Bullion Trade definition

Bullion Trade has the meaning set forth in the 2005 ISDA Commodity Definitions.
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Bullion Trade means any transaction (including any existing transaction which is rolled over at the HRR Rate) (other than a Bullion Option, whether or not exercised, unless otherwise expressly provided herein) between the Parties for the purchase or sale by one Party of an agreed quantity of Bullion against the payment by/to it to/by the other Party of an agreed amount of United States Dollars or if the Currency is other than United States Dollars, the equivalent of such Currency in United States Dollars, and in respect of which transaction the Parties have agreed (whether orally, electronically or in writing): (a) the quantity (in Ounces) and type of Bullion to be purchased/sold, (b) which Party will purchase/sell the Bullion, (c) the Bullion price and (d) the Value Date;
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Bullion Trade means any transaction for the spot or forward sale of Bullion.
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Examples of Bullion Trade in a sentence

  • A Bullion Trade may be settled by physical delivery of Bullion in exchange for a specified price or may be cash settled based on the difference between the market price of Bullion on the settlement date and the specified price.

  • Thereby, Opcon together with other Swedish investors willcontrol 28 per cent of Opcon’s Australian distributor.

  • An exercised Bullion Option shall be treated as a Bullion Trade and shall be settled in accordance with Clause 7.2. For this purpose the relevant Settlement Date shall be treated as the Value Date of the Transaction.

  • In People Place the taxpayer was an LLC, and its members were involved in bankruptcy proceedings.Id. at 360.

  • A Bullion Trade would need to be settled on a specifiedfuture date (as opposed to in a spot or two-day basis); and(b)An an Equity Forward would need to relate to "shares or similar securities representing a shareholding in a company which can be traded in the capital market"32.It would also be possible to argue thata Bullion Trade (to be settled ona specified future date) is always eligible for close-out netting becauseit constitutes a trade the subject of which is a commodity and not aderivative.

  • A Bullion Trade may be settled by physical delivery of Bullion in exchange for a specified price or may be cash settled basesbased on the difference between the market price of Bullion on the settlement date and the specified price.

  • Appointments are generally made on a staggered schedule to limit the total sign in, waiting, and test time to no more than 90 minutes.

  • All Bullion to be delivered under any Bullion Trade shall delivered loco London by being credited to an unallocated account at a member of the London Bullion Market Association or the London Platinum and Palladium Market agree by both parties (or, failing agreement, as nominated by the delivering party) or by delivery at such other location and/or in such other form as may be agreed.

  • The Netting Legislation as described in section 5.3.1 above includes physically settled Bullion Trade, Bullion Option, Physical Commodity Transaction and Commodity Option provided they are not for commercial purposes.

  • On the other hand the Czech bankruptcy courts could take the view that in the case of physically settled Bullion Options, Bullion Trade (to be settled on a specified future date), Commodity Forwards or Commodity Options the subject matter of the relevant trade is a physically settled bullion/commodity forward/option which, as we have explained is unlikely to be eligible for close-out netting.

Related to Bullion Trade

  • Bullion means gold, silver, or platinum in a bulk state, where its value depends on its content rather than its form, with a purity of not less than 900 parts per 1,000.

  • Non-Trading Operation means any operation involving the deposit of funds, withdrawal from a Client's Account or the provision (return) of Credit.

  • LBMA means the London Bullion Market Association.

  • Local Interconnection Trunks/Trunk Groups means the trunks that are used for the termination of Local Exchange Traffic, pursuant to iconectiv Technical Reference GR 317-CORE.

  • Ethanol means a high octane gasoline blend stock that is used to make various grades of gasoline.

  • Local Interconnection Trunks/Trunk Groups means the trunks that are used for the termination of Local Exchange Traffic, pursuant to iconectiv Technical Reference GR 317-CORE.

  • Spot Market Energy means energy bought or sold by Market Participants through the PJM Interchange Energy Market at System Energy Prices determined as specified in Operating Agreement, Schedule 1, section 2, and the parallel provisions of Tariff, Attachment K-Appendix, section 2.

