FINS BIAN Term Deposit Process API

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Examples of Use

A corporate customer has a frequent need to to put excess liquidity on an interest bearing account for a shorter (e.g. overnight) or a longer period. The customer negotiates a framework agreement with the bank and if and when needed, instructs the bank to move funds from a Corporate Current Account to a Term Deposit account.

Role Definition

A Term Deposit is an agreement between a customer and the bank to place a fixed amount of funds for a fixed amount of time in an interest bearing account. Customers may want to place several amounts in deposit accounts in parallel and over time. In order to avoid renewed negotiations about standard conditions, a customer and the bank may agree on an overal framework agreement for these standard conditions. Under this framework agreement individual Term Deposits can be opened more efficiently. The current Service Domain handles both the individual Term Deposits and the overall framework agreement.

NB In BIAN demand deposits are seen as Savings Accounts.

Related Business Scenarios

EXT HANDLE REQUEST FOR EARLY RENEWAL OF TERM DEPOSIT

EXT HANDLE REQUEST TO OPEN TERM DEPOSIT UNDER TERM DEPOSIT AGREEMENT FOR RETAIL CUSTOMER

HANDLE REQUEST TO OPEN TERM DEPOSIT AGREEMENT

HANDLE REQUEST FOR POWER OF ATTORNEY

EXT HANDLE REQUEST TO CHANGE TERM DEPOSIT ATTACHED CORPORATE CURRENT ACCOUNT

HANDLE REQUEST FOR ISSUANCE OF COMMERCIAL PAPER

EXT HANDLE REQUEST TO CHANGE TERM DEPOSIT AGREEMENT CONDITIONS

HANDLE REQUEST TO OPEN TERM DEPOSIT UNDER TERM DEPOSIT AGREEMENT FOR CORPORATE CUSTOMER

PROCESS MATURITY OF TERM DEPOSIT

HANDLE REQUEST TO CHANGE TERM DEPOSIT AGREEMENT CONDITIONS

HANDLE REQUEST FOR EARLY CLOSING OF TERM DEPOSIT

HANDLE REQUEST TO ESTABLISH TERM DEPOSIT AGREEMENT

EXT HANDLE REQUEST TO OPEN TERM DEPOSIT AGREEMENT FOR RETAIL CUSTOMER

HANDLE REQUEST TO CHANGE TERM DEPOSIT ATTACHED CORPORATE CURRENT ACCOUNT

EXT HANDLE REQUEST TO OPEN TERM DEPOSIT UNDER TERM DEPOSIT AGREEMENT FOR CORPORATE CUSTOMER

HANDLE REQUEST FOR EARLY RENEWAL OF TERM DEPOSIT

ANALYSE PRODUCT PORTFOLIO PERFORMANCE

EXT HANDLE REQUEST FOR EARLY CLOSING OF TERM DEPOSIT

HANDLE REQUEST TO CHANGE TERM DEPOSIT ATTACHED CURRENT ACCOUNT

HANDLE REQUEST TO OPEN TERM DEPOSIT UNDER TERM DEPOSIT AGREEMENT FOR RETAIL CUSTOMER

EXT HANDLE REQUEST TO ESTABLISH TERM DEPOSIT AGREEMENT

Core Business Object

TERM DEPOSIT AGREEMENT

Key Features

  • Open framework agreement
  • Open Term Deposit (under a framework agreement if applicable.
  • Handle maturity of a Term Depsot
  • Calculate and settle interest

Customers can use this integration template to accelerate implementation.


Reviews

TypeREST API
OrganizationMulesoft Inc.
Published by
MuleSoft Solutions
Published onAug 28, 2023
Asset overview

Asset versions for 11.0.x

Asset versions
VersionActions
11.0.0