Manage policies

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You must create a policy for an asset before an outgoing transaction can be made with that asset.

Create a policy

1. In your wallet, locate the ‘Policies’ tab and click ‘Add Policy’
2. Select which digital asset you want the policy to govern
   • Only assets you currently hold in your wallet will be displayed as options. If you wish to create a policy in relation to an asset not held in your wallet, select ‘switch to non-standard asset’ and you will be prompted to enter the ‘contract’ and ‘symbol’ for your desired asset
3. Select the policy type
   The Palisade policy engine currently supports three type of policy:
   • Max total value
     A 'max total value' policy will limit the total amount of an asset that can ever be withdrawn
   • Rolling duration
     A 'rolling duration' policy will limit the amount of an asset that can be withdrawn within a certain timeframe. Timeframes can be set based on a number of preset options or customised
   • Per transaction
     A 'per transaction' policy sets the maximum amount of an asset that can be withdrawn on any single transaction
4. Set your ‘value limit’
   This is the total maximum value that can be transacted on this wallet
5. Select a counterparty or address
   You may choose to send assets to:
   • All counterparties (including all their addresses) and all wallets
   • Selected counterparties and all their addresses
   • Selected addresses from your address book
   • Selected wallets from your organisation
6. Optional: add an ‘initiator’
   You can limit transactions to a single user or set of API credentials
7. Optional: add a ‘sign for address’
8. Optional: select a transaction type
9. Once all relevant sections of the form have been completed, click ‘Add Policy’.

❗️

Adding a policy will immediately affect all outgoing transactions. Any transaction exceeding the value in the policy will be stopped.

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It's possible to create multiple policies for the same digital asset in Palisade.

When you initiate a transaction, the system automatically finds the policy that matches your transaction details.

Don't worry about having similar policies. Only one exact match is needed for the transaction to pass policy checks.

Edit a policy

1. Create a new policy for the same asset
2. Set the same conditions with different values
3. On creation, this will override the previous policy

Delete a policy

Policies can be deleted from the ‘actions’ bar in your table of policies.

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API docs

See our Policies API docs for information on how to use policies via the API.