Dear community,
We are pleased to announce the release of a new APIs in the SERVICE channel. Service APIs allow you to consume services directly from the platform. You can test this API using the finastra-dev tenant, please go to the documentation section for more details. This is a Service API provided by Finastra.
Corporate Lending Alternative Reference Rates
Set of Alternative Reference Rates (ARR) Calculator APIs enabling calculation of key backward-looking, compounded ARR rates and corresponding accrued interest amounts, for a given period or for a predefined set of tenors, based on the published ARR rates or Compounded ARR Index.
This new API contains 6 endpoints:
- GET /daily-compounding/rates: Calculates the average compounded rate for the given input criteria
- POST /daily-compounding/interest: Calculates the average compounded rate, cumulative interest etc. on the input criteria
- GET /compounded-in-arrears/average-rate: Calculates the average compounded rate for the given input criteria
- POST /compounded-in-arrears/interest: Calculates the average compounded rate, cumulative interest etc. on the input criteria
- GET /compounded-in-arrears/arr-index/average-rate: Calculates the average compounded rate from the index rate
- GET /compounded-in-arrears/tenors/average-rates: Calculates the average compounded rate from the tenors
More info here.
