For the purposes of this Regulation, the following definitions shall apply:

1. "package transaction" means either of the following:(a) a transaction in a derivative contract or other financial instrument contingent on the simultaneous execution of a transaction in an equivalent quantity of an underlying physical asset (Exchange for Physical or EFP);(b) a transaction which involves the execution of two or more component transactions in financial instruments; and:(i) which is executed between two or more counterparties;(ii) where each component of the transaction bears meaningful economic or financial risk related to all the other components;(iii) where the execution of each component is simultaneous and contingent upon the execution of all the other components;