Template:Nutshell Equity Derivatives 1.3

Section 1.3. An “Forward Transaction” means a transaction that is an OTC equity forward transaction relating to:

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

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

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

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