Obtain a list of products that are currently openly offered to the market.
Note that the results returned by this endpoint are expected to be ordered in descending order according to lastUpdated.
Conventions
In the product reference payloads there are a number of recurring conventions that are explained below.
Arrays Of Features
In the product detail payload there are a number of arrays articulating generic features, constraints, prices, etc. The intent of these arrays is as follows:
Each element in an array has the same structure so that clients can reliably interpret the payloads
Each element as a type element that is an enumeration of the specific aspect of a product being described, such as types of fees.
Each element has a field named additionalValue. This is a generic field with contents that will vary based on the type of object being described. The contents of this field for the ADDITIONAL_CARDS feature is the number of cards allowed while the contents of this field for the MAX_LIMIT constraint would be the maximum credit limit allowed for the product.
An element in these arrays of the same type may appear more than once. For instance, a product may offer two separate loyalty programs that the customer can select from. A fixed term mortgage may have different rates for different term lengths.
An element in these arrays may contain an additionalInfo and additionalInfoUri field. The additionalInfo field is used to provide displayable text clarifying the purpose of the element in some way when the product is presented to a customer. The additionalInfoUri provides a link to externally hosted information specifically relevant to that feature of the product.
Depending on the type of data being represented there may be additional specific fields.
URIs To More Information
As the complexities and nuances of a financial product can not easily be fully expressed in a data structure without a high degree of complexity it is necessary to provide additional reference information that a potential customer can access so that they are fully informed of the features and implications of the product. The payloads for product reference therefore contain numerous fields that are provided to allow the product holder to describe the product more fully using a web page hosted on their online channels.
These URIs do not need to all link to different pages. If desired, they can all link to a single hosted page and use different HTML anchors to focus on a specific topic such as eligibility or fees.
Linkage To Accounts
From the moment that a customer applies for a product and an account is created the account and the product that spawned it will diverge. Rates and features of the product may change and a discount may be negotiated for the account.
For this reason, while productCategory is a common field between accounts and products, there is no specific ID that can be used to link an account to a product within the regime.
Similarly, many of the fields and objects in the product payload will appear in the account detail payload but the structures and semantics are not identical as one refers to a product that can potentially be originated and one refers to an account that actually has been instantiated and created along with the associated decisions inherent in that process.
Dates
It is expected that data consumers needing this data will call relatively frequently to ensure the data they have is representative of the current offering from a bank. To minimise the volume and frequency of these calls the ability to set a lastUpdated field with the date and time of the last update to this product is included. A call for a list of products can then be filtered to only return products that have been updated since the last time that data was obtained using the updated-since query parameter.
In addition, the concept of effective date and time has also been included. This allows for a product to be marked for obsolescence, or introduction, from a certain time without the need for an update to show that a product has been changed. The inclusion of these dates also removes the need to represent deleted products in the payload. Products that are no longer offered can be marked not effective for a few weeks before they are then removed from the product set as an option entirely.
Allows for the filtering of products based on whether the current time is within the period of time defined as effective by the effectiveFrom and effectiveTo fields. Valid values are CURRENT, FUTURE and ALL. If absent defaults to CURRENT.
Used to filter results on the productCategory field applicable to accounts. Any one of the valid values for this field can be supplied. If absent then all accounts returned.
Page size to request. Default is 25 (standard pagination).
x-v
header
string
mandatory
Version of the API endpoint requested by the client. Must be set to a positive integer. The endpoint should respond with the highest supported version between x-min-v and x-v. If the value of x-min-v is equal to or higher than the value of x-v then the x-min-v header should be treated as absent. If all versions requested are not supported then the endpoint MUST respond with a 406 Not Acceptable. See HTTP Headers.
x-min-v
header
string
optional
Minimum version of the API endpoint requested by the client. Must be set to a positive integer if provided. The endpoint should respond with the highest supported version between x-min-v and x-v. If all versions requested are not supported then the endpoint MUST respond with a 406 Not Acceptable.
A data holder-specific unique identifier for a Banking product. This identifier must be unique to a product but does not otherwise need to adhere to ID permanence guidelines.
The date and time from which this product is effective (i.e. is available for origination). Used to enable the articulation of products to the regime before they are available for customers to originate.
Indicates whether the product is specifically tailored to a circumstance. In this case fees and prices are significantly negotiated depending on context. While all products are open to a degree of tailoring this flag indicates that tailoring is expected and thus that the provision of specific fees and rates is not applicable.
