What does 'business logic' encompass in the Avaloq ICE framework?

In the Avaloq Integrated Customization Environment (ICE) framework, 'business logic' fundamentally refers to the rules and workflows that dictate how data is processed within the system. This encompasses the mechanics of how different operations are carried out, the conditions under which certain actions should be triggered, and the logic that underlies the various transactions and operations performed across processes.

Business logic serves as the core function that ensures the consistent handling of data, reflecting the organization's operational needs and regulatory requirements. It includes validation rules, calculations, processing sequences, and decision-making procedures that guide the system on how to serve its business outcomes.

Other elements mentioned, such as interface design principles and aesthetic design of reports, contribute to user experience but do not directly impact how data is manipulated or governed within the Avaloq ICE framework. Similarly, while data security specifications are critical, they deal more with protecting data integrity and confidentiality rather than the procedural workflows that business logic encompasses.