This effort to understand underlying instruments
is a direct result of the failure of several more esoteric financial instruments that were once thought to be safe, reliable vehicles for investment, such as auction-rate securities.
Market risk would be assessed on a portfolio basis, taking into account the cash flows associated with both derivatives and the underlying instruments
For newcomers to the field, a derivatives instrument is a bilateral contract or payments-exchange agreement whose value is measured by the value of one or more underlying instruments
, reference points or markets.
In light of the strong linkages among the markets for futures, options, and their underlying instruments
, some have argued that the division of oversight responsibilities among agencies may impede the effective regulation and supervision that is essential to ensure sound and efficient financial markets.
08 improving the quality of services in the ministry of labour and social policy with funds from the operational programme human resources development 2007-2013 with subject prepress, design and printing of the data dictionary for consultations on the typical questions, interested consumers, policies portfolios minister of labour and social policy contained underlying instruments
and rules for their application.