Manage Interest
Banks can pay an interest to the customers on credit balances held in their accounts. Credit interest or debit interest can be changed in the account at any time during the entire life cycle of the account.
Update Interest
PUTUpdate the interest conditions of the account such as interest rate, tier details, margin amount etc.
-
Retrieves the interest details of an account such as interest rate , interest type and interest amount
-
Retrieve the past period's interest accruals
-
Retrieves the interest accrued for the current period of an account
-
Retrieves the interest accruals of the previous year
Account Sweep
Account Sweeps are a movement of funds from one virtual account to another targeting to maintain the defined minimum or maximum amount of account balances. With this functionality, you can set up balance sweeps among virtual accounts that are part of the same structure and currency. You can also perform sweeps among accounts in a cash pool group.
Define Sweep Type
POSTCreates sweep type for virtual accounts.
Amend Sweep
PUTAmend existing sweep setup for example the sequence , minimum and maximum amount
-
Creates the basic details of a group for a sweep. A group is a collection of accounts that are linked for cash pooling purposes
Create a Sweep
POSTCreates sweep with rules which will be checked against to see if a transfer of funds needs to be made from one account to another.
-
Amends the basic details of a group for a sweep. A group is a collection of accounts that are linked for cash pooling purposes.
-
Creates intra-day sweep for virtual accounts. This is used to run the cash pooling on-line if the group permits.