Standing Order
A standing order is a type of financial instruction that allows an account holder to authorise a fixed amount of funds to be automatically transferred from their account to another account, typically on a regular basis. The transfer can occur weekly, bi-weekly, monthly, or on any other regular interval specified by the account holder.
-
Create standing instructions with payment type, payment frequency, ordering customer or bank information and accounts involved
-
Update standing instructions with payment type, payment frequency, ordering customer or bank information and accounts involved
Delete Standing Order
DELETEDelete or revoke standing instructions for a customer
-
Approve standing instructions that are sent for second or third level approvals
-
Retrieves the list of standing instructions details such as instruction reference, mode of payment, payment frequency, amount, accounts & customers involved
-
Retrieves the list of standing instructions details such as instruction reference, mode of payment, payment frequency, amount, accounts & customers involved
-
Retrieves the list of failed standing instructions details such as accounts involved, payment type & reason of failure
Create Deposits
Deposit accounts allow the customers to create fixed bonds. These bonds are characterized by a fixed interest rate or coupon rate that remains constant throughout the life of the bond.
-
Creates term deposits and the payload should include customer identifier, customer role, deposit currency, deposit amount and the deposit duration term etc.
-
Simulate a deposit arrangement for the given principal amount, term, payment frequency and interest rates