The document outlines the functional and non-functional requirements for designing a website. Functional requirements include following business rules, allowing transactions and corrections, having an external interface for users, complying with legal and regulatory standards, and providing authorization levels for users. Non-functional requirements include performance parameters like response time and throughput, recoverability so the system can recover from crashes, security measures to protect data, maintainability so the system can be maintained, and environmental compliance. The system should also have interoperability to work across different operating systems.