Funds Processing Account
Definition
Funds Processing Account. An account used specifically in the processing of funds. Like all accounts this is (per FIBIM definition) a business relationship between two entities; one entity is the account owner, the other entity is the account servicer. Please refer to Financial global model for treatment of accounts relationships in this model.
Derived from FIBIM definition for "Account", which is: "Business relationship between two entities; one entity is the account owner, the other entity is the account servicer." this corresponds to the Global Terms definition for Account.
Disclaimer
This entry annotates a FIBO Ontology Class. FIBO is a trademark and the FIBO Ontology is copyright of the EDM Council, released under the MIT Open Source License. There is no guarantee that the content of this page will remain aligned with, or correctly interprets, the concepts covered by the FIBO ontology.
| IsDefinedBy URI of an entity that is defined via an imported vocabulary. | https://spec.edmcouncil.org/fibo/ontology/CIV/Funds/CIV/index-en.html + |
