Futures Price Valuation definition

Futures Price Valuation is applicable, Futures Price Valuation as described in Section 6.8 of the Equity Definitions shall apply only with respect to the Valuation Date, it being understood that, if the Official Settlement Price is not published on the Scheduled Valuation Date for a reason other than the fact that trading in the Exchange-traded Contract never commences or is permanently discontinued, the Valuation Date shall be the first succeeding Scheduled Trading Day on which the Official Settlement Price is published; provided that (a) Section 6.8(b)(i)(B) of the Equity Definitions is hereby amended by inserting “or expiration” after “delivery”, (b) the definition of “Official Settlement Price” in Section 6.8(b)(ii) of the Equity Definitions is hereby amended by inserting “or exercise settlement value, as applicable,” after “official settlement price” and replacing “Exchange” with “exchange” both times it appears, (c) Section 6.8(d) of the Equity Definitions is hereby amended by replacing “Exchange” with “relevant exchange or relevant clearing house”, and (d) Section 6.8(f) of the Equity Definitions is hereby amended by inserting “or relevant clearing house” after “relevant exchange” Notwithstanding anything to the contrary above, if “Futures Price Valuation” is applicable due to the specification of an Exchange‑traded Contract in the relevant Transaction Supplement and the expiry date of that Exchange‑traded Contract is modified after the Trade Date other than as a result of that day being a Disrupted Day or not a Scheduled Trading Day, then Futures Price Valuation shall be Not Applicable Default Exchange-traded Contract: In respect of an Observation Start Date or a Scheduled Valuation Date, as applicable, the options contracts relating to the relevant Index traded on the Related Exchange or, if none, the futures contracts relating to the relevant Index traded on the Related Exchange, in either case with an expiry date (or the date which would have been the expiry date but for that day being a Disrupted Day or not being a Scheduled Trading Day) that is the same date as the Observation Start Date or Scheduled Valuation Date, as applicable Equity Amount: Notwithstanding anything to the contrary in Section 8.7 of the Equity Definitions, an amount in the Settlement Currency determined in accordance with the following formula:

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Futures Price Valuation is specified in the relevant Transaction Supplement as Not Applicable

Futures Price Valuation. [Applicable][Not Applicable] [Exchange-traded Contract: [●]]29 [Averaging Dates: [●]]30 [Settlement Type: [Vanilla] [Cross-Currency] [Quanto] [Composite]]31 Reference Currency: [currency of denomination of underlying][Not Applicable]32 Settlement Currency: [currency of settlement] Cash Settlement Payment Date: [●] Currency Business Days after the relevant Valuation Date [Reference Price Source: [●]]33 [Multiple Exchange Index Annex: [Not Applicable]]34 [Other Provisions:]35 [Notices and Account Details:]36 [Insert full legal name of Party A] [Insert full legal name of Party B] By: ______________________________ By: ______________________________ Name: Name: Title: Title: Date: Date [Insert Date]

Examples of Futures Price Valuation in a sentence

Futures Price Valuation: Not Applicable Cash Settlement: Applicable Settlement Currency: [●] Settlement Price: The closing level of the Index as of the Valuation Time on the Valuation Date Cash Settlement Payment Date: In respect of an Exercise Date, [●] Currency Business Days after the relevant Valuation Date.
If Futures Price Valuation is applicable: Exchange-traded Contract: As specified in the Transaction Supplement.
If Futures Price Valuation applies, and on the Expiration Date the Official Settlement Price is not published for a reason other than the fact that trading in the Exchange-traded Contract never commences or is permanently discontinued, the Expiration Date shall be the first succeeding Scheduled Trading Day on which the Official Settlement Price is published.
Amendment to Futures Price Valuation: Sections 6.8(b)(ii) and 6.8(d) of the Equity Definitions are amended by replacing the term “Exchange” with the term “Related Exchange”.
If Futures Price Valuation applies and on the Expiration Date the Official Settlement Price is not published for a reason other than the fact that trading in the Exchange-traded Contract never commences or is permanently discontinued, the Expiration Date shall be the first succeeding Scheduled Trading Day on which the Official Settlement Price is published.
Valuation Time: [The time at which the official closing level of the Index is calculated and published by the Index Sponsor.] Valuation Date: Futures Price Valuation: [Not] Applicable.

More Definitions of Futures Price Valuation

Futures Price Valuation. As specified in the relevant Transaction Supplement. If Futures Price Valuation is Applicable and on the Expiration Date the Official Settlement Price is not published for a reason other than the fact that trading in the Exchange-traded Contract never commences or is permanently discontinued, the Expiration Date shall be the first succeeding Scheduled Trading Day on which the Official Settlement Price is published. If Futures Price Valuation is applicable: Exchange-traded Contract: The Nearest Index Contract, unless otherwise specified in the relevant Transaction Supplement. Nearest Index Contract: The options or futures contract on the relevant Index traded on the Related Exchange with an expiry date (or the date which would have been the expiry date but for the day being a Disrupted Day or not being a Scheduled Trading Day) that matches the Expiration Date specified in the Transaction Supplement and that is most closely equivalent to the terms of the relevant Covered Transaction to which such Transaction Supplement relates. Adjustment to Section 6.8: Sections 6.8(b)(ii) and 6.8(d) of the Equity Definitions are amended by replacing the term “Exchange” with the term “Related Exchange”. Commencement Date: Trade Date, unless otherwise specified in the relevant Transaction Supplement.

Futures Price Valuation. [Not Applicable]5 or [If there is an Exchange-traded Contract specified in this Confirmation or if there is a Default Exchange-traded Contract with an expiry date (or the date which would have been the expiry date but for that day being a Disrupted Day or not being a Scheduled Trading Day) that is the same date as the Scheduled Valuation Date, then Futures Price Valuation shall be Applicable.

Futures Price Valuation is applicable with respect to the Observation End Date, the Valuation Time shall be the time at which the Official Settlement Price of the Exchange-traded Contract is published by the Related Exchange (or in the event that Section 6.8(e) of the Equity Definitions applies, the actual closing time of the relevant Exchange for its regular trading session).