Document ID: chunk:federal_register_of_legislation:F2024C01107:body:0:p56
Version: federal_register_of_legislation:F2024C01107
Segment Type: other
Provision Reference: 
Character Range: 150784–155105

Warrants                                                                                                    The ordinary shares underlying the exchange traded Warrant, as published by an information source.
Exchange traded convertible notes that are treated as an Equity position for the purposes of the position risk calculation  Ordinary shares on issue, as published by an information source.
Classical ETF (which is broken down into its constituent positions)                                                         Ordinary shares on issue for each company in the stock index on which the Classical ETF is based, as published by an information source.
Futures or forward contracts over ordinary shares                                                                           The ordinary shares underlying the Futures or forward contracts, as published by an information source.
Ordinary shares or Preference shares (depends on underlying)                                                                Over the counter (OTC) Options over physical shares                                                                                       The ordinary shares or Preference Shares (as applicable) underlying the OTC Option, as published by an information source.
Equity Swap                                                                                                                 The ordinary shares or Preference Shares (as applicable) underlying the Equity Swap, as published by an information source.
Preference shares                                                                                                           Preference Shares                                                                                                                         Preference Shares on issue, as published by an information source.
                                                                                                                                                                                                                                                                      Where a company has issued more than one series of Preference Shares, each series should be considered to be a separate "individual issue" (for example, ABC 7% Preference Shares and ABC 7.1% Preference Shares need to be considered separately).
Company issued option series                                                                                                Company issued Options                                                                                                                    Company issued Option "series", as published by an information source.
                                                                                                                                                                                                                                                                      Each company Option "series" will have different terms and conditions (for example, if ABC has issued company Options expiring on 31/1/05 with a strike of $1 as well as company Options expiring on 31/3/05 with a strike of $1, these are two different "series" and need to be considered separately).

A2.3.2 Debt method
(1) A Market Participant's issuer large exposure risk amount in relation to an issuer is the greater of the following amounts:
(a)        the risk amount calculated by comparing the Debt Net Position to Liquid Capital under subrule (3); and
(b)       the risk amount/s calculated by comparing the Debt Net Position to the issue/s under subrule (4).
(2) In calculating the issuer large exposure risk amount under this method:
(a)        an individual issue refers to an individual series or tranche of an individual series issued by an individual issuer;
(b)       long and short positions may be offset across series for the purposes of determining large exposure to an issuer; and
(c)        a large exposure to an individual issuer is the sum of all series issued by that issuer.
(3) If the absolute value of a Debt Net Position to an issuer is greater than 25% of the Market Participant's Liquid Capital, the risk amount is:
(a)        the relevant standard method Position Risk Factor specified in Table A5.1.2 in Annexure 5 to Schedule 1A multiplied