Creating a recovery reserve
When creating recovery reserve from Cloud API, there is no POST endpoint whose root resource is a recovery reserve. Recovery reserves are created in the context of a recovery reserve set.
To create a recovery reserve, use the following endpoint:
Prior to creating the recovery reserve set, you need the following information:
- Cost type
- Cost category
The recoveryReservesToWrite object
When you create a recovery
reserve set, you must specify the
recoveryReservesToWrite. At a
minimum, it must consist of the following items:
reserveLinespecifies where the money is coming from. To identify this, you must specify:
costCategory(a value from the
costType(a value from the
- The recovery category (a value from the
idof the parent exposure
An array of one or more transaction
lineItems, each of which
transactionAmount, including the amount and currency
currency(a value from the currency typelist)
reserveLine’s currency, such as in the ClaimCenter application. Therefore, the currency must be defined three times in the request payload.
Recovery reserve and composite requests
Within a composite request, you cannot create or modify financial objects. This includes recoveries and recovery reserves. However, within a composite request, you can GET information on financial objects.