Accrual type rates

Use can you Accrual type rates to configure additional accrual rates that aren't available with transaction categories. Configure the following accrual types using the accrual type rate structure.

• Withdrawal interest
• Bill payment interest
• Overdraft interest
• Financial tax

You can configure these accruals so that the Pismo platform applies them either before or after the due date, and you can configure them at either the program or account level.

Configuring accrual types at the program level

Use the Configure program accrual rates endpoint to configure accrual types at the program level. The following code sample shows an example payload for configuring annual rates at the program level.

curl --request POST  
     --url <https://sandbox.pismolabs.io/credit-cycle-configurations/v1/programs/5689/accrual-type-rates>  
     --header 'accept: application/json'  
     --header 'authorization: Bearer eyJhbG...'  
     --header 'content-type: application/json'  
     --data '  
{  
  "accrual_type": "WITHDRAWAL_INTEREST",  
  "period_to_calculate": "UNTIL_DUE_DATE",  
  "validity_to_calculate": "IMMEDIATE",  
  "transaction_category_id": 1237456,  
  "default_rate": 2,  
  "rate_if_overdue": 3  
}

Configuring and managing accrual types at the account level

To configure accrual types at the account level:

1. First configure them at the program level.
2. Use the Configure account accrual rates endpoint to configure the accrual type at the account level, passing an account ID and program transaction category ID as parameters.

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You can't create an account accrual type rate without first creating the corresponding program accrual type rate. Even though you don't pass in the ID of the program accrual type rate when you create an account accrual type rate, the Pismo platform is able to use the transaction_category_id, accrual_type and period_to_calculate fields to determine which of the program rates to override with the account-specific rate.

Use the following endpoints to list and delete account accrual type rates.

• List account accrual type rates
• Delete account accrual type rate