| Instruments |
Simple |
Complex |
Highly Complex |
| Corporate Debt |
| Corporate Bond1 |
Fixed coupon |
Fixed coupon with features (say a put/call option) |
|
| |
Floating rate (Yield linked to benchmark) |
|
| |
Floating rate with features (say put/call option, floors/ caps) |
|
| Others |
Commercial Paper |
|
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| Certificate of Deposit |
|
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| Fixed Deposit |
|
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| |
| Derivatives |
| Exchange Traded Derivatives |
| Equity derivatives |
|
Buying index/ stock options (Long position) |
Selling index/ stock options (Short position) |
| |
Index/ stock futures (buying and selling) |
|
| Commodity derivatives |
|
Commodity futures |
|
| Over The Counter (OTC) Derivatives |
| Foreign exchange derivatives |
|
Simple single currency forward rate agreement without any features (cap, collar, knock in, knock outs etc.) |
Forward rate agreement with customised features |
| |
|
Cross-currency forward rate agreements |
| |
|
Currency options |
| |
|
Currency swaps |
| Interest rate derivatives |
|
|
Interest rate swaps |
| |
|
Cross-currency interest rate swaps |
| Credit Derivatives |
|
Credit Default Swaps - Protection buying - Single asset |
Credit Default Swaps - Protection selling - Single asset |
| |
|
Credit Default Swaps - Multi asset (both buying and selling) |
| |
| Equity |
| Equity shares |
Exchange traded equity shares |
|
|
| |
| Hybrid Instruments |
| Lower Tier 2 bonds by banks |
Fixed coupon |
Fixed coupon with features (say a put/call option) |
|
| |
Floating rate (Yield linked to benchmark) |
Floating rate with features (say put/call option, floors/ caps) |
| Hybrids issued by banks2 |
|
|
Perpetual innovative Tier 1 bonds |
| |
|
Perpetual Preference shares |
| |
|
Upper Tier 2 bonds |
| Preference Shares |
|
Plain Vanilla |
|
| |
Convertible preference shares |
|
| Convertible Bonds |
|
Optionally (fully/ partially) convertible bonds |
Foreign currency convertible bonds (FCCB) |
| |
Compulsory (fully/ partially) convertible bonds |
|
| Others |
|
Separate Trading of Registered Interest and Principal Securities (StrIPS) |
Security Receipts (issued by Asset Reconstruction Companies) |
| |
|
Equity linked debentures |
| |
|
Commodity linked debentures |
| |
| Mutual Funds |
| Debt Funds |
Gilt funds |
Floating rate funds |
|
| Liquid funds |
|
|
| Debt funds |
|
|
| Fixed maturity plans |
|
|
| Interval Funds |
|
|
| Monthly Income Plans |
|
|
| Structured Mutual Funds |
|
Capital protected fund - Static Hedge |
Capital protected fund - leveraged |
| |
Arbitrage Funds |
CPPI (Constant Proportion Portfolio Insurance) |
| |
|
DPI (Dynamic Portfolio Insurance) |
| Mutual funds - Equity and others |
Plain equity funds |
Derivative funds |
Art funds |
| Sector based funds |
Fund of funds |
|
| Balanced funds |
International funds |
|
| Gold funds |
Special situation funds |
|
| Exchange traded funds |
|
|
| Index linked mutual funds |
|
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| Others |
| |
Public Provident Fund (PPF) |
Unit Linked Insurance Plans |
Real Estate Investment Trusts (REIT) |
| National Savings Certificate/ Indra Vikas Patra / Kisan Vikas Patra |
|
|
| Recurring Deposit |
|
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| Securitised Debt |
| Structured bonds |
|
Bonds backed by escrow of identified cash flows such as water charges and property taxes |
|
| |
Bonds backed by guarantee |
Bonds backed by partial guarantee |
Asset Backed Securities (ABS)/
Mortgage Backed Securities (MBS)/
Pass Through Certificates (PTCs) |
|
Fixed coupon - Prepayment protected |
Fixed coupon - Prepayment not protected |
| |
|
Floating rate - (Both prepayment protected and not protected) |
| |
|
MBS with reset of yields |
| |
|
Repacked instruments backed by ABS/ MBS |
| Collateralised Debt Obligations (CDO) |
|
Single Asset (Single loan sell downs) |
Multi Asset |
| Bonds structured for pool financing for Urban Local Bodies (ULBs) |
|
|
Bonds structured for pool financing for ULBs |