A usual customer finance is an on-balance financial instrument with annuity repayment and a fixed interest rate.

The schema for creating a new customer finance object consists of several properties, under which additional properties are grouped as items. The master property ("CustomerFinanceLoan") has to be filled for all deals. It contains the fundamental information of the new product just as address of the customer, planned duration, deal conclusion date and so on. In addition, relevant secondary properties are available, such as for capital disbursement and repayment, interest agreement, transaction cost, actual payment, deal events and other information. It can have none or multiple entries in a secondary property uploaded formatted as a list.

As example, for annuity repayment and interest rate agreement at least one entry of properties “RegularRepaymentsContractual” and “InterestTranches” is expected. Together with the mandatory master data, the raw deal data is complete for an ideal course of an usual customer finance product (cf. example values for sample deal "001-FK_LN-A-Consumer-Annuity").

Other secondary properties are available to cover further deal characteristics of a customer finance, outside the ideal course. For example, information about payment holidays can be uploaded via “DeferralsAndSuspensions“.

In case where customer may not pay in schedule, “PaymentEvents” can reflect this behaviour. This information could have additional use as historical data for PD and LGD in impairment calculation for periodic recalibration. In the case of delivery, ALL amounts actually paid are to be delivered as part of “PaymentEvents”, formatted as a list. This information is also used and compared against all other data delivered in order to determine overdue amounts.