Editing Financial instrument (section)

==Types==
Financial instruments can be either cash instruments or derivative instruments:
* Cash instruments – instruments whose value is determined directly by the [[Market (economics)|markets]]. They can be [[security (finance)|securities]], which are readily transferable, and instruments such as [[loans]] and [[Deposit (finance)|deposits]], where both borrower and lender have to agree on a transfer.
* [[Derivative (finance)|Derivative instruments]] – instruments which derive their value from the value and characteristics of one or more underlying entities such as an [[asset]], [[Index (economics)|index]], or [[interest rate]]. They can be [[Derivative (finance)#Exchange-traded derivatives|exchange-traded derivatives]] and [[Derivative (finance)#Over-the-counter derivatives|over-the-counter (OTC) derivatives]].<ref>[http://chicagofed.org/webpages/publications/understanding_derivatives/index.cfm Understanding Derivatives] {{Webarchive|url=https://web.archive.org/web/20130812135118/http://www.chicagofed.org/webpages/publications/understanding_derivatives/index.cfm |date=2013-08-12 }}. Federal Reserve Bank of Chicago. Accessed August 2, 2015.</ref> Some of the more common derivatives include [[Forward contract|forwards]], [[Futures contract|futures]], [[Option (finance)|options]], [[Swap (finance)|swaps]], and variations of these such as synthetic [[collateralized debt obligation]]s and [[credit default swap]]s.

{| class="wikitable"
! rowspan="2" | Asset class
! colspan="4" | Instrument type
|-
! |Securities
! |Other cash
! |[[Derivative (finance)#Exchange-traded derivatives|Exchange-traded derivatives]]
! |[[Derivative (finance)#Over-the-counter derivatives|OTC derivatives]]
|-
! |Debt (long term)<br />&nbsp;1 year
|[[Bond (finance)|Bonds]]
|[[Loan]]s
|Bond [[futures contract|futures]] <br />[[Option (finance)|Options]] on bond [[futures contract|futures]]
|[[Interest rate swap]]s<br />[[Interest rate cap and floor|Interest rate caps and floors]]<br />[[Interest rate option]]s<br />[[Exotic derivative]]s
|-
! |Debt (short term)<br /> ≤&nbsp;1 year
|Bills, e.g. [[Treasury security#Treasury bill|T-bills]]<br />[[Commercial paper]]
|[[Deposit account|Deposits]]<br />[[Certificate of deposit|Certificates of deposit]]
|Short-term [[interest rate future]]s
|[[Forward rate agreement]]s
|-
! |[[Equity (finance)|Equity]]
|[[Stock]]
|N/A
|Stock [[Option (finance)|options]]<br />Equity [[futures contract|futures]]
|Stock [[Option (finance)|options]]<br />[[Exotic derivative]]s
|-
! |[[Currency|Foreign exchange]]
|N/A
|[[foreign exchange spot|Spot]] foreign exchange
|[[Currency future]]s
|Foreign exchange [[Option (finance)|options]]<br />[[forward contract|Outright forwards]]<br />[[Foreign exchange swap]]s<br />[[Currency swap]]s
|}

Some instruments defy categorization into the above matrix, for example [[repurchase agreement]]s.