What does the term 'Orders' refer to in the context of the Handler's responsibilities?

In the context of the Handler's responsibilities within the Avaloq Message Interface (AMI), the term 'Orders' specifically refers to "Transaction Initiations." This designation is important because it highlights the function of the Handler in the framework of transaction processing.

When an order is placed, it signifies the initiation of a transaction that requires subsequent processing. This could include actions such as executing a buy or sell transaction for financial instruments. The Handler is primarily responsible for managing these transaction initiations, ensuring that they are processed correctly and efficiently within the system.

Understanding this concept is crucial as it underlines the role of the Handler in the AMI environment, where it not only serves to generate orders but also facilitates the necessary communications and processes to execute those transactions within the banking or financial institution's operations. Thus, recognizing 'Orders' as Transaction Initiations emphasizes the Handler's key role in the workflow of financial transactions.