Classification
Financial instruments may be classified from different angles. One classification is Financial Asset and Other Financial Instruments. The criteria for this classification is liquidity and legal characteristics.
Financial Assets
- Currency
- Deposits
- Securities other than shares
- Shares and other equity
- Loans and borrowings
- Other accounts receivable / payable
- Financial derivatives
Other Financial Instruments
- Letters of guarantee
- Letters of credit
- Financial commitments
- Pledged financial assets
To read more about Financial Instruments👇 https://freebird.data.blog/2022/08/02/financial-instruments/
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