business operation in the category of derivatives broker; “futures” means a contract trading on the derivatives exchange with any one or more of the following characteristics: (1) a contract in which a party
other party who is obliged to make payment for such goods at a given time in the future according to the amount and price as specified in the contract which is entered into outside the derivatives
which this Notification comes into force. (2) In case of holding derivatives position, the derivatives broker may continue the holding for the remaining period and shall not extend or renew such contract
remaining balance of the margin of customer, marked to market, with respect to the derivatives contract; (2) the amount and type of asset exceeding the amount of the maintenance margin. Clause 6 A derivatives
liabilities; 1. subordinated liabilities being unsecured which has the remaining the maturity period more than 1 year as from the calculating date, and has not determined the condition to repay before the
. subordinated liabilities being unsecured which have the remaining maturity period of more than one year as from the calculating date, and have not determined the condition to repay before the maturity date
. 4. Investments in securities An investment in debt instrument means an investment in a contract showing that the instrument issuer has both directly and indirectly obligation to pay cash or other
calculated, the net asset value as of the last day of each month shall be averaged out instead. Clause 13 A derivatives selling agent licensee shall pay a fee at the rate of 10 satang per contract, calculated
approval of the Cabinet. “derivatives” means a contract having one or any combination of the following characteristics: (1) a contract in which one party is obliged to deliver goods as specified in the
client upon making delivery according to such client’s derivatives positions; (5) remaining cash from a sale of a client’s securities held under the name of a derivatives broker due to the client’s default