If you are unfamiliar with this document, do not be vexed. Assumptions are future situations beyond the control of the project,. This document underlies the functional requirements for implementing online banking solution (obs) for global bank ltd (gbl). An frd or functional requirements document serves as a contract for formal statement, between the business stakeholders and the technology team, on an application’s functional requirements. This comprehensive guide will equip you with the knowledge and tools to create a robust and effective frd template.