Financial Products and Associated Risks Payment > Phishing -Imposters | > Any communication whichis either threatening Products trying to lure and or too good to be true must be ignored or atleast collect important reported to nearest branch for further action data like CVV, > Use only personal computer with proper Anti-Virus password, account software only for online transactions. numbers etc > Report loss of cards and any suspected compromise > Stolen Passwords on online passwords immediately > Loss of Cards > As faras possible use only OTP option for passwords > Leaving the card at ATM Investment | > Liquidity Risk > Credit risk or the risk of default is the most Products. > Credit Risk important risk. Understanding and implementing > Market Risk credit rating process and methodologies can reduce > Business Risk credit risk > Company Risk > Investment to be done after thorough analysis of Cash Flow needs and analysis > Diversification of assets into Debt and Equity > Wherever market Risk is present use Averaging Insurance > Under Insured > Identity Correct sum assured required Products > Over Insured > Understand exclusions and risk not covered by > Non-Disclosure of policies Relevant Facts > Only Pure Risks (situation where outcomes can result in loss or no loss, but never in gain) will be covered by Insurance and not Speculative Risks. Risk Management Strategies include - Risk Avoidance, Risk Retention, Risk reduction and Risk Financing Loan > Leverage Risk > Loan to be taken for Asset Creation Products > Interest Rate Risk > EMI repayment should be within 25% of Monthly Income BEWARE OF RISKS IN FINANCIAL PRODUCTS