Our pricing. 2.1 The Underlying Contract Price shall be a bid or offer price (whichever is applicable) calculated by us by applying the EML Spread to the rate currently being quoted on the relevant exchange. 2.2 If the Specified Date of a Forward is other than a date generally quoted in the market, we shall calculate the relevant exchange rate from the available exchange prices for other value dates as we consider representative, fair and reasonable.
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Our pricing. 2.1 The Underlying Contract Price shall be a bid or offer price (whichever is applicable) calculated by us by applying the EML Spread to the rate currently being quoted on the relevant exchange.
2.2 If the Specified Date of a Forward is other than a date generally quoted in the market, we shall calculate the relevant exchange market rate from the available exchange prices for other value dates as we consider representative, fair and reasonable.
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