[ARCHIVE] Optional and Conditional field clarifications

Archived 2023.09.04. See Consumer Data Standards, BankingAccountDetailV3

Question

The specificAccountUType field in the BankingAccountDetail object is specified as optional in the schema. Is it mandatory for a Data Holder to include the field if the account is a Term Deposit, Credit Card or Loan?

Answer

The specificAccountUType field is a discriminator for the schema to identify which one of a series of optional structures is present. As we have included only the termDeposit, creditCard and loan structures for additional inclusion that is all that is included in the specificAccountUType enum list. Hence the UType is optional.

If the type of product being described is one of the three supported and can be expressed in a compliant manner, then the additional data is required. The type is optional so that exceptions are not required, for example in the case of a lending product that has no interest rate.

Question

The following are conditional fields in the BankingAccountDetail object. Are they mandatory if the account is a Term Deposit, Credit Card or Loan? That is, are they conditional on specificAccountUType?

• termDeposit
• creditCard
• loan

Answer

The fields are mandatory, depending on specificAccountUType. See the answer to the first question above.

Question

Thefeatures field in the BankingAccountDetail object is specified as optional in the schema, however, is it essentially mandatory for us to include if the account has features if the equivalent product has those product features in the Product Reference data?

Answer

It is optional from the perspective that not all accounts or products may have features. However, if the account has a set of relevant features as described in the associated PRD product record or negotiated by the customer these must be shown. It is not optional for the DH to exclude showing features if they apply.

Question

The depositRates and lendingRates fields in the BankingAccountDetail object are specified as optional in the schema, however, is it mandatory to include them if the equivalent product has those rates in the Product Reference Data?

Answer

That is correct. These should be the rates applicable to the account which might include negotiated rates (not the publicly offered rates). They are optional because it is dependent on the type of account whether that part of the schema is applicable.