Question
What does the term "derivative" include according to
SCRA?Solution
Section 2 Definitions: (ac)] derivative includes-- (A) a security derived from a debt instrument, share, loan, whether secured or unsecured, risk instrument or contract for differences or any other form of security; (B) a contact which derives its value from the prices, or index of prices, of underlying securities;] 4[(C) commodity derivatives; and (D) such other instruments as may be declared by the Central Government to be derivatives
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