ETP definition
Examples of ETP in a sentence
The Determination A DA e relevant SP shall calculate the Price per ETP Security and the Index Unit Value respectively for each Scheduled Trading Day or Pricing Date, as the case may be (for the purposes of this Operating Ma Scheduled Trading Day The relevant SP shall send the price that it has calculated to the DA via email with the IPA copied.
Valid Dealing Orders in respect of which the ETP Securities are pending issue and settlement as at the Compulsory Redemption Pricing Date, the Early Redemption Pricing Date or the Final Redemption Pricing Date shall (unless waived at cretion) automatically be cancelled with effect from such Compulsory Redemption Pricing Date, Early Redemption Pricing Date or Final Redemption Pricing Date (as applicable), as further provided in the relevant AP Agreement.
Upon receipt of a Valid Dealing Order Form, the IPA will submit a corresponding Dealing Order Notice by 14:30 London time on such Dealing Order Day to the relevant SP for it to increase or decrease the number of Index Units under the relevant Swap Transactions as at such day by the number of ETP Securities specified in the Dealing Order Form.
If their determination of the Index Unit Value and Price per ETP Security do not match, the SP and Issuer shall notify each other via email (copied to the IPA) and shall use their best efforts to resolve any discrepancies before 08:00 London time.
The operating procedures in respect of the subscription, issuance and optional redemption of ETP Securities shall be as set out in the Operating Manual, the form of which as at the date hereof is contained in the Schedule hereto.