Knowledge Of Customer On VA

The Knowledge Of Customer On VA Answer is used to specify a customer's knowledge level about virtual assets (cryptocurrencies, tokens, etc.), which is important for suitability assessment and risk profiling.

Fields

Field	Type	Required	Description
fieldTypeId	string	Yes	Must be set to "KnowledgeOfCustomerOnVa" (from FieldTypeEnum)
knowledgeOfCustomerOnVaId	string	Yes	ID of the selected knowledge level

Example Usage

{
  "fieldId": "k7l8m9n0-1o2p-3q4r-5s6t-7u8v9w0x1y2z",
  "answer": {
    "fieldTypeId": "KnowledgeOfCustomerOnVa",
    "knowledgeOfCustomerOnVaId": "a640b5fd-0b98-494a-a6ec-6f7f8e323ff72"
  }
}

Lookup References

This answer model requires values from the following lookup source:

Virtual Asset Knowledge Levels: For valid values for the knowledgeOfCustomerOnVaId field, please refer to the Lookup API documentation and use the "VirtualAssetKnowledgeEnum" lookup source.

Notes

• The customer's knowledge of virtual assets is assessed to determine their understanding of the associated risks and features.
• This information is particularly important for customers interested in virtual asset-related products or services.
• Different knowledge levels may trigger different requirements for customer education or disclosure.
• Low knowledge levels combined with interest in high-risk virtual asset products may indicate a mismatch between the customer's understanding and investment choices.
• This assessment may be used in conjunction with financial experience and risk appetite information to evaluate suitability.
• Virtual assets include cryptocurrencies, tokens, and other blockchain-based digital assets.
• Knowledge assessment helps ensure that customers make informed decisions and understand the volatility and other risks associated with virtual assets.