Risk Appetite

The Risk Appetite Answer is used to submit responses to a risk assessment questionnaire that evaluates an individual's or entity's risk tolerance for investment purposes.

Fields

Base Fields

Field	Type	Required	Description
`fieldTypeId`	string	Yes	Must be set to "RiskAppetite" (from FieldTypeEnum)
`riskAppetiteAnswers`	array	Yes	Array of answers to risk appetite questions

Risk Appetite Answer Item Fields

Each item in the riskAppetiteAnswers array contains:

Field	Type	Required	Description
`questionId`	integer	Yes	ID of the risk appetite question being answered
`selectedAnswerId`	integer	Conditional	ID of the selected answer option (required for single-choice questions)
`riskAppetiteQuestionnaireAnswers`	array	Conditional	List of responses for financial allocation questions (required for question 11 or 4)

Risk Appetite Questionnaire Answer Fields

For financial allocation questions, each item in the riskAppetiteQuestionnaireAnswers array contains:

Field	Type	Required	Description
`riskAppetiteQuestionnaireQuestionKeyId`	integer	Yes	ID of the financial question
`value`	integer	Yes	The numeric value/percentage entered for the question

Question Types

The risk appetite assessment includes different types of questions:

Single-choice questions: Require selecting one option by providing a selectedAnswerId.
Financial allocation questions: Require providing percentage values for different asset categories, with total adding up to 100%.

Example Usage

Example for Individual

{
  "fqName": "RiskProfile_Assessment_IndividualRiskAppetite",
  "answer": {
    "fieldTypeId": "RiskAppetite",
    "riskAppetiteAnswers": [
      {
        "questionId": 8,
        "selectedAnswerId": 24
      },
      {
        "questionId": 9,
        "selectedAnswerId": 27
      },
      {
        "questionId": 10,
        "selectedAnswerId": 30
      },
      {
        "questionId": 11,
        "selectedAnswerId": null,
        "riskAppetiteQuestionnaireAnswers": [
          {
            "riskAppetiteQuestionnaireQuestionKeyId": 60,
            "value": 10
          },
          {
            "riskAppetiteQuestionnaireQuestionKeyId": 61,
            "value": 30
          },
          {
            "riskAppetiteQuestionnaireQuestionKeyId": 62,
            "value": 40
          },
          {
            "riskAppetiteQuestionnaireQuestionKeyId": 63,
            "value": 20
          }
        ]
      },
      {
        "questionId": 12,
        "selectedAnswerId": 36
      },
      {
        "questionId": 13,
        "selectedAnswerId": 39
      },
      {
        "questionId": 14,
        "selectedAnswerId": 42
      }
    ]
  }
}

Example for Legal Entity

{
  "fqName": "RiskProfile_Assessment_LegalEntityRiskAppetite",
  "answer": {
    "fieldTypeId": "RiskAppetite",
    "riskAppetiteAnswers": [
      {
        "questionId": 1,
        "selectedAnswerId": 2
      },
      {
        "questionId": 2,
        "selectedAnswerId": 5
      },
      {
        "questionId": 3,
        "selectedAnswerId": 8
      },
      {
        "questionId": 4,
        "selectedAnswerId": null,
        "riskAppetiteQuestionnaireAnswers": [
          {
            "riskAppetiteQuestionnaireQuestionKeyId": 60,
            "value": 25
          },
          {
            "riskAppetiteQuestionnaireQuestionKeyId": 61,
            "value": 35
          },
          {
            "riskAppetiteQuestionnaireQuestionKeyId": 62,
            "value": 30
          },
          {
            "riskAppetiteQuestionnaireQuestionKeyId": 63,
            "value": 10
          }
        ]
      },
      {
        "questionId": 5,
        "selectedAnswerId": 14
      },
      {
        "questionId": 6,
        "selectedAnswerId": 17
      },
      {
        "questionId": 7,
        "selectedAnswerId": 20
      }
    ]
  }
}

Question and Answer Reference

The risk appetite questionnaire has two sections: one for Individual customers and one for Legal Entity customers.

Individual Questions (IDs 8-14)

Question 8: Investment Horizon

Option 23: Yes, I intend to use a significant percentage of my investments in the short term (within one year).
Option 24: Yes, I intend to use a significant percentage of my investments in the medium term (one to three years).
Option 25: I do not expect to use a significant percentage of my investments in the short or medium term.

Question 9: Individual's Situation

Option 26: I shall need to make redemptions in excess of financial returns over the next few years to maintain cash flow.
Option 27: I shall need to make sporadic redemptions in excess of the financial returns to cover my expenses and cash flow.
Option 28: I shall make constant contributions to the investment portfolio to increasing my equity.

