exchange for physical definition
exchange for physical means a transaction in a derivative contract or other financial instrument contingent on the simultaneous execution of an equivalent quantity of an underlying physical asset;
exchange for physical means a transaction whereby a position in the physical Coal market is traded with an existing open futures contract position. The transaction may involve the JSE processing the actual delivery between the short and long position holder or alternatively facilitating the cash settlement between the parties at the current mark-to-market value.
exchange for physical means a transaction where:
More Definitions of exchange for physical
exchange for physical. (EFP) means a transaction of the kind described in [Rule 4800] and does not include a Delivery Exchange for Physical transaction.
exchange for physical. (EFP) means a transaction of the kind described in Rule [4800].
exchange for physical means that the Parties have agreed to utilize the EFP procedures of a regulated exchange to exchange a futures position for a physical position of equal quantity. The performance obligation of ADP and EFP transactions are the same as the performance obligation of Firm (LD) transactions stated above; provided that, performance of ADP and EFP Transactions are also excused if the related regulated exchange excuses performance.
exchange for physical or "EFP" means the purchase, sale or exchange of natural Gas as the "physical" side of an exchange for physical transaction involving gas future contracts. EFP shall incorporate the meaning and remedies of Priority Firm as defined herein.