Examples of Contract Option in a sentence
If the parties have mutually agreed to use the Negotiated Contract Option, the permitted, negotiated terms on which they have agreed and which are not already set forth as part of the Scope of Work and/or Schedule of Work attached to this CSA as Schedules I and J, respectively, shall be as set forth in Schedule H attached to this CSA.
PALMA STREET will o n l y allow the Client to trade Contract Options on Contracts with physical delivery if the Contract Option expires before the underlying Contract.
If the Client wishes to exercise an option, Contract Option or another Contract, the Client must provide PALMA STREET with notice thereof in reasonable time (and within applicable cut-off times) for PALMA STREET to exercise the corresponding right under any contract equivalent to the Contract Option that PALMA STREET has entered into with any Counterparty.
Contract Options (put and call) that close one tick or more in the money on the last trading day will automatically be exercised, regardless of whether the Client has purchased or sold the Contract Option.
If a short Contract Option is assigned, the Client is obliged, within the applicable time of delivery, to deliver the relevant amount of cash or assets in the case of a call Contract Option and the relevant amount of cash in the case of a put Contract Option, to effect settlement.