Common use of Spread Products Clause in Contracts

Spread Products. 13.6.1. Overview (a) An Order for a Spread Product represents an offer to enter into both (but not either) a Physical Gas Transaction as a Buyer for delivery at one location and an offer to enter into a second Physical Gas Transaction as a Seller for delivery at another location. (b) An Order for a Spread Product can be made in the same way as an Order for any other Product. (c) A Spread Product comprises a Base Product at one location and a Premium Product at the other location.

Spread Products. 13.6.113.7.1. Overview (a) An Order for a Spread Product represents an offer to enter into both (but not either) a Physical Gas Transaction as a Buyer for delivery at one location and an offer to enter into a second Physical Gas Transaction as a Seller for delivery at another location. (b) An Order for a Spread Product can be made in the same way as an Order for any other Product. (c) A Spread Product comprises a Base Product at one location and a Premium Product at the other location.