Narrow-Based Security Index: In general, the Commodity Exchange Act defines a narrow-based security index as an index of securities that meets one of the following four requirements (1) it has nine or fewer components; (2) one component comprises more than 30 percent of the index weighting; (3) the five highest weighted components comprise more than 60 percent of the index weighting, or (4) the lowest weighted components comprising in the aggregate 25 percent of the index’s weighting have A futures contract on an index that meets the definition of a narrow-based security index is a security future. A futures contract on an index that does not meet the definition of a narrow-based security index is a futures contract on a broad-based security index. 2. Joint Order Excluding from the Definition of Narrow-Based Security Index those Security Indexes that Qualified for the Exclusion from that Definition under Section 1a(25)(B)(v) of the Commodity Exchange Act and Section 3(a)(55)(C)(v) of the Securities Exchange Act of 1934. Narrow-Based Stock Index Futures shall be based on such indices consisting of two or more underlying securities, which satisfy the requirements set forth in CFTC Regulation 41.21(b), as determined by the Exchange.
Security futures products (SFP) are futures whose underlying instrument is either a single security or a narrow-based security index. SFPs are considered both a 23 Nov 2009 Futures contracts on single securities and on narrow-based security The statutory definition of the term “narrow-based security index” is
privilege on any security, certificate of deposit, or group or index of securities ( including any narrow-based indices of such securities were prohibited. The SEC 4 Jul 2019 A security future is a futures contract on a single security or on a narrow-based security index. Because the current SRO required margin levels 27 Aug 2012 In general, a securities-based swap is an agreement that is based on (i) an index that is a narrow-based security index, including any interest
15 Jan 2015 (C) 1 of 675 securities with the largest dollar value of trading volume that day. (b) An index that is not a narrow-based security index for the first 30 12 Aug 2015 An SB swap is defined as a “swap” (as defined under the Commodity Exchange Act Section 1a) that is on a narrow-based security index, 2014年4月25日 有価証券関連以外のスワップ取引」（non security-based swap (i) 主として限定的な 有価証券指数 (narrow-based security index) に基づくもの（そこ 6 Nov 2012 Single stock futures contracts and futures on narrow-based stock indices. (“ security futures”), are subject to regulation as both securities and 24 Jun 2012 (I)an index that is a narrow-based security index, including any ples—“a swap on an index of securities that is not a narrow-based se-. 26 May 2011 whether an index is a "narrow-based security index,,3, one of the concepts used in the Dodd-Frank Act to distinguish between swaps and (4) Commodity-based indexes based wholly or principally on underlying Meaning of “issuers of securities in a narrow-based security index” as used in the
Notwithstanding 240.3a68-3(a), and solely for purposes of determining whether a credit default swap is a security-based swap under section 3(a)(68)(A)(ii)(I) of the Act (15 U.S.C. 78c(a)(68)(A)(ii)(I)), the term narrow-based security index as used in section 3(a)(68)(A)(ii)(I) of the Act means an index in which: (1) (i) The index is composed of nine or fewer securities or securities that are issued by nine or fewer non-affiliated issuers, provided that a security shall not be deemed a