Instrument categories

What is an instrument category?

Instrument category is the term used by Jyske Bank in its classification of financial instruments traded by Jyske Bank. You can apply for re-categorisation within a certain instrument category or for all of the categories. Under "re-categorisation" and in our general business conditions “Dealing with Jyske Bank”, you can read which criteria must be met to apply for re-categorisation.

We have decided to divide financial instruments into three categories:

Basic

- consists mainly of the most often traded financial instruments:

• Bonds
• Shares
• Mutual fund units

Intermediate

- comprises financial instruments aimed at clients who need complex hedging of risk:

• Structured products (Bonds)
  • Structured products with close to full principal protection 
    • Jyske Bank’s products
  • Structured products with guaranteed minimum
    redemption price
    
• Futures
  • Futures traded in the market 
  • Futures traded with Jyske Bank as the counterparty
    
• Repos and reverse repos
• Certificates

• Forward contracts
  • Forward exchange contracts 
  • Forward contracts involving securities 
  • Forward commodity contracts 
     
• Options – plain vanilla 

• Swaps
  • Interest-rate swaps 
  • Currency swaps
     
• Hedge funds 
   
• Mortgage deeds
  • Guaranteed mortgage deeds
     
• Forward Rate Agreement
• ETF (Exchange Traded Fund)

Advanced

- comprises financial instruments aimed at clients who need highly specified hedging of risk:

• Derivatives
  • Exotic options 
  • Yield spread options
     
• Advanced interest rate swaps
  • Barrier swaps
  • Ratchet swaps
  • LIBOR swaps
  • CMS swaps 
  • Commodity swaps 
  • Cross asset swaps
     
• Other
  • CMOs/CBOs/CLOs