URI reference to a PNG, JPG or GIF image with proportions defined by ISO 7810 ID-1 and width no greater than 512 pixels. The URI reference may be a link or url-encoded data URI according to [RFC2397].
Description of fees, pricing, discounts, exemptions and bonuses for the product. Mandatory if additionalFeesAndPricingUris includes one or more supporting documents.
An array of additional general overviews for the product or features of the product, if applicable. To be treated as secondary documents to the overviewUri. Only to be used if there is a primary overviewUri.
An array of additional terms and conditions for the product, if applicable. To be treated as secondary documents to the termsUri. Only to be used if there is a primary termsUri.
An array of additional eligibility rules and criteria for the product, if applicable. To be treated as secondary documents to the eligibilityUri. Only to be used if there is a primary eligibilityUri.
An array of additional fees, pricing, discounts, exemptions and bonuses for the product, if applicable. To be treated as secondary documents to the feesAndPricingUri. Only to be used if there is a primary feesAndPricingUri.
An array of additional bundles for the product, if applicable. To be treated as secondary documents to the bundleUri. Only to be used if there is a primary bundleUri.
An array of bundles that this product participates in. Each bundle is described by free form information but also by a list of productID values of the other products that are included in the bundle. It is assumed that the current product is included in the bundle also.
Array of productID values for products included in the bundle that are available via the product endpoints. Note that this array is not intended to represent a comprehensive model of the products included in the bundle and some products available for the bundle may not be available via the product reference endpoints.
Generic field containing additional information relevant to the featureType specified. Whether mandatory or not is dependent on the value of the featureType.
additionalInfo
string
conditional
Display text providing more information on the feature. Mandatory if featureType is set to OTHER.
Generic field containing additional information relevant to the constraintType specified. Whether mandatory or not is dependent on the value of constraintType.
additionalInfo
string
optional
Display text providing more information on the constraint.
The type of eligibility criteria described. For further details, refer to Product Eligibility Types.
additionalValue
string
conditional
Generic field containing additional information relevant to the eligibilityType specified. Whether mandatory or not is dependent on the value of eligibilityType.
additionalInfo
string
conditional
Display text providing more information on the eligibility criteria. Mandatory if the field is set to OTHER.
A fee rate calculated based on a proportion of the balance. One of amount, balanceRate, transactionRate and accruedRate is mandatory unless the feeTypeVARIABLE is supplied.
A fee rate calculated based on a proportion of a transaction. One of amount, balanceRate, transactionRate and accruedRate is mandatory unless the feeTypeVARIABLE is supplied.
A fee rate calculated based on a proportion of the calculated interest accrued on the account. One of amount, balanceRate, transactionRate and accruedRate is mandatory unless the feeTypeVARIABLE is supplied.
The indicative frequency with which the fee is calculated on the account. Only applies if balanceRate or accruedRate is also present. Formatted according to ISO 8601 Durations (excludes recurrence syntax).
A discount rate calculated based on a proportion of the balance. Note that the currency of the fee discount is expected to be the same as the currency of the fee itself. One of amount, balanceRate, transactionRate, accruedRate and feeRate is mandatory. Unless noted in additionalInfo, assumes the application and calculation frequency are the same as the corresponding fee.
A discount rate calculated based on a proportion of a transaction. Note that the currency of the fee discount is expected to be the same as the currency of the fee itself. One of amount, balanceRate, transactionRate, accruedRate and feeRate is mandatory.
A discount rate calculated based on a proportion of the calculated interest accrued on the account. Note that the currency of the fee discount is expected to be the same as the currency of the fee itself. One of amount, balanceRate, transactionRate, accruedRate and feeRate is mandatory. Unless noted in additionalInfo, assumes the application and calculation frequency are the same as the corresponding fee.
A discount rate calculated based on a proportion of the fee to which this discount is attached. Note that the currency of the fee discount is expected to be the same as the currency of the fee itself. One of amount, balanceRate, transactionRate, accruedRate and feeRate is mandatory. Unless noted in additionalInfo, assumes the application and calculation frequency are the same as the corresponding fee.
additionalValue
string
conditional
Generic field containing additional information relevant to the discountType specified. Whether mandatory or not is dependent on the value of discountType.
additionalInfo
string
optional
Display text providing more information on the discount.
