FDM.1:1 - Problem frame

Financial systems hold statements about parties and their positions. The word “claim” can refer either to an assertion in a report or to a creditor’s right to receive something. Those meanings have different consequences. A report can assert that a lender has a right; the assertion and that right remain distinguishable.

Similarly, a loan agreement, a funded loan position, an account entry and the proceeds available to the borrower are connected without being the same subject. The receiving use determines which of these must be established.