3 Create Instrument Products

An Instrument Product is a broad classification of instruments. It provides a general framework and serves to classify or categorize instruments. The first attribute you define for a product is its Type. In other words, you indicate the type of instruments that the product involves. In Oracle Banking Treasury Management, you can set up products for the following instrument types:

• Futures
• Options

After making this basic classification, you can create the product to suit your requirements. Within the broad categories of the type of instruments listed above, you can further define attributes that are characteristic to the type. All the instruments associated with the product inherit the attributes that you define for the product. You will not be allowed to change any of these attributes at the time of capturing a specific contract.

A product can be created only in the Head Office of your bank. Any user in the head office with the requisite rights can create a product.

This topic contains the following sub-topics:

• Process Exchange Derivatives Instrument Product Definition
  This topic describes the systematic procedure to process Exchange Derivatives Instrument Product Definition screen.