Account Creation (ACC)

LIXI2 Account Creation Standard (ACC)

Purpose

This standard enables electronic messaging between lenders and loan servicing organisations, or lender core banking systems, when creating a new loan account.

Users

The intended users of the standard are:

  • Lenders (banks and non-bank lenders)
  • Third party loan servicing companies
  • Holders of an appropriate licence (MC1, L2-C1, L2-C2, L2-C3, L2-C4)

Content

The message content includes:

  • Information required to create the new account
  • All application information that must be retained after settlement
  • Instruction for the message recipient

Messages

The message types include:

  • Submission of a request for account creation
  • Notifications of the status of the account creation

Documentation

(Members & Licensees Only)
Schema documentation: