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Sunday, April 25, 2010

Regular way purchase or sale

Regular way purchase or sale is a purchase or sale of a financial asset under a contract whose terms require delivery of the asset within the time frame established generally by regulation or convention in the marketplace concerned.

Regular way purchase or sale is specifically discussed in IAS 39 Financial Instruments: Recognition and Measurement.

Source: Glossary of Terms of IFRSs as at 31 December 2008.