Active standard | Published: 28/09/2020

ISO 21586:2020

Reference data for financial services — Specification for the description of banking products or services (BPoS)
(Données de référence pour les services financiers — Spécification pour la description de produits ou services bancaires (BPoS))

Available languages: English

Available design: electronic design (pdf), Print design

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Detail information

Designation: ISO 21586:2020

Publication date: 28/09/2020

Pages: 51

Country: International technical standard

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Anotation

Description / Abstract: This document specifies how to describe the characteristics of banking products or services (BPoS) from a customers perspective. Characteristics of a BPoS can be observed from different facets, called key elements, which are divided into three groups: required, optional or voluntary elements. This document elaborates on the purpose, content and description approach for the required and optional key elements. Six levels of conformity are described in this document which are intended to allow a customer to assess the coverage of key elements in a BPoS. The logical and physical formats to express key elements are also defined. This document excludes requirements of a BPoS itself and specific value ranges of any key element are out of the scope. This document guides the provider of BPoS in describing their products or services with the intent to help customers understand or compare specific BPoS. It is not applicable to describing securities or insurance-related products or services. BPoS can be issued by banks and other institutions.

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