Commodity derivative definition expanded; 'option in goods' added and settlement-strike difference included for specified commodity transactions. Amendment broadens the definition of commodity derivative to include derivatives based on prices or indices of commodity derivatives, inserts 'option in goods' alongside option-on-derivative language, revises serial-number cross-references in related sub-clauses, and adds a provision treating the difference between settlement price and strike price as the relevant value for the newly referenced transaction entry in the Table to the value provisions.
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Commodity derivative definition expanded; 'option in goods' added and settlement-strike difference included for specified commodity transactions.
Amendment broadens the definition of commodity derivative to include derivatives based on prices or indices of commodity derivatives, inserts "option in goods" alongside option-on-derivative language, revises serial-number cross-references in related sub-clauses, and adds a provision treating the difference between settlement price and strike price as the relevant value for the newly referenced transaction entry in the Table to the value provisions.
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