The period after which the rate is applied to the balance to calculate the amount due for the period. Calculation of the amount is often daily (as balances may change) but accumulated until the total amount is 'applied' to the account (see applicationFrequency). Formatted according to ISO 8601 Durations (excludes recurrence syntax).
The period after which the calculated amount(s) (see calculationFrequency) are 'applied' (i.e. debited or credited) to the account. Formatted according to ISO 8601 Durations (excludes recurrence syntax).
Generic field containing additional information relevant to the depositRateType specified. Whether mandatory or not is dependent on the value of depositRateType.
additionalInfo
string
optional
Display text providing more information on the rate.
The period after which the rate is applied to the balance to calculate the amount due for the period. Calculation of the amount is often daily (as balances may change) but accumulated until the total amount is 'applied' to the account (see applicationFrequency). Formatted according to ISO 8601 Durations (excludes recurrence syntax).
The period after which the calculated amount(s) (see calculationFrequency) are 'applied' (i.e. debited or credited) to the account. Formatted according to ISO 8601 Durations (excludes recurrence syntax).
Generic field containing additional information relevant to the lendingRateType specified. Whether mandatory or not is dependent on the value of lendingRateType.
additionalInfo
string
optional
Display text providing more information on the rate.
The number of unitOfMeasure units that form the upper bound of the tier or band. For a tier with a discrete value (as opposed to a range of values e.g., 1 month) this must be the same as minimumValue. Where this is the same as the minimumValue value of the next-higher tier the referenced tier should be exclusive of this value. For example a term deposit of 2 months falls into the upper tier of the following tiers: (1 – 2 months, 2 – 3 months). If absent the tier's range has no upper bound.
The method used to calculate the amount to be applied using one or more tiers. A single rate may be applied to the entire balance or each applicable tier rate is applied to the portion of the balance that falls into that tier (referred to as 'bands' or 'steps').
The display name of the account as defined by the bank. This should not incorporate account numbers or PANs. If it does the values should be masked according to the rules of the MaskedAccountString common type.
Flag indicating that the customer associated with the authorisation is an owner of the account. Does not indicate sole ownership, however. If not present then true is assumed.
Value indicating the number of customers that have ownership of the account, according to the data holder's definition of account ownership. Does not indicate that all account owners are eligible consumers.
The unmasked BSB for the account. Is expected to be formatted as digits only with leading zeros included and no punctuation or spaces.
» accountNumber
string
optional
The unmasked account number for the account. Should not be supplied if the account number is a PAN requiring PCI compliance. Is expected to be formatted as digits only with leading zeros included and no punctuation or spaces.
» bundleName
string
optional
Optional field to indicate if this account is part of a bundle that is providing additional benefit to the customer.
true if the feature is already activated and false if the feature is available for activation. Defaults to true if absent. Note: this is an additional field appended to the feature object defined in the Product Reference payload.
Current instructions on action to be taken at maturity. This includes default actions that may be specified in the terms and conditions for the product e.g., roll-over to the same term and frequency of interest payments.
The accountId values of the configured offset accounts attached to this loan. Only offset accounts that can be accessed under the current authorisation should be included. It is expected behaviour that offsetAccountEnabled is set to true but the offsetAccountIds field is absent or empty. This represents a situation where an offset account exists but details can not be accessed under the current authorisation.
Name of the individual or business formatted for inclusion in an address used for physical mail.
addressLine1
string
mandatory
First line of the standard address object.
addressLine2
string
optional
Second line of the standard address object.
addressLine3
string
optional
Third line of the standard address object.
postcode
string
conditional
Mandatory for Australian addresses.
city
string
mandatory
Name of the city or locality.
state
string
mandatory
Free text if the country is not Australia. If country is Australia then must be one of the values defined by the State Type Abbreviation in the PAF file format. NSW, QLD, VIC, NT, WA, SA, TAS, ACT, AAT.
Postal delivery number if the address is a postal delivery type.
postalDeliveryNumberPrefix
string
optional
Postal delivery number prefix related to the postal delivery number.
postalDeliveryNumberSuffix
string
optional
Postal delivery number suffix related to the postal delivery number.
localityName
string
mandatory
Full name of locality.
postcode
string
mandatory
Postcode for the locality.
state
string
mandatory
State in which the address belongs. Valid enumeration defined by Australia Post PAF code file State Type Abbreviation. NSW, QLD, VIC, NT, WA, SA, TAS, ACT, AAT.
