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#314716 - 02/10/05 03:38 PM Investment Securities
razzledazzle Offline
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Joined: Dec 2004
Posts: 21
Indiana
Has anyone seen a definition for "standardized instruments" as it relates to pre-purchase analysis?

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#314717 - 02/16/05 01:54 AM Re: Investment Securities
rlcarey Offline
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rlcarey
Joined: Jul 2001
Posts: 77,285
Galveston, TX
Not really, but a standardized instrument is akin to "relatively simple" - so IMHO that would be something like a straight bond rather than some product involving derivatives, for example.
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#314718 - 02/16/05 04:01 PM Re: Investment Securities
razzledazzle Offline
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Joined: Dec 2004
Posts: 21
Indiana
Thanks. That's the way I look at it. However, the examiners wanted to see a pre-purchase analysis on corp. bonds and munis which we agreed to. But now the investment officer is trying to back out by saying they are standardized instruments and we don't need one.

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