FIGI — Financial Instrument Definition

Raised by Tom Rutt:

Financial Instrument. The definitions from a google search include the concept of a representation of value: from http://www.investopedia.com/terms/f/financialinstrument.asp "A real or virtual document representing a legal agreement involving some sort of monetary value. " From http://en.wikipedia.org/wiki/Financial_instrument "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)?

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.