Examples of First Contract Month in a sentence
A person shall not own or control more than 10,000 trading lots net long or net short in respect of any one Contract Month (except for the First Contract Month) or in respect of any or all Contract Months combined and shall not own or control more than 2,000 trading lots net long or net short in the First Contract Month, unless otherwise permitted by the Clearing House in respect of its member, who is carrying the account of that person.
A person shall not own or control more than 2,000 trading lots net long or net short in the First Contract Month, unless otherwise permitted by the Clearing House in respect of its member, who is carrying the account of that person.
A1.2.3 If a Buying Member or Selling Member establishes a new long Position or short Position in the First Contract Month after 4.00 p.m. on the second Business Day prior to the Last Trade Registration Day, it shall submit the completed and signed applicable document referred to in paragraph A1.2.2(a) or (b) by 4.00 p.m. on the next Business Day.
Subject to Rule 4.1.18 of the Trading Rules, a person owning or controlling any combination of trading lots that exceed such position as the Exchange may prescribe from time to time with prior notification, net on the same side of the market, and in all Contract Months combined (except for the First Contract Month), shall provide, in a timely fashion, upon request by the Exchange, information regarding the nature of the position, trading strategy, and hedging information if applicable.
Exchange / RegulatorInstrument Type Used for BenchmarkingIs a First Contract Month PositionLimit Applied?How are These Position Limits Calculated?Montreal ExchangeGovernment of Canada Bond Futures Contract 3 Ibid.4 See ASX 24 Notice no.