Importance of Account Aggregation
- Aggregation is an accurate method of getting all the positions or assets owned by an investor or a firm.
- It offers a convenient way of identifying items in a group.
- Aggregation facilitates a proper analysis, whether Financial Analysis or data analysis.
- In financial planning, the liabilities and net worth of investors can be realized.
What is aggregate value of bank account?
The aggregate banking deposit is a calculation which determines if your money is federally insured from loss or can determine how much of your money is at risk with that financial institution.
What is an example of aggregate?
How do you use aggregate in a sentence?
- The libraries of the city contain an aggregate of some 300,000 volumes.
- There are nine small city parks with an aggregate area of 39.1 acres.
- Specimens may be sent to Europe for expert examination up to an aggregate weight of 2000 tons, on paying the requisite duties.
What is the meaning of aggregate in economics?
Term aggregate Definition: A common modifier for an assortment of economic terms used in the study of macroeconomics that signifies a comprehensive, often national, total value. This modifier most often surfaces in the study of the AS-AD, or "aggregate market", model of the economy with such terms as aggregate demand and aggregate supply.
What is aggregate marks or aggregate percentage means?
The meaning of Aggregate percentage is the percent (or number) that a student scored in a specific subject. whereas the percentage is defined as the percent that you scored in overall subject. for example aggregate percentage is calculated only for particular number of subject, no matter the number of subject would be.
What does aggregate mean in business terms?
Aggregation refers to an act of grouping items or things as a whole. This term can be used in various contexts, disciplines, and industries. Data Analysis - In data analysis, aggregation refers to the compilation of information which is used to create datasets for analysis purposes.
What is an example of aggregate?
An aggregate is a collection of people who happen to be at the same place at the same time but who have no other connection to one another. Example: The people gathered in a restaurant on a particular evening are an example of an aggregate, not a group.
What is an aggregate in finance?
As the term 'aggregation' suggests, financial aggregation means collecting all types of financial information in one place. Account integration or financial data aggregation compiles data from different accounts into a single place.
Why is financial accounting aggregated?
Why is Account Aggregation Important? Aggregation of financial accounts is important for a multitude of reasons. It helps clients manage their finances more easily because it provides a full picture of all their assets and liabilities from their financial accounts.
Does aggregate mean total?
The definition of aggregate is a whole or total amount of something. An example of the adjective aggregate would be to describe the total amount of cars sold by a sales team in one month.
How do you calculate aggregate?
Add together all the numbers in the group. In the example, 45 plus 30 plus 10 equals an aggregate score of 95.
What is a aggregate balance?
Related Definitions Aggregate account balance means the amount in an account on a particular date or the fair market value of an account on a particular date.
What are aggregate assets?
Aggregate Assets means the value of the Sub-Advised Assets and the Other Accounts on the Valuation Date during the applicable calendar month. The values for the Sub-Advised Assets and Other Accounts shall be as reported by the applicable custodian and fund administrator.
What is purpose of aggregation?
Data aggregation is often used to provide statistical analysis for groups of people and to create useful summary data for business analysis. Aggregation is often done on a large scale, through software tools known as data aggregators.
What do aggregated balance sheet totals represent?
The aggregated balance sheet will show the total amount of assets and liabilities held by the group of parent and its subsidiary companies.
What is aggregator in banking?
What Is Account Aggregator Framework? Advertisement. It is a framework for data sharing between financial institutions like banks, pension funds, insurance companies and assets management companies. Under this, account aggregators (AAs) use technology for simple and secure exchange of the data between the institutions.
What are aggregate orders?
aggregated order means an order which comprises two or more buy order(s) and/or sell order(s) for the same listed security placed by different clients, which may be executed as an on-exchange order or an off-exchange order.
What are the 4 main types of aggregates?
Aggregate makes concrete strong and durable when mixed with cement, sand, and water.Types of Aggregates. Different types of aggregates are classified into the following groups: ... A. ... Natural Aggregates. ... Crushed Rock Aggregates. ... Artificial Aggregates. ... Recycled Aggregates. ... B. ... Coarse Aggregates.More items...
What is an example of social aggregate?
A social aggregate is a collection of people who are in the same place at the same time but who otherwise have nothing else in common. A crowd at a sporting event and the audience at a movie or play are examples of social aggregates.
What are the most common types of aggregates?
The most common types of aggregate that are used in landscaping include: crushed stone, gravel, sand, and fill. Varying in material and stone size, each type can have its own purpose when it comes to landscaping projects.
What is an aggregate sentence?
Aggregation- When a person has a sentence to be served either concurrently or consecutively with a prior sentence, aggregation means determining the total length of the combined sentences.
What is Account Aggregation?
