Renegotitaion
This service helps you to modify the terms and conditions of the account. You can enable a variety of account maintenance activities, both financial and non-financial. Some of the key maintenance activities are maintenance of account titles, restrictions on account, credit and debit interest information and revisions of settlement account.
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Perform the renegotiation of the account contract details such as payment frequency, payment start date, interest rate, statement frequency and settlement details, etc.
Change Exchange Rate
You can update the exchange rate when there is a cross-currency involved and by considering facilities and drawings in different currencies.
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Given the scenario, when there is a cross currency involved considering facility and drawings in different currencies, exchange rate is applicable and the same is updated using the exchange rate functionality. Exchange rate property class is to define the Exchange Rate (FX), rate tolerance and prior days, advance FX fix activity, and so on to support the advance FX fixing requirement. Drawings created other than the facility currency, the exchange rate defined under the exchange rate property should be applied. User should be able to retrieve the exchange rate details updated with this API.