General Suspension definition
Examples of General Suspension in a sentence
Specifically, the amendments strengthen ICE NGX’s authority to take appropriate action to manage risks through a General Suspension in extreme circumstances.
The amendments to section 6.4 of the CPA correct an omission, by extending the authority to declare a General Suspension to also cover physical natural gas products at Assigned Delivery (“AD”) points.
A General Suspension will require a system wide notice being issued via the Exchange.
If a Trade in Error is brought to the attention of ETEX within thirty (30) minutes after such error occurs (“Reporting Time”), ETEX will provide notice to the parties involved via the Exchange that a Trade in Error has been reported and is under investigation and may cause a General Suspension.
Further,the sponsor agrees not to enter into any arrangements or contracts related to this Agreement with any party that is on the Office of Inspector General Suspension and Debarment List at ▇▇▇▇://▇▇▇.▇ ▇▇▇▇.▇▇▇/▇▇▇▇▇.▇▇▇?LinkServl D=C4C89080-D2 B E-D29A-96355D44Al 3E4356.
If Customer enters into a Transaction in error through the Exchange (“Trade in Error”), ETEX will provide notice via the Customer inbox function of the Exchange that the trade is under investigation and may cause a General Suspension in its sole discretion.
The consequences of a General Suspension will be that Exchange may refuse access to the NGX Trading System and/or NGX Clearing System by the Contracting Parties for any or all Products.
The Contracting Party must perform its Obligations to make delivery or take receipt of gas and Oil under the applicable PhysicalPhysically Settled Futures Transactions during any period of General Suspension.