GB/T 32319-2025Reference data for financial services - Specification for the description of banking products or services (BPoS) (English PDF)

Foreword

This document is in accordance with the provisions of GB/T 1.1-2020 "Guidelines for standardization work Part 1: Structure and drafting rules for standardization documents" Drafting.

This document replaces GB/T 32319-2015 "Banking Product Description Specifications".

In addition to structural adjustments and editorial changes, the main technical changes are as follows.

a) The scope of application has been changed (see Chapter 1, Chapter 1 of GB/T 32319-2015 edition);

b) Eight terms, including "banking services", were added (see Chapter 3), and seven terms, including "banking products", were changed (see Chapter 3, GB/T 32319-2015 edition, Chapter 3);

c) The corresponding technical content of "Description of general requirements" has been changed (see Chapter 4, Chapter 4 of GB/T 32319-2015 edition);

d) The technical content corresponding to "Conformity Level" has been changed (see Chapter 5, Chapter 5 of GB/T 32319-2015 edition);

e) Changed the technical content of 23 key elements such as "BPoS identifier" and 10 key elements such as "professional name" Content (see Chapter 6, Chapter 6 of GB/T 32319-2015 edition);

f) Added key elements and corresponding technical information of "ELF code of BPoSP" (see 6.2.2.2) and "CFI code of BPoS" (see 6.2.4.1).

Technical content;

g) Deleted "Full English Business Name", "Abbreviated English Business Name", "Uniform Social Credit Code of Product Issuing Agency" and "Product Issuing Agency" Key elements of the "Financial Institution Code" (see 6.5, 6.6, 6.8, and 6.9 of GB/T 32319-2015);

h) The corresponding technical content of "Display Requirements" has been changed (see Chapter 7, Chapter 7 of GB/T 32319-2015 edition);

i) The basic model for the logical presentation of banking product specifications (see Appendix B of GB/T 32319-2015) has been deleted.

This document is modified to adopt ISO 21586:2020 "Financial services reference data - Banking Product Service (BPoS) description specification".

This document has the following structural adjustments compared to ISO 21586:2020.

--- Added Appendix A and Appendix B;

--- Appendix C corresponds to Appendix E in ISO 21586:2020;

--- Appendix D corresponds to Appendix A in ISO 21586:2020;

--- Appendix E corresponds to Appendix C in ISO 21586:2020;

--- Appendix F corresponds to Appendix D in ISO 21586:2020;

--- Appendix G corresponds to Appendix B in ISO 21586:2020.

The technical differences between this document and ISO 21586:2020 and their reasons are as follows.

--- Deleted the definition of conformity (see 3.16 of ISO 21586:2020). The term has been included in the introduction to Chapter 3.

GB/T 19000-2016;

--- Replaced ISO 20275 (see 6.2.2.2.2, 6.2.2.4.2) and GB/T 16711 with the normative reference GB/T 42182 ISO 9362 (see 6.2.2.3.2, 6.2.2.4.2), GB/T 35964 replaced ISO 10962 (see 6.2.4.1.2, 6.2.4.1.3), GB/T 12406 replaces ISO 4217:2015 (see 6.2.4.3.4, Appendix E) and adds the normative reference GB/T 39601 (see 6.2.1.4.2), GB/T 42495.1 (see 6.2.2.1.2), GB/T 23696 (see 6.2.2.3.4), to adapt to my country's technical requirements parts, increasing operability;

--- Added content related to virtual currency (see 6.2.4.3.4), explanation of region codes (see 6.2.4.8.4, 6.2.4.9.4), and Applicable to my country's national conditions;

--- Deleted the content related to cryptocurrency (see 6.2.4.3.4 of ISO 21586:2020) to adapt to my country's national conditions;

--- Added the Chinese description of the key elements of BPoS supplement (see Appendix B) to comply with relevant requirements.

The following editorial changes have been made to this document.

---3.3, 3.5, 4.2.1.2, 4.2.2.3, 6.2.1.3.4, 6.2.2.1~6.2.2.5, 6.2.4.3.4, 6.2.4.5.4, 6.2.4.7.4, 6.2.4.13.4, Notes were added to 7.4, C.1, Appendix D, E.1, and G.3;

---6.2.3.1.2 added examples;

--- Replaced ISO/IEC Guide 37 (see 7.3.1) and GB/T 24620-2022 with the informative reference GB/T 5296.1 ISO/IEC Guide 76 (see 7.3.1), GB/T 27926 (all parts) replaced ISO.20022 (all parts) (see F.3);

--- Added Appendix A (informative) "Explanation of the correspondence between some terms in this document and those in GB/T 32319-2015";

---Deleted the content related to cryptocurrency in Appendix C.

Introduction

The banking industry has a long history. Before the mid-20th century, most banking services were very simple and easy for ordinary people to understand.

The services are very similar and do not require special description. Therefore, under the circumstances at that time, there was no standardization of the description of bank products and services.

need.

With the large-scale application of information technology in the banking industry and the emergence of financial innovations, the situation has gradually changed.

Since the beginning of the.1990s, especially when the role of financial technology (FinTech) in banking business has become increasingly prominent, the banking product service (BPoS, see 3.3, in order to focus on the object of this document and avoid possible differences, BPoS is used below to refer to banking products and services.

