ICE Block definition
ICE Block means the facility for the time being known as ICE Block established by the Exchange which permits Members to organise and execute transactions in relation to the trading of Block Trade Contracts or EFRPs pursuant to the Rules. This shall include the facilities used by Members connected to the Trade Registration API;
ICE Block. – means the system through which certain Ancillary Transactions are entered.
Examples of ICE Block in a sentence
With respect to all EFS Transactions, EOO Transactions and ICE Block Transactions, each Party shall pay its own broker’s fees and FCM fees.
With respect to all EFS Transactions, EOO Transactions and ICE Block Transactions, each party shall pay its own broker’s fees and FCM fees.
On the Effective Date, REPS and the Sleeve Provider shall execute (i) one EFS Transaction or EOO Transaction per Accepted Product per delivery month, for all of the NYMEX Exchanged Traded Contracts held by REPS as of the Business Day prior to the Effective Date, and (ii) one ICE Block Transaction per Accepted Product per delivery month, for all of the ICE Cleared Swap Contracts held by REPS as of the Business Day prior to the Effective Date.