Product Name Clarification

Question

In the BankingAccount schema there is property called productName. Based on the provided description, can you please clarify what is expected for the model number value?

As an example, would the expected value be the productName such as 'Everyday Saver' or would the value be the unique product identifier '12345' ?

Answer

In regards to the productName field in the product reference data payloads, this field is designed to hold any identifier that the data holder wishes to provide for the product in any format.  It is not expected to be displayable.

As the option exists for a single conceptual product to be represented multiple times in the product reference data APIs (for instance a single branded term deposit may be represented once for retail customers and again for business customers), the productName is not intended to be unique.

Essentially, the contents of this field is at the discretion of the data holder.

See

• Consumer Data Standards - BankingAccount