Closed loan accounts and mandatory nextInstalmentDate

Question

In the CDS BankingLoanAccountV2 schema, nextInstalmentDate is marked as mandatory.

For closed loan accounts, nextInstalmentDate is not available.

Our implementation intercepts closed loan account responses. Our current, temporary solution is to set the nextInstallmentDate to loanEndDate.

The nextInstalmentDate field should not be mandatory for closed load accounts. When can we expect an update to remediate this?

Answer

Setting nextInstalmentDate to loanEndDate is a reasonable approach to this issue. It is schema compliant and offers a standardised approach for responses.

See:

• CDS BankingLoanAccount