An Account within the Vault Core Banking System will have at least one balance. Balances are defined by four dimensions:
An Account within the Vault Core Banking System will have at least one balance. Balances are defined by four dimensions:
0
Asset (for example Commercial Bank Money or another Asset
Denomination (for example the currencies SGD, USD or GBP)
Address : An address may be where you track interest, a customer could store sub pots for saving purposes or even where the bank can track
the fees a customer owes on the account
Phase (there are 3 phases for each address, Incoming, Outgoing and Committed
Source: Grepper
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