Examples of ETP Securities in a sentence
Valid Dealing Orders in respect of which the ETP Securities are pending issue and settlement as at the Compulsory Redemption Pricing Date, the Early Redemption Pricing Date or the Final Redemption Pricing Date shall (unless waived at cretion) automatically be cancelled with effect from such Compulsory Redemption Pricing Date, Early Redemption Pricing Date or Final Redemption Pricing Date (as applicable), as further provided in the relevant AP Agreement.
The APAC ETP Securities closed with effect from 26 September 2019.
Upon receipt of a Valid Dealing Order Form, the IPA will submit a corresponding Dealing Order Notice by 14:30 London time on such Dealing Order Day to the relevant SP for it to increase or decrease the number of Index Units under the relevant Swap Transactions as at such day by the number of ETP Securities specified in the Dealing Order Form.
Only an AP may send Form Subscription Orders or Form Redemption Orders (each a Form Dealing Order ), save that in exceptional circumstances described in Condition 8 of the ETP Securities, ETP Securityholders other than APs may redeem ETP Securities.
Upon a determination that a Dealing Order Form is valid the IPA will send a Dealing Order Notice to the allocated SP to increase or decrease the Total Number of Index Units under the relevant Swap Transaction, as the case maybe, by a number of Index Units matching the net amount of ETP Securities being subscribed for or redeemed under the Dealing Order Form.
Each communication or document to be delivered to any party under this Operating Procedures Agreement shall be sent to that party through the System (only if it relates to a subscription or redemption of ETP Securities), at the postal address (by recorded delivery or courier) or electronic address, and marked for the attention of the person (if any) from time to time designated by that party for the purpose of this Operating Procedures Agreement.
The operating procedures in respect of the subscription, issuance and optional redemption of ETP Securities shall be as set out in the Operating Manual, the form of which as at the date hereof is contained in the Schedule hereto.
Each Dealing Order Form may contain multiple Dealing Orders for either Form Subscription Orders or Form Redemption Orders of different Classes of ETP Securities.
The Swap Execution Costs shall be calculated by applying the relevant Swap Cost Execution Rate set out in Annex 1 in respect of the relevant class of ETP Securities in the manner specified under the terms of the relevant Swap Transaction.
In such case, it will confirm the type of Extraordinary Event occurring or continuing or provide its calculation of the maximum number of ETP Securities that can be filled without breaching the relevant Daily Dealing Requirements, Delta Limit Requirements or Aggregate Dealing Limit.