eligible delivery agreement "eligible delivery agreement" means an agreement that is one of two or more standardised agreements the effect of which is that a person is under an obligation to make or accept delivery at a particular future time of a particular quantity of a particular instrument- (a) for a particular price; or (b) for a price to be calculated in a particular manner, whether or not- (aa) the subject-matter of the agreement is in existence; or (bb) the agreement is capable of being varied or discharged before that future time, and in respect of which it appears likely at the relevant time, having regard to all relevant circumstances, that- (aaa) the obligation of the person in the short position to make delivery will be discharged except by the person making delivery; (bbb) the obligation of the person in the long position to accept delivery will be discharged except by the person accepting delivery; or (ccc) the person in the short position, or long position, will assume an offsetting long position, or offsetting short position, as the case may be, under another agreement of the same kind; ACT 499 - FUTURES INDUSTRY ACT 1993 2. Interpretation.
eligible delivery agreement "eligible delivery agreement" means an agreement that is one of two or more standardised agreements the effect of which is that a person is under an obligation to make or accept delivery at a particular future time of a particular quantity of a particular instrument- (a) for a particular price; or (b) for a price to be calculated in a particular manner, whether or not- (i) the subject matter of the agreement is in existence; or (ii) the agreement is capable of being varied or discharged before that future time, and in respect of which it appears likely at the relevant time, having regard to all relevant circumstances, that- (A) the obligation of the person in the short position to make delivery will be discharged except by the person making the delivery; (B) the obligation of the person in the long position to accept delivery will be discharged except by the person accepting the delivery; or (C) the person in the short position or long position will assume an offsetting long position or offsetting short position, as the case may be, under another agreement of the same kind; ACT 671 - CAPITAL MARKETS AND SERVICES ACT 2007 2. Interpretation.
eligible delivery agreement "eligible delivery agreement" means an agreement that is one of two or more standardised agreements the effect of which is that a person is under an obligation to make or accept delivery at a particular future time of a particular quantity of a particular instrument- (a) for a particular price; or (b) for a price to be calculated in a particular manner, whether or not- (aa) the subject-matter of the agreement is in existence; or (bb) the agreement is capable of being varied or discharged before that future time, and in respect of which it appears likely at the relevant time, having regard to all relevant circumstances, that- (aaa) the obligation of the person in the short position to make delivery will be discharged except by the person making delivery; (bbb) the obligation of the person in the long position to accept delivery will be discharged except by the person accepting delivery; or (ccc) the person in the short position, or long position, will assume an offsetting long position, or offsetting short position, as the case may be, under another agreement of the same kind; ACT 499 - FUTURES INDUSTRY ACT 1993 [Repealed By Capital Market & Services Act 2007] [Act 671] 2. Interpretation.