Principal Contract Month definition

Principal Contract Month means the expiration month of the Underlying Futures, as identified by the Exchange, to which the Event Contract will base its settlement on, as set forth in the Strike Price Listing and Exercise Procedures Table.
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Examples of Principal Contract Month in a sentence

  • Event Contracts are daily-expiring, cash-settled, European style, premium style, options on futures contracts.Each Event Contract shall expire on the Expiration Date to the daily settlement price of the Principal Contract Month of the Underlying Futures as calculated by the Exchange at a time determined by the Exchange.An Event Contract gives the right to receive a fixed Settlement Value per Contract on the Settlement Date.The following Rules set forth the terms of Event Contracts.

Related to Principal Contract Month

  • principal contractor means an employer appointed by the client to perform construction work;

  • Monthly Payment Amount means, with respect to each Payment Date, a payment equal to the amount of interest which has accrued during the related Interest Accrual Period, computed at the Interest Rate.

  • Monthly Investor Report has the meaning stated in Section 3.5(a) of the Sale and Servicing Agreement.

  • Interest Accrual Period means the period beginning on (and including) the Interest Commencement Date and ending on (but excluding) the first Interest Period Date and each successive period beginning on (and including) an Interest Period Date and ending on (but excluding) the next succeeding Interest Period Date.