### Question
Can you define what financial instrument means?


### Answer
**Financial instrument** is defined as the following in *12 U.S.C. § 5341*:

> a financial contract in which the terms and conditions are publicly available, and the roles of one or more of the counterparties are assignable without the consent of any of the other counterparties (including common stock of a publicly traded company, government bonds, or exchange traded futures and options contracts)

#### Citation:
  - *12 U.S.C. § 5341*
  - Heading: **CHAPTER 53-WALL STREET REFORM AND CONSUMER PROTECTION > SUBCHAPTER I-FINANCIAL STABILITY > Part B-Office of Financial Research**

