> ## Documentation Index
> Fetch the complete documentation index at: https://manuals.cobo.com/llms.txt
> Use this file to discover all available pages before exploring further.

# Set up general policy

> Learn the steps to set up general transaction policies in Cobo Portal.

<Note>Transaction policies are an important security measure for your organization. It is recommended to strictly configure these policies to avoid high-risk situations such as having no transaction policies, having transactions that are not covered by a transaction policy, automatically approving all transactions, or allowing the same role to both withdraw and approve transactions.</Note>

General policies apply to all types of transactions.

## Create a general policy

1. Log into [Cobo Portal](https://portal.cobo.com/login).
2. Click **Transaction Policies** in the left sidebar.
3. Click **Create Policy** > **General Policy**.
4. Enter a **Policy Name**. The name should not exceed 50 characters.
5. Select all the wallets under **Applicable Wallets** that are applicable to the policy you are about to create. The following wallet types support token transfer policies:
   * Custodial Wallets
     * Asset Wallets
     * Web3 Wallets
   * MPC Wallets
     * Organization-Controlled Wallets
     * User-Controlled Wallets
   * Smart Contract Wallets
   * Exchange Wallets
6. Under **If**, the condition is fixed: **Any Transaction**. Under **Then**, select the action to be taken when a transaction matches the policy:
   * **Auto Approval**: Automatically approve the transaction without requiring manual review.
   * **Auto Rejection**: Automatically reject the transaction.
   * **Approval Quorum**: Require a specified number of approvals to proceed. Click **+ Select Approvers** to add one or more team members as approvers. You can select by **User Roles** or **Users**. Then, set the approval quorum.
   <img src="https://mintcdn.com/cobo-6/LmEq_4AZoysJjt68/en/images/risk-controls/general_policy_if_then.png?fit=max&auto=format&n=LmEq_4AZoysJjt68&q=85&s=44b3ced2b5c9b413d537046046d2ae37" className="screenshot_full_screen" width="1208" height="640" data-path="en/images/risk-controls/general_policy_if_then.png" />
7. Click **Next**. Review the policy you just configured, then click **Next**.
8. Review the order of your policies. Transactions will be matched with policies in the list based on their priority order.
   * Once a higher-priority policy is triggered, subsequent policies will no longer be triggered.
   * By default, the newly created policy will be placed at the top of the policy list and highlighted. You can change the order by dragging and dropping.
9. Click **Submit** and complete the 2FA verification.