Document ID: chunk:federal_register_of_legislation:F2024C01107:body:0:p18
Version: federal_register_of_legislation:F2024C01107
Segment Type: other
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Character Range: 48006–50955

instruction to amend or cancel a prior instruction to enter into a Derivatives Market Transaction; and
(c)        in relation to other financial products, an instruction to purchase or sell financial products, or an instruction to amend or cancel a prior instruction to purchase or sell financial products.

OTC Derivative means a Derivative which is not traded on an exchange.

Other Managed Fund means a managed fund:
(a)        that is not listed and quoted on a stock exchange (and in Australia is registered as a managed investment scheme under the Corporations Act); or
(b)       that is listed and quoted on a stock exchange but does not satisfy all of the requirements of a Classical ETF or Hybrid ETF.

Other Regulated Entities means entities prescribed by regulations made for the purposes of paragraph 798H(1)(c) of the Corporations Act, that must comply with these Rules.

Participant, in relation to a Market, means a person who is allowed to directly participate in the Market under the operating rules of the Market other than as a recognised affiliate.

Position Risk Factors are the percentages applied to principal positions as specified in Tables A5.1.1, A5.1.2, A5.1.7 and A5.1.8 of Annexure 5 to Schedule 1A.

Position Risk Requirement is the absolute sum of the position risk amounts for a Market Participant's:
(a)        Equity and Equity Derivative positions calculated in accordance with Parts A3.1 to A3.9 of Annexure 3 to Schedule 1A;
(b)       Debt Instrument and Debt Derivative positions calculated in accordance with Parts A3.10 to A3.17 of Annexure 3 to Schedule 1A;
(c)        Foreign Exchange and Foreign Exchange Derivative positions calculated in accordance with Parts A3.18 to A3.22 of Annexure 3 to Schedule 1A; and
(d)       Commodity and Commodity Derivative positions calculated in accordance with Parts A3.23 to A3.28 of Annexure 3 to Schedule 1A.

Positive Credit Exposure means an exposure to a Counterparty such that if the Counterparty were to default on its obligations under:
(a)        an individual transaction; or
(b)       to the extent allowed by Schedule 1A, a group of transactions, contracts, arrangements or agreements,

the Market Participant may incur a financial loss.
Preference Share means a preference share that is redeemable solely at the request of the Market Participant.
Pre-Commencement Market Integrity Rules means any of the following:
 1.         the ASIC Market Integrity Rules (APX Market-Capital) 2014;
 1.        the ASIC Market Integrity Rules (ASX Market-Capital) 2014;
(c)        the ASIC Market Integrity Rules (Chi-X Australia Market-Capital) 2014; and
(d)       the ASIC Market Integrity Rules (Securities Markets-Capital) 2017.
Primary Margin Requirement means the amount which a Market Participant lodges or is notionally required to lodge as a deposit to cover potential daily worse case price movements in the relevant market, lodged in accordance with the rules