Section 1020B Products
Definition
Financial products subject to the naked short selling prohibition under section 1020B of the Corporations Act 2001. Includes shares, debentures, and other financial products traded on licensed markets like the ASX. Sellers must have a presently exercisable right to vest these products before selling short.
Related Terms
Corporations Act 2001
The primary Australian legislation governing short selling. Key sections include s1020B (prohibiting naked short selling), s1020AB (short sale transaction reporting to ASX), and s1020AC (net short position reporting to ASIC). It establishes the legal framework for covered short selling and disclosure obligations.
Short Selling
A trading strategy where an investor borrows shares and sells them, hoping to buy them back at a lower price. The investor profits if the stock price falls and loses money if it rises.
ASIC
The Australian Securities and Investments Commission - Australia's corporate regulator. ASIC collects and publishes aggregated short position reports from market participants.
See short selling in action
Explore real-time ASIC short position data for ASX stocks.