A simple product Hierarchy

Happy Holidays!

There can never be a singular ‘correct’ way to view financial products used by banks, asset managers, pension funds, etc, but at some point everybody has to code it somewhere into their system(s).

Here is a stab that may be useful. You can ignore the root node. Beyond that, the first row is the ‘asset class’, and the second row is the ‘product type’.

The bottom rows refer to whether something is referred to as a cash instrument or a derivative. Generally meaning:

• Cash -> You pay cash and…