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Spot Level definition

Spot Level means the spot level of the Index as compiled and published by the Index Compiler.
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Spot Level means the spot level of the Index as compiled and published by the Index Compiler.Subject to Product Condition 3.3(b), upon the occurrence of a Mandatory Call Event, we must terminate the CBBCs at the Cash Settlement Amount (if any). If the Cash Settlement Amount is less than or equal to zero, you will lose all your value of investment in the CBBCs.Subject to such modification and amendment prescribed by the Stock Exchange from time to time, all trades in the CBBCs concluded via auto-matching or manually after the time of the occurrence of a Mandatory Call Event, and in the case where the Mandatory Call Event occurs during a pre-opening session or a closing auction session (if applicable), all auction trades in the CBBCs concluded in such session and all manual trades concluded after the end of the pre-order matching period in such session (“Post MCE Trades”), will be invalid and will be cancelled and will not be recognised by us or the Stock Exchange.Cash Settlement Amount upon the occurrence of a Mandatory Call Event:Upon termination of the CBBCs following the occurrence of a Mandatory Call Event, you are entitled to receive a Residual Value (if positive) in Hong Kong Dollars calculated as follows:In respect of a series of bull CBBCs:Residual Value per Board LotWhere: = (Minimum Index Level - Strike Level) x Index Currency Amount x one Board Lot Divisor
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Spot Level means the spot level of the Index as compiled and published by the Index Compiler, provided that for the purpose of determining the Spot Level as at 9:00a.m. (Hong Kong time) on the Observation Commencement Date, the closing level of the Index as compiled and published by the Index Compiler in respect of the Index Business Day immediately preceding the Observation Commencement Date will be deemed as the relevant Spot Level as at 9:00a.m. (Hong Kong time) on the Observation Commencement Date.
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Examples of Spot Level in a sentence

  • Mandatory call feature A Mandatory Call Event occurs if the Spot Level is at or below (in respect of a series of bull CBBCs) or at or above (in respect of a series of bear CBBCs) the Call Level at any time during an Index Business Day in the Observation Period.

  • Buyer may not assign or transfer this Agreement or any of its rights or obligations hereunder without SolarEdge Technologies Korea’s prior written consent, which consent may be withheld at SolarEdge Technologies Korea’s sole discretion.

  • Ty. (Type) Spot Level (Scratch)Tons SP315-D00001-01‌CITY OF DANVILLE SPECIAL PROVISION FORASPHALT PATCHING OF EXISTING ASPHALT CONCRETE PAVEMENT October 18, 2018 I.

  • Each Borrowing of Revolving Loans that includes any Eurodollar Rate Loans shall be made upon the Borrower’s irrevocable written notice delivered to the Agent in the form of a Notice of Borrowing which notice must be received by Agent prior to 1:00 p.m. (New York City time) three (3) Business Days prior to the requested Borrowing Date, specifying the amount of the Borrowing.

  • This is expressed in Units of ZAR Currency per 1 Unit of Underlying Currency MTM Spot Level (Spot Value mtm) The contract will be valued as follows: Spot Value mtm = Umtm * FXmtm Expiration Date ANNEXURE A Further Expiration Dates may be added upon request Underlying Expiration Time The time of the official closing of the Underlying on Final Valuation Date.


More Definitions of Spot Level

Spot Level means the spot level of the Index as compiled and published by Hang Seng Indexes Company Limited.
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Spot Level means the spot level of the Index as compiled and published by the Index Compiler; “Stock Exchange” means The Stock Exchange of Hong Kong Limited;
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Spot Level means the spot level of the Index as compiled and published by the Index Compiler. If the Residual Value is equal to or less than the Exercise Expenses (if any), you will lose all of your investment. At expiry If a Mandatory Call Event has not occurred during the Observation Period, the CBBCs will be terminated on the Expiry Date. A bull CBBC will be automatically exercised at expiry without the need for the holder to deliver an exercise notice if the Closing Level is above the Strike Level. The more the Closing Level is above the Strike Level, the higher the payoff at expiry. If the Closing Level is at or below the Strike Level, you will lose all of your investment in the bull CBBC. A bear CBBC will be automatically exercised at expiry without the need for the holder to deliver an exercise notice if the Closing Level is below the Strike Level. The more the Closing Level is below the Strike Level, the higher the payoff at expiry. If the Closing Level is at or above the Strike Level, you will lose all of your investment in the bear CBBC. Upon the automatic exercise of the CBBCs, the holder is entitled to a cash amount called the “Cash Settlement Amount” net of any Exercise Expenses (as defined under the heading “Exercise Expenses” in the sub-section titled “What are the fees and charges?” below) according to the terms and conditions in the Listing Documents. If the Cash Settlement Amount is equal to or less than the Exercise Expenses (if any), you will lose all of your investment in the CBBCs. • Can you sell the CBBCs before the Expiry Date?Yes. We have made an application for listing of, and permission to deal in, the CBBCs on the Stock Exchange. All necessary arrangements have been made to enable the CBBCs to be admitted into the Central Clearing and Settlement System (“CCASS”). Issue of the CBBCs is conditional upon listing approval being granted. From the Listing Date up to the Trading Day immediately preceding the Expiry Date (both dates inclusive), you may sell or buy the CBBCs on the Stock Exchange. No application has been made to list the CBBCs on any other stock exchange. The CBBCs may only be transferred in a Board Lot (or integral multiples thereof). Where a transfer of CBBCs takes place on the Stock Exchange, currently settlement must be made not later than two CCASS Settlement Days after such transfer. The Liquidity Provider will make a market in the CBBCs by providing bid and/or ask prices. See the section headed “Liquidity” below. • What is y...
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Spot Level means, unless otherwise specified in the relevant Launch Announcement and Supplemental Listing Document, the spot level of the Index as compiled and published by the Index Compiler;
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Spot Level means the spot level of the Index as compiled and published by the Index Compiler (rounded to the nearest 2 decimal places), provided that for the purpose of determining the Spot Level as at 9:00a.m. (Hong Kong time) on the Observation
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Spot Level means the spot level of the Index as complied and published by the Index Compiler. Upon the occurrence of a Mandatory Call Event, the CBBCs will terminate automatically and you may receive a Residual Value per Board Lot in Hong Kong dollars calculated as follows (if positive): In the case of a series of bull CBBCs:
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Spot Level means the spot level of the Index as published by the Index Compiler.Subject to the limited circumstances set out in the Conditions in which a Mandatory Call Event may be reversed, upon the occurrence of a Mandatory Call Event, we must terminate the Contracts, and you may receive a Cash Settlement Amount (if any). If the Cash Settlement Amount is less than or equal to zero, the Holder will lose all his value of investment in the Contracts.Subject to such modification and amendment as may be prescribed by the Stock Exchange from time to time, all Post MCE Trades will be invalid and will be cancelled, and will not be recognised by us or the Stock Exchange.
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