Metal Entitlement definition

Metal Entitlement means as at any date and in relation to any Share the amount(s) of Bullion to which the Shareholder is entitled on Redemption of that Share on that date in accordance with the Conditions;
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Metal Entitlement means the relevant amount of Bullion to which a Holder of a Metal Share is entitled on each day, calculated in accordance with Section 2.2 of this Prospectus;
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Metal Entitlement means in respect of a calendar day and a number of Metal Securities of a Class, an amount of Metal equal to the Metal Entitlement per Security with respect to that Class multiplied by that number.
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Examples of Metal Entitlement in a sentence

  • A Securityholder is entitled to require redemption of the Metal Security and on the redemption settlement date receive an amount of Metal (or cash) equal to the relevant Metal Entitlement.

  • The Metal Entitlement for The Royal Mint Physical Gold ETC Securities at the date trading initially commenced in February 2020 was 0.01 fine troy ounce of gold.

  • No Event of Default will occur as a result of any such withholding or deduction.(x) Any disruption to a Price Source or Relevant Association may affect the Value per ETC Security of the ETC Securities and in the case of FX Hedged ETC Securities, the Metal Entitlement per ETC Security.

  • Certain events, such as where there is a disruption to the trading of the relevant Metal or, for FX Hedged ETC Securities, foreign exchange futures contracts or where the Programme Counterparty is not able to adequately protect itself in respect of its risk under the Balancing Agreement, may lead to a delay or use of an adjusted method in the calculation and publication of the Metal Entitlement per ETC Security and the Value per ETC Security and/or result in the early redemption of the ETC Securities.

  • The Metal Entitlement for The Royal Mint Physical Gold ETC Securities at the date trading commenced is 0.01 fine troy ounce of gold.

  • Whenever there is a transfer in ownership of a Metal Share, there is a corresponding transfer in the ownership of the Metal Entitlement applicable to that Metal Share.

  • The economic value of each Metal Security lies in the Metal Entitlement which is carried around with each Metal Share.

  • Offer price - The offer price per Metal Security will be the delivery of the Metal Entitlement specified in the Final Terms, subject to any applicable fees.

  • Such difference may be caused by the deduction of the Product Fee in the calculation of the Metal Entitlement per ETC Security since the previous Observation Date.

  • Expenses - The Metal Entitlement per Security is reduced each day from the first day of listing and trading On- Exchange by the total expense ratio in respect of the relevant Class.


More Definitions of Metal Entitlement

Metal Entitlement means the relevant amount of Bullion to which a Holder of a Metal Share is entitled on each
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Metal Entitlement means as at any date and in relation to any Industrial Metal Security the amount(s) of Metal to which the Security Holder is entitled on Redemption of that Industrial Metal Security on that date in accordance with Condition 5 (Metal Entitlement and Price);
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Metal Entitlement means as at any date and in relation to any Metal Security theamount(s) of Bullion to which the Security Holder is entitled on Redemption of that Metal Security on that date in accordance with Condition 5 (Metal Entitlement)
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Metal Entitlement means evidence of an entitlement to Underlying Metal (including a warehouse warrant, warehouse receipt or other document representing or acknowledging receipt of Underlying Metal) issued by or on behalf of a Warehouse and which meets the requirements of Regulation 3.2.4Error! Reference source not found. of the LMEsword Regulations;
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Metal Entitlement means as at any date and in relation to any Metal Security the
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Related to Metal Entitlement

  • Entitlement means the entitlement specified as such in the definition of the relevant Series, subject to any adjustment in accordance with Product Condition 4;

  • Clearance System means the principal domestic clearance system customarily used for settling trades with respect to the Underlying as determined by the Calculation Agent acting in accordance with relevant market practice and in good faith.

  • Settlement System Code means the specifications, standards, methods, calculations and conventions established under the AUC Settlement System Code Rule 021, as amended or replaced from time to time;