Party that is a member, and granted full access to the functions of the system transaction administrator. A direct member owns an account with the system transaction administrator and is entitled to input transactions on its own behalf and on behalf of sponsored indirect members or customers. It is ultimately responsible for any financial liability due to its membership level. All business processes performed by the system transaction administrator are made under the financial responsibility of the direct members.
Data from ISO specification
This is the technical data from the specification document.
<businessRole
xmi:id="_PToAMtp-Ed-ak6NoX_4Aeg_-1083725104"
name="SystemDirectMember"
definition="Party that is a member, and granted full access to the functions of the system transaction administrator. A direct member owns an account with the system transaction administrator and is entitled to input transactions on its own behalf and on behalf of sponsored indirect members or customers.
It is ultimately responsible for any financial liability due to its membership level. All business processes performed by the system transaction administrator are made under the financial responsibility of the direct members."
registrationStatus="Registered"
xmlns:xmi="http://www.omg.org/XMI" />