Rates and charges
How to configure standing rates
Add and maintain an optional standing-rate profile and understand its client-return protection.
Written by Katrin Erb Updated Published A standing rate records the interest a client would otherwise receive and protects the calculated client net return from falling below that benchmark.
Add a standing rate
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Go to Interest Pooling > Interest Pools and open the relevant pool.
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While creating the pool, add the standing-rate profile, or select Add Standing Rate when editing an existing pool.
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Choose whole-balance or partial-balance tiering.
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Select the agreed Day Count Convention.
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Enter each Lower Limit and Interest Rate, then save.
Validation
Flinq compares the proposed standing rate with the effective interest and payout arrangements across the configured balance ranges. It blocks a setup where the standing-rate interest would exceed the planned client net return.
How the floor works
During a payment calculation, Flinq also checks the standing-rate interest for each account and day. If the client net return would be lower, Flinq tops the client return up to the standing-rate amount and reduces the cash management charge. The payment run identifies accounts where the floor was applied.
Change the standing rate
Create a new standing-rate period with the agreed start date. The current tiers are inherited so you can update only what changed. Earlier periods remain available for historical calculations.
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