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Financial Sector (Collection of Data) (reporting standard) determination No. 10 of 2021

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Futures

Reporting of net transactions and revaluations are to be reported on a net basis when the financial instrument is a future. Futures should be reported only in item 9.

Futures are exchange-traded forward contracts. They have the following unique features:

they have a value of zero for the opening and closing positions as they are fully margined (or settled) daily to square off any mark to market changes;
a reporting institution can have several contracts during a period with the exchange that are settled on a net basis.

Part Futures - Financial Sector (Collection of Data) (reporting standard) determination No. 10 of 2021 - Futures | Zoe