4.2.2 Product Processor Entities

The classification of financial products based on their processor categories and catalog entities is crucial for organizing and managing data within financial systems. This systematic approach categorizes various financial instruments and contracts across different domains, ensuring accuracy and consistency. By organizing products into distinct categories such as assets, derivatives, liabilities, and off-balance sheet assets, this classification helps improve data accuracy, ensure regulatory compliance, and streamline reporting. Examples of such classifications include assets like loan contracts, overdraft accounts, and investments; derivatives like credit derivatives, swaps, and options; liabilities such as term deposits and borrowings; and off-balance sheet assets like commitments and letters of credit. This structured framework supports consistent product processing, facilitates seamless integration across financial systems, and ensures clarity in the representation of financial data.

The core products of banking are:

Table 4-5 Core Banking Products

Product Category	Catalog Entity
Asset	Bill Contracts
Asset	Cards
Asset	Correspondent Accounts
Asset	Investments
Asset	Leases Contracts
Asset	Loan Contracts
Asset	Over Draft Accounts
Asset	Repo Contracts
Derivatives	Credit Derivatives
Derivatives	Forwards Contracts
Derivatives	Futures Contracts
Derivatives	Foreign Exchange Contracts
Derivatives	Option Contracts
Derivatives	Swaps Contracts
Liability	Borrowings
Liability	Casa
Liability	Prepaid Cards
Liability	Term Deposit Contracts
Off Balance Sheet Asset	Commitment Contracts
Off Balance Sheet Asset	Letter Of Credit Contracts