What does the term 'transaction' signify in Avaloq?

In Avaloq, the term 'transaction' specifically refers to an operation carried out within the system, such as processing a payment. This aligns with the understanding that transactions are actions that involve the transfer of assets, data processing, or the execution of commands that alter the state of the system. These operations are critical as they represent the core activities that can occur within the financial and banking environments that Avaloq supports.

Recognizing this definition helps users and developers understand the nature of the work being done within the system, emphasizing the transactional aspect of financial operations. The execution of these transactions involves certain business rules, validation processes, and logging mechanisms to ensure that they are performed correctly and in compliance with regulatory requirements. Understanding transactions in this context is essential for effective use of Avaloq and for anyone involved in customizing or developing within the Avaloq Integrated Customization Environment.