# Non-Deliverable Asset

**IRI:** https://folio.openlegalstandard.org/RC3dl9vmBgaZ6Ywk4RCTN7r

## Labels

**Preferred Label:** Non-Deliverable Financial Instruments

**Alternative Labels:**

- Non-Deliverable Instruments
- Synthetic Instruments

## Definition

Non-Deliverable Assets are financial instruments for which physical delivery of the underlying asset is not permitted or feasible. These assets often involve synthetic options or forwards on foreign exchange (FX) rates for non-convertible or thinly traded currencies.

## Sub Class Of

- https://folio.openlegalstandard.org/RCSx31xBISrYHFCYIgupzdB

**Deprecated:** False