Taking credit cards as an example, cardholders can enjoy convenient consumption and show their dignity; For banks, credit card is a credit tool for personal consumption, which can bring interest and expense income; For credit card organizations (such as VISA and UnionPay), credit cards can not only attract customers, increase sales, but also reduce settlement risks.
Financial products refer to the combination of tangible products and intangible services provided by financial institutions for the market. Financial products in a narrow sense refer to financial instruments created by financial institutions for customers to choose to trade in financial markets. Financial products in a broad sense refer to all products and services provided by financial institutions to the market that can be obtained, utilized or consumed by customers.
Financial products also refer to all kinds of products and services provided by financial institutions through various business activities, including savings, credit, settlement, securities investment, commercial insurance and financial information consultation.
(1) Relationship between financial products and physical assets: Many financial products are evolved from physical assets. For example, Microsoft's stock evolved from Microsoft's actual assets, and Microsoft's stock futures and options evolved from Microsoft's stock; Mortgage-backed securities come from houses.
(2) Relationship among financial products, financial assets and financial instruments: Financial products are carriers of various economic values, such as cash, stocks and futures. For example, Zhang San bought stocks with 3 million yuan, and now the market value of these stocks is less than 6,543,800 yuan.