Account aggregation is a process in which data from many—or all—of an individual's or household’s financial accounts are collected in one place. It is also referred to as financial data aggregation. For example, an online banking service may provide a home page on which account holders can see information from all of their checking, savings, CDs, and brokerage accounts. Personal finance software, apps, and online services like Quicken or Mint also provide account aggregation services.
What is aggregation data?
It may include data just from that financial institution, or from multiple institiutions where the account holder does business. Some aggregation services also include information on debts, such as credit cards.
Why is aggregation important?
Account aggregation can be a useful financial management and planning tool, providing streamlined account access for account holders. Aggregating accounts can be particularly beneficial for families who have multiple financial goals, such as saving for retirement and college, because the statements give a more complete picture of the family's financial assets.
What is householding account?
In one form of account aggregation, called householding, all of the savings, checking, brokerage, and other accounts belonging to the members of a particular household are linked. Married couples and domestic partners may use a householded acccount to manage their shared finances and work toward their shared financial goals.
Does account aggregation include debt?
Some services may even include debt liabilities in the financial picture . For example, account aggregation platforms or services may include credit card accounts that are issued by the institution where the aggregated accounts are held, or outside accounts that the account holder has authorized to be included.
Can you access balance information in account aggregation?
However, account aggregation software is often allowed only to access balance information and transaction records. And for security reasons, many aggregation services do not permit users to make transactions from within the service.
Is account aggregation within a single financial institution?
Account aggregation usually occurs only within a single financial institution. However, certain assets held outside a financial institution may be included if the account holder has agreed to that.
What is an aggregate in financial planning?
Aggregation. 1. A composite report of all futures positions held by a single trader. Aggregations are used to ensure that reports are accurate and regulations are followed. 2. In corporate financial planning, the combination of several, small investments such that they are treated as one, large investment.
What is aggregate impact value?
Aggregate Impact Value (AIV): It is a relative measure of resistance to crushing of an aggregate when it is subjected to repetitive and impact loads and is calculated using Equation 1.
Why is it necessary to broaden the aggregate sources in Poland?
Due to the high material transportation costs and increasing demand for the quality of pavement aggregate in Poland it is necessary to broaden the aggregate sources by using aggregates from the glacier formation for the construction of road sections in the central and north-east regions of Poland.
What is aggregate account software?
Financial planners use aggregate account software for analyzing a client’s total assets, liabilities, and net worth; income and expenses; and trends in assets, liability, net worth, and transaction values. The advisor also assesses various risks in a client’s portfolio before making investment decisions.
What Is Aggregation?
Aggregation in the futures markets is a process that combines of all futures positions owned or controlled by a single trader or group of traders into one aggregate position. Aggregation in a financial planning sense, however, is a time-saving accounting method that consolidates an individual’s financial data from various institutions.
Why is aggregation important for advisors?
Aggregation is increasingly popular with advisors when servicing clients’ accounts, as they are able to discuss the accounts with the client in a cleaner, more easily understood way before they break down the account into its respective categories.
What is account aggregation technology?
Financial advisors use account-aggregation technology to gather position and transaction information from investors’ retail accounts held at other financial institutions. Aggregators provide investors and their advisors with a centralized view of the investor’s complete financial situation, including daily updates.
Why is account aggregation important?
Account aggregation services solve the issue by providing a convenient method for obtaining current position and transaction information about accounts held at most retail banks or brokerages. Because investors’ privacy is protected, disclosing their personal-access information for each non-managed account is unnecessary.
What is aggregation service?
Many aggregation services offer direct data connections between brokerage firms and financial institutions, rather than using banks’ consumer-facing websites. Clients give financial institutions their consent by providing personal information for the aggregate services.
What are non managed accounts?
Examples include 401 (k) accounts, personal checking or savings accounts, pensions, and credit card accounts.
What is aggregate accounting?
The aggregate accounting method is simply a way for lenders to easily account for escrow payments. Often, lenders must use escrow funds to pay for a variety of housing costs, including property taxes, mortgage insurance and related fees. Rather than creating an escrow account for each one of these fees, the lender approaches collection via ...
What is aggregate escrow?
Lenders using the aggregate method will also conduct analysis of the escrow account periodically, especially when first implementing the method but also annually or quarterly afterward. This analysis will explore property tax changes, insurance fee changes and other developments. The lender will then adjust the estimated annual escrow amount accordingly, which will change the amount the lender asks of the borrower each month.
What is escrow account?
The Aggregate Accounting Method. Escrow accounts are accounts in which money is stored on behalf of one party and used for a particular purpose. In real estate, escrow accounts are used by lenders to hold payments for a variety of costs.
What is aggregation in financial terms?
