<Li> Financial assets with fixed or with determinable payments and fixed maturity which the company has to be willing and able to hold till maturity are classified as "held - to - maturity" investments . Held - to - maturity investments are either measured at fair value through profit or loss by designation, or determined to be financial assets available for sale by designation . </Li> <Li> Financial assets with fixed or determinable payments which are not listed in an active market are considered to be "loans and receivables". Loans and receivables are also either measured at fair value through profit or loss by designation or determined to be financial assets available for sale by designation . </Li> <Li> All other financial assets are categorized as financial assets "available for sale" and are measured at fair value through profit or loss by designation . </Li> <P> For financial assets to be measured at fair value through profit or loss by designation, designation is only possible at the amount the asset was initially recognized at . Moreover, designation is not possible for equity instruments which are not traded in an active market and the fair value of which cannot be reliably determined . Further (alternative) requirements for designation are e.g. at least a clear diminution of a "mismatch" with other financial assets or liabilities, an internal valuation and reporting and steering at fair value, or a combined contract with an embedded derivative which is not immaterial and which may be separated . Regarding financial assets available for sale by designation, designation is only possible at the amount the asset was initially recognized at as well . However, there are no further restrictions or requirements . </P>

Classify financial assets and bring out their features