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.
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Retrieves the interest details of an account such as interest rate , interest type and interest amount
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Retrieve the past period's interest accruals
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Retrieves the interest accrued for the current period of an account
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Retrieves the interest accruals of the previous year
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.