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close out "close out", in relation to a futures contract, means to discharge the obligations of a person in the long position or short position under a futures contract and shall include the discharge of these obligations as a result of the matching up of the futures contract with a futures contract of the same kind under which the person has assumed an offsetting short position or offsetting long position, as the case may be;
ACT 499 - FUTURES INDUSTRY ACT 1993
2. Interpretation. |
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close out "close out", in relation to a futures contract, means to discharge the obligations of a person in the long position or short position under a futures contract and shall include the discharge of these obligations as a result of the matching up of the futures contract with a futures contract of the same kind under which the person has assumed an offsetting short position or offsetting long position, as the case may be;
ACT 499 - FUTURES INDUSTRY ACT 1993 [Repealed By Capital Market & Services Act 2007] [Act 671]
2. Interpretation. |
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close out "close out", in relation to a derivative, means to discharge the obligations of a person in the long position or short position under a derivative and shall include the discharge of these obligations as a result of the matching up of the derivative with a derivative of the same kind under which the person has assumed an offsetting short position or offsetting long position, as the case may be; [Gen. Am. by Act A1406:s.2; Schedule]
ACT 671 - CAPITAL MARKETS AND SERVICES ACT 2007
2. Interpretation. |