Referenced Futures Contract definition

Referenced Futures Contract means and “Referenced Futures Contracts” mean, in respect of: (i) HBU, HBD and HUG, the gold futures contract “GC” traded on the Chicago Mercantile Exchange; (ii) HOU and HOD, the light sweet crude oil futures contract “CL” traded on the Chicago Mercantile Exchange; (iii) HNU and HND, the natural gas futures contract “NG” traded on the Chicago Mercantile Exchange; (iv) HZU, HZD and HUZ, the silver futures contract “SI” traded on the Chicago Mercantile Exchange; (v) HUC, the December WTI light sweet crude oil futures contract “CL” traded on the Chicago Mercantile Exchange; (vi) HUN, the January natural gas futures contract “NG” traded on the Chicago Mercantile Exchange; and (vii) BITI, the CME Bitcoin (USD) futures contracts traded under the ticker “BTC” on the Chicago Mercantile Exchange.
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Referenced Futures Contract or means for each ETF, the futures contract as set out under the heading “Investment Objectives” at page 5. See also “Other Material Facts – Futures Contract Information” at page 78;
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Examples of Referenced Futures Contract in a sentence

  • This effect becomes more pronounced as the volatility of the Referenced Futures Contract increases.

  • However, the performance of the ETF is primarily affected by the performance of its Forward Agreement(s), which are rebalanced daily and is tied to the performance of the Referenced Futures Contract.

  • The ETF’s returns over periods longer than one day will likely differ in amount and possibly direction from the perfor- mance of the Referenced Futures Contract for the same period.

  • The Forward Agreements provide both positive exposure to the Referenced Futures Contract and negative exposure to the Referenced Futures Contract.

  • Per the above, it can be concluded that for any given benchmark return, increased volatility will negatively impact the relative period performance of the ETF to its Referenced Futures Contract.

  • Each Forward Agreement with a Forward Counterparty in which the ETF is provided with exposure that corresponds posi- tively with the exposure to the Referenced Futures Contract requires the ETF to pay the Forward Counterparty an agreed notional amount.

  • In return, the ETF pays the Forward Counterparty the value of the notional investment, plus an amount based upon any increase or decline in the Referenced Futures Contract.

  • Each Forward Agreement with a Forward Coun- terparty in which the ETF is provided with exposure that corresponds negatively with the exposure to the Referenced Futures Contract requires the Forward Counterparty to pay the ETF an agreed notional amount.

  • In return, the Forward Counterparty pays the ETF the value of the notional investment, plus an amount based upon any increase or decline in the Referenced Futures Contract.

  • The ETF’s returns over periods longer than one day will likely differ in amount and possibly direction from the inverse per- formance of the Referenced Futures Contract for the same period.

Related to Referenced Futures Contract

  • Futures Contract means a Financial Futures Contract and/or Stock Index Futures Contracts.

  • Financial Futures Contract means the firm commitment to buy or sell fixed income securities including, without limitation, U.S. Treasury Bills, U.S. Treasury Notes, U.S. Treasury Bonds, domestic bank certificates of deposit, and Eurodollar certificates of deposit, during a specified month at an agreed upon price.

  • Stock Index Futures Contract means a bilateral agreement pursuant to which the parties agree to take or make delivery of an amount of cash equal to a specified dollar amount times the difference between the value of a particular stock index at the close of the last business day of the contract and the price at which the futures contract is originally struck.

  • Futures Contract Option means an option with respect to a Futures Contract.

  • Credit Risk Management Agreement The respective agreements between the Credit Risk Manager and the Servicer and/or Master Servicer regarding the loss mitigation and advisory services to be provided by the Credit Risk Manager.

  • Commodity Futures Trading Commission means the independent regulatory agency established by congress to administer the Commodity Exchange Act.

  • Raw agricultural commodity means any food in its raw or natural state including fruits that are washed, colored, or otherwise treated in their unpeeled natural form before marketing.

  • Agricultural commodity means all agricultural, aquacultural, silvicultural, horticultural, floricultural, or viticultural products, livestock or livestock products, Christmas trees, bees, maple syrup, honey, commercial fish or fish products, and seeds produced in this state, either in their natural state or as processed by the producer of the commodity. The kinds, types, and subtypes of products to be classed together as an agricultural commodity for the purposes of this act shall be determined on the basis of common usage and practice.

  • securities contract — ‘‘(A) means—

  • Credit-sale contract means a written contract for the sale of grain pursuant to which the sale price is to be paid or may be paid more than thirty days after the delivery or release of the grain for sale and which contains the notice provided in subsection 7 of section 60-02.1-14. If a part of the sale price of a contract for the sale of grain is to be paid or may be paid more than thirty days after the delivery or release of the grain for sale, only such part of the contract is a credit-sale contract.

