Exchange of Futures for Physicals definition

Exchange of Futures for Physicals or “EFP” means an exchange of futures contracts for, or in connection with, physical Product pursuant to which the buyer and the seller of the futures contracts are the Seller and Buyer of a quantity of the physical Product (or any derivative, by- product or related Product) approximately equivalent to the quantity covered by the relevant futures contracts.
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Examples of Exchange of Futures for Physicals in a sentence

  • The Exchange of Futures for Physicals ("EFP") shall refer to the procedure by which the Parties who hold the contracts of the same delivery month enter into a physicals sale and purchase agreement through negotiations, close their respective futures positions at the price described therein and exchange the payments and physicals of the corresponding quantities.

  • The Contract is traded through opening auction, continuous trading, and Exchange of Futures for Physicals.

  • Basis Trading Facility – Exchange of Futures for Physicals (EFPs).

  • Each subsequent visit will assess the progress made from the previous monitoring visit and address both quantitative and qualitative program measures.

  • A fuel oil futures contract may be physically delivered through an Exchange of Futures for Physicals (“EFP”) before expiration.

  • The proposal was subject to statutory pre-application consultation with applicants and officers presenting to the Pre Application Forum in September 2019.

  • This would be through the "Exchange of Futures for Physicals" mechanism established by most exchanges: rather than closing out a short futures position, the producer/exporter would deliver the warehouse receipts to a foreign buyer (receiving or paying the normal differential) who would then take over the short position.

  • To see this we first compute the fundamental tensor for a Randers spacetime F = α + β.

  • Core Material for Air and Water: Minus 30 to plus 275 deg F, ethylene-propylene-diene terpolymer rubber.

  • The Exchange of Futures for Physicals (“EFP”)/Operations Manager,25 whose duties include producing the monthly EFP Review and weekly Spec Hedge Reports, along with monitoring and calculating contract dates.

Related to Exchange of Futures for Physicals

  • Trading and Settlement Code means the Trading and Settlement Codedeveloped pursuant to Section 9(1)(d) of the Act as from time to time, revised, amended, supplemented or replaced with the approval or at the instance of the Commission;

  • Personal Securities Transactions means any transaction in a Security pursuant to which an Access Person would have a Beneficial Ownership interest with the exception of obligations of the U.S. Government, bankers’ acceptances, bank certificates of deposit, money market fund shares, commercial paper, high quality short-term debt instruments and registered open-end investment companies, none of which are funds advised or sub-advised by the Firm.

  • securities dealer means a person or entity that is authorized under provincial legislation to engage in the business of dealing in securities or any other financial instruments or to provide portfolio management or investment advising services.

  • Personal Securities Transaction means any transaction in a Covered Security in which an Access Person has a direct or indirect Pecuniary Interest.

  • Recognised Futures Exchange means an international futures exchange which is recognised by the SFC or which is approved by the Manager.

  • Public Art means art that shall be accessible to the public, and includes all forms of original creations of visual art, conceived in any medium, material, or combination thereof, including paintings, drawings, stained glass, and murals in any media; statues, bas relief, mobile, kinetic, electronic, neon, or other sculptures; environmental artworks; fountains, arches or other structures intended for ornament; integrated and functional architectural elements of a structure; video and other media-based works; inscriptions, fiber works, carvings, mosaics, photographs, drawings, collages, textile works and prints; crafts, both decorative and utilitarian in clay, fiber, wood, metal, glass, stone, plastic and other materials; artist-designed public spaces and functional elements which are either a part of a larger project or a separate entity in and of itself.

  • Securities Transaction means a purchase of or sale of Securities.

  • The Stock Exchange means the London Stock Exchange Limited;

  • Hague Securities Convention means The Convention on the Law Applicable to Certain Rights in Respect of Securities Held with an Intermediary (Concluded 5 July 2006), which became effective in the United States of America on April 1, 2017.

  • NYSE American means the NYSE American LLC;

  • Austraclear Regulations means the rules and regulations established by Austraclear (as amended or replaced from time to time) to govern the use of the Austraclear System.

  • Futures Exchange means the exchange or trading system with the highest trading volume of options or futures contracts relating to the Share. If options or futures contracts on the Share are not traded on any exchange, the Futures Exchange shall be the options or futures exchange with the highest amount of options or futures contracts relating to shares of companies having their residence in the country in which the Company has its residence. If there is no options or futures exchange in the country in which the Company has its residence on which options or futures contracts on shares are traded, the Calculation Agent will determine the Futures Exchange in its reasonable discretion (billiges Ermessen) (§ 317 BGB) and will make notification thereof in accordance with § 6 of the General Terms.

  • Farmers market means a marketplace which operates seasonally, principally as a common market for Iowa-produced farm products on a retail basis for consumption elsewhere.

  • Stock Exchange The Stock Exchange of Hong Kong Limited

  • Private Securities Transaction means any securities transaction relating to new offerings of securities which are not registered with the Securities and Exchange Commission, provided however that transactions subject to the notification requirements of Rule 3050 of the Financial Industry Regulatory Authority’s (FINRA) Conduct Rules, transactions among immediate family members (as defined in the interpretation of the FINRA Board of Governors on free-riding and withholding) for which no associated person receives any selling compensation, and personal securities transactions in investment company and variable annuity securities shall be excluded.

  • international air transport means air transport that passes through the airspace over the territory of more than one State;

  • Securities Trading Act means the Securities Trading Act of 2007 no.75 of the Relevant Jurisdiction.

  • Exchanges means the TSX Venture Exchange and, if applicable, any other stock exchange on which the Shares are listed.

  • Exchange Message Interface or "EMI" means the format used for exchange of Telecommunications message information among Telecommunications Carriers. It is referenced in the Alliance for Telecommunications Industry Solutions (ATIS) document that defines industry guidelines for the exchange of message records.

  • Stock Exchanges means BSE Limited and National Stock Exchange of India Limited;

  • the International Bureau means the International Bureau of the World Intellectual Property Organization.

  • Stock Market means a market, or other place at which, or a facility by means of which—

  • International air transportation means transportation by air between a place in the United States and a place outside the United States or between two places both of which are outside the United States.

  • New York Stock Exchange means the New York Stock Exchange, Inc.

  • Quasi-public Agency means the Connecticut Development Authority, Connecticut Innovations, Incorporated, Connecticut Health and Educational Facilities Authority, Connecticut Higher Education Supplemental Loan Authority, Connecticut Housing Finance Authority, Connecticut Housing Authority, Connecticut Resources Recovery Authority, Connecticut Hazardous Waste Management Service, Capital City Economic Development Authority, Connecticut Lottery Corporation, or as this definition may otherwise be modified by Title 1, Chapter 12 of the Connecticut General Statutes concerning quasi-public agencies.

  • Public or private safety agency means a unit of state or local government, a special purpose district, or a private firm, which provides or has the authority to provide firefighting, police, ambulance, emergency medical services or hazardous materials response.