This section provides a glossary of all terms and abbreviations used in the user manual.
Accounts
Continuing financial relationship between a bank and a customer, in which deposits and debts are held and processed within a framework of established rules and procedures.
MCA
Multiple Currency Account
Virtual Account
Virtual accounts are provided to a corporate by its banking partner. Each account is a subsidiary or sub-account of the client’s own physical account with the bank; they cannot exist outside of the immediate relationship, hence they are virtual.