EFRP definition

EFRP means an exchange for related positions under the rules of the applicable Futures Exchange that involves contemporaneous transactions in futures contracts and other assets.
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EFRP means exchnage of futures for physical, swap or other realted derivative position transaction; and
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EFRP means an exchange for related position transaction conducted in accordance with CME Rule 538 and as described in the Prospectus. An EFRP will include a futures leg and a related position leg. In connection with a Purchase Order, the futures leg will be comprised of futures contracts invested in by the Series, as described in the Prospectus, which will be transferred from the Participant or its clearing FCM at the 4:00 pm Eastern Time closing or daily settlement price. The related position leg will be a Creation Unit, delivered by the Series to the Participant through NSCC and a transfer by the Participant to the custodial account of the Series at the Custodian or applicable sub-custodian of U.S. treasury securities in an amount equal to the aggregate net asset value of the Creation Unit and the Cash Component. In connection with a Redemption Request, the futures leg will be comprised of futures contracts invested in by the Series, as described in the Prospectus, which will be transferred from Custodian to the Participant or its clearing FCM at the 4:00 pm Eastern Time closing or daily settlement price, and the related position leg will be Shares comprising the Creation Unit, delivered by the Participant to the Series through NSCC and cash equal to the Cash Component delivered by the Participant to the Custodian on behalf of the Series.
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Examples of EFRP in a sentence

  • The Company will make every reasonable effort to facilitate an employee's participation in the EFRP, including attendance at a counselling or treatment program to which such employee has been referred under the EFRP.

  • Nodal shall promptly provide electronic notice to Broker and Participants that were party to the Block Trade or EFRP in the event of any such rejection by the Clearing House.

  • An employee will be able to participate in the EFRP on a confidential basis.

  • Nothing in this Agreement prohibits the Company from disciplining any employee notwithstanding that such employee is participating, has participated or intends to participate in the EFRP.

  • Broker shall be deemed to represent at the time that it submits a Block Trade or EFRP that Broker is authorized by the Participants who are party to the Block Trade or EFRP.

  • He or she must decide on the nature and extent of the treatment program and will not hold the Company or the Union liable for the treatment results or for any matter arising out of the EFRP.

  • Upon confirmation that a Block Trade or EFRP submitted by Broker will not violate applicable Trade Risk Limits, Nodal shall submit such Block Trade or EFRP to the Clearing House for registration and novation.

  • If Tenant provides Landlord with an Arbitration Notice, Landlord and Tenant, within 10 Business Days after the date of the Arbitration Notice, shall each simultaneously submit to the other, in a sealed envelope, its good faith estimate of the Prevailing Market rate for the Premises during the Renewal Term (collectively referred to as the “Estimates”).

  • An individual who participates in the administration of the EFRP shall not be used by either party as a witness with respect to an employee's involvement in the EFRP.

  • Nodal will compare Block Trades or EFRPs submitted by Broker against the Trade Risk Limits applicable to the Participants that are party thereto to confirm that such Block Trade or EFRP will not cause any such Participant to exceed its Trade Risk Limit (or, for a Participant that has exceeded its Trade Risk Limit, to confirm that such transaction would be risk-reducing) and will reject any non-conforming transaction.