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
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.