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LeoGlossary: Subaccounts
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Subsets of a financial institution's Master Account in which information on financial services can be segregated. Subaccounts have no opening or closing balances, but do contain totals of debits and credits that are settled in the institution's Master Account.
Subaccounts can be used to identify information that is reported directly on the Master Account.
This is done though Secondary Routing Transit Numbers (RTNs).
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