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.
Secondary Loan Trading
Secondary Loan Trading involves the trade of syndicated loans in the secondary loan market. Below are the various service operations involved to create and maintain the various types of trade products.
Create a Trade
POSTCreate a trade for a syndicated loan as initially agreed upon between counterparties.
Accept Trade
POSTConfirm the trade when all the parties involved agreed the terms and conditions of the trade.
Update Trade
POSTUpdate additional details in trade.
Update Consent
POSTUpdate borrower consent for trade
Update Commitment
POSTUpdate the trade due to changes in commitment amount being traded.
Approve Trade
POSTFinalize the trade to verify all necessary details are available.
Show Pricing Letter
POSTIssue pricing letter to the counter party for a final settlement amount.
Calculate a Trade
POSTSettle the trade in bank books.
Cancel Trade
POSTCancel the trade in bank books.
Update Charges
PUTAmend charges already authorized in the trade
Fetch Charges
GETView all the charge details for a given trade.
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View all the trade products