Difference between revisions of "Financial Product versus Financial Service"
From Open Risk Manual
Wiki admin (talk | contribs) |
Wiki admin (talk | contribs) |
||
| Line 1: | Line 1: | ||
== Financial Product versus Financial Service == | == Financial Product versus Financial Service == | ||
| − | A [[Financial Product]] is a tangible and discernible item produced by a [[Financial Service]] organization | + | A [[Financial Product]] is a tangible and discernible item produced by a [[Financial Service]] organization. |
| + | |||
| + | Examples of products: | ||
* Financial Contracts | * Financial Contracts | ||
* Information Technology Artefacts (ATM machines, POS, Credit Cards) | * Information Technology Artefacts (ATM machines, POS, Credit Cards) | ||
| − | A [[Financial Service]] is a less | + | A [[Financial Service]] is a less concrete item (service) that is either offered on its own right or as a significant element of a tangible financial product. |
| + | |||
| + | For example: | ||
* Consulting with clients on appropriate financial products for specific purposes | * Consulting with clients on appropriate financial products for specific purposes | ||
* Providing advice on risk management / portfolio management | * Providing advice on risk management / portfolio management | ||
Latest revision as of 19:17, 17 February 2022
Financial Product versus Financial Service
A Financial Product is a tangible and discernible item produced by a Financial Service organization.
Examples of products:
- Financial Contracts
- Information Technology Artefacts (ATM machines, POS, Credit Cards)
A Financial Service is a less concrete item (service) that is either offered on its own right or as a significant element of a tangible financial product.
For example:
- Consulting with clients on appropriate financial products for specific purposes
- Providing advice on risk management / portfolio management
