BizTerm Definition
Position update
Full Definition

Update options specify how the position should be updated. In automated systems you often have to specify what the system is to do. The following options are often possible: 1. update on-line or not on-line. 2. check limit on-line during update or manual. 3. update by debit, credit or both type of transactions. 4. update by posting amount, book, value or cleared balance. 5. limit on transaction amount or accumulated amount. 6. reset frequency of position amount. 7. time period for reset. See also Position, position administration tables, standard position codes, combined position code, risk management, foreign exchange risk, forex, open currency position, mismatch, interest risk, liquidity risk, forward revaluation, interest revaluation, break even and nostro projection.

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