market contract

3a market contract as described in section 155 of the Companies Act 1989 or article 80 of the Companies (No2) (Northern Ireland) Order 1990 which is in summary:

1. (a) a contract entered into by a member or designated non-member of an RIE which is either:
   1. (i) a contract made on the exchange or an exchange to whose undertaking the exchange has succeeded; or
   2. (ii) a contract in the making of which the member or62 designated non-member 62 was subject to the rules of the exchange or of an exchange to whose undertaking the exchange has succeeded;
2. (b) a contract entered into by an RIE or RCH , in its capacity as such, 62with one of its members, or with an RCH or with an RIE, for the purpose of:6262
   1. (i) enabling the rights and liabilities of that member, or clearing house or other investment exchange, under a transaction, to be settled; or62
   2. (ii) providing central counterparty clearing services (as described in section 155(3A) of the Companies Act 1989) to that member or clearing house or other investment exchange.62