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short position "short position"- (a) in relation to an eligible delivery agreement, or in relation to a futures contract that is an eligible delivery agreement, means the position of a person who, because of the agreement, is under an obligation to make delivery in accordance with the agreement; (b) in relation to a futures contract that is an adjustment agreement, means the position of a person who, because of the agreement- (i) will, if the value or worth of the agreement (as determined in accordance with the agreement) as at a particular future time is greater by a particular amount than the value or worth of the agreement (as so determined) as at a particular earlier time, be under an obligation to pay that amount; and (ii) will, if the value or worth of the agreement (as so determined) as at a particular future time is less by a particular amount than the value or worth of the agreement (as so determined) as at a particular earlier time, have a right to receive that amount; or (c) in any other case, has such meaning as may be prescribed;
ACT 499 - FUTURES INDUSTRY ACT 1993
2. Interpretation. |
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short position "short position" means — (a) in relation to an eligible exchange-traded option, the position of the person against whom the right or option, referred to in the definition of "eligible exchange-traded option’s in the Act, Is exercisable; or [Am. PU(A) 150/97]. (b) in relation to a futures option, the position of the person against whom the option or right, referred to in the definition of "futures option" in the Act, is exercisable.
PU(A) 413/1995 - FUTURES INDUSTRY REGULATIONS 1995
2. Interpretation. |
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short position "short position"- (a) in relation to an eligible delivery agreement, or in relation to a futures contract that is an eligible delivery agreement, means the position of a person who, because of the agreement, is under an obligation to make delivery in accordance with the agreement; (b) in relation to a futures contract that is an adjustment agreement, means the position of a person who, because of the agreement- (i) will, if the value or worth of the agreement (as determined in accordance with the agreement) as at a particular future time is greater by a particular amount than the value or worth of the agreement (as so determined) as at a particular earlier time, be under an obligation to pay that amount; and (ii) will, if the value or worth of the agreement (as so determined) as at a particular future time is less by a particular amount than the value or worth of the agreement (as so determined) as at a particular earlier time, have a right to receive that amount; or (c) in any other case, has such meaning as may be prescribed;
ACT 499 - FUTURES INDUSTRY ACT 1993 [Repealed By Capital Market & Services Act 2007] [Act 671]
2. Interpretation. |