Binary Contract definition

Binary Contract means the right to receive a fixed Settlement Value per contract, from Nadex on the Settlement Date dependent upon whether you are holding a long position or short position in a Binary Contract. If you are holding a long position in a Binary Contract, you have the right to receive a fixed Settlement Value from Nadex on the Settlement Date, if, and only if, the Binary Contract’s Payout Criteria encompasses the Expiration Value at Expiration. Conversely, if you are holding a short position in a Binary Contract, you have the right to receive a fixed Settlement Value if, and only if, the Binary Contract’s Payout Criteria does NOT encompass the Expiration Value at Expiration.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedBook a Demo

Binary Contract means the right to receive a fixed Settlement Value per contract, from Nadex on the Settlement Date dependent upon whether the market participant holds a long position or short position in a Binary Contract. If the market participant holds a long position in

Binary Contract means the right to receive a fixed Settlement Value per contract, from Nadex on the Settlement Date dependent upon whether the market participant holds a long position or short position in a Binary Contract. If the market participant holds a long position in a Binary Contract, the participant has the right to receive a fixed Settlement Value from Nadex on the Settlement Date, if, and only if, the Binary Contract’s Payout Criteria encompasses the Expiration Value at Expiration. Conversely, if the market participant holds a short position in a Binary Contract, the participant has the right to receive a fixed Settlement Value if, and only if, the Binary Contract’s Payout Criteria does NOT encompass the Expiration Value at Expiration.

Examples of Binary Contract in a sentence

• The Settlement Value of an in-the-money Bitcoin Binary Contract is $100.

• The Expiration Value will be the last bitcoin value just prior to the close of trading of the Bitcoin Binary Contract as reported by the Tera Bitcoin Price Index, calculated by TeraExchange.

• Nineteen (19) strike levels will be listed for each Intraday 2-Hour AUD/USD Binary Contract Series.

• Nineteen (19) strike levels will be listed for each Intraday 2-Hour EUR/USD Binary Contract Series.

• Fourteen (14) strike levels will be listed for each Weekly USD/CHF Binary Contract Series.

• The Settlement Value of an in the money EUR/JPY Binary Contract is $100.

• The Settlement Value of an in the money Crude Oil Binary Contract is $100.

• The Expiration Value is calculated by the Source Agency by taking the last twenty-five (25) NFC trade prices just prior to the close of trading of the Natural Gas Binary Contract and removing the highest five (5) NFC trade prices and the lowest five (5) NFC trade prices, using the remaining fifteen (15) NFC trade prices to calculate the Expiration Value.

• Twenty-one (21) strike levels will be listed for each Daily EUR/GBP Binary Contract Series.

• Fifteen (15) strike levels will be listed for each Daily Natural Gas Binary Contract Series.

More Definitions of Binary Contract

Binary Contract means the right to receive a fixed Settlement Value per contract, from Nadex on the Settlement Date dependent upon whether you are holding a long position or short

Binary Contract means a Contract where the Market Outcome is either YES or NO.

Binary Contract means the right to receive a fixed Settlement Value per contract, from Nadex on the Settlement Date dependent upon whether you are holding a long position or short position in a Binary Contract. If you are holding a long position in a Binary Contract, you have the right to receive a fixed Settlement Value

Binary Contract means a Contract that typically settles with two potential Market Outcomes (typically YES or NO).