IMM Date definition

IMM Date means the third Wednesday of March, June, September and December, a traditional settlement date in the International Money Market. On each Index Roll Day, the position in the old DX Contract is partially sold. The position in the old DX Contract is calculated as follows: The new DX Contracts are purchased to create a long position. The notional value of the new DX Contract is expressed as: On each Index Roll Day, the position in the old DX Contract is partially purchased. The position in the old DX Contract is calculated as follows: The new DX Contracts are sold to create a short position. The notional value of the new DX Contracts is expressed as: On the Base Date, the initial long positions on the DX Contract in the Long Index was expressed as: On the Base Date, the initial short positions on the DX Contract in the Short Index was expressed as: Where:
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IMM Date means each of 20 March, 20 June, 20 September and 20 December in each year commencing in March 2007, up to and including the Scheduled Maturity Date provided that if any IMM Date would otherwise fall on a day which is not a Business Day, the IMM Date shall be postponed to the next day which is a Business Day unless that day falls in the next calendar month in which case the IMM Date shall be the first preceding day that is a Business Day.
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IMM Date means the third Wednesday of March, June, September and December, a traditional settlement date in the International Money Market. The CME-traded futures contract of each applicable Index Currency that is closest to expiration is used in the Index calculation. The futures contracts on the Index Currencies are rolled during the Index Re-Weighting Period. The new futures contract on an Index Currency that has the next closest expiration date is selected. The calculation of the Index on an excess return basis is the weighted return of the change in price of the futures contracts on the Index Currencies. The excess return index is calculated as follows:
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Examples of IMM Date in a sentence

  • DX Contracts are rolled on the Wednesday prior to each IMM Date as follows: • The DX Contract that expires on the next IMM Date is sold.

  • The Notes will be redeemed at their pro rata portion of the Cash Deposit Value on such IMM Date following all adjustments thereto in respect of such date.

  • Figure 7: FX swap volume around the IMM Date Figure 7 shows the FX CLS swap volume for EURUSD and USDJPY from 2016 - 2021.

  • The Reference Portfolio Advisor may, on giving 60 days' notice to the Issuer, direct the Issuer to redeem the Notes then outstanding on any IMM Date from and including the IMM Date falling in July 2017, provided that the Reference Portfolio Advisor certifies, on the day such notice is given, that the Net Transaction Value is greater than or equal to the aggregate of the Principal Protection Amount and any accrued and unpaid fees and expenses of the Issuer as of such date.

  • DX Contracts are rolled on each Index Roll Day as follows: • On each Index Roll Day, 1/3 of the DX Contracts that will expire on the next IMM Date is sold and positions in the DX Contracts that expire on the IMM Date following the next IMM Date are purchased.


More Definitions of IMM Date

IMM Date means the third Wednesday of March, June, September and December, a traditional settlement date in the International Money Market. DX Contracts are rolled on the Wednesday prior to each IMM Date as follows: • The DX Contract that expires on the next IMM Date is sold. • A position in the DX Contract that expires on the IMM Date following the next IMM Date is purchased. Each Index is calculated on both an excess return basis and a total return basis. The excess return index reflects the changes in market value over time, whether positive or negative, of the underlying DX Contracts. The total return is the sum of the changes in market value over time, whether positive or negative, of the underlying DX Contracts plus the return of 3-month U.S. Treasury bills. The following tables reflect both the excess return calculation and the total return calculation of the Long Index and the Short Index.
Sample 1
IMM Date means the third Wednesday of March, June, September and December in each year.
Sample 1
IMM Date means the third Wednesday of March, June, September and December, a traditional settlement date in the International Money Market. On the Index Roll Day, the position in the old DX Contract is sold. The position in the new DX Contract is simply zero: The notional value of the new DX Contract is expressed as: On the Index Rolling Day, the position in the old DX Contract is sold. The position in the new DX Contract is simply zero: N(t,i)=0 The new DX Contracts are sold to create a short position. The notional value of the new DX Contracts is expressed as: On the Base Date, the initial long positions on the DX Contract in the Long Index was expressed as: On the Base Date, the initial short positions on the DX Contract in the Short Index was expressed as: Where: i = old DX Contract j = new DX Contract t = Index calculation date Fp(t,i) = future price of old i on day t Fp(t,j) = future price of new j on day t y(t) = T-xxxx yield on day t Rt(t) = T-xxxx return on t XXxx(t) = Excess Return Index level on day t ILtr(t) = Total Return Index level on day t d(t,t–1) = Number of calendar days between day t and Index calculation day t-1 excluding day t N(t,i) = Notional holding of i on Index calculation day t N(t,j) = Notional holding of j on Index calculation day t If an Index Disruption Event in relation to (A) any DX Contract or (B) any underlying Index Currency or an Exchange Instrument on such underlying Index Currency continues for a period of five successive Exchange Business Days, the Index Sponsor will, in its discretion, either with respect to (A), review the price of an instrument, if available, that is substantially similar to the DX Contract, or with respect to (B), obtain all the Closing Prices for the unaffected Index Currencies, then, with respect to the disrupted Index Currenc(y)(ies) either (i) calculate the relevant Closing Price by reference to the Closing Price of the Exchange Instrument on such Index Currency on the immediately preceding Valid Date (as provided in the definition of the relevant Closing Price) for a further period of five successive Exchange Business Days or (ii) select:
Sample 1
IMM Date means the third Wednesday of March, June, September and December, a traditional settlement date in the International Money Market. This roll takes place over a period of time in order to allow for more efficient execution during the roll period. With respect to each DX Contract, each Master Fund employs the below rule-based approach when it rolls from one DX Contract to another. DX Contracts are rolled on each Index Roll Day as follows: • On each Index Roll Day, 1/3 of the DX Contracts that will expire on the next IMM Date is sold and positions in the DX Contracts that expire on the IMM Date following the next IMM Date are purchased. • On each Index Roll Day, new notional holdings are calculated for the old DX Contracts leaving an Index as well as the new DX Contracts entering an Index. • On all days that are not Index Roll Days, the notional holdings of the DX Contracts in an Index remain constant. Each Index is calculated on both an excess return basis and a total return basis. The excess return index reflects the changes in market value over time, whether positive or negative, of the underlying DX Contracts. The total return is the sum of the changes in market value over time, whether positive or negative, of the underlying DX Contracts plus the return of 3-month U.S. Treasury bills. The following tables reflect both the excess return calculation and the total return calculation of the Long Index and the Short Index.
Sample 1