Generally, aggregation refers to an act of grouping different items into a whole. Common words associated with aggregation are combination, compilation, and gathering. Aggregation is popular among financial advisors, these professionals use this method to a group of the investments of positions help by a single investor in the financial market. Individuals who specialize in aggregation are called aggregators. They are helpful to companies, investors and financial advisors.
What is account aggregation?
Account aggregation is simply the harmonization or consolidation of different financial data belonging to an individual or an institution. Amount aggregation is common in portfolio management, it entails financial managers grouping all assets held by an advisor on behalf of a client. In certain cases, aggregation entails the consolidation of managed and unmanaged accounts belonging to an investor or an organization. While managed amounts are those handled by a financial advisor on behalf of a client, unmanaged accounts are not under the control of an advisor such as retirement plans, employees savings accounts, pension funds and others.
How Does Aggregation Work?
Generally, aggregation refers to an act of grouping different items into a whole. Common words associated with aggregation are combination, compilation, and gathering. Aggregation is popular among financial advisors, these professionals use this method to a group of the investments of positions help by a single investor in the financial market. Individuals who specialize in aggregation are called aggregators. They are helpful to companies, investors and financial advisors.
What is aggregation in futures?
Futures Markets - In futures markets, aggregation refers to the combination of all futures positions held by an individual investor or a group of traders.
What is the term for grouping things?
Aggregation refers to an act of grouping items or things as a whole. This term can be used in various contexts, disciplines, and industries.
What is aggregate cost?
Aggregate cost refers to the total amount of money required to create a product, provide a service or implement a project. Aggregate cost is sometimes also referred to as "total cost" because it encompasses all costs associated with the totality of a project or production.
What is an aggregate percentage?
Aggregate percentage refers to the total percentage obtained after adding up all relevant sums and dividing them by the total amount that could have been achieved. Aggregate percentage is commonly used in school settings to give students a final grade for a class and can be thought of as the mean percentage or average percentage of a student's grades.
How to calculate aggregate income?
To calculate aggregate income, economists add together all of these types of income except for government income and government subsidies. Government subsidies are subtracted from government income, and the total is then added to the rest of the incomes.
Why is aggregate interest important?
Aggregate interest rates are important because many consumers who use credit cards and take out loans are responsible for paying aggregate interest rates. Understanding how aggregate rates work ensures you're prepared if you do take out a line of credit.
What type of income is the government paying out to business owners, workers, corporations, real estate owners and those who earn?
Government subsidies: This type of income is any money the government pays out to business owners, workers, corporations, real estate owners and those who earn income on their investments.
What is aggregate dollar amount?
Aggregate dollar amount means purchase price, including taxes and delivery charges, for the term of the contract and accounting for all allowable extensions and options.
What is aggregate revolving loan outstanding?
Aggregate Revolver Outstandings means, at any date of determination: the sum of (a) the unpaid balance of Revolving Loans, (b) the aggregate amount of Pending Revolving Loans , (c) one hundred percent (100%) of the aggregate undrawn face amount of all outstanding Letters of Credit, and (d) the aggregate amount of any unpaid reimbursement obligations in respect of Letters of Credit.
What is aggregate revolving credit exposure?
Aggregate Revolving Credit Exposure means the aggregate amount of the Lenders’ Revolving Credit Exposures.
What is total outstanding amount?
Total Outstanding Amount means, at any time, the sum of (i) the aggregate outstanding principal amount of the Loans (including both Committed Loans and Competitive Bid Loans) and (ii) the aggregate Letter of Credit Liabilities of all Banks determined at such time after giving effect, if one or more Loans are being made at such time, to any substantially concurrent application of the proceeds thereof to repay one or more other Loans.
What is adjusted outstanding principal amount?
Adjusted Outstanding Dollar Principal Amount means, as of any date of determination, the Outstanding Dollar Principal Amount of the Series [•] Notes on such date of determination, less any funds then on deposit with respect to principal in the Supplemental Issuer Accounts for the benefit of such Series [•] Notes on such date of determination.
What does equivalent mean in currency?
Dollar Equivalent means, at any time, (a) with respect to any amount denominated in Dollars, such amount, and (b) with respect to any amount denominated in any Alternative Currency, the equivalent amount thereof in Dollars as determined by the Administrative Agent or the L/C Issuer, as the case may be, at such time on the basis of the Spot Rate (determined in respect of the most recent Revaluation Date) for the purchase of Dollars with such Alternative Currency.
What is an adequate number?
Adequate number means no less than three (3) sources.o Procurement by sealed bids (formal advertising) method: Aggregate dollar amount is expected to be more than $50,000 for goods or $25,000 for services (State of Montana Procurement Policy).o Procurement by competitive proposals (RFP) method: Aggregate dollar amount is expected to be more $50,000 for goods or $25,000 for services (State of Montana Procurement Policy).
