Market Opening. An important aspect of NAFTA relates to national treatment and market access for goods and services. The agreement eliminated tariffs over 10 years (15 years for sensitive products) and most non-tariff barriers on North American goods, as long as they meet specific rules of origin. Trade barriers on sensitive items, such as sugar and corn, received the longest phase-out periods. IPR Protection. NAFTA was the first trade agreement to include a chapter on IPR. It set minimum standards of protection and enforcement for patents, copyrights, trademarks, and other forms of IPR. It also served as a template for the World Trade Organization’s (WTO) Trade- Related Aspects of Intellectual Property Rights Agreement.
Market Opening the time when the market opens after weekends, holidays or trading session time gaps. Pending Order – a request from the Client to the Company to open a position once the price has reached the level of the Order. Written notifications – paper or electronic copy of any document (including fax, emails etc.) of the Company. Floating profit/loss – unrecorded profit/loss on Open Positions based on current prices. Payments Operations – deposits or withdrawals to or from the Trading Account, loans or loan repayments. Fully completed transaction – consists of 2 opposite trading operations with equal volume (open an order and closing an order): buy order with further selling or sell order with further buying. Liquidity supplier – company's partner, where client's positions actually hedged. Streaming Quotes – the flow of Quotes in the Trading Platform for each instrument. Instant Execution – the mechanism of providing Quotes to the Client without prior Request. Because the client sees Quotes in real time, he may make a Transaction at any moment. Point – the numerical value of the last, or right-most, number of a Quote. Instruction – an Order of the Client to the Company to open/close a position or to place/modify/delete an Order. Order for funds withdrawal – an order given from the Client’s Personal account page at the company’s web page, on purpose of debiting Client’s account and transaction of funds to Client’s external account. Free Margin – available funds on the Trading Account which may be used to open a position. It is calculated as Equity minus Necessary Margin. Swap – funds that are deducted or added for transferring an open position for next day. The amount of swap depends on the difference between the interest rates of the Central Banks of the countries which currencies participate in the order (sell/buy). Addition/deduction of swap takes place at the last minute of trading day at the server time (from 23:59 to 00:00). On the Wednesday to Thursday night swap is deducted/added in the triple amount. Server – all technical tools and software, used for data processing, Client’s instructions, executing Client’s orders, for live delivering trading information, content of this information is subject to the Company’s statement with respect to mutual covenants between the Client and the Company, accordant with following Regulatory documents. Personal account page – service, delivered to the Client, who has personal trading account at the Company, and designed for...
Market Opening. Hydro One is unable to operate at market opening due to a failure by CGEY. This would reflect badly on Hydro One and could delay market opening. CGEY staff providing services to Hydro One comprises the existing Hydro One staff who understand the electricity business and Hydro One’s operations and customers. CGEY has committed to leaving IT systems “as are” for a period of 30 days prior to and 60 days after market opening. Existing plans with respect to market opening, developed by Hydro One, will be implemented by CGEY. Financial Risk associated with Inergi LP business plan • Inergi LP’s business plan for the Hydro One services forecasts a reduction in head count due to technology improvement and change management. Redundant staff would be employed on new client work or in the Merlot Commitment. The Merlot work enhances the economic viability of the Inergi LP business plan. As noted above, the Hydro One contract is being guaranteed by CGEY US and CGEY Canada. Structuring of the agreements • Hydro One staff is responsible for daily operations. The teams have built heavily on the expertise of internal staff recruited from outside the organization who have experience in an outsourcing environment and in the development of the required contracts. Hydro One teams have been supplemented as required by outside experts who have knowledge working in an outsourced environment. These teams have been developing performance data and were actively involved in assessing and developing the individual Statements of Work and in the contract negotiations.
