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Nevada Revised Statutes Title 57. Insurance § 682A.057. “Derivative instrument” defined

Current as of January 01, 2025 | Updated by Findlaw Staff

1. “Derivative instrument” means an agreement, option or instrument, or a series or combination thereof:

(a) To make or take delivery of, or assume or relinquish, a specified amount of one or more underlying interests, or to make a cash settlement in lieu thereof; or

(b) That has a price, performance, value or cash flow based primarily upon the actual or expected price, level, performance, value or cash flow of one or more underlying interests.

2. The term includes, without limitation, options, warrants used in a hedging transaction and not attached to another financial instrument, caps, floors, collars, swaps, forwards, futures and any other agreements, options or instruments substantially similar thereto, or any series or combination thereof, and any agreements, options or instruments allowed pursuant to the regulations adopted under NRS 682A.388.

3. The term does not include an investment authorized by NRS 682A.408 to 682A.448, inclusive, 682A.460 and 682A.518 to 682A.558, inclusive.

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Cite this article: FindLaw.com - Nevada Revised Statutes Title 57. Insurance § 682A.057. “Derivative instrument” defined - last updated January 01, 2025 | https://codes.findlaw.com/nv/title-57-insurance/nv-rev-st-682a-057/

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