Examples of ForexClear Option Contract in a sentence
From (and including) the Registration Time to the Expiration Date, each ForexClear Option Contract is valued in USD or EUR using the Garman-Kohlhagen option pricing model (using the data submitted by FXCCMs, in accordance with Section 1.5.2 (Market Data Sources and Frequencies)).
For the avoidance of doubt, “variation margin” and “NPV Payment” as used herein shall include variation margin and NPV Payments in respect of both the and premium owed under a ForexClear Option Contract and all other obligations under the terms of that ForexClear Option Contract.
The Clearing House will notify the FXCCMs via file download from the Clearing Member Reporting as to any ForexClear NDF Contract, ForexClear Spot Contract, ForexClear Swap Contract, ForexClear Deliverable Forward Contract, or ForexClear Option Contract affected and the date adjustments made.
Capitalised terms used in this Section 1.17 and not otherwise defined shall have the meanings specified for such terms in (i) the ForexClear Option Contract Terms applicable to that ForexClear Option Contract, and, if note defined therein, (ii) the 1998 FX and Currency Options Definitions (including Annex A thereto) as published by the International Swaps and Derivatives Association, Inc., the Emerging Markets Trade Association and The Foreign Exchange Committee.
In the event that an exercise and expiry agent is not able to facilitate or communicate the exercise of (or intent to exercise) a ForexClear Option Contract for any reason whatsoever, and the Clearing House becomes aware of such failure to facilitate or communicate, the Clearing House will notify the relevant ForexClear Clearing Members of such failure and may provide details of one or more alternative exercise methods.
In the event the Clearing House receives an instruction from a ForexClear Option Clearing Member, including via any third party exercise and expiry agent or middleware provider, with respect to any ForexClear Option Contract that is subject to automatic expiry on a given Expiration Date, the Clearing House shall disregard such instruction and in all circumstances such ForexClear Option Contract shall be expired on the given Expiration Date.
Notwithstanding the foregoing and in accordance with the Procedures, the Clearing House may, in its sole discretion, postpone or delay the registration of a ForexClear Spot Transaction or ForexClear Deliverable Forward Transaction resulting from the exercise of a ForexClear Option Contract in the event of an administrative, system or processing delay that affects the Clearing House’s ability to register such ForexClear Spot Transaction or ForexClear Deliverable Forward Transaction.
Deleted: JanuaryClearing House : General Regulations - 279- March 2018 Deleted: Section Break (Next Page)<#>Compression¶REGULATION 94 EXERCISE OF FOREXCLEAR OPTION CONTRACTS (a) Subject to (b) below, a ForexClear Option Buyer may exercise the right or rights granted to it pursuant to a ForexClear Option Contract only by giving an irrevocable notice in the manner and at the time specified by the Procedures.
For the avoidance of doubt, “variation margin” and “NPV Payment” as used herein shall include trade variation margin and NPV Payments in respect of both the and premium owed under a ForexClear Option Premium variation marginContract and all other obligations under the terms of that ForexClear Option Contract.
Any ForexClear Deliverable Forward Contract or ForexClear Spot Contract that arises pursuant to this Regulation 96 shall be registered as a ForexClear Deliverable Forward STM Contract or a ForexClear Spot STM Contract (as applicable) if the ForexClear Option Contract to which it relates was registered as ForexClear Option STM Contract at the point immediately prior to exercise (or deemed exercise).