Add interest base rate type - periodic
Use case
With the example of the EURIBOR 1 month we will show how to add an interest base rate type with periodic rate application rule to the Tuum system.
Use case data
API parameters with values
We will add the EURIBOR 1 month base rate.
The base rate is applied to the existing loan offers and contracts periodically.
The 4eye confirmation for the the rate fixings is not required.
Sample API call
To add new base rate types, use the following endpoint:
Sample request
Below is an example request body of the API call for adding a new base rate types.
{
"rateBaseCode": "EURIBOR 1 month",
"maturityTypeCode": "M",
"maturityLength": 1,
"currencyCode": "EUR",
"referenceRateTypeCode": "EURIBOR",
"rateApplicationRule": "PERIODIC",
"fourEyeRequired": false
}
curl --location 'https://currency-api.sandbox.tuumplatform.com/api/v1/base-rates/types' \
--header 'x-auth-token: eyJ0eXAiOiJKV1QiLCJhbGciOiJIUzI1NiJ9.eyJleHBpcnlEVGltZSI6IjIwMjMtMDktMjVUMTQ6MTc6MjkiLCJyb2xlcyI6WyJBRE1JTiJdLCJuYW1lIjoiSm9obiBPZmZpY2VyIiwiZW1wbG95ZWVJZCI6IjEiLCJ0ZW5hbnRDb2RlIjoiTUIiLCJleHAiOjE2OTU2NTE0NDl9.Zo39uMKkrlxqsjRTwhEGwz2NukSnBigNTztbtYYPb3k' \
--header 'x-channel-code: SYSTEM' \
--header 'Content-Type: application/json' \
--data '{
"rateBaseCode": "EURIBOR 1 month",
"maturityTypeCode": "M",
"maturityLength": 1,
"currencyCode": "EUR",
"referenceRateTypeCode": "EURIBOR",
"rateApplicationRule": "PERIODIC",
"fourEyeRequired": false
}'
Sample response
Below you find an example response body to the API call above.
Response
{
"errors": null,
"validationErrors": null,
"data": {
"rateBaseCode": "EURIBOR 1 month",
"maturityTypeCode": "M",
"maturityLength": 1,
"currencyCode": "EUR",
"referenceRateTypeCode": "EURIBOR",
"rateApplicationRule": "PERIODIC",
"fourEyeRequired": false
}
}
Result
As a result, the EURIBOR 1 month rate with a periodic application rule is added to the Tuum system.
