Transaction [Dido Solutions, Inc Wiki]

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====== Transaction ======

[[dido:99_annexes:annex-b-terms-and-definitions:start|Go up to Terms and Definitions]]

===== Discussion =====

A Transaction represents a recordable business event or proposed business event involving one or more parties, obligations, rights, values, assets, instruments, services, or settlement expectations.

In a financial system, a Transaction provides the business context for validation, interpretation, state management, settlement, audit, provenance, evidence, and review. A Transaction may describe an agreed financial event, a proposed financial event, an instruction, an order, a transfer, a contract event, or another governed business interaction, depending on the applicable domain profile.

The Financial Systems Archetype treats a Transaction as a conceptual business item, not as a message, file, database record, API payload, or runtime event. Later, logical and implementation profiles define the information structures, endpoints, services, and artifacts that represent or process transactions.

===== Definition =====

//recordable business event or proposed business event involving parties, obligations, rights, values, assets, instruments, services, or settlement expectations//

===== Source =====

Generalised from financial-system transaction concepts used by the [[dido:99_annexes:annex-b-terms-and-definitions:f:financial_system|Financial System]] and [[dido:99_annexes:annex-b-terms-and-definitions:f:foreign_exchange_domain|Foreign Exchange Domain]] material in the FX Demo [[dido:99_annexes:annex-b-terms-and-definitions:r:reference_architecture|Reference Architecture]].

===== Note =====

A Transaction is not a message, file, [[fxdemo:dido_99_annexes:annex-b-terms-and-definitions:t:an_application_programming_interface_api_provides_an_implementation_interface_through_which_software_components_systems_services_applications_tools_or_users_request_provide_exchange_or_control_information_or_behaviour]] payload, database row, DDS sample, event stream record, or deployment artifact. Those artifacts may represent, carry, store, or process transaction information.

===== Example =====

An FX forward transaction records an agreement between counterparties to exchange specified currencies at a specified rate on a specified settlement date.