ADR representation of term deposit balance

Question

Some Accredited Data Recipients (ADRs) are displaying available balance rather than current balance, for the principal of the term deposit.

Can you clarify how Open Banking is meant to work in this instance?

Answer

The CDS BankingBalance structure contains availableBalance and currentBalance, so the difference is communicated to the ADR.

The Data Standards Body does not take any position on how the ADRs use the data they receive, although we do provide clarification when they ask for it.  Depending on the experience an ADR is trying to deliver, the use of either available balance or current balance may be appropriate.

If you are concerned about a specific ADR's use of balance information we would recommend communicating the concern you have to them directly.