Encyclopedia
Derivative financial instrument
A financial instrument of forward transactions is deemed to be a contract that is a derivative financial instrument in accordance with the Federal Law "On the Securities Market," except for a contract providing for the obligation of one or both parties to periodically or once pay monetary amounts upon the presentation of claims by the other party, depending on changes in values of quantities comprising official statistical information, from the occurrence of circumstances indicating non-performance or improper performance by one or several legal entities, states, or municipal formations of their obligations, from physical, biological and (or) chemical indicators of the state of the environment, from other circumstances not explicitly provided for by the aforementioned Federal Law, as well as from changes in values determined on the basis of a combination of the indicators mentioned in this paragraph1.
Federal Law No. 281-FZ of November 25, 2009, "On Amending Part One and Two of the Tax Code of the Russian Federation and Certain Legislative Acts of the Russian Federation," as amended on July 4, 2016, Article 2, paragraph 5 // Official Gazette of the Russian Federation. 2009. No. 48. Page 5731. ↩