Reverse EFPs. Subject to the terms of any particular Reverse EFP Transaction, in relation to each Reverse EFP Transaction, the Physical Contract with you shall arise automatically upon the closing out (including by creation of opposite positions, on the relevant Market) of the Futures Contracts which the Physical Contract is intended to replace.
Appears in 12 contracts
Samples: Professional Client Agreement, Eligible Counterparty Agreement, Professional Client Agreement
Reverse EFPs. Subject to the terms of any particular Reverse EFP TransactionTrans action, in relation to each Reverse EFP Transaction, the Physical Contract with you shall arise automatically upon the closing out (including by creation of opposite positions, on the relevant Market) of the Futures Contracts which the Physical Contract is intended to replace.
Appears in 3 contracts
Samples: www.commerzbank.co.uk, www.commerzbank.at, www.commerzbank.co.uk
Reverse EFPs. Subject to the terms of any particular Reverse EFP TransactionTransac tion, in relation to each Reverse EFP Transaction, the Physical Contract with you shall arise automatically upon the closing out (including by creation of opposite positions, on the relevant Market) of the Futures Contracts which the Physical Contract is intended to replace.
Appears in 3 contracts
Samples: www.commerzbank.nl, www.commerzbank.co.uk, www.commerzbank.co.uk
