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Financial instrument: Difference between revisions
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{{a|mifid2|[[File:Stradivarius.jpg|450px|frameless|center | {{a|mifid2|[[File:Stradivarius.jpg|450px|frameless|center]]}}{{d|Financial instrument|/fɪˈnanʃ(ə)l ˈɪnstrʊm(ə)nt/|n|}} | ||
Colloquially, a contract creating financial liabilities between two parties. It can, but need not, be [[negotiable]], but its main feature — its ''[[sine qua non]]'' — is that it cannot be [[Issuance|created]], [[paying agent|maintained]], [[investment manager|managed]], [[Custody|looked after]], [[Broker-dealer|transferred]], [[Securitisation|monetised]] or [[Redemption|redeemed]] — it cannot move or breathe, in other words — except through the [[Agency problem|agency]] of someone who will deduct a fee from the proceeds of your investment for the privilege. | Colloquially, a contract creating financial liabilities between two parties. It can, but need not, be [[negotiable]], but its main feature — its ''[[sine qua non]]'' — is that it cannot be [[Issuance|created]], [[paying agent|maintained]], [[investment manager|managed]], [[Custody|looked after]], [[Broker-dealer|transferred]], [[Securitisation|monetised]] or [[Redemption|redeemed]] — it cannot move or breathe, in other words — except through the [[Agency problem|agency]] of someone who will deduct a fee from the proceeds of your investment for the privilege. | ||
==MiFID== | ==MiFID== | ||