When people first devise some new financial instrument it typically has trouble.

当某种金融工具刚被设计出来时,它通常会存在问题

耶鲁公开课 - 金融市场课程节选

A financial instrument is like an engineering device.

金融工具就像是,一种工程设备

耶鲁公开课 - 金融市场课程节选

However, as with anything that the financial industry can monetize via a hedge, a derivative or other financial instrument, you can now purchase cyber liability insurance.

FORBES: Do You Really Need Cyber Liability Insurance?

That said, a new version of a fashionable financial instrument may be a step too far.

ECONOMIST: The charge-sheet against commodity speculators is flimsy

The key to their strategy is a financial instrument called a contingent value right (CVR).

FORBES: Shadowy Shares: The Dark Side of Contingent Value Rights