Spot Trades definition
Examples of Spot Trades in a sentence
Sections 1 - 3 and 15 - 38 apply generally, including to Spot Trades and to Contracts.
Sections 4 - 6 apply to Spot Trades and Sections 7 - 14 apply to Contracts.
If Member fails to settle any Spot Trade by the applicable Delivery Date or comply with a request to provide or increase credit support within such period of time as may be prescribed by the Bark from time to time, Member agrees that Vancity shall have the right, in its sole discretion, to close out and liquidate any and all unsettled Spot Trades and Sections 18, 20 and 21 shall apply in addition to any rights Vancity has hereunder, under any law or regulation, or under any other agreement.
If Client fails to settle any Spot Trade by the applicable Delivery Date or comply with a request to provide or increase credit support within such period of time as may be prescribed by the Bark from time to time, Client agrees that the Bank shall have the right, in its sole discretion, to close out and liquidate any and all unsettled Spot Trades and Sections 18, 20 and 21 shall apply in addition to any rights the Bank has hereunder, under any law or regulation, or under any other agreement.