  • food business operator means the natural or legal persons responsible for ensuring that the requirements of food law are met within the food business under their control;

  • Merchant Shipping Notice means a Notice described as such, issued by the Maritime and Coastguard Agency, and any reference to a particular Merchant Shipping Notice includes a reference to any such document amending or replacing that Notice which is considered by the Secretary of State to be relevant from time to time;

  • oil tanker means a ship constructed or adapted primarily to carry oil in bulk in its cargo spaces and includes combination carriers and any “chemical tanker” as defined in Annex II of the present Convention when it is carrying a cargo or part cargo of oil in bulk.

  • Interconnection Customer means a Generation Interconnection Customer and/or a Transmission Interconnection Customer.

  • Tanker in relation to chapter 4 means an oil tanker as defined in MARPOL Annex I, regulation 1 or a chemical tanker or an NLS tanker as defined in MARPOL Annex II, regulation 1.

  • Gold means elemental gold having an atomic weight of 196.967 and the chemical element symbol of Au, whether found by itself or in combination with its alloys or any other metal.

  • Generating Market Buyer means an Internal Market Buyer that is a Load Serving Entity that owns or has contractual rights to the output of generation resources capable of serving the Market Buyer’s load in the PJM Region, or of selling energy or related services in the PJM Interchange Energy Market or elsewhere. Generation Capacity Resource:

  • Crude Oil means any liquid hydrocarbon mixture occurring naturally in the earth whether or not treated to render it suitable for transportation and includes:

  • Provisional Interconnection Service means interconnection service provided by Transmission Provider associated with interconnecting the Interconnection Customer’s Generating Facility to Transmission Provider’s Transmission System and enabling that Transmission System to receive electric energy and capacity from the Generating Facility at the Point of Interconnection, pursuant to the terms of the Interconnection Service Agreement and, if applicable, the Tariff.

  • Transboundary movement means any movement of hazardous wastes or other wastes from an area under the national jurisdiction of one State to or through an area under the national jurisdiction of another State or to or through an area not under the national jurisdiction of any State, provided at least two States are involved in the movement;

  • Transient merchant means any person who engages in a temporary or itinerant merchandising business and in the course of such business hires, leases or occupies any building or structure whatsoever, or who operates out of a vehicle which is parked anywhere within the City limits. Temporary association with a local merchant, dealer, trader or auctioneer, or conduct of such transient business in connection with, as a part of, or in the name of any local merchant, dealer, trader or auctioneer does not exempt any person from being considered a transient merchant.

  • Network Integration Transmission Service means the transmission service provided under Tariff, Part III.

  • Biodiesel means a fuel composed of mono-alkyl esters of long chain fatty acids derived from vegetable oils or animal fats, and, in accordance with standards specified by the American society for testing and materials, designated B100, and meeting the requirements of D-6751, as approved by the department of agriculture.

  • Bidder from a country which shares a land border with India for the purpose of this Order means: -

  • Capacity Market Buyer means a Member that submits bids to buy Capacity Resources in any Incremental Auction.

  • Opium poppy means the plant of the species Papaver somniferum L., except its seeds.

  • Transit Traffic means traffic originating on CLEC’s network that is switched and transported by AT&T-TSP and delivered to a Third Party Terminating Carrier’s network or traffic from a Third Party Originating Carrier’s network. A call that is originated or terminated by a CLEC purchasing local switching pursuant to a commercial agreement with AT&T-TSP is not considered Transit Traffic for the purposes of this Attachment. Additionally Transit Traffic does not include traffic to/from IXCs.

  • Interconnection Service means the physical and electrical interconnection of the Customer Facility with the Transmission System pursuant to the terms of Tariff, Part IV and Tariff, Part VI and the Interconnection Service Agreement entered into pursuant thereto by Interconnection Customer, the Interconnected Transmission Owner and Transmission Provider. Interconnection Service Agreement:

  • Free Trade Agreement country end product means an article that—