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Generate Interest Report for accounts under a product - Coggle Diagram
Generate Interest Report for accounts under a product
1
User selects a Product Type
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3
3.1
For Fixed Rate interest term product
3.1.1
Get the applicable balance of the accounts under the chosen product from the
Balances Service
3.1.2
Calculate the accounts' interest using the daily interest rate calculated from the Fixed yearly rate
3.2
For Tiered Per Period interest term product
3.2.1
Get account opening periods of the accounts under the chosen product from the
Accounts & Clients Service
3.2.2
Get the applicable balance of the accounts under the chosen product from the
Balances Service
3.2.3
Calculate the accounts' interest using the daily interest rate calculated from the Period Tier Rate that the accounts' opening period belongs to
Generate the interest report using the calculated interests and the interest report template
3.3
For Tiered Per Balance interest term product
3.3.1
Get the applicable balance of the accounts under the chosen product from the
Balances Service
3.3.2
Calculate the accounts' interest using the daily interest rate calculated from the Balance Tier Rate that the accounts' interest calculation balance belongs to
Get the interest terms of the product from the Products service
User selects a Product