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| ====== Ledger ====== | ====== Ledger ====== |
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| [[private:99_annexes:annex-b-terms-and-definitions:start|Go up to Terms and Definitions]] | [[public:99_annexes:annex-b-terms-and-definitions:start|Go up to Terms and Definitions]] |
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| ===== Discussion ===== | ===== Discussion ===== |
| A Ledger is a record of entries documenting accounts, balances, obligations, transfers, settlements, or other value-related changes. | A Ledger is a record of entries documenting accounts, balances, obligations, transfers, settlements, or other value-related changes. |
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| In a [[private: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. | In a [[public: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. |
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| The FX Demo [[private: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. | The FX Demo [[public: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. |
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| ===== Definition ===== | ===== Definition ===== |