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__NOEDITSECTION__
{{def|Derivative|/dɪˈrɪvətɪv/|n|{{subtable|{{financial instruments}}}}}}
=By Instrument=
A [[financial instrument]], feared in Nebraska as some kind of [[Financial weapons of mass destruction|WMD]], in the cradle of the Levant as a sort of Godless gambling contract, amongst commodity producers of the Midwest (other than that one fellow in Omaha) as a legitimate [[hedging]] activity, and for legions of patient [[negotiator|negotiators]] in London, New York, Hong Kong and the thriving satellite constellation of low-cost jurisdictions from Bangalore to Nashville, a steady, dreary, unglamorous means of keeping home fires stoked and food upon the table.
==[[Securities]]==
===[[Debt Capital Markets]]===
*[[Medium Term Note]] Programmes
*Stand Alone [[Eurobond]] Issuance
*[[Commercial Paper]]
**[[Euro Commercial Paper Programmes]]
**[[Asset-backed]] [[Commercial Paper]]
====Supporting Documentation====
*Legal Documents
**Constituting Instruments
**Agency Agreements
**Terms and Conditions
**Offfering Materials
**[[ICMA]] form of Final Terms
*Board Authorisation
*Side Letters, Agent Appointments and Dealer Confirmations


====Hedging====
Could be a [[swap]]<ref>Also, fondly, known as a [[sw-ŏp]], but ''never'' a [[sw-æp]]. [[Swap does not rhyme with crap|Swaps aren’t, and don’t rhyme with, crap]].</ref>, an [[option]] or a [[future]].
*Term Funding
*Basis Risk
====Offering and Resale====
=====Listing and Prospectus Directive=====
*Passporting and Home Regulators
*Listing Rules
*Regulated Stock Exchanges
**London Stock Exchange
**Irish Stock Exchange
**Luxembourg Stock Exchange
**other Stock Exchanges
*Non regulated market Stock Exchanges
**EuroMTF
**AIM
**Others
*ESMA-sponsored amendments to the Prospectus Directive


=====Selling Restrictions=====
Not, and especially not now, in light of the fabulous parallel regulation of the [[Securities Financing Transactions Regulation]], a [[stock loan]] or a [[repo]].
*Jurisdictional Selling Restrictions Library
*Jurisdictional Tax Disclosure
=====Retail Sales=====
*Retail Distribution
**Retail Cascades
**Prospectus Consents
*Packaged Retail investor Products (PRIPs)
*Key Investor Disclosure document (KID)


=====US registration=====
==Warning: boring stuff below this line==
*SEC Registration
Where do you start?
*Safe Harbours and Exemptions
:{{derivativecontractdefinition}}
**Regulation S
**Rule 144A


===[[Structured Securities]]===
:{{tag|MiFID}} definition of [[derivative]] comes from the latter half (items (4) - (10)) of the definition of “[[Financial instrument - FCA Rulebook Term|Financial Instruments]]” set out in Section C of Annex I to {{tag|MiFID}} as follows:
*Structured [[Medium Term Note]]s
*Repackagings and Securitisation
===[[Exchange Traded Securities]]===
*[[Exchange-Traded Funds]] (ETFs)
*[[Exchange-Traded Notes]] (ETNs)


==[[Over-The-Counter]] Transactions==
===Derivatives===
====[[Swaps]]====
=====[[ISDA]]=====
*{{isdama}}
**{{1992ma}}
**{{2002ma}}
*{{tag|ISDA}} [[Credit Support Annex]]
**{{1995csa}} (title transfer  - English Law)
**{{1994csa}} (pledge - New York Law)
=====[[Non-ISDA]]=====
*[[European Master Agreement]]
*Domestic European master agreements
**[[Deutsche Rahmenvertrag]] (German Master Agreement)
**[[FBF]] (French Master Agreement)
**[[CMOF]] (Spanish Master Agreement)
====Spot and Short Term Derivatives====
''These contracts are not necessarily traded under an ISDA framework but may will be traded according to Exchange rules or financial institutions'  "Standard Terms of Business"''
*[[Futures]]
*[[Spot]]
*[[Forwards]]


===[[Securities Financing]]===
{{sa}}
====Stock Lending====
*[[FWMD Top Trumps]]
*[[Global Master Securities Lending Agreement]] (GMSLA)
*[[Master Securities Lending Agreement]] (MSLA)
*[[Legacy Stock Lending Agreements]]
====Repurchase Agreements====
*[[Global Master Repurchase Agreement]] (GMRA)
*[[Master Repurchase Agreement]] (MRA)
===[[Commodities Trading]]===
====Financial====
*[[Commodity Derivatives]]
*[[Futures]]
*Commdity Indices
*Exchange Traded Commodity Products
**[[Exchange-Traded Notes]]
**[[Exchange-Traded Funds]]


====Physical====
{{ref}}
=====Oil and Refined Products=====
=====Freight=====
=====Energy=====
*Coal
*Power
*Gas
*Carbon/Emissions
=====Metals=====
*Base Metals
*Precious Metals
=====Agrigultural Commodities=====
====Commodities Documentation====
*[[ISDA Commodities Definitions]]
*[[EFET]] - European Federation of Energy Traders Master Agreements (Power and Gas)
*[[IETA]] - International Emissions Trading Agreement
*[[SCOTA]] - Standard Coal Trading Agreement
 
===[[Prime Brokerage]]===
(in scope?)
==Derivative Transactions==
===Market Risk===
====Asset Class====
*[[Equity Derivatives]]
*[[Credit Derivatives]]
*[[Currency Derivatives]]
*[[Interest Rate Derivatives]]
*[[Commodity Derivatives]]
====Market Disruption====
====Gap Risk=====
===Credit Risk===
===Collateral and Credit Support===
====Collateral ====
=====Overview=====
*Treasury, Liquidity implications of Collateral posting and recieving
*Rehypothecation and Client Assets protection
=====Credit Support Annex=====
*1994 NY Pledge form of CSA
*1995 english Law Title Transfer
=====Eligible Collateral=====
*Cash
*Sovereign Bonds
*Corporate Bonds
*Other Assets
**Letters of Credit
====Non-Collateral Credit Support====
*Guarantees
*"Liens" and Security Interests
 
====Intercreditors and Loan financing====
 
==Regulatory Environment==
Implications for derivatives and capital markets transactions of regulatory initiatives. ''This should cross reference where appropriate the Financial Services Module''
====Supervision and Market Infrastructure====
*[[Dodd Frank]]
*[[European Market Infrastructure Regulation]] (EMIR)
====Investor Protection====
*[[MiFID]]
*[[Prospecus Directive/PRIPS]]
====Capital, Liquidity and Financial Stability====
=====Regulations=====
*[[Capital Requirements Directive]] (CRD4)
*[[Basel III]]
=====Market Making=====
=====Netting=====
=====Risk Weighted Asset Classification=====
*[[Banking book]]
*[[Trading Book]]
 
===Mandatory Clearing===
===Suitability===
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