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A balance within the Vault system has three key attributes

Vinay Rawal answered on March 10, 2023 Popularity 1/10 Helpfulness 1/10

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  • An Account within the Vault Core Banking System will have at least one balance. Balances are defined by four dimensions:
  • Balances : The Vault Balance Model
  • Three main entities in Vault

  • A balance within the Vault system has three key attributes

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    Total Credits : That is the total value of Credit postings against that particular

    Total Debits : That is the total value of Debit postings against that particular

    Net of the two : this will be different depending on the TSide of the account, that is whether the account is an Asset or Liability on the Bank’s

    Balance sheet. A lending product will typically be an asset because when the customer uses it they owe the bank money, whereas a deposit

    product will be a liability because the bank owes the depositors their deposited money back. 

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    Contributed on Mar 10 2023
    Vinay Rawal
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