Use of Financial Instruments. The use of approved financial instruments (see Exhibit I) will be used to hedge risks in the physical commodity market. These derivative instruments can be used to hedge BGSS or system requirement supply, as well as, for the incentive programs such as Off-System Sales, Storage Incentive and FRM. The use of financial instruments for speculative purposes is expressly prohibited.
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Samples: Credit Agreement (New Jersey Resources Corp), Credit Agreement (New Jersey Resources Corp)
Use of Financial Instruments. The use of approved financial instruments (see Exhibit I) will be used to hedge risks in the physical commodity market. These derivative instruments can be used to hedge BGSS or system requirement supply, as well as, for the incentive programs such as Off-System Sales, Storage Incentive and FRM. The use of financial instruments for speculative purposes is expressly prohibited.. New Jersey Natural Gas Company Risk Management Committee Guideline and Procedures
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Use of Financial Instruments. The use of approved financial instruments (see Exhibit I) will be used to hedge risks in the physical commodity market. These derivative instruments can be used to hedge BGSS or system requirement supply, as well as, for the incentive programs such as Off-System Sales, Storage Incentive and FRM. The use of financial New Jersey Natural Gas Company Risk Management Committee Guidelines and Procedures instruments for speculative purposes is expressly prohibited.
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