---
title: "Exchange"
url: "https://developers.zinnia.com/apis/illustration-3-0-8/versions/b96a49c1-73c5-46d3-8968-fe603081d524/schemas/Exchange"
---

> Full API specification: https://developers.zinnia.com/apis/illustration-3-0-8/versions/b96a49c1-73c5-46d3-8968-fe603081d524.md

# Exchange

1035 Exchange - exchanging another policy for this one

## OpenAPI definition

```yaml
openapi: 3.0.1
info:
  title: Illustration Generation
  version: 3.5.3
servers:
  - url: https://dev.api.zinnia.io
    description: Development
components:
  schemas:
    Exchange:
      title: Exchange
      description: 1035 Exchange - exchanging another policy for this one
      type: object
      required:
        - amount
        - basis
        - isModifiedEndowmentContract
      properties:
        amount:
          type: number
          format: double
          description: The value of the exchanged policy
          example: 5000
        basis:
          type: number
          format: double
          description: How much can be exchanged without incurring additional taxes
          example: 5000
        isModifiedEndowmentContract:
          type: boolean
          description: Whether the policy being exchanged for this one is a MEC
          example: true
        carryoverLoan:
          type: number
          format: double
          description: How much loan is being carried in as part of this exchange
          example: 5000
```