Metal Reference Price definition

Metal Reference Price means, in respect of a Scheduled Valuation Day, the price of the Metal displayed on the Metal Reference Price Source for the Metal Fixing Time on such Scheduled Valuation Day, as determined by the Determination Agent and notified to the Issuer and the Programme Counterparty.
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Metal Reference Price means, in respect of a Metal, the price of the Metal (expressed in USD) published by the Relevant Association in respect of such Relevant Association's official London pricing time for the Metal or, if there is more than one official pricing time for the Metal, the AM price or the PM price, as applicable.
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Metal Reference Price means, in respect of a Metal and any given day and subject to Condition 9 (Successor Metal Reference Price or Metal Reference Price Source and Metal Reference Price Event), the value in USD for that day of the afternoon’s benchmark price known as the “LBMA Gold Price”, which is a benchmark afternoon price per troy ounce of Gold for delivery in London for settlement in two business days (as such term is used in the LBMA market) through a full member of the LBMA authorised to effect such delivery, provided that if on a day (i) the afternoon benchmark price is not scheduled to be published but the morning benchmark price is, the morning benchmark price shall be used and (ii) no morning or afternoon benchmark price is scheduled to be published, the Metal Reference Price for such day shall be deemed to be the benchmark price (whether morningor afternoon but if both are published on a day, then the afternoon benchmark price shall be used) published on the next day on which a price is published for such Metal.
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Examples of Metal Reference Price in a sentence

  • The Administrator shall, as soon as reasonably practicable following notification of the occurrence of a Metal Reference Price Event and, in any event, by no later than the final day of any Redemption Disposal Period that had already commenced at the time of such notification, give notice of the Replacement Metal Reference Price determined by it to the Issuer and each Transaction Party.

  • None of the Issuer, the Administrator, the Trustee or any other Transaction Party shall have any duty to monitor, enquire or satisfy itself as to whether a Metal Reference Price Event has occurred.

  • The objective is for the value of the ETC Securities to reflect, at any given time, the price of precious metals at that time (as reflected in the Metal Reference Price), less fees and expenses.

  • The price by reference to which the Metal Counterparty liquidates Underlying Metal on behalf of the Company (a Metal Reference Price or market spot price) may fluctuate and assuming all other factors remain constant, lower Metal prices during the relevant Redemption Disposal Period will lead to a lower Early Redemption Amount or Final Redemption Amount, as applicable, payable.

  • The price by reference to which the Metal Counterparty liquidates Underlying Metal on behalf of the Issuer (a Metal Reference Price or market spot price) may fluctuate and assuming all other factors remain constant, lower Metal prices during the relevant Redemption Disposal Period will lead to a lower Early Redemption Amount or Final Redemption Amount, as applicable, payable.

  • This is because the bid and offer prices reflect market liquidity and other market conditions at a particular time, whereas the value of the Metal or Baskets comprising the Metal Entitlement per ETC Security is based solely on the Metal Reference Price of the relevant Metal or the level of the relevant Reference Index in respect of Baskets.

  • The “Value per ETC Security” in respect of a Scheduled Valuation Day shall be an amount per ETC Security expressed in the Specified Currency and determined by the Determination Agent as being equal to:(i) the Metal Entitlement per ETC Security in respect of the relevant Scheduled Valuation Day (the Value per ETC Security as of the Issue Date is equal to the Issue Price per ETC Security); multiplied by(ii) the Metal Reference Price in respect of the relevant Scheduled Valuation Day.

  • The table below sets out an alternative illustration where the Metal Reference Price has been assumed to be stable, but otherwise using the same methodology and assumptions as in the above worked examples.

  • The Security Trustee need not notify anyone of the execution of the relevant Issue Deed or any other Transaction Document or do anything to find out if an Event of Default, an Early Redemption Event, a Disruption Event, a Metal Reference Price Event, a substitution of the Metal Reference Price or Metal Reference Price Source or a resignation or termination of an Agent’s appointment has occurred and is continuing or if the Security has become enforceable.

  • The Metal Counterparty will attempt to liquidate the Underlying Metal in respect of the relevant Series regardless of the level of the Metal Reference Price or market spot price applicable to the sale, provided that it will only liquidate the Metal at a lower price if it is unable to liquidate the Metal at a fair market price.


