FIGI 1.0 FTF Avatar
  1. OMG Issue

FIGI — Financial Instrument Definition

  • Key: FIGI-4
  • Status: closed  
  • Source: Bloomberg LP ( Richard Beatch [X] (Inactive))
  • Summary:

    Raised by Tom Rutt:

    Financial Instrument. The definitions from a google search include the concept of a representation of value: from "A real or virtual document representing a legal agreement involving some sort of monetary value. " From "A financial instrument is a tradable asset of any kind; either cash, evidence of an ownership interest in an entity, or a contractual right to receive or deliver cash or another financial instrument." The definition in FIGI does not indicate the instrument as a representation. Is the cash itself a financial instrument (i.e, a 100 dollar bill)?

  • Reported: FIGI 1.0b1 — Thu, 16 Apr 2015 17:33 GMT
  • Disposition: Closed; No Change — FIGI 1.0
  • Disposition Summary:

    Financial Instrument Definition

    Request was for clarification of the definition used for Financial Instrument, in particular, clarification around whether a bill, say a $50.00 bill in US currency, counts as a Financial Instrument.

    This issue is being closed with no change as the definition of Financial Instrument that is being used is a duplication of the well-established OMG-standard definition of Financial Instrument used in FIBO.

  • Updated: Fri, 2 Oct 2015 15:42 GMT