Det forhold, at et værdipapir eller et pengemarkedsinstrument omfatter et afledt instrument, betyder ikke, at hele det finansielle instrument omdannes til et afledt finansielt instrument, der falder uden for definitionerne på værdipapir eller pengemarkedsinstrument.
Embedding a derivative element into a transferable security or money market instrument does not transform the whole financial instrument into a financial derivative instrument which would fall outside the definitions of transferable security or money market instrument.