More Definitions of Metal Reference Price

Metal Reference Price means, in respect of a Scheduled Valuation Day, the price of the Metal [To be specified in Final Terms – [displayed on the Metal Reference Price Source on or about [15:00] [London] time on such Scheduled Valuation Day, as determined by the Determination Agent and notified to the Issuer and the Programme Counterparty][insert if other]].
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Metal Reference Price means, in respect of any Series of Basket ETC Securities,
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Related to Metal Reference Price

  • Final Reference Price means an amount (which shall be deemed to be a monetary value in the Underlying Currency) equal to the level of the Index at the Valuation Time on the Valuation Date or the Issuer Call Date, as the case may be, as determined by or on behalf of the Calculation Agent without regard to any subsequently published correction or (if, in the determination of the Calculation Agent, no such level can be determined and no Market Disruption Event has occurred and is continuing) an amount determined by the Calculation Agent as its good faith estimate of the level of the Index on such date having regard to the then prevailing market conditions, the last reported trading price of the Shares and such other factors as the Calculation Agent determines relevant;

  • Reference Price means the Reference Price of the Underlying as specified in § 1 of the Product and Underlying Data.

  • Fallback Reference Price (if the relevant parties have specified an alternate Commodity Reference Price in the Confirmation);

  • Underlying Reference Closing Price Value means, in respect of a SPS Valuation Date, the Closing Level in respect of such day.

  • Underlying Reference Value means, in respect of an Underlying Reference and a SPS Valuation Date, (i) the Underlying Reference Closing Price Value for such Underlying Reference in respect of such SPS Valuation Date (ii) divided by the relevant Underlying Reference Strike Price. For the avoidance of doubt, when determining (i) above the SPS Valuation Date shall never refer to the Strike Date.

  • unit of Reference Property shall have the meaning specified in Section 14.07(a).

  • Ask Price means the price at which the Company is willing to sell a CFD.

  • Cash sale price means the price of a good or service a retail buyer would pay if he or she paid for the good or service in cash, and that is stated in a retail installment contract or in a sales slip or other memorandum furnished by a retail seller to a retail buyer pursuant to a retail charge agreement for that good or service. The cash sale price may include any taxes and charges for delivery, installation, servicing, repairs, alterations, or improvements.

  • Replacement Reference Rate means a reference rate which is:

  • Closing Sale Price means, for any security as of any date, the last closing trade price for such security on the Principal Market, as reported by Bloomberg, or, if the Principal Market begins to operate on an extended hours basis and does not designate the closing trade price, then the last trade price of such security prior to 4:00:00 p.m., New York time, as reported by Bloomberg, or, if the Principal Market is not the principal securities exchange or trading market for such security, the last trade price of such security on the principal securities exchange or trading market where such security is listed or traded as reported by Bloomberg, or if the foregoing does not apply, the last trade price of such security in the over-the-counter market on the electronic bulletin board for such security as reported by Bloomberg, or, if no last trade price is reported for such security by Bloomberg, the average of the ask prices of any market makers for such security as reported in the “pink sheets” by OTC Markets Group Inc. (formerly Pink Sheets LLC). If the Closing Sale Price cannot be calculated for a security on a particular date on any of the foregoing bases, the Closing Sale Price of such security on such date shall be the fair market value as mutually determined by the Company and the Holder. If the Company and the Holder are unable to agree upon the fair market value of such security, then such dispute shall be resolved in accordance with the procedures in Section 13. All such determinations shall be appropriately adjusted for any stock dividend, stock split, stock combination or other similar transaction during such period.

  • SONIA Reference Rate means, in respect of any London Banking Day, a reference rate equal to the daily Sterling Overnight Index Average ("SONIA") rate for such London Banking Day as provided by the administrator of SONIA to authorised distributors and as then published on the Relevant Screen Page (or if the Relevant Screen Page is unavailable, as otherwise is published by such authorised distributors) on the London Banking Day immediately following such London Banking Day; and

  • Base Price means the price to be used as the basis for determining the Spread upon the exercise of an Appreciation Right.

  • Underlying Reference Strike Price means, in respect of an Underlying Reference, the Underlying Reference Closing Price Value for such Underlying Reference on the Strike Date.

  • Day-ahead Loss Price means the Loss Price resulting from the Day-ahead Energy Market.