Commodity Positions Clause Samples
The 'Commodity Positions' clause defines the rules and limitations regarding a party's holdings or exposure in specific commodities under the agreement. It typically outlines how positions are measured, reported, and monitored, and may set maximum allowable limits to prevent excessive risk or regulatory breaches. This clause helps ensure compliance with applicable laws and exchange rules, and manages the risk of market manipulation or over-concentration in commodity markets.
Commodity Positions. Promptly upon the initial and any subsequent approval by the Sponsor, a written summary of (i) authorized aggregate open position and value at risk limits with respect to any commodity ▇▇▇▇▇▇ and (ii) approved financial and physical commodity instruments.