Notional and Essential Characteristics of the World Financial Market

The article considers interpretations of the notion of the world financial market of domestic and foreign scientists, studies existing classification approaches and approaches to structuring the world financial market. It reveals the following main features of structuring: 1) dependence on national systems of monetary and credit regulation; 2) term of realisation and 3) type of a financial tool (financial asset). It offers an improved interpretation of the notion of a financial tool and reveals features of attribution of an economic phenomenon to a financial tool: 1) contract, security or any other form of fixation of contractual relations; 2) mandatory availability of minimum 2 parties: appearance or increase of an asset of one party and liability of the other party; 3) asset and liability are financial and not trade ones.