Position Settlement definition

Position Settlement means the Monthly process used by Carrier to balance Shipper positions by financially settling individual Shipper pipeline overages and shortages (including losses for shrinkage and evaporation incident to Carrier transportation) on the Pipeline System for the preceding month, thereby resulting in the balancing of all Shipper positions from one Month to the next.
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Examples of Position Settlement in a sentence

  • Release of held Trades As they obtain sufficient Securities in the Third-Party General Accounts to attend to the Position Settlement, the Settlement Participants will release the sell Trades previously held.

  • What this means in practice is e.g. that the government cannot record the same data (like an address) in several databases, but only in e.g. the civil registry.

  • Position Settlement FailsArticle 37: Relationship between BME CLEARING and settlement systems.

  • Shipper position imbalances will be settled using a two-step process in accordance with Carrier’s procedures posted on Carrier’s website, involving both Position Settlement and Position Settlement Cost Recovery.

  • Position Settlement will only involve settlement of commodity value, with charges based on volumes Tendered at the applicable Receipt Point in accordance with the Tariff.

  • In the cases in which it is impossible to comply with the Securities delivery obligations corresponding to the Position Settlement as a result of insolvency or bankruptcy proceedings of an issuer, or as a result of an administrative or judicial order, BME CLEARING may perform the Cash Settlement of the Positions, without being subject to the Cash Settlement calculation rules stipulated in section 14.6 of these General Conditions.

  • As security, the Company has granted RKE a charge over the shares of La Arena S.A.The Company also entered into a Gold Purchase Agreement with RKE whereby RKE agrees to buy up to 622,210 ounces of gold based on the lower of prices quoted on either the London Gold Market AM Fixing Price as published by the London Bullion market Association or the Comex (1st Position) Settlement Price over defined periods of time.

  • Risk Management and Derivatives, Transaction, Translation and Economic Risk Faced by Corporate, Transaction, Position, Settlement, Pre-settlement, Gap/Mismatch Risk faced by Banks, Internal and External Hedging, Foreign Currency Derivative Instruments for Risk Management, Forward, Futures, Swaps and Options, Country Risk Management.

  • Pursuant to Carrier’s Position Settlement Cost Recovery procedure, a Shipper subject to Position Settlement for a Month will be charged or credited in an amount equal to that Shipper’s pro rata share of its deliveries off the Pipeline System for a given Month, multiplied by the total cost of settlement during the same Month.

  • If either the London Gold Market AM Fixing Price or the Comex (1st Position) Settlement Price ceases to exist, ceases to be published or should no longer be internationally recognized as the basis for the settlement of bullion contracts, then, upon the request of either party, the Buyer and the Seller will promptly consult together with a view to agree on a new pricing basis and on the date for bringing such basis into effect.

Related to Position Settlement

  • PJM Settlement or “PJM Settlement, Inc.” shall mean PJM Settlement, Inc. (or its successor), established by PJM as set forth in Section 3.3 of the Operating Agreement.

  • Optional Redemption Settlement Date means the second Valuation Date after the Optional Redemption Pricing Date, provided that such Valuation Date is not a Disrupted Day and that such Valuation Date is both a Currency Business Day and a Clearing System Business Day.

  • CCASS Settlement Day means the term “Settlement Day” as defined in the General Rules of CCASS.

  • Day-ahead Settlement Interval means the interval used by settlements, which shall be every one clock hour.