EEFC account hedging permitted, but sold-forward balances must remain earmarked for delivery; contracts may be rolled over. EEFC account balances can be hedged. Balances sold forward by account holders must remain earmarked for delivery to satisfy the forward obligation, but forward contracts may be rolled over to continue the hedging arrangement.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
EEFC account hedging permitted, but sold-forward balances must remain earmarked for delivery; contracts may be rolled over.
EEFC account balances can be hedged. Balances sold forward by account holders must remain earmarked for delivery to satisfy the forward obligation, but forward contracts may be rolled over to continue the hedging arrangement.
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