dido:99_annexes:annex-b-terms-and-definitions:l:ledger

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dido:99_annexes:annex-b-terms-and-definitions:l:ledger [2026/07/11 11:14] – removed - external edit (Unknown date) 127.0.0.1dido:99_annexes:annex-b-terms-and-definitions:l:ledger [2026/07/18 12:33] (current) – external edit 127.0.0.1
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 +====== Ledger ======
 +
 +[[dido:99_annexes:annex-b-terms-and-definitions:start|Go up to Terms and Definitions]]
 +
 +===== Discussion =====
 +
 +A Ledger is a record of entries documenting accounts, balances, obligations, transfers, settlements, or other value-related changes.
 +
 +In a [[dido:99_annexes:annex-b-terms-and-definitions:f:financial_system|Financial System]], a Ledger supports accounting, settlement, reconciliation, accountability, and review. A Ledger may appear in centralised, distributed, or replicated forms, depending on the implementation context.
 +
 +The FX Demo [[dido:99_annexes:annex-b-terms-and-definitions:r:reference_architecture|Reference Architecture]] does not require a Ledger as the organizing mechanism for governed work, compensation, settlement, audit, or provenance. Later implementation profiles may use ledger-based artifacts where they satisfy the applicable architectural requirements.
 +
 +===== Definition =====
 +
 +//maintained record of entries that document accounts, balances, obligations, transfers, settlements, or other value-related changes//
 +
 +===== Source =====
 +
 +Generalised from financial accounting, settlement, and ledger concepts; specialized for use in the FX Demo Reference Architecture.
 +
 +===== Note =====
 +
 +A Ledger is not necessarily a blockchain, distributed ledger, database table, journal, payment system, or settlement system. Those artifacts may implement, support, or contain ledger entries.
 +
 +===== Example =====
 +
 +An accounting ledger records settlement entries reflecting compensation owed for work performed under a governing contract by a Qualified Service Provider.