Examples of Delivery Panel in a sentence
Where a Delivery Panel formed under ICE Futures Europe Rules directs that an interim payment or payments should be made pending a decision as to the price to be set for Invoicing Back, the Clearing House may make an interim payment to the affected Clearing Member of the amount specified in the direction of the Delivery Panel (or such other amount as the Clearing House, at its discretion, determines).
Each Party will have the opportunity to respond to the substance of any expert advice obtained by the Delivery Panel.
The amount of the interim payment will be set by the Delivery Panel at its discretion.
No new evidence of fact may be adduced unless the Delivery Appeals Panel is satisfied that there is good reason why such evidence was not presented to the Delivery Panel and only if such evidence is relevant, notwithstanding such evidence may not be admissible in a court of law.
Not used.] The Exchange will not refer a dispute or matter in respect of a delivery under a Contract to the Delivery Panel if a Party has been Declared a Defaulter under Section D of the Rules or the default rules of the Clearing House.
Any member of the Delivery Panel shall have no direct or indirect interest in any Party (or any client or underlying client of a Party) or the dispute or matter to be determined.
The decision shall be notified in writing to the appealing Party, any other Party to the affected Contracts, the Delivery Panel which made the finding, determination or direction, the Clearing House and the Exchange.I.21.9 A Party shall comply with any decision of the Delivery Appeals Panel.
I.21.1 A Party to an affected Contract or the Exchange may appeal against any finding, determination or direction made by the Delivery Panel under Rule I.20.9(a) or (c).
I.20.3 Following the referral of a dispute or matter to the Exchange, the Exchange may constitute a Delivery Panel.
In the event of any delay to the invoicing back process, the Delivery Panel may, at its discretion, in advance of it setting a price for invoicing back, and in agreement with the Clearing House, direct the Clearing House to make an interim payment to a party.