Packaged Financial Product

Definition

Packaged Financial Product. A financial product that acts as a container, or wrapper, for one or more financial instruments, including other financial products

Certain properties of the instruments, such as their term, interest rate, eligibility of the client, etc., may be set as a part of the product specification. Some of these are intrinsic but variable properties of the instrument, for example the exact interest rate, whereas others are extrinsic, such as client eligibility. Products have prices, which may build in various fees, that are components of the cost of carry on a trader's books.

See Also

• Nordea Bank

Disclaimer

This entry annotates a FIBO Ontology Class. FIBO is a trademark and the FIBO Ontology is copyright of the EDM Council, released under the MIT Open Source License. There is no guarantee that the content of this page will remain aligned with, or correctly interprets, the concepts covered by the FIBO ontology.