Page Comparison

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

BCA

This section covers BCA attributes that will change only under rare circumstances (see CoreProduct section for additional attributes that will be updated regularly). 

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" BCA product:-

1. The BCA may provide a different offering to the account holder the longer that they hold a particular BCA - covered by StateTenureLength & StateTenurePeriod in the example below.
2. The financial institution can change any of the BCA attributes that are marketed over time - covered by FirstMarketedDate and LastMarketedDate in the example below.

We'll illustrate this with a complex example. 

CMA9Bank has a BCA 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 0.5% for 1st 9 months, then 0.2% for next 12 months and then it reverts back to the standard variable rate (e.g. 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.
• MonthlyCharge covers any monthly servicing charge that a financial institution may make to a BCA accountholder

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 BCA products also provide for more attractive 'Promotion' interest rates which are fixed for a relatively short duration. (see MarketingState section above as to how to represent these). 

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