Contract months Clause Samples
The "Contract months" clause defines the specific calendar months during which a contract, such as a futures or options agreement, is available for trading or settlement. In practice, this clause lists the months in which parties can enter into or fulfill contractual obligations, such as March, June, September, and December for many financial instruments. By clearly specifying the eligible months, this clause ensures that all parties are aware of the timeframes for contract activity, thereby reducing confusion and aligning expectations regarding contract availability and settlement periods.
Contract months. All months.
Contract months. Monthly cycle.
Contract months. The contract months shall be the months set out in Appendix A. Malaysia 10:30 hours to 12:30 hours and 15:00 hours to 18:00 hours CONTRACT SETTLEMENT FINAL TRADING DAY Trading in the current delivery month will cease on the fifteenth (15th) day of that month or, if the fifteenth (15th) day is a non Business Day, on the last Business Day preceding the fifteenth (15th) day. Trading in such delivery months shall cease at 1200 hours on the last permitted day for trading or at such other time on the last permitted day as may be determined by the Palm Oil Sub-Committee and approved by the Board. FINAL SETTLEMENT DAY Any contracts remaining open after the cessation of trading for a delivery month shall be settled by delivery which must be made by the twentieth (20th) day of that month or, if the twentieth (20th) day is a non-market day, by the last business day preceding the twentieth (20th) day. The Tendering and delivery process shall be done in accordance with the rules of the Clearing House.
Contract months. If the 10% Limit is triggered less than 30 minutes before the end of the second trading session, the 10% Limit shall be applied to all quoted months (except the current month) for the rest of the Business Day. For the purposes of this Rule, the 10% Limit shall be considered triggered in the manner as may be prescribed by the Exchange. The contract months shall be the months set out in Appendix A. CONTRACT SETTLEMENT FINAL SETTLEMENT VALUE First trading session: Malaysia 10:30 hours to 12:30 hours; and second trading session: Malaysia 15:00 hours to 18:00 hours; or such other trading hours as may be determined by the Exchange from time to time. Trading in the spot month will cease on the fifteenth (15th) day of that month or, if the fifteenth (15th) day is a non Business Day, on the last Business Day preceding the fifteenth (15th) day. Trading in such spot month shall cease at Malaysia 12:00 hours on the last permitted day for trading or at such other time on the last permitted day as may be determined and approved by the Exchange. Any contracts remaining open after the cessation of trading for a spot month shall be settled by cash based on the Final Settlement Value or such other settlement method as may be determined by the Exchange from time to time. The cash settlement process shall be done in accordance with the rules of the Clearing House. The Final Settlement Value shall be the average price of the Daily Spot Month Settlement Price of the FCPO on the 5 Business Days prior to expiration of the contract which includes the Final Trading Day. The mid exchange rate of USD/MYR as at Malaysia 18:00 hours on each of the 4 Business Days prior to the Final Trading Day taken from Bank Negara Malaysia or any other information vendors as may be determined by the Exchange shall be used as the conversion price for the calculation of Daily Spot Month Settlement Value (mid price USD/MYR multiplied by the Daily Spot Month Settlement Price of FCPO). The mid Exchange rate of USD/MYR as at noon will be used for calculation of Daily Spot Month Settlement Price for the Final Trading Day. The Final Settlement Value shall be the average of the converted Daily Spot Month Settlement Prices rounded to the nearest 25 cents. In the event the Final Settlement Value is equidistant between two minimum price fluctuations, the value shall be rounded upwards. CONTRACT CODE FMG5 UNDERLYING INSTRUMENT
Contract months. Spot month, the next month, and the next two calendar quarterly months. The calendar quarterly months are March, June, September and December. Malaysia 08:45 hours to 12:45 hours and 14:30 hours to 17:15 hours or such other trading hours determined by the Exchange from time to time.