Read the full judgment text of HCCL 7/2010 on BabelCite. This HCCL judgment was delivered on 21 June 2012.
1. In a Forward Accumulator (FA) contract an investor agrees to buy a fixed number of shares on every trading day over a period of one year. The shares are purchased at a “strike price” which is set at a discount to the market price prevailing when the investor enters into the FA.
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