460

NEW ZEALAND GAZETTE

No. 22

NYCE)
Finnish Options Market Exchange and Clearing House (FOM)
Guarantee Fund for Danish Futures & Options (FUTOP)
Hokkaido Grain Exchange
Hong Kong Futures Exchange Ltd (HKFE)
Index & Options Market (IOM—a division of CME)
International Monetary Market (IMM—a division of CME)
International Petroleum Exchange (IPE)
Irish Futures & Options Exchange
Kansas City Board of Trade (KCBT)
Kobe Raw Silk Exchange
Kobe Rubber Exchange
Kuala Lumpur Commodity Exchange
Kuala Lumpur Options & Financial Futures Exchange (KLOFFE)
London Futures & Options Exchange (London Fox)
London International Financial Futures Exchange (LIFFE)
London Metal Exchange (LME) Exchange (CBOE)
Maebashi Dried Cocoon Exchange
Manila International Futures Exchange
Marche a Terme International de France (MATIF)
Marche des Options Negociables de Paris (MONEP)
Meff Renta Fila
Meff Renta Venable
Mercado de Futuros y Opciones S.A (Merfox)
Mid America Commodity Exchange (MidAm)
Minneapolis Grain Exchange
Montreal Exchange
Nagoya Textile Exchange
New York Coffee Sugar & Cocoa Exchange (CSCE)
New York Cotton Exchange (NYCE)
New York Futures Exchange (NYFE)
New York Mercantile Exchange (NYMEX)
New York Stock Exchange (NYSE)
OM London Ltd
OM Stockholm Ltd
Osaka Grain Exchange
Osaka Securities Exchange (OSE)
Osaka Sugar Exchange
Osaka Textile Exchange
Osterreichische Termin Und Optionenbourse (OTOB)
Pacific Stock Exchange (PSE)
Philadelphia Board of Trade (PBOT)
Philadelphia Stock Exchange (PHLX)
Singapore International Monetary Exchange (SIMEX)
South African Futures Exchange (SAFEX)
Swiss Options & Financial Futures Exchange AG (SOFFEX)
Sydney Futures Exchange (SFE)
Tokyo Commodity Exchange
Tokyo Grain Exchange
Tokyo International Financial Futures Exchange (TIFFE)
Tokyo Stock Exchange
Tokyo Sugar Exchange
Toronto Futures Exchange
Toyahashi Dried Cocoon Exchange
Vancouver Stock Exchange
Winnipeg Commodity Exchange
Yokahama Raw Silk Exchange.

(4) The following sources of information for futures and options prices are approved in relation to Futures Contracts or Option Contracts traded on the New Zealand Futures & Options Exchange:

(a) For New Zealand Dealers—the Statement of Open Position provided by a New Zealand Dealer.

(b) For persons other than New Zealand Dealers—advice as to the price for a Futures Contract or Option Contract given to that person by a New Zealand Dealer, which price shall be obtained from a source approved in paragraph 6 (4) (a) of this determination.

(5) The following sources of information for futures and options prices are approved in relation to Futures Contracts or Option Contracts traded on foreign markets:

(a) A Subscriber Screen Broadcast that quotes prices for Futures Contracts or Option Contracts;

(b) Where a person does not have access to a Subscriber Screen Broadcast, advice as to the price of a Futures Contract or Option Contract from a member of the exchange at which the contract is traded. The price shall be derived from a source approved in paragraph 6 (5) (a) of this determination, and shall be the price at which the member would buy or sell the Futures Contract or Option Contract.

(6) (a) Where, for the purposes of determining the income or expenditure of a person in respect of a financial arrangement, it is necessary to determine the price for a Futures Contract or Option Contract at the end of an Income Year the price for that contract in the market in which it is traded on the same exchange, as advised by an approved source of information (in respect of that exchange), at the close of trading on the last permitted day for trading in the person’s Income Year. If the relevant contract has not been traded on that day, the price shall be the closing call price as determined by the relevant exchange’s clearing house, or the exchange, for margin purposes at the end of that day.

(b) Where, for the purposes of determining income or expenditure of a person in respect of a financial arrangement, it is necessary to determine in New Zealand dollar value of the futures or option contract at the end of the Income Year, the spot rate for the currency in which the Futures Contract or Option Contract is quoted shall be ascertained in accordance with Determination G5D: Foreign Currency Rates, and used to convert the value of the Futures Contract or Option Contract to New Zealand dollars.

Example:

(1) The Statement of Open Position referred to in paragraph 6 (4) (a) of this determination will generally set out information relevant to the particular Futures Contract or Option Contract, including delivery month, number bought and number sold. The following are illustrative examples of advice as to the market price of Futures Contracts and Option Contracts which may be obtained from the New Zealand futures and options market’s clearing house by New Zealand Dealers who subscribe to an optional “brokers package” system: