Underlying Futures definition

Underlying Futures means the underlying futures contract upon which the Event Contract is based.
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Underlying Futures means the underlying futures contract upon which the Event Contract is based. 2302. EVENT CONTRACTS CHARACTERISTICS2302.A. Trading ScheduleEvent Contracts shall be listed for Expiration on such dates and shall be scheduled for trading during such hours as may be determined by the Exchange.2302.B. Trading UnitPrices shall be quoted in U.S. dollars and cents per Event Contract.2302.C. Price IncrementsEvent Contracts shall be quoted with a price range from zero (0) to twenty (20) equal to $0.00 - $20.00. The minimum price increment for each Event Contract shall be 0.25 equal to $0.25.2302.D. Strike Price Listing ScheduleOn any Business Day, and subject to Rule 2302.A., the Exchange shall list for trading all Put and Call Event Contracts at such strike intervals and such range of strike prices as set forth in the Strike Price Listing and Exercise Procedures Table.Additional strikes may be listed for trading, and strikes scheduled to be listed for trading may be suspended at the sole discretion of the Exchange2302.E. Termination of TradingTrading shall terminate at the end of the daily settlement period for the Underlying Futures, on the Expiration Date that the Event Contract was listed for.2302.F. Position Limits, Exemptions, Position Accountability and Reportable LevelsThe applicable position limits and accountability levels are set forth in the Position Limit, Position Accountability and Reportable Level Table in the Interpretations & Special Notices Section of Chapter 5.A Person seeking an exemption from position limits for bona fide commercial purposes shall apply to the Market Regulation Department on forms provided by the Exchange, and the Market Regulation Department may grant qualified exemptions in its sole discretion.Refer to Rule 559 for requirements concerning the aggregation of positions and allowable exemptions from the specified position limits.2302.G. Settlement ValueThe Settlement Value of each Event Contract shall be determined by the Exchange as the daily settlement price of the Principal Contract Month of the Underlying Futures at Expiration.
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Underlying Futures means, for each Class of CSAL Commodity Security, the underlying futures specified in the table in Section 3.1;
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Examples of Underlying Futures in a sentence

  • For purposes of automatic exercise and abandonment of an Option, any Option at a Strike Price that is equal to the Settlement Price of the Underlying Futures Contract shall be treated as “out of the money”.

  • Contract Symbol: FSF: Vintage 2020; FSG: Vintage 2021; FSH: Vintage 2022; FSI: Vintage 2023; CB4: Vintage 2024; CB5: Vintage 2025 Settlement Method: Exercise into Underlying Futures Contract Contract Size: 1 California Carbon Allowances Futures Currency: USD Minimum Price Fluctuation: The price quotation convention shall be One tenth of one cent ($0.001) per Allowance; minimum price fluctuation may vary by trade type.

  • To have a long position with respect to an Underlying Futures Contract means to be under an obligation to take delivery of the underlying commodity.

  • As the Holder of an option, you may exercise your right to buy or sell the Underlying Futures Contract at any time before the Expiration Date of the option.

  • Notwithstanding the availability of such information, however, specific market movements in the price of the Underlying Futures Contract cannot be accurately predicted.

  • A Put Option on the other hand gives the Holder the right to sell and the Writer the obligation to buy the Underlying Futures Contract.

  • If the exercise notice involves a Call Option that you have written, you will be required to sell the Underlying Futures Contract, thereby assuming a short position in the futures contract market.

  • Whether you are a Holder or a Writer of an option, if as a result of an exercise of the option you assume a position in the Underlying Futures Contract, you will be subject to the margin requirements for and all of the risks associated with futures contract trading.

  • If you exercise a Call Option, you will buy the Underlying Futures Contract, thereby assuming a long position in the futures contract market.

  • A Call Option gives the Holder the right to buy and the Writer the obligation to sell the Underlying Futures Contract.

Related to Underlying Futures

  • Underlying Fund means a collective investment scheme (including exchange traded funds) which will be daily dealing, open-ended and may be listed or unlisted and will be domiciled in, in the case of regulated funds in an EU/EEA Member State authorised under the European Communities (Undertakings for Collective Investment in Transferable Securities) Regulations, 2011 as amended (the "UCITS Regulations") or authorised under domestic legislation implementing the UCITS Regulations (category 1 investment funds pursuant to the AIF rulebook ("Category 1")), or authorised in an EU Member State (category 2 investment funds pursuant to the AIF rulebook ("Category 2")), Guernsey where authorised as "Class A Schemes" (Category 1) or "Class B Schemes" (Category 2), Jersey where established either as "Recognised Funds" (Category 1) or as funds that are not "Recognised Funds" (Category 2), the Isle of Man as "Authorised Schemes" (Category 1) or "unauthorised schemes" (Category 2), and any investment funds authorised by the US Securities and Exchanges Commission under the Investment Companies Act 1940 (Category 2). The AIFM will confirm to the Central Bank that any new Category 2 investment funds will comply in all material respects with the requirements applicable to a Retail Investor Alternative Investment Fund pursuant to the AIF Rulebook. In the case of unregulated funds, these will be domiciled in Australia, Hong Kong, South Africa, Bermuda, British Virgin Islands, the Cayman Islands, Singapore or Mauritius and will follow an investment strategy that seeks to provide capital appreciation to its investors through direct investment in transferable securities in the form of cash and/or cash equivalents, global equities, REITs, global bonds and global equity linked securities (which may include, but are not limited to, such instruments as common stock preference shares and other securities with equity characteristics or conferring the right to acquire equity securities, such as depository receipts and shares) which are listed on Recognised Markets (as set out in Appendix II of the Prospectus). Underlying Funds may not be leveraged. The Underlying Funds must comply with the investment restrictions of the Fund as outlined below.

  • underlying interest means, for a derivative, the security, commodity, financial instrument, currency, interest rate, foreign exchange rate, economic indicator, index, basket, agreement, benchmark or any other reference, interest or variable, and, if applicable, the relationship between any of the foregoing, from, to or on which the market price, value or any payment obligation of the derivative is derived, referenced or based; and

  • Underlying Asset means the object or underlying asset in a CFD which may be Currency Pairs (for FX Contracts), Equity Indices, base or precious Metals, Forwards, Commodities, Stocks, Shares Indices and Futures. It is understood that the list is subject to change and Clients must refer each time on the Trading Platform.

  • Underlying Securities means any securities issuable on conversion, exchange or exercise of compensation securities.

  • Underlying Obligor means with respect to an Underlying Obligation, the issuer in the case of a Bond, the borrower in the case of a Loan, or the principal obligor in the case of any other Underlying Obligation.

  • Underlying Assets With respect to a Loan, any property or other assets designated and pledged as collateral to secure repayment of such Loan, including, without limitation, to the extent provided for in the relevant Underlying Instruments, a pledge of the stock, membership or other ownership interests in the related Obligor and all Proceeds from any sale or other disposition of such property or other assets.

  • Underlying Note means the one or more promissory notes executed by an obligor evidencing a Loan.

  • Freddie Mac Federal Home Loan Mortgage Corporation, a corporate instrumentality of the United States created and existing under Title III of the Emergency Home Finance Act of 1970, as amended, or any successor thereto.

  • Underlying Instrument means the instrument, index, commodity, currency (including currency pair) or other instrument, asset or factor whose price or value provides the basis for us to determine Our Price for a Market.

  • Underlying means the Underlying as specified in § 1 of the Product and Underlying Data.