Related to IMM Date

  • Anticipated Closing Date means the anticipated closing date of any proposed Qualified Sale Transaction, as determined in good faith by the Board of Directors on the Applicable Date.

  • Inception Date means in respect of a Fund, the first date on which the Fund issued shares.

  • Execution Date means the date on which the parties execute and enter into this Agreement.

  • ZERO DATE means the date of issue of LETTER OF INTENT (LOI) or issue of WORK ORDER, whichever is earlier.

  • Anticipated Termination Date Any Distribution Date on which it is anticipated that the Trust Fund will be terminated pursuant to Section 9.01(c) of this Agreement.

  • Cessation Date means the date of Participant’s Termination of Service (regardless of the reason for such termination).

  • Purchase Termination Date means the date upon which the Transferor shall cease, for any reason whatsoever, to make purchases of Receivables from the Seller under the Receivables Purchase Agreement or the Receivables Purchase Agreement shall terminate for any reason whatsoever.

  • Lease Termination Date means the last day of the Lease Term.

  • Start Date for Term Calculation Purposes Only: Regardless of actual award/effective date of Contract, for Agreement “term” calculation purposes only, the Agreement “start date” is the last day of the month that Award Notifications are anticipated as published in the Solicitation. Example: If the anticipated award date published in the Solicitation is August 27, 2020 but extended negotiations delay award until September 24, 2020 the end date of the resulting initial “two-year” term Agreement, (which is subject to an extension(s)) will still be August 31, 2022 in this example

  • Current Date means any day during the 20-day period ending on the date of the Closing.

  • Termination Time means the time at which the right to exercise Rights shall terminate pursuant to Section 5.1 hereof.

  • Initial Termination Date has the meaning set forth in Section 9.1(b)(i).

  • Target Effective Date has the meaning specified in Section 2.01(a).

  • Contract Date means the date set for bid opening or, if this is a negotiated contract or a modification, the effective date of this contract or modification.

  • Offer Commencement Date means the date on which Purchaser commences the Offer, within the meaning of Rule 14d-2 under the Exchange Act.

  • Offer Closing Date has the meaning set forth in Section 1.01(f).

  • Census date means the official date for reporting enrollment data and shall be the date immediately following the twelve percent (12%) completion date of the instructional period.

  • Drop Dead Date has the meaning set forth in Section 9.01(b)(i).

  • Agreement Date means the date as of which this Agreement is dated.

  • Extended Termination Date has the meaning specified in Section 2.16(c).

  • Delayed Closing Date means the date, set in accordance with section 3, on which the Vendor agrees to Close, in the event the Vendor cannot Close on the Firm Closing Date.

  • Date The Effective Date (as defined in the Funding Agreement)

  • Target Completion Date has the meaning given such term in Section 3.3(b).

  • Issuer Call Commencement Date means the first Business Day following the three year period from and including the Issue Date;

  • Delivery Period Termination Date Has the meaning specified in the Related Pass Through Trust Supplement.

  • SOFR Index Cessation Effective Date means, in relation to a SOFR Index Cessation Event, the date on which the Federal Reserve Bank of New York (or any successor administrator of the daily Secured Overnight Financing Rate) ceases to publish the daily Secured Overnight Financing Rate, or the date as of which the daily Secured Overnight Financing Rate may no longer be used;