That's right.
As you already know the client has a foreign exchange need, you contact the Global Markets Specialist to advise them of the new purchase.
Next you discuss the potential limit increase with the Global Markets Specialist should Ann wish to hedge the new exposure.
As a banker you complete the CCL Application to have the required limit assessed by your Risk department.
Once you have an assessment you advise the Global Markets Specialist so they know what the next steps will be.