Stocks, bonds, short-term bills, etc. are not financial derivatives.

Financial derivatives transactions include warrant transactions, financial futures transactions, financial options transactions, convertible bond transactions, etc. Stock transactions are not financial derivatives transactions.

Basic financial products, also called native financial products, refer to contracts that can directly form financial assets or financial liabilities, including stocks, bonds, short-term bills, etc.

Derivative financial products, also called financial derivatives, are derivative financial products based on basic products or basic variables whose prices change with the price (or value) of the basic financial product, including forward contracts, Financial futures, options and swaps, etc.