  • Commodity means any material, article, supply, goods, or equipment.

  • Credit Risk Manager Fee The fee payable to the Credit Risk Manager on each Distribution Date for its services as Credit Risk Manager, in an amount equal to one-twelfth of the Credit Risk Manager Fee Rate multiplied by the Stated Principal Balance of the Mortgage Loans immediately prior to such Distribution Date. Credit Risk Manager Fee Rate: 0.0165% per annum.

  • Treasury Management Agreement means any agreement governing the provision of treasury or cash management services, including deposit accounts, overdraft, credit or debit card, funds transfer, automated clearinghouse, zero balance accounts, returned check concentration, controlled disbursement, lockbox, account reconciliation and reporting and trade finance services and other cash management services.

  • Credit Risk Manager’s Fee With respect to any Distribution Date and each Mortgage Loan, an amount equal to the product of (a) one twelfth, (b) the Credit Risk Manager’s Fee Rate and (c) the Scheduled Principal Balance of such Mortgage Loan as of the first day of the related Collection Period. Credit Risk Manager’s Fee Rate: 0.015% per annum.

  • sales contract means a contract under which a trader transfers or agrees to transfer the ownership of goods to a consumer and the consumer pays or agrees to pay the price, including any contract that has both goods and services as its object. Conformity

  • Credit Risk Management Fee The amount payable to the Credit Risk Manager on each Distribution Date as compensation for all services rendered by it in the exercise and performance of any and all powers and duties of the Credit Risk Manager under the Credit Risk Management Agreements, which amount shall equal one twelfth of the product of (i) the Credit Risk Management Fee Rate multiplied by (ii) the Stated Principal Balance of the Mortgage Loans and any related REO Properties as of the first day of the related Due Period.

  • Recognised Futures Exchange means an international futures exchange which is recognised by the SFC or which is approved by the Manager.

  • Hedging Contracts means all Interest Rate Contracts, foreign exchange contracts, currency swap or option agreements, forward contracts, commodity swap, purchase or option agreements, other commodity price hedging arrangements, and all other similar agreements or arrangements designed to alter the risks of any Person arising from fluctuations in interest rates, currency values or commodity prices.

  • Derivatives Contract means a contract between two parties (the “Receiving Party” and the “Counterparty”) that is designed to expose the Receiving Party to economic benefits and risks that correspond substantially to the ownership by the Receiving Party of a number of shares in the capital of the Company or securities convertible into such shares specified or referenced in such contract (the number corresponding to such economic benefits and risks, the “Notional Securities”), regardless of whether obligations under such contract are required or permitted to be settled through the delivery of cash, shares in the capital of the Company or securities convertible into such shares or other property, without regard to any short position under the same or any other Derivatives Contract. For the avoidance of doubt, interests in broad-based index options, broad-based index futures and broad-based publicly traded market baskets of stocks approved for trading by the appropriate governmental authority shall not be deemed to be Derivatives Contracts;

  • Hedging Contract means (a) any agreement providing for options, swaps, floors, caps, collars, forward sales or forward purchases involving interest rates, commodities or commodity prices, equities, currencies, bonds, or indexes based on any of the foregoing, (b) any option, futures or forward contract traded on an exchange, and (c) any other derivative agreement or other similar agreement or arrangement.

  • Cap Contract Any of the Class A-1 Cap Contract, the Class A-2 Cap Contract or the Subordinate Certificates Cap Contract.

  • Services Contract means an agreement for the provision of Services entered into with a Provider by one or more of the Partners in accordance with the relevant Individual Scheme. Service Users means those individual for whom the Partners have a responsibility to commission the Services. SOSH means the Secretary of State for Health.

  • Hedging Disruption means that the Issuer is unable, after using commercially reasonable efforts, to (A) acquire, establish, re-establish, substitute, maintain, unwind or dispose of any transaction(s) or asset(s) it deems necessary to hedge the risk of issuing and performing its obligations with respect to the Securities, or (B) realise, recover or remit the proceeds of any such transaction(s) or asset(s).

  • ISDA Master Agreement An ISDA Master Agreement (Multicurrency-Cross Border) in the form published by ISDA in 1992 including the schedule thereto.

  • Commodity Agreement means any commodity futures contract, commodity swap, commodity option or other similar agreement or arrangement designed to protect against fluctuations in the price of commodities or to otherwise manage commodity prices or the risk of fluctuations in commodity prices.

  • Open Market Sale Agreement is a service mark of Xxxxxxxxx LLC