Examples of Physical Settlement Request in a sentence
We hereby notify you that it is our intention that, pursuant to the Credit Derivatives Auction Settlement Terms, any Dealer Physical Settlement Request we submit with respect to an Auction will, at the time of submission, be, to the best of our knowledge and belief, on the same side of the market as, and will not exceed, our Market Position.
Each Customer Physical Settlement Request submitted to a Participating Bidder must be, to the best of the relevant customer's knowledge and belief, on the same side of the market as, and (when aggregated with all other Customer Physical Settlement Requests, if any, submitted by such customer and/or the Affiliates of such customer to one or more other Participating Bidders) not in excess of, such customer's Market Position.
We acknowledge and agree that the acceptance of this Customer Physical Settlement Request is contingent on satisfaction of your internal credit approvals.
Each Unmatched Limit Order that is matched to the Open Interest under Section 12(b)(i) or 12(b)(ii) of these Credit Derivatives Auction Settlement Terms is a "Matched Limit Order", and each such match between a Matched Limit Order and a Valid Physical Settlement Request is a "Matched Limit Order Trade".
If the Administrators become aware of a corrected Valid Physical Settlement Request, if any, at least thirty minutes prior to the beginning of the Subsequent Bidding Period, the Administrators will determine the Open Interest based on the corrected Valid Physical Settlement Request and publish the corrected Initial Bidding Information no later than fifteen minutes prior to the beginning of the Subsequent Bidding Period.
A Participating Bidder may elect, in its sole discretion, to accept a Customer Physical Settlement Request that is larger than (or on the opposite side of the market as) the relevant customer's Dealer-Specific Market Position with respect to such Participating Bidder and/or the Affiliates of such Participating Bidder.
Each Dealer Physical Settlement Request must be, to the best of the relevant Participating Bidder's knowledge and belief, on the same side of the market as, and not in excess of, the Market Position of such Participating Bidder and/or the Affiliates of such Participating Bidder.
In the event of the occurrence of a Currency Rate Delayed Auction Date, each previously submitted Customer Physical Settlement Request and Dealer Physical Settlement Request shall be deemed to be revoked and must be re-submitted pursuant to Section 3 or 4, as applicable, of these Credit Derivatives Auction Settlement Terms as if the Auction had originally been scheduled to take place on the relevant Currency Rate Delayed Auction Date.
If a Participating Bidder becomes aware that its Valid Physical Settlement Request (without regard to the Customer Physical Settlement Requests that formed a part of such Participating Bidder's Valid Physical Settlement Request) is on the opposite side of the market from, or is greater than, such Participating Bidder's Market Position, such Participating Bidder will immediately notify the Administrators and will submit a corrected Physical Settlement Request.
Otherwise, the Administrators will not re- calculate the Open Interest or the Auction Final Price, all Auction Covered Transactions will settle according to the Auction Final Price published by the Administrators, and all Participating Bidders will be required to comply with the terms of the Market Position Trade or Matched Limit Order Trade, as applicable, if any, of which the relevant Valid Physical Settlement Request forms a part.