The code of the error encountered. Where the error is specific to the respondent, an application-specific error code, expressed as a string value. If the error is application-specific, the URN code that the specific error extends must be provided in the meta object. Otherwise, the value is the error code URN.
title
string
mandatory
A short, human-readable summary of the problem that MUST NOT change from occurrence to occurrence of the problem represented by the error code.
detail
string
mandatory
A human-readable explanation specific to this occurrence of the problem.
meta
object
conditional
Additional data for customised error codes.
» urn
string
conditional
The CDR error code URN which the application-specific error code extends. Mandatory if the error code is an application-specific error rather than a standardised error code.
BankingProductCategory
"BUSINESS_LOANS"
The category to which a product or account belongs. See here for more details.
Identifier of the applicable overlay service. The service is used in conjunction with the serviceVersion. See here for more details.
Enumerated Values
Property
Value
anonymous
X2P1
anonymous
IFTI
anonymous
BSCT
anonymous
CATSCT
BankingProductId
"string"
A data holder-specific unique identifier for a Banking product. This identifier must be unique to a product but does not otherwise need to adhere to ID permanence guidelines.
A data holder-specific unique identifier for a Banking product. This identifier must be unique to a product but does not otherwise need to adhere to ID permanence guidelines.
BankingAccountId
"string"
A unique identifier for a Banking account, generated according to CDR ID Permanence requirements.
A unique identifier for a Banking payee, generated according to CDR ID Permanence requirements.
Product Categories
The productCategory enumeration provides the values for categorising products and accounts. These are explained in the following tables:
Deposit Products
Enum
Description
REGULATED_TRUST_ACCOUNTS
This grouping of products includes accounts where funds are held in trust in regulated industries with complex rules embedded on how the products must operate. Industries that require this sort of product include real estate agents, solicitors and conveyancers.
TERM_DEPOSITS
This grouping of products includes all accounts where cash is deposited in the account for a set time period with restrictions on when funds can be withdrawn. Includes traditional Term Deposits and specialised deposits with either fixed terms or notice periods for withdrawal of funds.
TRANS_AND_SAVINGS_ACCOUNTS
This grouping of products includes all accounts where cash is deposited in the account and is accessible to the customer when they choose. These are given many names on the market including Cash Accounts, Saving Accounts, Transaction Accounts, Current Accounts, Cheque Accounts, Passbook Accounts, etc.
TRAVEL_CARDS
This grouping of products includes prepaid cards with multi-currency capabilities.
Lending Products
Enum
Description
BUSINESS_LOANS
This grouping of products incorporates all types of lending for business purpose that is not a trade finance facility, lease, overdraft, residential mortgage, credit card or margin lending. It includes traditional term loans, bank guarantees and commercial bills. This category would incorporate both secured and unsecured business purpose lending including all business purpose equipment finance that is not covered by a lease.
CRED_AND_CHRG_CARDS
This grouping of products includes all lending products that are issued for the purpose of allowing a flexible line of credit accessed through use of a card. These may be called various names including Credit Cards, Charge Cards and Store Cards.
LEASES
This grouping of products will include all types of leases including Financial Lease, Operating Lease, Sale and leaseback, etc.
MARGIN_LOANS
This grouping of products includes all types of margin loans which let you borrow money to invest in traded assets including shares & commodities or in managed funds.
OVERDRAFTS
This grouping of products includes all types of lending which allows for the loan amount to be withdrawn, repaid, and redrawn again in any manner and any number of times, until the arrangement expires. These loans may be secured or unsecured, and generally don’t have set / minimum repayment requirements.
PERS_LOANS
This grouping of products includes all lending for personal purposes that is not a residential mortgage, credit card or margin lending. These loans may be unsecured loans and term loans for purchase assets used as security such as motor vehicles. These may be called various names including Personal Loans and Car Loans.
RESIDENTIAL_MORTGAGES
This grouping of products includes all lending products that are available for the primary purpose of borrowing for the purpose of purchasing or renovating residential property, where a residential property will be used as security. This group will include both fixed, variable & secured overdraft types of product and may include both owner-occupied and investment purpose borrowing.
