Glossary
Plain definitions for terms used across core banking.
Term
General ledger
The book of record that holds every double-entry journal.
Term
End-of-day (EOD)
The set of jobs that close a business day.
Term
ISO 20022
A structured messaging standard for payments.
Term
Maker-checker
A control where one person prepares and another approves.
Term
IFRS 9
The standard that governs expected credit loss provisioning.