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master contract (FS-MCM-MC)

Master Contract (FS-MCM-MC)

A hierarchy of one level for contracts from the Contract Relationship contract element.

Master contracts and accounts can participate in a master contract. Postings are only possible on the participant accounts, not the master contracts.

The master contract represents the contractual relationships between the bank as a contract-managing organizational unit and a business partner with accounts. The master contract can have attributes and rules.

Examples of Use:

See also

Master Contract Hierarchy.

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