Page Comparison

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This endpoint can contain multiple brands owned by a particular banking group. Each brand can own multiple PCA products.

PCA

This section covers PCA attributes that will change only under rare circumstances (see Core Product section below for additional attributes that will be updated regularly). In this section the following information can be provided:-

• Product Name i.e. the name marketed to the consumers.
• Identification is the unique id created by the financial institution to internally define the product
• Segment - allows specification of the type of product e.g. basic, regular, premium

MarketingState

Within our design, we have a concept of a "marketing state" for the product. This concept is required because for any "On Sale" PCA product:-

1. The PCA may provide a different offering to the account holder the longer that they hold a particular PCA
2. The bank can change any of the PCA attributes over time. 

We'll illustrate this with a complex example. 

CMA9Bank has a PCA product that was first advertised on 1/1/2017 and has the following features currently:-

1. If the accountholder takes the product, they are offered a promotional interest rate of 5% for 1st 9 months, then 2% for next 12 months and then it reverts back to the standard variable rate (currently 0%).
   
   

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This sections includes information that can change relatively often. Information to be provided includes:-

• Product URL allows a link to the financial institution's website where more detail about the product can be found
• URL to the product's terms & conditions
• Sales Access Channels cover all of the channels by which a customer can be sold a BCA 
• Servicing Access Channels cover all of the channels by which a customer can receive service for their BCA. Note: This covers servicing of all aspects of the BCA. Some aspects may not be serviceable via certain channels
• MonthlyMaximumCharge (MMC) is a measure of the maximum amount that a consumer may be charged per month, when they exceed their agreed credit limit. There is currently strict definition of which charges fall in to this category, with grey areas such as "EmergencyBorrowing" potentially being in scope. The CMA9 have to calculate an MMC for each PCA product by August 2017, and provide the details as to how they calculated these.

Credit Interest

In this section, information about the interest rates that are payable to the consumer are listed. Interest rates are typically standard variable rates, with rates potentially changing many times during the course of the products. In addition to the 'Regular' standard variable rates, some PCA products also provide for more attractive 'Promotion' interest rates which are fixed for a relatively short duration. 

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