Document ID: chunk:federal_register_of_legislation:F2024L00195:reg:15
Version: federal_register_of_legislation:F2024L00195
Segment Type: reg
Provision Reference: reg 15
Character Range: 14219–14920

15  Definition of derivative
  For the purposes of paragraph (b) of the definition of derivative in Schedule 1 to the Act, something is prescribed if any of paragraphs 6(2)(a) to (h) of the Payment Systems and Netting Regulations 2001 apply to an obligation under that thing.
Note: Paragraphs 6(2)(a) to (h) of the Payment Systems and Netting Regulations 2001 identifies obligations that are not eligible obligations in relation to a close‑out netting contract. These include obligations under credit facilities, reciprocal purchase agreements (otherwise known as repurchase agreements), sell‑buyback arrangements, securities loan arrangements, contracts of insurance and managed investment schemes.