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Make premature termination

Use case

Use case data

API parameters with values

...contracts/ID-1696407222/...

.../versions/ID-1696407267/...

The deposit contract is terminated without any of the interest it has accrued during the term period.

Sample API call

To terminate an active contract prematurely, make the following API call.

Sample request

Below is an example request body of the API call for changing deposit contract payout details.

{
  "terminationType": "WITHOUT_INTEREST",
  "comment": "Closing contract"
}

curl --location 'https://deposit-api.sandbox.tuumplatform.com/api/v1/contracts/ID-1696407222/versions/ID-1696407267/prepare-for-termination' \
--header 'x-channel-code: SYSTEM' \
--header 'x-auth-token: eyJ0eXAiOiJKV1QiLCJhbGciOiJIUzI1NiJ9.eyJleHBpcnlEVGltZSI6IjIwMjQtMDMtMTVUMTg6MzM6MzYiLCJyb2xlcyI6WyJBRE1JTiJdLCJuYW1lIjoiSm9obiBPZmZpY2VyIiwiZW1wbG95ZWVJZCI6IjEiLCJ0ZW5hbnRDb2RlIjoiTUIuRVUiLCJleHAiOjE3MTA1Mjc2MTZ9.v5803cMEIrcXdTAnbWPEzODtlb0_YKspKRosMtjNyRg' \
--header 'Content-Type: application/json' \
--data '{
  "terminationType": "WITHOUT_INTEREST",
  "comment": "Closing contract"
}'

Sample response

Below you will find an example response body to the API call above

Response

{
    "errors": null,
    "validationErrors": null,
    "data": {
        "headerId": "ID-1696407222",
        "personId": "ID-2660",
        "accountId": "ID-1012",
        "applicationId": null,
        "offerId": "ID-1718024051",
        "depositGroupCode": "TIME_DEPOSIT",
        "depositTypeCode": "PREMIUM",
        "contractNumber": "PR-EE-1000",
        "countryCode": "EE",
        "channelCode": "BACKOFFICE",
        "tenantCode": "MB",
        "depositClassCode": "PREMIUM_CUSTOMER",
        "headerActivationDate": "2026-04-04",
        "headerClosingDate": null,
        "activeVersion": {
            "versionId": "ID-1696407267",
            "headerId": "ID-1696407222",
            "versionNumber": 1,
            "statusCode": "TERMINATING",
            "preparationDate": "2026-04-04",
            "signingDate": null,
            "activationDate": "2026-04-04",
            "endDate": "2026-07-04",
            "closingDate": null,
            "period": 3,
            "periodTypeCode": "MONTH",
            "interestRate": 0.25,
            "interestPaymentFrequencyCode": "MONTH",
            "prolongCode": "PRINCIPAL",
            "countryCode": "EE",
            "cancelReasonCode": null,
            "lastCreditReceiveDate": "2026-04-06",
            "lastSigningDate": null,
            "changeTypeCode": "NEW_CONTRACT",
            "components": [
                {
                    "componentId": "ID-1718024140",
                    "versionId": "ID-1718024026",
                    "componentTypeCode": "PRI",
                    "initialMoney": {
                        "amount": 5000.00,
                        "currencyCode": "EUR"
                    },
                    "balanceMoney": {
                        "amount": 4995.00,
                        "currencyCode": "EUR"
                    },
                    "calculationMethod": null,
                    "rateBaseCode": null,
                    "rate": null,
                    "accruedUntil": null,
                    "paymentDay": 4,
                    "paymentInterval": 1,
                    "baseInvalidFromDate": null
                },
                {
                    "componentId": "ID-1718024141",
                    "versionId": "ID-1718024026",
                    "componentTypeCode": "INT",
                    "initialMoney": {
                        "amount": 0.00,
                        "currencyCode": "EUR"
                    },
                    "balanceMoney": {
                        "amount": 0.00,
                        "currencyCode": "EUR"
                    },
                    "calculationMethod": {
                        "daysInMonth": "30",
                        "daysInYear": 360
                    },
                    "rateBaseCode": null,
                    "rate": 0.25,
                    "accruedUntil": "2026-06-04",
                    "paymentDay": 4,
                    "paymentInterval": 1,
                    "baseInvalidFromDate": "2026-06-04"
                }
            ],
            "totalInterestMoney": {
                "amount": 3.13,
                "currencyCode": "EUR"
            },
            "totalInterestAccruedMoney": {
                "amount": 0.25,
                "currencyCode": "EUR"
            },
            "channelCode": "BACKOFFICE",
            "tenantCode": "MB",
            "terminationType": "WITHOUT_INTEREST",
            "nextPayoutDate": "2026-07-04",
            "payoutDetails": {
                "name": "Test Account",
                "accountNumber": {
                    "value": "EE111236525217358748",
                    "type": "IBAN"
                },
                "financialInstitutionId": null,
                "referenceNumber": null,
                "countryCode": null
            }
        },
        "personTypeCode": "P",
        "taxResidencyCountryCode": "EE",
        "taxExempt": false,
        "rateBaseCode": null
    }
}

Result

As a result, the deposit contract is set to the TERMINATING status.

Once the Tuum system completes the internal verification process, the contract will automatically be set to the TERMINATED status. The payout of the principal, or principal with interest, will be made to the servicing or payout account.