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 document is a functional requirements document (frd) template that outlines the sections and content needed for documenting software requirements. The frd is produced by business analysts or sometimes the technical team in response to the business. According to the internet, a functional requirements document, abbreviated as frd, is a formal statement of an.