Page 730 - Large Business IRS Training Guides

Derivative Financial
Instruments

• Notional
principal contracts;

• Option contracts;

• Futures contracts;

• Forward contracts;

• Short positions in securities or
commodities; and

and short positions with respect to specified
• Forward contracts
commodities
are excepted to the extent the SFC identified, or could
the forward contract or the short position as a hedging
have identified,
transaction (within the meaning of
Treas. Reg. §1.1221-2(b)) with
respect
to one or more specified commodities held by the SFC.

• Any financial
instrument similar to the above.

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