Current Reference Instrument definition

Current Reference Instrument means the Initial Reference Instrument from the Index Start Date until the first Rollover Date. Once the Index Closing Value on the first Rollover Date has been calculated and determined, this Reference Instrument loses its validity and is replaced by the Reference Instrument contract for the Contract Months specified above next falling due on the Reference Exchange. On each subsequent Rollover Date, following the calculation and determination of the Index Closing Value, the Current Reference Instrument is replaced in turn by the Reference Instrument contract falling due on the Reference Exchange in the next following Contract Month.

Current Reference Instrument means the fåáíá~ä oÉÑÉêÉåÅÉ fåëíêìãÉåí from the fåÇÉñ pí~êí a~íÉ until the first oçääçîÉê a~íÉ. Once the fåÇÉñ `äçëáåÖ s~äìÉ on the first oçääçîÉê a~íÉ has been calculated and determined, this oÉÑÉêÉåÅÉ fåëíêìãÉåí loses its validity and is replaced by the oÉÑÉêÉåÅÉ fåëíêìJ ãÉåí contract for the `çåíê~Åí jçåíÜë specified above next falling due on the oÉÑÉêÉåÅÉ bñÅÜ~åÖÉ. On each subsequent oçääçîÉê a~íÉ, following the calculation and determination of the fåÇÉñ `äçëáåÖ s~äìÉ, the `ìêêÉåí oÉÑÉêÉåÅÉ fåëíêìãÉåí is replaced in turn by the oÉÑÉêÉåÅÉ fåëíêìãÉåí contract fall- ing due on the oÉÑÉêÉåÅÉ bñÅÜ~åÖÉ in the next following `çåíê~Åí jçåíÜ (respectively a "Rollover").Each oçääçîÉê is published by the fåÇÉñ `~äÅìä~íáçå ^ÖÉåí in accordance with section E). "Initial Reference Instrument" means Coffee C® Future June 2015.

Current Reference Instrument means the Initial Reference Instrument from the Index Start Date until the first Rollover Date. Once the Index Closing Value on the first Rollover Date has been calculated and determined, this Reference

Examples of Current Reference Instrument in a sentence

• If no Valuation Price for the Current Reference Instrument is determined or published on a Trading Day, the Index Calculation Agent shall determine the Valuation Price of the Current Reference Instrument for that day on the basis of the most recent prices set for the Current Reference Instrument in its due discretion.

• D) EXTRAORDINARY ADJUSTMENT OF THE INDEX CALCULATION In the event of an Extraordinary Adjustment Event occurring in relation to the Reference Instrument or the Current Reference Instrument, respectively, the Index Calculation Agent will adjust the index calculation on the Reference Date (as defined below).

• In the event that the first notice day of the Current Reference Instrument falls prior to its last Trading Day on the Reference Exchange, the period for the Rollover Date shall begin ten Trading Days before the first notice day and shall end with the last Trading Day of the Current Reference Instrument.

• If no Valuation Price for the Current Reference Instrument is determined or published on a Trading Day, the Index Calculation Agent shall determine the Valuation Price of the Reference Instrument for that day on the basis of the most recent prices set for the Reference In- strument in its due discretion.

• In the event that the first notice day of the Current Reference Instrument falls prior to its last trading day on the Reference Exchange, the period for the Rollover Date shall begin ten Trading Days before the first notice day and shall end with the last Trading Day of the Current Reference Instrument.

• It indicates the maximum permitted negative change in price of the Current Reference Instrument compared with its most recent Valuation Price before an Intraday Index Adjustment takes place.

• In the event of an Extraordinary Adjustment Event occurring in relation to the Reference Instrument or the Current Reference Instrument, respectively, the Index Calculation Agent will adjust the index calculation on the Reference Date (as defined below).

• The negative sign for the Leverage indicates that the Short Factor Index participates inversely in, i.e. in the opposite of, the performance of the Current Reference Instrument.

• If no Valuation Price for the Current Reference Instrument is determined or published on a Trading Day, the Index Calculation Agent shall determine the Valuation Price of theReference Instrument for that day on the basis of the most recent prices set for the Reference In- strument in its due discretion.

• D) EXTRAORDINARY ADJUSTMENT OF THE INDEX CALCULATIONIn the event of an Extraordinary Adjustment Event occurring in relation to the Reference Instrument or the Current Reference Instrument, respectively, the Index Calculation Agent will adjust the index calculation on the Reference Date (as defined below).

More Definitions of Current Reference Instrument

Current Reference Instrument means the Iuitial Refereuce Iustrumeut from the Iudex Start Date until the first Rollover Date. Once the Iudex Closiuφ Value on the first Rollover Date has been calculated and determined, this Refereuce Iustrumeut loses its validity and is replaced by the Refereuce Iustrumeut contract for the Coutract Mouths specified above next falling due on the Refereuce Exchauφe. On each subsequent Rollover Date, following the calculation and determi- nation of the Iudex Closiuφ Value, the Curreut Refereuce Iustrumeut is replaced in turn by the Refereuce Iustrumeut contract falling due on the Refereuce Exchauφe in the next following Coutract Mouth (respectively a "Rollover").Each Rollover is published by the Iudex Calculatiou Aφeut in accordance with section E). "Initial Reference Instrument" means Natural Gas (Henry Hub) Future August 2015.