Open Contract or open contract definition

Open Contract or open contract means a Contract made with a Member on the terms (subject to variation of such terms as provided in the Regulations) of an original contract or a Contract made with a Member on the terms set out in the Regulations and/or any agreement entered into with the Member, which, in either case, has not been closed-out, settled or invoiced back in accordance with the Regulations and the Procedures. The term "open contract" shall include, where relevant, an option contract and a delivery contract, but shall not include a settlement contract, a re-opening contract or a closing-out contract"open contract subject to tender"means either (i) a Cleared Exchange Contract made with a Member on the terms (unless otherwise provided in the Regulations) of an original exchange contract or (ii) a Listed Interest Rates Contract, in either case in respect of which a tender has been given, which has not been closed out, settled or invoiced back in accordance with the Regulations and the Procedures, and shall include, except where the context otherwise requires, a delivery contract"Open Offer for LSE Derivatives Markets"means the open offer made by the Clearing House in respect of an LSE Derivatives Markets Match under Regulation 77(c)"option"means a right to enter into a contract for the sale or purchase of a (i) commodity (ii) security, (iii) contract for difference, or (iv) delivery contract"option contract"means a contract for an option on the terms of (i) an exchange contract or (ii) a Listed Interest Rates Contract"original contract"means an original exchange contract, EquityClear Novation Transaction, an OTC Transaction other than a Repo Trade, Bond Trade or GC Trade, or a Listed Interest Rates Novation Transaction
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Open Contract or open contract means a Contract made with a Member on the terms (subject to variation of such terms as provided in the Regulations) of an original contract or a Contract made with a Member on the terms set out in the Regulations and/or any agreement entered into with the Member, which, in either case, has not been closed-out, settled or invoiced back in accordance with the Regulations and the Procedures. The term "open contract" shall include, where relevant, an option contract and a delivery contract, but shall not include a settlement contract, a re-opening contract or a closing-out contract
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Open Contract or open contract. Means an FCM Contract which has not been closed-out, settled or invoiced back in accordance with the FCM Regulations and the FCM Procedures. The terms “Open Contract” and “open contract” shall not include a Closing-out Contract. Option - Means a right (but not the obligation) pursuant to an FCM Option Contract, to enter into a Cash-Settled FCM Exchange Contract or a Physically-Settled FCM Exchange Contract. Other Specific Regulations - Means the Clearing House’s Default Rules, Default FundRules, Settlement Finality Regulations and related Definitions and provisions relating to construction as published and amended by the Clearing House from time to time. Permitted Depository - Means “Permitted Depository” as such term is defined inCFTC Regulations 22.1 and 22.4. Physically-Settled FCM Exchange Contract- Means an FCM Exchange Contract between the Clearing House and an FCM Clearing Member: (i) for the sale and purchase of a commodity that is the result of the exercise of an Option pursuant to these FCM Regulations; or (ii) for the sale and purchase of a commodity for delivery on the date specified in the FCM Exchange Contract or on the date agreed between the parties. Portfolios - Has the meaning assigned to it in either (i) the SwapClear DMP Annex of the Default Rules or (ii) the ForexClear DMP Annex of the Default Rules, as applicable. Porting FCM Contracts - Has the meaning assigned to it in FCM Regulation 8(c). Price - Means, in the case of an FCM Contract, the price calculated by the Clearing House in accordance with the FCM Regulations and the FCM Procedures. ProductPremium - Means a category of FCM Contracts which, except to theextent otherwise set forth in the FCM Procedures, consist of each of the following categories: (1) FCM SwapClear Contracts, (2) FCM ForexClear Contracts, and (3) FCM EnClear Contracts.The consideration for the selling of an Option payable by the Buyer in accordance with these FCM Regulations and the FCM Procedures. Product - Means a Swap Product or a Futures Product. Prompt Date - In respect of an FCM Exchange Contract, has the meaning ascribed to it in the Exchange Rules governing such FCM Exchange Contract. Proprietary Account - Means the house account with the Clearing Houseopened in the name of an FCM Clearing Member to which FCM Contracts made by the FCM Clearing Member for its own account or accounts of its Affiliates (but never accounts of its FCM Clients) are registered and to which monies in respect of such FCM Contrac...
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More Definitions of Open Contract or open contract

