to request the deletion of one particular, several or all limits set by the member and managed by the transaction administrator.
The DeleteLimit message may delete several types of current limits (risk or liquidity management limit), based on a multiple requests.
Usage
The member will submit a DeleteLimit message identifying which limit(s) it wants to delete (current limit risk/liquidity limit concepts have been merged) based on following criteria:
- type of limit(s) (current/default)
- value of the limit(s) (default and/or current limit(s))
- identification of the counterparty (bilateral limit)
Based on the criteria received within the DeleteLimit message, the transaction administrator will execute or reject the requested modifications.
The transaction administrator may send a Receipt message as a reply to the DeleteLimit request.
To verify the outcome of the request, the member may submit a GetLimit message with the appropriate search criteria.