Guidance on additionalValue field for fixed lending or deposit rates

In the Get Account Detail API, when a Data Holder (DH) is sharing a fixed deposit or lending rate, the type is FIXED, and the additionalValue represents the fixed term from the opening of the account. This reduces the need for DHs to calculate on the fly.

For example, for a 5 year fixed mortgage with 3 years left of the fixed term period, the value returned in the additionalValue field, formatted according to  ISO 8601 durations, is P5Y.

The specific end, or maturity, dates for loans or term deposits are captured in other fields in Account Details.

See:

• CDS Get Account Detail
• CDS BankingDepositRate
• CDS BankingProductLendingRateV2
• CDS Product & Account Types, Product Deposit Rate Types & Product Lending Rate Types, FIXED, Use of additionalValue field