Mindestanforderung an das Kreditgeschäft der Kreditinstitute“ (minimum standards for the credit business of banks) – Announcing of the ‚Bundesanstalt für Finanzdienstleitungsauf¬sicht' (BAFin) which contains rules and regulations about the organisation of the credit business, the credit-risk -strategy, the management of credit-risks, the competence-structure, the basic conditions and the value chain. These commandments have to be implemented in an integrated management of the credit-business-chain.
Mutual Acknowledgement or Mutually Assured Common Knowledge is defined as the inherent ability to ensure that a business or transaction dialogue is completed to the confirmed satisfaction of, and notification to, all parties involved in that transaction.