An Account within the Vault Core Banking System will have at least one balance. Balances are

defined by four dimensions:

Asset (for example Commercial Bank Money or another Asset

Denomination (for example the currencies SGD, USD or GBP)

Address : An address may be where you track interest, a customer could store sub pots for saving purposes or even where the bank can track

the fees a customer owes on the account

Phase (there are 3 phases for each address, Incoming, Outgoing and Committed

Vault maintains a running total of the effect of Postings as a Balance, as a separate resource linked to an account. A balance within the Vault system has three key attributes

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.