1401006 Informal Interpretation
… 1401006 Informal Interpretation 1401006 Informal Interpretation From: … ownership but limited to a call option. Assume that the jurisdictional tests are satisfied. An investor plans to … arms- length transact i on under standard terms , i . e . , the investor would not d i rect the investment or hedging …
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Rule
801.1(c)
Here is our current position on swaps: Various scenarios involving swaps: .Cash settled swaps are never a problem because the investor never receives any stock. He is essentially making a cash bet on...
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