This document specifies how to describe the characteristics of banking products or services (BPoS) from a customer's 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.
Status: PublishedPublication date: 2020-09
Edition: 1Number of pages: 51
Technical Committee: ISO/TC 68/SC 8 Reference data for financial services
- ICS :
- 03.060 Finances. Banking. Monetary systems. Insurance
Buy this standard
|std 1 187||PDF + ePub|
|std 2 187||Paper|
ISO 21586:2020Stage: 60.60
Got a question?
Check out our FAQs
Monday to Friday - 09:00-12:00, 14:00-17:00 (UTC+1)
Keep up to date with ISO
Sign up to our newsletter for the latest news, views and product information.