Template:Nutshell Equity Derivatives 1.3

1.3. An “Forward Transaction” means an OTC equity forward transaction:

(a) on a single index (an “Index Forward Transaction”);

(b) on a single security (a “Share Forward Transaction”);

(c) on a basket of indices (an “Index Basket Forward Transaction); or

(d) on a basket of securities (a “Share Basket Forward Transaction”).