Exchange Activity. Any use of the capability provided or supported by the Carequality Elements to exchange information among Implementers or their Carequality Connection.
Exchange Activity. (a) AFFILIATE and/or ASSOCIATION agree to honor all Confirmations made by INTERVAL utilizing Unit Weeks relinquished by Individual Members, as well as Unit Weeks provided by AFFILIATE to INTERVAL in accordance with Section E, Paragraph 4 and such other Unit Weeks at the PROJECT as may be provided by AFFILIATE and/or ASSOCIATION to INTERVAL from time to time. If an Exchange Guest arrives at the PROJECT and the Unit confirmed by INTERVAL is not available, AFFILIATE and/or ASSOCIATION agree to provide at their expense substitute accommodations (of the same or superior size and quality) at the PROJECT, or they shall provide such substitute accommodations (of the same or superior size and quality) at a similar location of comparable quality with amenities and facilities similar to that available at the PROJECT for the same time period as that originally confirmed. Additionally, AFFILIATE and/or ASSOCIATION shall be responsible for all expenses incurred by the Exchange Guest or INTERVAL as a result of the confirmed Unit not being available at the PROJECT, including, without limitation, relocation expenses and INTERVAL's standard administrative charge which is currently one hundred U.S. dollars ($100.00). The provisions of this Paragraph shall survive the expiration or termination of this Agreement.
(b) In the event it is necessary for AFFILIATE or ASSOCIATION to change the particular Unit into which an Exchange Guest has been Confirmed, AFFILIATE and ASSOCIATION agree that the replacement Unit shall be comparable or superior in all respects (including, without limitation, the size of the Unit, view from the Unit and amenities available in the Unit) to the Unit into which INTERVAL issued the Confirmation.
(c) AFFILIATE agrees not to require any Exchange Guests to attend a sales presentation regarding the PROJECT.
(d) AFFILIATE and ASSOCIATION agree not to participate in any system or arrangement of exchange with any other Vacation Ownership Resort during the term of this Agreement and any renewals thereof
(e) AFFILIATE agrees that during the term of this Agreement or any renewals thereof, the INTERVAL NETWORK will be the only exchange program represented to prospective purchasers of Vacation Interests at the PROJECT. AFFILIATE and ASSOCIATION further agree that the INTERVAL NETWORK will be the only exchange program recommended or otherwise promoted to owners of Vacations Interests at the PROJECT. Additionally, AFFILIATE and ASSOCIATION agree that the INTERVAL NET...
Exchange Activity. MCX volumes of Gold Mini, Gold Standard and Gold Petal contracts saw a rise in March 2022 after falling to a lowest in January 2022, the lowest traded contracts as compared to the previous year. This is attributed to the strong gold prices and inflationary pressures in the economy. The 1 gm petal contracts are the most traded on the exchange in comparison to Gold standard and Gold Mini contracts. Volume (Contracts) 16000 14000 12000 10000 8000 6000 4000 2000 Delivery volume in kgs 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 Apr-21 0.80 763.30 0.74 May-21 0.14 639.70 0.76 Jun-21 0.14 283.60 4.57 Jul-21 0.27 518.39 8.79 Aug-21 0.08 110.80 1.32 Sep-21 6.68 237.50 2.16 Oct-21 5.66 493.28 0.41 Nov-21 0.16 95.99 1.15 Dec-21 0.52 434.69 0.27 Jan-22 2.91 522.00 0.22 Feb-22 0.07 59.28 4.34 Mar-22 0.04 345.10 0.34 The spot gold price was up by 13% to $1,937 per ounce in March 2022 as compared to previous year gold price, after hitting its lowest in the September 2021 to $1,756. The gold futures contracts also increased by 14% to $1,949 in March 2022. The spreads on COMEX throughout the FY 2021-22 remained in the range of +/- $5, however the spreads showed great disparity in Feb 2022 and March 2022. This is attributed to the global turmoil brought by the war between Russia and Ukraine as well US inflation. 2000 1500 1000 500 25 20 15 10 5 0 -5 -10 -15 -20 -25 Spot price Future price Spread Gold Price ($/oz) Spreads ($) The spot gold price on MCX rose to Rs. 51,317 in March 2022 from a low of 47,569 in the beginning of FY 2021-22. The MCX gold spreads in FY 2021-22 were quite volatile, witnessing a disparity going to a high of 832 rupees and a low of 699 rupees. However, the disparity observed was low in comparison to the spreads observed in FY 2020-21, the lowest spread dropped to 5,665 rupees in May-20. In 2020, Spot price Future price Spread Gold Price (Rs/10 gm) Spreads (Rs) CHAPTER 3 Indian Gold Market in charts Indian Gold Market in charts Sideways trade in gold prices and a less volatile currency kept the tariff rate predictable. Value in $ Mln Revival in economic activity and pent up demand following the Covid year led to a steady inflow through 10 months. Tonnes 1971 1973 1975 1977 1979 1981 1983 1985 1987 1989 1991 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015 2017 2019 2021 Gold imports in value terms increased to near record high levels seen in 2011, h...
