Commentary on Sections Overview Overview Section 608: Exceptions to section 607
1781.This section disapplies section 607 in certain cases. It is based on section 730A(8) of ICTA.
1782.It disapplies section 607 in cases where:
	the agreement or agreements for sale and repurchase are not what one would expect of persons dealing at arm’s length; or
	the interim holder has all the benefits and risks from fluctuations in the market value of the securities between their sale and repurchase.