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  • BSI
    BS ISO 21586:2020 Reference data for financial services. Specification for the description of banking products or services (BPoS)
    Edition: 2020
    $526.05
    / user per year

Description of BS ISO 21586:2020 2020

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.



Standard NumberBS ISO 21586:2020
TitleReference data for financial services. Specification for the description of banking products or services (BPoS)
StatusDefinitive
Publication Date2020-10-27
Identical National Standard OfISO 21586
DescriptorsData, Financial organizations, Financial institutions, Finance, Banking, Banks, Products
ICS03.060 Finances. Banking. Monetary systems. Insurance
CommitteeIST/12
ISBN978 0 539 00112 9
PublisherBSI
Pages62

About BSI

BSI Group, also known as the British Standards Institution is the national standards body of the United Kingdom. BSI produces technical standards on a wide range of products and services and also supplies certification and standards-related services to businesses.
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