Document ID: chunk:federal_register_of_legislation:F2024C01135:front:0:p4
Version: federal_register_of_legislation:F2024C01135
Segment Type: other
Provision Reference: 
Character Range: 8618–11405

to (4).
Multilateral Portfolio Compression Cycle has the meaning given by subrule 2.1.5(2).
Opt-In Australian Clearing Entity has the meaning given by paragraphs 1.2.8(4)(a) and 1.2.8(5)(a).
Opt-In Clearing Entity means an Opt-In Australian Clearing Entity or an Opt-In Foreign Clearing Entity.
Opt-In Foreign Clearing Entity has the meaning given by paragraphs 1.2.8(4)(b) and 1.2.8(5)(b).
Overnight Index Swap means a Swap under which:
(a)        the payments for one leg are determined by reference to, or derived from, a fixed rate and a notional principal amount; and
(b)       the payments for the other leg are determined by reference to, or derived from, a floating rate based on a daily overnight rate and the same notional principal amount.
OTC Derivative has the meaning given by rule 1.2.4 of the Reporting Rules.
Personal Capacity, in relation to an entity, means the entity acting in a capacity that is not a Representative Capacity.
Prescribed CS Facility means a facility that is, or that is in a class of facilities that is, prescribed by regulations made for the purposes of paragraph 901A(7)(b) of the Act.
Note: See regulation 7.5A.63 of the Regulations.
Regulations means the Corporations Regulations 2001.
Reporting Rules means the ASIC Derivative Transaction Rules (Reporting) 2024.
Representative Capacity, in relation to an entity, means the entity acting in a capacity as the responsible entity for a registered scheme, or as the trustee of a trust.
Rules means these ASIC Derivative Transaction Rules (Clearing) 2015.
Swap means a Derivative between two parties under which:
(a)        one party (Party A) is required to make one or more payments (payments for the first leg) to the other party (Party B); and
(b)       Party B is required to make one or more payments (payments for the second leg) to Party A;
and includes a Derivative where some or all of those payments are netted against one another.
total gross notional outstanding positions has a meaning affected by Rule 1.2.6.
Note 1: Words and expressions defined in the Act have the same meaning in these Rules unless otherwise defined or specified in these Rules or the contrary intention appears: paragraph 13(1)(b) of the Legislative Instruments Act 2003.
Note 2: For convenience, some words and expressions defined in the Act are defined in the same way in this Rule.

1.2.2  References to entity acting in a capacity
In these Rules, unless the contrary intention appears, a reference to an entity acting in a capacity or acting in a particular capacity where the capacity is not specified is a reference to the entity acting in its Personal Capacity or in a Representative Capacity.

1.2.3 Meaning of Clearing Derivative
(1) Subject to subrules (6) to (7), a Derivative is a Clearing Derivative