Document ID: chunk:federal_register_of_legislation:F2022C00868:reg:3:p2
Version: federal_register_of_legislation:F2022C00868
Segment Type: reg
Provision Reference: reg 3 (pt 2/3)
Character Range: 131349–135102

index level x delta, if appropriate
Interest rate option                                          Notional contract value x delta
Warrant and Rights                                            Number of shares/bonds x market value of underlying referenced instrument x delta
Futures
Bond future                                                   Notional contract size x market price of the cheapest‑to‑deliver reference bond
Currency future                                               Number of contracts x notional contract size
Equity future                                                 Notional contract size x market price of underlying equity transferable security
Index future                                                  Notional contract size x index level
Interest rate future                                          Number of contracts x notional contract size
Commodity future                                              Notional contract size x market price of underlying commodity
Swaps
Contract for differences                                      Number of shares/bonds x market value of underlying referenced instrument
Credit default swap                                           Protection buyer: market value of the underlying reference asset
                                                              Protection seller: the higher of the market value of the underlying reference asset or the notional value of the credit default swap
Currency swap                                                 Notional value of foreign currency leg(s)
Interest rate swap                                            Market value of underlying (the notional value of the fixed leg may also be applied)
Total return swap                                             Market value of underlying reference asset(s)
Forwards
Forward rate agreement                                        Notional value
FX forward                                                    Notional value of foreign currency leg(s)

 (4) For this Appendix, delta means the proportionate amount that the operator reasonably believes the value of the derivative to the passport fund would fall if there was a marginal adverse change in the amount of the underlying for that derivative.
 (5) For this Appendix all values are to be calculated in the currency of the home economy for the passport fund by applying the exchange rate reasonably determined by the operator.

Endnotes

Endnote 1—About the endnotes
The endnotes provide information about this compilation and the compiled law.
The following endnotes are included in every compilation:
Endnote 1—About the endnotes
Endnote 2—Abbreviation key
Endnote 3—Legislation history
Endnote 4—Amendment history

Abbreviation key—Endnote 2
The abbreviation key sets out abbreviations that may be used in the endnotes.
Legislation history and amendment history—Endnotes 3 and 4
Amending laws are annotated in the legislation history and amendment history.
The legislation history in endnote 3 provides information about each law that has amended (or will amend) the compiled law. The information includes commencement details for amending laws and details of any application, saving or transitional provisions that are not included in this compilation.
The amendment history in endnote 4 provides information about amendments at the provision (generally section or equivalent) level. It also includes information about any provision of the compiled law that has been repealed in accordance with a provision of the law.
Misdescribed amendments
A misdescribed amendment is an amendment that does not accurately describe the amendment to be made. If, despite the misdescription, the amendment can be given effect as intended,