Cumulative gross exposure in ETCDs clarified: specified short positions excluded; mutual funds barred from writing options. Specifies that, for calculating cumulative gross exposure in Exchange Traded Commodity Derivatives (ETCDs), short positions up to the quantity of underlying goods received in physical settlement and short positions up to the long position in the same goods shall be excluded; additionally mutual funds are prohibited from writing options or purchasing instruments with embedded written options in goods or on commodity futures.
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Provisions expressly mentioned in the judgment/order text.
Cumulative gross exposure in ETCDs clarified: specified short positions excluded; mutual funds barred from writing options.
Specifies that, for calculating cumulative gross exposure in Exchange Traded Commodity Derivatives (ETCDs), short positions up to the quantity of underlying goods received in physical settlement and short positions up to the long position in the same goods shall be excluded; additionally mutual funds are prohibited from writing options or purchasing instruments with embedded written options in goods or on commodity futures.
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