Deposit flow

In this block, you will learn how to open a deposit contract flow. There are two flows available:

• Deposit flow - from application,

• Deposit flow - from offer.

Deposit flow - from application

The first deposit flow starts from a deposit application and includes the following steps:

1. Create deposit application - once the deposit application is created, the Tuum system automatically creates a related deposit offer.

2. Accept deposit offer - once the deposit offer is accepted, the Tuum system automatically creates a related deposit contract. Or decline deposit offer - reject the offer and terminate the flow.

Deposit flow - from offer

You can use this flow if your organisation processes deposit applications outside the Tuum system.

When using the deposit offer flow, you can set or change the interest rate within the deposit product min/max range. On the contrary, the deposit application flow always uses the default interest rate with no option to change it.

This deposit contract flow starts from a deposit offer and includes the following steps:

1. Create deposit offer - to enter the required deposit information into the Tuum system.

2. Accept deposit offer - once the deposit offer is accepted, the Tuum system will automatically create a deposit contract based on the deposit offer. Or decline deposit offer - to reject the deposit offer and terminate the flow.

Below, you will find the following chapters:

Create deposit application

Find deposit application

Create deposit offer

Find deposit offer

Accept deposit offer

Edit deposit offer

Decline deposit offer

Find deposit contract