TRADE_FINANCE
This grouping of products includes specialised lending products specifically designed to facilitate domestic & international trade. This includes the issuance of letters of credit, factoring, export credit.
Product & Account Components
Product Feature Types
Description of the usage of the featureType field as it applies to products.
Value
Description
Use of additionalValue Field
ADDITIONAL_CARDS
Additional cards can be requested.
The maximum number of additional cards. If no maximum then should be set to null.
BALANCE_TRANSFERS
Balance transfers can be made to the account (e.g., for credit cards).
N/A
BILL_PAYMENT
The product can be attached to an automatic budgeting and bill payment service.
Optional name of the service.
BONUS_REWARDS
Bonus loyalty rewards points are available.
Number of points available.
CARD_ACCESS
A card is available for the product to access funds.
Text describing list of card types that this product can be linked to.
CASHBACK_OFFER
Subject to terms, conditions and eligibility criteria, the product has a cashback offer for opening an account or by spending at a certain retailer.
The amount of the cashback offer (in AUD).
COMPLEMENTARY_PRODUCT_DISCOUNTS
Indicates that complementary, discounted offerings (such as gift cards, or discounted travel) is available.
Description of the complementary offering.
DIGITAL_BANKING
Access is available to online banking features for the product.
N/A
DIGITAL_WALLET
A Digital wallet can be attached to the product.
The name or brand of the wallet.
DONATE_INTEREST
Indicates that interest generated from the product can be automatically donated to a charity or community group.
N/A
EXTRA_REPAYMENTS
Indicates that the product has the option to accept extra repayments without incurring additional charges (for example Buy Now, Pay Later (BNPL) or line of credit products may offer the facility to repay instalments on an adhoc basis).
N/A
FRAUD_PROTECTION
The product includes fraud protection features.
N/A
FREE_TXNS
A set number of free transactions available per month.
The number of free transactions.
FREE_TXNS_ALLOWANCE
A set amount of transaction fee value that is discounted per month.
The amount of transaction fee discounted (in AUD).
GUARANTOR
Subject to terms and conditions, the customer may be able to nominate a guarantor during the origination process.
N/A
INSTALMENT_PLAN
The product has the option to pay for eligible purchases over time with a set number of payments.
N/A
INSURANCE
Insurance is provided as an additional feature of the product.
Text description of the type of insurance (e.g., Travel Insurance).
Discount for depositing a certain amount of money in a period. As the discount applies to a fee the period is the same as for the fee.
The minimum deposit amount in AmountString format.
ELIGIBILITY_ONLY
Discount applies based on customer eligibility (eligibility array must be populated).
N/A
FEE_CAP
The amount, balanceRate, transactionRate, accruedRate or feeRate fields of the discount represent the maximum amount charged in a time period.
The time period for which the fee cap applies. Formatted according to ISO 8601 Durations.
PAYMENTS
Discount for outbound payments from the account under a certain amount of money in a period. As the discount applies to a fee the period is the same as for the fee.
The payment threshold amount in AmountString format.
Product Discount Eligibility Types
Description of the usage of the discountEligibilityType field as it applies to products.
Value
Description
Use of additionalValue Field
BUSINESS
A business or other non-person legal entity.
N/A
EMPLOYMENT_STATUS
An eligibility constraint based on employment status applies.
A description of the status required.
INTRODUCTORY
The discount is only available during an introductory period.
The period of time for the introductory discount. Formatted according to ISO 8601 Durations.
MAX_AGE
Only customers younger than a maximum age receive the discount.
The maximum age in years.
MIN_AGE
Only customers older than a minimum age receive the discount.
The minimum age in years.
MIN_INCOME
The customer must have an income greater than a specified threshold to obtain the discount.
The customer must be a natural person rather than another legal entity.
N/A
OTHER
Another eligibility criteria exists as described in the additionalInfo field (if this option is specified then the additionalInfo field is mandatory).
N/A
PENSION_RECIPIENT
Only a recipient of a government pension may receive the discount.
Optional. Should contain a description of which pensions qualify.
RESIDENCY_STATUS
An eligibility constraint based on residency status applies.
A description of the status required.
STAFF
Only a staff member of the provider may receive the discount.
N/A
STUDENT
Only students may receive the discount.
Optional. Should contain a description of who qualifies as a student, e.g., do apprentices qualify?
Product Deposit Rate Types
Description of the usage of the depositRateType field as it applies to products.
