Abstract:

Treasury securities are a cumulative category of securities that is created by various types of financial instruments. From the point of view of this article, the most appropriate criterion for the division of state securities will be the criterion of their redemption. In the above context, it is worth to point out that treasury securities are divided into two groups. The legislator referring to the classical for financial science division of financial instruments into financial instruments specific to the money market (with maturity up to one year - up to 364 days inclusive) and to financial instruments characteristic of the capital market (with a maturity of at least year - at least 365 days).