None of the Information constitutes an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument
or product or trading strategy, and MSCI does not endorse, approve or otherwise express any opinion regarding any issuer, securities, financial instruments
or products or trading strategies that may be described or mentioned herein.
In 1993 and again in 1996, the Federal Reserve issued advisories concerning illegal activities claiming to involve a financial instrument
issued by a "prime bank.
FAS 155 permits fair value re-measurement for any hybrid financial instrument
that contains an embedded derivative that otherwise would require bifurcation.
Bullen, principal author of the Discussion Memorandum, "the definition of a financial instrument
includes bonds, notes, deposits, trade accounts receivable and payable, and many insurance contracts.
For financial instruments
with off-balance sheet risk, an entity is required to disclose in the body of the financial statements or in the related notes by class of financial instrument
An uncondiitonal receivable and payable--an unqualified right or obligation to receive or deliver cash or a financial instrument
(for example, a zero-coupon bond);
The Financial Accounting Standards Board has published a special report, Illustrations of Financial Instrument
Disclosures, that explains the disclosure requirements in Statement no.
Some derivatives (such as futures, forward and swap contracts) have elements of traditional forward contracts, which obligate one party to buy and a counterparty to sell an underlying financial instrument
, foreign currency or commodity at a future date at an agreed-on price.
For a corporation, for instance, the biggest financial instrument
A financial instrument
is "mandatorily redeemable" if it requires the issuer to redeem it by transferring its assets at a specified or determinable date upon an event that is certain to occur, including the death or termination of employment of the shareholder.
with similar economic effect to Qualifying Financial Instruments
(xv, xvi) Resulting situation after the triggering transaction: Type of financial instrument
It requires that an issuer classify a financial instrument
that is within its scope as a liability (or an asset in some circumstances).