Open Interest definition

Open Interest means the difference between (a) the sum of all Quotation Amounts stated in each Physical Settlement Buy Request that is a Valid Physical Settlement Request and (b) the sum of all Quotation Amounts stated in each Physical Settlement Sell Request that is a Valid Physical Settlement Request.

Open Interest means the difference between (i) the sum of all Quotation Amounts stated in each Physical Settlement Buy Request and (ii) the sum of all Quotation Amounts stated in each Physical Settlement Sell Request.

Open Interest or “Open Position” – means the position of a buyer or a seller of an Option, of a Future or of an OTCI.

Examples of Open Interest in a sentence

• If the Open Interest is an offer to sell Deliverable Obligations, the Open Interest will be matched against the Unmatched Limit Orders that are Bids.

• In the event that the Open Interest does not equal zero, a Subsequent Bidding Period will be conducted by the Administrators.

• After the conclusion of the Subsequent Bidding Period, the Administrators will match the Open Interest against the corresponding Unmatched Limit Orders.

• If the Open Interest is a bid to purchase Deliverable Obligations, the Open Interest will be matched against the Unmatched Limit Orders that are Offers.

• In such case, notwithstanding Sections 6 or 12(b) of these Credit Derivatives Auction Settlement Terms, all Valid Physical Settlement Requests on the same side of the market as the Open Interest (e.g., bids to purchase or offers to sell) will be matched Pro Rata, subject to the Rounding Convention, against the Valid Limit Order Submissions and Valid Physical Settlement Requests on the opposite side of the market to form Market Position Trades or Matched Limit Order Trades, as applicable.

More Definitions of Open Interest

Open Interest means Derivatives Contract that has not been exercised or delivered or payable.

Open Interest means the total value and number of Option Contracts of a Securities Broker and its clients in a particular Underlying Security which have not been subject of offsetting transactions nor reached Expiration Day. For calculation of Open Interest only one side of the Option Contract is counted;

Open Interest means position in derivatives contracts that have not yet been exercise, expired, or fulfilled by delivery or payment.

Open Interest means the open positions in the relevant Contract.

Open Interest means the total number of contracts, long or short, that have been entered into and not yet liquidated by an offsetting transaction or fulfilled by delivery.

Open Interest means the total number of Derivatives Contracts of an underlying security that have not yet been offset and closed by an opposite Derivatives transaction nor fulfilled by delivery of the cash or underlying security or option exercise. For calculation of Open Interest only one side of the Derivatives Contract is counted.

Open Interest. The total number of futures contracts outstanding (i.e. long or short positions held by traders) at a particular point in time. When a trader settles a position by liquidating an outstanding contract, total open interest declines by one. Delivery Against Futures – To complete a futures contract, all positions must be closed out. If they are not, a long or short trader will either have bought or sold cash canola at the time of contract expiry, which is referred to delivering against, or taking delivery of futures.