Document ID: chunk:federal_register_of_legislation:C2010C00578:clause:1_26
Version: federal_register_of_legislation:C2010C00578
Segment Type: clause
Provision Reference: sch 1 cl 26
Character Range: 31652–32267

26  Subsection 995‑1(1)
Insert:

borrowed securities amount of an entity at a particular time means the total of the liabilities of the entity, to the extent that they meet these conditions:
 (a) the value of the liability at that time is worked out by reference to the value at that time of securities that the entity has short sold;
 (b) as at that time, the entity has settled the sale using securities it acquired under one or more of these *arrangements:
 (i) a reciprocal purchase agreement (otherwise known as a repurchase agreement);
 (ii) a sell‑buyback arrangement;
 (iii) a securities loan arrangement.