Question 10: Breakdown of Investments

Option 29: I have a more conservative portfolio than at other institutions.
Option 30: I have balanced portfolios with the same risk profile at all financial institutions.
Option 31: I have a more aggressive portfolio at other institutions.

Question 11: Financial Situation

This question requires percentage allocations for the following categories:

Question 60: (A) Liquidity (immediate conversion into currency)
Question 61: (B) Financial investments (without immediate liquidity)
Question 62: (C) Real estate
Question 63: (D) Other

The sum of all percentages must equal 100%.

Question 12: Expectation

Option 35: No
Option 36: Depends
Option 37: Yes

Question 13: Comfort

Option 38: I would sell immediately.
Option 39: I understand that this can happen for certain assets, but not the entire portfolio.
Option 40: I believe my portfolio is subject to fluctuations of this magnitude.

Question 14: Investment Expectation

Option 41: I am not willing to undergo negative fluctuations in my investments, even in short periods (1 month).
Option 42: I accept negative fluctuations in my investments in the short term; however, I believe the losses should be recovered within 6 months.
Option 43: I accept negative fluctuations in my investments; however, I believe the losses should be recovered within 12 months.
Option 44: I seek absolute returns and accept negative fluctuations in my investments over periods of more than 12 months.

Legal Entity Questions (IDs 1-7)

Question 1: Investment Horizon

Option 1: Yes, we intend to use a significant percentage of our investments in the short term (within one year).
Option 2: Yes, we intend to use a significant percentage of our investments in the medium term (one to three years).
Option 3: We do not expect to use a significant percentage of our investments in the short or medium term.

Question 2: Institution's Situation

Option 4: We will need to make redemptions in excess of financial returns over the next few years to maintain cash flow.
Option 5: We will need to make sporadic redemptions in excess of the financial returns to cover expenses and cash flow.
Option 6: We will make constant contributions to the investment portfolio to increasing the institution's equity.

Question 3: Breakdown of Investments

Option 7: At your firm we have a more conservative portfolio than at other institutions.
Option 8: We have balanced portfolios with the same risk profile at all financial institutions.
Option 9: At your firm we have a more aggressive portfolio than at other institutions.

Question 4: Financial Situation

This question requires percentage allocations for the following categories:

Question 60: (A) Liquidity (immediate conversion into currency)
Question 61: (B) Financial investments (without immediate liquidity)
Question 62: (C) Real estate
Question 63: (D) Other

The sum of all percentages must equal 100%.

Question 5: Expectation

Option 13: No
Option 14: Depends
Option 15: Yes

Question 6: Comfort

Option 16: It would sell immediately.
Option 17: We understand that this can happen for certain assets, but not the entire portfolio.
Option 18: We believe the institution's portfolio is subject to fluctuations of this magnitude.

Question 7: Investment Expectation

Option 19: We are not willing to undergo negative fluctuations in our investments, even in short periods (1 month).
Option 20: We accept negative fluctuations in our investments in the short term; however, we believe the losses should be recovered within 6 months.
Option 21: We accept negative fluctuations in our investments; however, we believe the losses should be recovered within 12 months.
Option 22: We seek absolute returns and accept negative fluctuations in our investments over periods of more than 12 months.

Notes

All questions in the risk appetite assessment must be answered.
For financial allocation questions (Question 11 for Individuals or Question 4 for Legal Entities), the total of all percentage values must equal 100%.
The answers provided in the risk appetite assessment are used to determine the investor's risk profile and suitable investment options.
The risk profile influences the classification of the customer and the types of financial products that may be offered.
Different questions apply to Individual customers versus Legal Entity customers.

Fields​

Base Fields​

Risk Appetite Answer Item Fields​

Risk Appetite Questionnaire Answer Fields​

Question Types​

Example Usage​

Example for Individual​

Example for Legal Entity​

Question and Answer Reference​

Individual Questions (IDs 8-14)​

Question 8: Investment Horizon​

Question 9: Individual's Situation​

Question 10: Breakdown of Investments​

Question 11: Financial Situation​

Question 12: Expectation​

Question 13: Comfort​

Question 14: Investment Expectation​

Legal Entity Questions (IDs 1-7)​

Question 1: Investment Horizon​

Question 2: Institution's Situation​

Question 3: Breakdown of Investments​

Question 4: Financial Situation​

Question 5: Expectation​

Question 6: Comfort​

Question 7: Investment Expectation​

Notes​