A non-derivative product is a financial product whose value or performance do not depend on the value or performance of another asset (underlying asset). A non-derivative product derives its value and performance solely from its own initial net investment and any corresponding elements (such as assets financed by such an product, or liabilities arising therefrom, etc.)

The main examples of non-derivative products include:

• Bonds.
• Loans.
• Stocks.
• Trade receivables and other receivables,
• Cash and cash equivalents.
• Long-term debt.