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Article 4 – Asset-class specific criteria for package orders consisting exclusively of credit derivatives ⬅️ | ➡️ Article 6 – Entry into force and application
Article 5 - Asset-class specific criteria for package orders consisting exclusively of commodity derivatives
The asset-class specific criteria referred to in Article 1(b)(iv) for package orders consisting exclusively of commodity derivative as referred to in Section 7 of Annex III to Delegated Regulation (EU) 2017/583 shall be the following:
(a)
the package order has no more than two components;
(b)
all components of the package order are commodity derivative futures as referred to in Section 7 of Annex III to Delegated Regulation (EU) 2017/583;
(c)
all components of the package order have the same underlying commodity defined at the most granular level as specified in Table 2 of the Annex to Commission Delegated Regulation (EU) 2017/585
;
(d)
all components of the package order are denominated in the same notional currency of either EUR, USD or GBP;
(e)
the package order replaces a position in a contract that is nearest to expiry with a position in a contract expiring at the next maturity date.