Exchange for Physical definition

Exchange for Physical means a transaction in a derivative contract or other financial instrument contingent on the simultaneous execution of an equivalent quantity of an underlying physical asset;

Exchange for Physical means a transaction whereby a position in the underlying is traded withan existing open futures contract position. The transaction may involve the JSE processing the actual delivery between the short and long position holder or alternatively facilitating the cash settlement at the current mark-to-market value;

Exchange for Physical means a transaction where:

Examples of Exchange for Physical in a sentence

• Exchange for Physical Transaction An exchange of futures for, or in connection with, a physical ("EFP") consists of a cash commodity transaction and a futures transaction.

• For physically delivered futures contracts, delivery for all the open positions at expiry shall be conducted according to the standard delivery procedures, whereas the delivery of immature contracts may be conducted according to the procedures of Exchange for Physical (hereinafter referred to as the “EFP”).

• The following types of EFRP transactions are permitted to be executed in accordance with the requirements of this rule: Exchange for Physical Transaction (“An EFP”) - An exchange of futures for, or in connection with, a physical consisting of a cash commodity transaction and a futures transaction.

• The following types of EFRP transactions are permitted to be executed in accordance with the requirements of this rule and any other requirements established and published by the Exchange: Exchange for Physical Transaction (“An EFP”) - An exchange of futures for, or in connection with, a physical consisting of a cash commodity transaction and a futures transaction.

• It is being issued based on amendments to Rule 524 which will permit the futures leg of Exchange for Physical (“EFP”) and Exchange for Risk (“EFR”) transactions in TAS and TAM eligible commodities and contract months to be priced at the settlement or marker price or any allowable tick increment above or below the settlement or marker price.

• Kenyon, James II, ENCYCLOPEDIA BRITANNICA, http://www.brita- nnica.com/EBchecked/topic/299989/James-II (last updated June 10, 2014).

• The Exchange for Physical (the “EFP”) is applicable to the previous open positions of all listed futures contracts of the Exchange, but not applicable to the new positions opened on the application day.

• For more details on the functionality available to execute Negotiated Transactions in the SOLA trading system, please refer to paragraph 5.2. a.5) Exchange for Physicals (EFP) - not available on IDEMA pre-arranged Negotiated Transaction in the derivatives leg of an Exchange for Physical (as defined by MiFIR) can be inserted by setting the Price Type field equal to “P”.

• The following types of EFRP transactions are permitted to be executed in accordance with the requirements of this rule and any other requirements established and published by the Exchange: Exchange for Physical Transaction (“EFP”) - An exchange of futures for, or in connection with, a physical consisting of a cash commodity transaction and a futures transaction.

• The Exchange may implement Exchange for Physical (hereinafter referred to as the “EFP”).

More Definitions of Exchange for Physical

Exchange for Physical. (EFP) means a transaction of the kind described in [Rule 4800] and does not include a Delivery Exchange for Physical transaction.

Exchange for Physical. (EFP) means a transaction of the kind described in Rule [4800].

Exchange for Physical means that the Parties have agreed to utilize the EFP procedures of a regulated exchange to exchange a futures position for a physical position of equal quantity. The performance obligation of ADP and EFP transactions are the same as the performance obligation of Firm (LD) transactions stated above; provided that, performance of ADP and EFP Transactions are also excused if the related regulated exchange excuses performance.

Exchange for Physical or "EFP" means the purchase, sale or exchange of natural Gas as the "physical" side of an exchange for physical transaction involving gas future contracts. EFP shall incorporate the meaning and remedies of Priority Firm as defined herein.