Deposit Base Rate Types
A deposit product is expected to present a single Base rate corresponding to relevant selection criteria including the rate tiers and additionalValue, where applicable.
A floating rate is relatively fixed but still adjusts under specific circumstances.
Details of the float parameters.
MARKET_LINKED
A rate that is linked to a specific market, commodity or asset class.
Details of the market linkage.
VARIABLE
A variable base rate for the product.
N/A
Deposit Adjustment Rate Types
A product may have zero, one, or multiple adjustment rates that are taken to apply to a Base rate.
Value
Description
Use of additionalValue Field
BONUS
A bonus rate available by meeting a specific criteria. A deposit 'bonus' rate value MUST be specified as zero or a positive number in the RateString format. The formula to calculate an Effective rate would be (Base+Bonus).
A description of the criteria to obtain the bonus.
BUNDLE_BONUS
A bonus rate obtained by originating a bundle instead of a standalone product. A deposit 'bonus' rate value MUST be specified as zero or a positive number in the RateString format. The formula to calculate an Effective rate would be (Base+Bonus).
The name of the bundle.
INTRODUCTORY
An introductory bonus that will expire after a set period. A deposit 'bonus' rate value MUST be specified as zero or a positive number in the RateString format. The formula to calculate an Effective rate would be (Base+Bonus).
The period of time for the introductory rate. Formatted according to ISO 8601 Durations.
Product Lending Rate Types
Description of the usage of the lendingRateType field as it applies to products.
Lending Base Rate Types
A lending product is expected to present a single Base rate corresponding to relevant selection criteria including the rate tiers and additionalValue, where applicable.
Card products may have two or more base rates, including CASH_ADVANCE and PURCHASE as they may apply to different transaction types within an account. The PURCHASElendingRateType is considered the rate commonly applicable to a card.
Value
Description
Use of additionalValue Field
CASH_ADVANCE
Specific rate applied to cash advances from the account. This is expected to apply to products in the CRED_AND_CHRG_CARDS category only.
A floating rate is relatively fixed but still adjusts under specific circumstances.
Details of the float parameters.
MARKET_LINKED
A rate that is linked to a specific market, commodity or asset class.
Details of the market linkage.
PURCHASE
Specific rate applied to purchases from the account. This is expected to apply to products in the CRED_AND_CHRG_CARDS category only.
N/A
VARIABLE
A variable base rate for the product.
N/A
Lending Adjustment Rate Types
A product may have zero, one, or multiple adjustment rates that are taken to apply to a Base rate.
Value
Description
Use of additionalValue Field
BUNDLE_DISCOUNT_FIXED
A discount rate off the fixed rate obtained by originating a bundle instead of a standalone product. A lending 'discount' rate value MUST be specified as zero or a positive number in the RateString format. The formula to calculate an Effective rate would be (Base-Discount).
The name of the bundle.
BUNDLE_DISCOUNT_VARIABLE
A discount rate off the variable rate obtained by originating a bundle instead of a standalone product. A lending 'discount' rate value MUST be specified as zero or a positive number in the RateString format. The formula to calculate an Effective rate would be (Base-Discount).
The name of the bundle.
DISCOUNT
A specific discount rate that may be applied. A discount rate reduces the interest payable. A lending 'discount' rate value MUST be specified as zero or a positive number in the RateString format. The formula to calculate an Effective rate would be (Base-Discount).
Description of the discount rate that is applicable.
INTRODUCTORY
An introductory discount that will expire after a set period. A lending 'discount' rate value MUST be specified as zero or a positive number in the RateString format. The formula to calculate an Effective rate would be (Base-Discount).
The period of time for the introductory rate. Formatted according to ISO 8601 Durations.
PENALTY
A specific penalty rate that may be applied. A penalty rate increases the interest payable. A lending 'penalty' rate value MUST be specified as zero or a positive number in the RateString format. The formula to calculate an Effective rate would be (Base+Penalty).
Description of the penalty rate that is applicable.
Banking Term Deposit Account Types
Description of the usage of the maturityInstructions field as it applies to accounts.
Value
Description
Use of additionalValue Field
HOLD_ON_MATURITY
Funds are held in a facility or similar mechanism managed by the data holder for a period of time until the customer provides instructions or the maximum period of the hold has elapsed. Funds may be renewed or withdrawn upon instructions by the customer.
