Security with a short maturity. Classical money market instruments in Switzerland are domestic (Swiss) bills of exchange, Treasury bills and Treasury notes issued by the Confederation and so-called federal rescriptions. Of particular importance for short-term investments abroad are US money market instruments or paper, usually with terms of 3 to 6 months (Treasury bills, banker's acceptances, commercial paper, finance paper and certificates of deposit issued in New York, as well as London certificates of deposit).