On the one hand, many banks have established a bank product management department to provide banking services to bank customers.

The functions and behaviors of banking products are determined before customers are hired, so that traditional banking services can be pre-customized through productization.

The functions of BPoS have become so complex that even the staff of its provider (BPoSP, see 3.4) cannot always clearly and comprehensively understand the functions of BPoS.

In addition, some non-traditional banking financial institutions are actually providing BPoS to their customers, and even it is possible to be outside the financial management.

In order to cope with this situation, many banking financial institutions have standardized their bank product descriptions to a certain extent, and have focused on However, since these regulations vary greatly among different institutions, it is difficult for ordinary customers to conduct business even for similar BPoS.

At the same time, writing a BPoS description has become a complex task that can only be done by someone who has a comprehensive understanding of the BPoS of the financial institution.

Therefore, the standardization and regularization of BPoS descriptions are becoming increasingly important.

To address this issue, the National Financial Standardization Technical Committee (SAC/TC180) formulated a banking industry standard system plan in 2010.

When the Bank of China was in the process of establishing a bank product description standard, it prioritized the development of a bank product description standard and issued JR/T 0102-2013 "Banking Product Description Specification" in 2013.

GB/T 32319-2015 was upgraded to GB/T 32319-2015 in 2015.GB/T 32319-2015 defines banking products from the perspective of customers.

As an entity or object, the attributes of bank products are divided into three categories. should have, should have and can have, and different attributes are distinguished by different values.

Bank products, to ensure standardization and flexibility. At the same time, the key elements involved in a bank product description are divided into six levels of compliance, so that "Each attribute should be clearly defined, with key elements describing the bottom line, key elements can highlight innovation, and level six compliance demonstrates transparency." in the document, the description of BPoS continues the above approach.

This document continues the provisions of GB/T 32319-2015 and divides the description of BPoS into logical layer and physical layer. The logical layer mainly it is used to express the content of the description information, focusing on the requirements of the logical organization of information and suitable for machine reading; the physical layer is mainly used to convert the logical layer into the content is presented to human readers, focusing on easy-to-understand and key requirements. The content in ISO 21586:2020 is applicable to the global BPoS information exchange, while this document focuses on domestic BPoS information exchange, so this document may use multiple languages for the same information.

It also specifically provides the key elements that should be included and should be included when describing BPoS in Chinese.

The implementation of this document by banking financial institutions will be conducive to the transparency and information symmetry of BPoS, the implementation of consumer rights protection, and the effective reduction of the threshold and cost of BPoS description compilation can better show the characteristics of BPoS of BPoSP and can be combined with the substantive key elements.

Ordinary consumers and investors can conduct BPoS innovation based on the substantive elements provided in this document.

Analyze, determine and compare whether BPoS meets its own needs; management agencies can check whether the information provided in the BPoS description is sufficient for compliance or transparent; the public can use this document as a reference for judging BPoS.

Financial Services Reference Data Banking Product and Service (BPoS) Description Specification

1 Scope

This document specifies the overall requirements, conformance levels, key elements and presentations for describing Banking Products and Services (BPoS) from the customer perspective.

Require.

This document is intended to guide BPoS providers in describing their product services and to help customers understand or compare specific BPoS.

This document is not intended to describe securities or insurance related products or services.

2 Normative references

The contents of the following documents constitute the essential clauses of this document through normative references in this document.

For referenced documents without a date, only the version corresponding to that date applies to this document; for referenced documents without a date, the latest version (including all amendments) applies to this document.

GB/T 12406 Currency Codes (GB/T 12406-2022, ISO 4217:2015, MOD) GB/T 16711 Banking Industry - Commercial Identification Code for Bank Telecommunications Messages (GB/T 16711-2022, ISO 9362:2022, IDT) GB/T 19000-2016 Quality Management Systems Fundamentals and Vocabulary (ISO 9000:2015, IDT) GB/T 23696 Securities and Related Financial Instruments Exchange and Market Identification Code (GB/T 23696-2017, ISO 10383.

2012, MOD)

GB/T 35964 Securities and Related Financial Instruments Classification of Financial Instruments (CFI) Code (GB/T 35964-2023, ISO 10962.

2021, IDT)

GB/T 39601 Securities and Related Financial Instruments Financial Instrument Short Name (FISN) (GB/T 39601-2020, ISO 18774.

2015, IDT)

GB/T 42182 Legal Form of Global Institutions in Financial Services (GB/T 42182-2022, ISO 20275:2017, IDT) GB/T 42495.1 Financial Services Global Legal Entity Identifier Part 1: Coding Instructions (GB/T 42495.1-2023, ISO 17442-1:2020, IDT)

3 Terms and Definitions

The terms and definitions defined in GB/T 19000-2016 and the following apply to this document.

banking product banking product the output that a BPoS provider can produce without any transaction taking place between the BPoS provider (3.4) and the client (3.5).

Note. When defining banking products in accordance with GB/T 19000-2016, this term is deemed to be equivalent to BPoS.

[Source. GB/T 19000-2016, 3.7.6, modified] 3.2 banking service Outputs of a BPoS provider where at least one activity is performed between the BPoS provider (3.4) and the customer (3.5).