to the initial issuance of any security described in subparagraph (A), (B), or (C) of subsection (e)(1). (B) Exception for certain traded short-term indebtedness A note, bond, debenture, or other evidence of indebtedness which— (i) is traded on, or is subject to the rules of, a qualified board or exchange located in the United States, and (ii) has a fixed maturity of not more than 100 days, shall not be treated as described in subsection (e)(1)(C). (e) Definitions For purposes of this section— (1) Security The term security means— (A) any share of stock in a corporation, (B) any partnership or beneficial ownership interest in a partnership or trust, (C) any note, bond, debenture, or other evidence of indebtedness, and (D) any derivative. (2) Derivative (A) In general The term derivative means any contract (including any option, forward contract, futures contract, short position, swap, or similar contract) the value of which, or any payment or other transfer with respect to which, is (directly or indirectly) determined by reference to one or more of the following: (i) Any security described in subparagraph (A), (B), or (C) of paragraph (1). (ii) Any commodity which is actively traded (within the meaning of section 1092(d)(1)). (iii) Any currency. (iv) Any rate, price, amount, index, formula, or algorithm. (v) Any other item as the Secretary may prescribe. Such term shall not include any item described in clauses (i) through (v). (B) Exceptions from treatment as derivatives (i) Securities lending, sale-repurchase, and similar financing transactions To the extent provided by the Secretary, the term derivative shall not include the right to the return of the same or substantially identical securities transferred in a securities lending transaction, sale-repurchase transaction, or similar financing transaction. (ii) Insurance contracts, annuities, and endowments The term derivative shall not include any insurance, annuity, or endowment contract issued by an insurance company to which subchapter L applies (or issued