Lead Future definition

Lead Future means for each Individual Commodity Index and each Trading Day,

Lead Future means (a) for an Individual Commodity Index and a Trading Day with respect thereto, the particular futures contract which is the “Lead Future” (as defined in the Handbook) for the Corresponding Unhedged Commodity Index on that Trading Day and (b) for a commodity comprised in an Unhedged Commodity Index corresponding to a Composite Commodity Index but which is not the subject of an Unhedged Commodity Index corresponding to an Individual Commodity Index and a Trading Day with respect thereto, the particular futures contract which is the “Lead Future” (as defined in the Handbook) for that commodity in relation to that Unhedged Commodity Index on that Trading Day

Lead Future means (a) for an Individual Commodity Index and a Trading Day with

Examples of Lead Future in a sentence

• For the Bloomberg Commodity Index 3 Month ForwardSM the designated month contracts are exactly the same as for the Bloomberg Commodity IndexSM save that for the Bloomberg Commodity Index 3 Month ForwardSM, the contracts that would be the Lead Future and Next Future for the Bloomberg Commodity IndexSM in three calendar months are instead the Lead Future and Next Future in the current calendar month for the Bloomberg Commodity Index 3 Month ForwardSM.

• The current Lead Future contracts for the Bloomberg Commodity IndexSM are shown in Table 2(b).

• The Lead Future is the contract month set forth under the corresponding WAV month in Table 9.

• In the “Statistical Yearbook 2007” recently published (May 2008) by the TURKSTAT the total population is given as 72,606 millions for 2006.

• Table 9 below lists the Designated Contract months that are to be used to determine the Lead Future and Next Future for each Index Commodity for this calculation.

• Note that as a new month begins, the Next Future (as indicated in Table 9 below) becomes the Lead Future.

• WAV1 and WAV2 are calculated on the basis of prices for the Lead Future and the Next Future, respectively.

• To illustrate, the Lead Future for natural gas in January is March, as is the Next Future, and in February the Lead Future is March and the Next Future is May.

• In addition to regular check-ins with your Area Lead/ Future High Streets Fund Delivery Support Manager, Annual Conversations will be formally used to assess how these guidelines have been implemented in individual Local Authorities and will be monitored as part of the ongoing assurance process.

• For each Lead Future in BCOM, calculate the Settlement Price in U.S. dollars for day t, multiplied by the Actual Roll Percentage for this Index Commodity, multiplied by the CIM1 for that commodity.

More Definitions of Lead Future

Lead Future means, for each Index Commodity, the futures contract month designated in Table 9 of the Methodology under the current month for each Designated Contract.

Lead Future means, for each Index Commodity, the futures contract month designated in Table 9a and 9b of the

Lead Future means (a) for an Individual Commodity Index and a Trading Day with respect thereto, the particular futures contract which is the “Lead Future” or “Lead Contract” (as defined in the Handbook) for that Individual Commodity Index on that Trading Day and (b) for a commodity comprised in a Composite Commodity Index but which is not the subject of an Individual Commodity Index and a Trading Day with respect thereto, the particular futures contract which is the “Lead Future” (as defined in the Handbook) for that commodity in relation to that Composite Commodity Index on that Trading Day

Lead Future means for each Individual Commodity Index and each Trading Day, the particular futures contract which is the “Lead Future” (as defined in the Handbook) for that Individual Commodity Index