Normally you create master data once, and this then serves as point of reference for transaction data. However, if necessary, it is possible to make changes. Master data forms the data basis to enable you to work with the system.

You must first have created master data before you create transaction data for this master data.

The current account system uses the Financial Services Business Partner.

The following components belong to the master data of current accounts:

This data contains all details on business partners with whom a bank or the In-House Cash Center is affiliated. Business partners can be customers, other banks or In-House Cash Centers, but also internal organizational units that, for example, assume the role of account manager.

The master data of the limits is needed to restrict the amount-based drawing on an account and therefore affects account management.

Products can be configured, step by step, much along the lines of a 'building block' principle. An account is characterized by the attributes of the freely definable product assigned to it. Contained in the product are the possible conditions, relevant transaction types and functions, and also the media with which the customer has access to the account.

You create accounts as characteristic of a product. In the master data of an account you find all the important information on account management and on the administration data.