Open Contract or open contract. Means an FCM SwapClear Contract which has not been closed-out, settled or invoiced back in accordance with the FCM Regulations and the FCM Procedures. The terms “Open Contract” and “open contract” shall not include a Closing-out Contract. Other Specific Regulations - Means the Clearing House‟s Default Rules, Default FundRules, Settlement Finality Regulations and related Definitions and provisions relating to construction as published and amended by the Clearing House from time to time. Permitted Depository- Means “Permitted Depository” as such term is defined in CFTC Regulations 22.1 and 22.4.Portfolios - Has the meaning assigned to it in the SwapClear DMPAnnex of the Default Rules. Price - Means, in the case of an FCM SwapClear Contract, the price calculated by the Clearing House in accordance withRegulations or the FCM Procedures. Standard Terms - Means that part of the FCM SwapClear Contract Termsdesignated as Standard Terms by the Clearing House from time to time. Suspension Sub-Account- Has the meaning assigned to such term in FCM Regulation 5(o)(ii).SwapClear Clearing Member - Means a person who is designated as such by theClearing House pursuant to the UK General Regulations and who is not an FCM Clearing Member. SwapClear DMP - Has the meaning assigned to it in the SwapClear DMPAnnex of the Default Rules. UK General Regulations - Means the Default Rules, the Default Fund Rules and theSettlement Finality Regulations, and the Clearing House‟s General Regulations from time to time in force. Unallocated Excess- Has the meaning assigned to such term in FCM Regulation 10(h)(v)(A).Unallocated Excess Sub- Account- Has the meaning assigned to such term in FCM Regulation 10(h)(iii).Unallocated FCM SwapClear - Has the meaning assigned to such term in FCMContract Regulation 5(o)(ii). Unallocated FCM SwapClear - Has the meaning assigned to such term in FCMTransaction Regulation 5(o)(i).Variation Margin - Means an amount determined by the Clearing House inaccordance with the FCM Procedures in respect of original contracts or Open Contracts (as the case may be) by reference to the difference between the contract value of such contracts (as determined in accordance with the FCM Procedures) and the value of such contracts at the Reference Price or at such other prices as the Clearing House may determine pursuant to the FCM Procedures, in respect of which FCM Clearing Members may be required to provide cover in such amount to the Clearing House in accordance with th...
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Open Contract or open contract means Affiliated Omnibus Segregated Clearing Clients or Identified Omnibus Segregated Clearing Clients (as applicable) in respect of whom the relevant Clearing Member clears Contracts with the Clearing House in an Omnibus Gross Segregated Account means an account opened within the Clearing House by a Clearing Member or an FCM which enables the relevant Clearing Member or FCM (as applicable) to distinguish its assets and positions from the assets and positions held for the account of its clients (or a group of clients). For the avoidance of doubt, the term includes Identified Client Omnibus Segregated Accounts, Affiliated Client Omnibus Segregated Accounts, Non-Identified Client Omnibus Net Segregated Accounts and Indirect Net Accounts means, in respect of an individual Identified Omnibus Segregated Clearing Client or an individual Affiliated Omnibus Segregated Clearing Client, such part of the Clearing Member Current Collateral Balance of the relevant Omnibus Segregated Account which is attributed by the Clearing House to the relevant client (together with any receivables, rights, intangibles and any other collateral or assets deposited or held with the Clearing House in connection with such an account) means an Identified Omnibus Segregated Clearing Client, an Affiliated Omnibus Segregated Clearing Client, a Non- Identified Omnibus Segregated Clearing Client and/or an Indirect Net Account Clearing Client means a Contract made with a Member on the terms (subject to variation of such terms as provided in the Regulations) of an original contract or a Contract made with a Member on the terms set out in the Regulations and/or any agreement entered into with the Member, which, in either case, has not been closed-out, settled or invoiced back in accordance with the Regulations and the Procedures. The term "open contract" shall include, where relevant, an option contract and a delivery contract, but shall not include a settlement contract, a re-opening contract or a closing-out contract Deleted: and Deleted: and/or Deleted: SeptemberClearing House : General Regulations - 50- October 2017
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Related to Open Contract or open contract

  • contract or transaction means any transaction of whatever form and whatever the applicable law, whether comprising one or more contracts or similar obligations made between the same or different parties; for this purpose ‘contract’ includes a bond, guarantee or indemnity, particularly a financial guarantee or financial indemnity, and credit, whether legally independent or not, as well as any related provision arising under, or in connection with, the transaction;

  • sub-contract means the primary contractor’s assigning, leasing, making out work to, or employing, another person to support such primary contractor in the execution of part of a project in terms of the contract;

  • Sub-contracting means the primary contractor’s assigning or leasing or making out work to, or employing another person to support such primary contractor in the execution of part of a project in terms of the contract.

  • Sub-Contractor means the person named in the Contract for any part of the works or any person to whom any part of the contract has been sublet by the contractor with the consent in writing of the Engineer-in-charge and will include the legal representatives, successors and permitted assigns of such persons.

  • Labor peace agreement means an agreement between an entity and a

  • CEA means the Commodities Exchange Act, as amended.