Entire section Custom print Link Text Only Rich Text Print
  Versions

 

MIR-B.2.20 [Version up to 30 June 2016]

"Position" in relation to a securities or futures contract, means a securities or futures contract which is outstanding and which has not been liquidated:

(a) By an off-setting transaction;
(b) By delivery of the securities or the commodity (or any other asset class) underlying the futures contract;
(c) Through settlement of the securities or futures contract in accordance with the business rules or practices of a securities or futures contracts, as the case may be; or
(d) By substituting the futures contract for a cash commodity.
Adopted January 2010