Product Eligibility Types

Eligibility for a product is specified by the BankingProductEligibility property. The eligibility is specified in eligibilityType, with allowed values in an enumeration. See Standards/BankingProductEligibility.

Eligibility conditions listed in the current enumeration are exclusive conditions. The product is not available to applicants who do not meet the conditions. For example, an account with an eligibilityType of BUSINESS and MIN_TURNOVER is available only to applicants that are businesses and have a turnover above the specified minimum.

Eligibility conditions are also additive. Additional conditions add further constraints. For example, an account may have an eligibilityType of RESIDENCY_STATUS and an eligibilityType of PENSION_RECIPIENT. In this case the product is available only to a person with the specified residency status who is also a pension recipient.

Some eligibilityTypes cannot coexist. For example, a product may not have both an eligibilityType of NATURAL_PERSON and an eligibilityType of BUSINESS, as the intersection of these sets is zero.

Consequently a product available to both BUSINESS and NATURAL_PERSON has neither eligibilityType.

If a product does not have a NATURAL_PERSON eligibilityType, it is not constrained to natural persons and is available to legal entities including businesses.

Further, some eligibilityTypes are a specialisation of another eligibilityType. STAFF, STUDENT, and PENSION_RECIPIENT are specialisations of NATURAL_PERSON. In these situations it is good practice to include the generalisation (i.e. NATURAL_PERSON) and the specialisation (e.g. STAFF). No other eligibilityTypes are specialisations.

Lastly, where an eligibilityType of OTHER is provided, additionalInfo is mandatory to describe the Data Holder specific eligibility definition.