Interest Accruals
Interest accrual is the accumulation of interest on funds that are deposited into an interest-bearing account over a period. It can occur daily, monthly, quarterly, or annually depending on the account terms. The below service operations are used to retrieve the interest accrued for various time frames.
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Retrieve the accrued interest details of virtual accounts for the current period.
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Retrieve the interest details of virtual accounts for the previous period.
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Retrieve the total interest details of virtual accounts.
Manage Limits and Sublimits
A limit defined for a customer can be updated at the facility level.
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Allows update of credit limit for customer with information such as sanctioned amount, expiry date, review frequency of limit - Deprecated. Use holdings-creditLimits-service-v1.0.0 instead. New url- /holdings/creditLimits/limits/{limitId}/unsecuredLimits(updateUnsecuredLimits) or /holdings/creditLimits/limits/{limitId}/securedLimits(updateSecuredLimits) or /holdings/creditLimits/limits/{limitId}/limitAmounts(updateLimitAmounts)
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User should be able to update the sub limits based on the risk criterion. When restrictions and allocations are regulated based on the risk elements, borrower, currency and product (product, product group, and product line).