NYMEX Contract definition

NYMEX Contract means the NYMEX natural gas futures contract for the applicable Month.
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NYMEX Contract means a futures contract of the type traded on the New York Mercantile Exchange for the delivery at a future date of 10,000 MMBtus of natural gas at the Xxxxx Hub in Louisiana.
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NYMEX Contract means the Agreement for Software License, Software Development and Software Support between the Company and Nymex dated December 13, 2002.
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Examples of NYMEX Contract in a sentence

  • Each of the foregoing NYMEX Mini Contracts (i) must be listed during both daytime and night-time trading hours, and (ii) shall continue to be listed for trading on Globex during the Term unless and until a Qualifying NYMEX Contract on the same underlying commodity is listed for trading on Globex (at which point NYMEX may but need not delist the NYMEX Mini Contract).

  • A basis swap is a derivative instrument whose value is based on the difference between the New York Mercantile Exchange Natural Gas Futures Contract (NYMEX Contract) settlement price for a given month and the index at a specified location for that same month.

  • Chart 2 is a graph of NYMEX versus either fixed price or in the case of basis trades, implied price (NYMEX Contract price minus the basis swap price) for September 28, 2005.

  • ICE swaps are also referred to as “NYMEX “look alikes.” The ICE swap is a financial product traded on ICE that is largely identical to the NYMEX Contract, except that the ICE swap does not require the parties to make or take physical delivery of gas.

  • Market comparisons on January 28 and January 31 are not possible because: (1) ETP’s trades were not on ICE; (2) ETP did not provide time stamps for market activity off of ICE and (3) the NYMEX Contract had expired.

  • In months it selected, ETP traded, usually in the last half- hour before the close of trading in the prompt-month NYMEX Contract, to suppress fixed price gas at HSC for prompt month delivery.

  • ETP profited if the difference between prices at HSC and the NYMEX Contract widened, i.e., the price at HSC became lower relative to the higher priced NYMEX Contract.

  • Stated another way, ETP took a “short” position in HSC basis swaps, meaning that it bet that prices at HSC would fall relative to the NYMEX Contract, i.e., that the spread between these two points would widen.

  • This enabled ETP to ensure that the IFERC HSC index would settle lower relative to the settlement price of the NYMEX Contract.

  • On December 29, 2003, the NYMEX Contract expiration day, ETP sold approximately 2.1 Bcf of fixed-price gas for January 2004 deliveries.


More Definitions of NYMEX Contract

NYMEX Contract means a Futures Contract or an Option Contract approved by NYMEX for trading on any market established and operated by NYMEX pursuant to the NY NYMEX Rules;
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Related to NYMEX Contract

  • Customer Contract means any written contract or agreement (other than trade contracts) between Seller and any of its customers (or under which Seller has rights) which has been entered into and signed by the parties thereto in connection with the publication of the Directories and corresponding provision of Directory Services.

  • FX Contract is any foreign exchange contract by and between Borrower and Bank under which Borrower commits to purchase from or sell to Bank a specific amount of Foreign Currency on a specified date.

  • Hedging Contract means (a) any agreement providing for options, swaps, floors, caps, collars, forward sales or forward purchases involving interest rates, commodities or commodity prices, equities, currencies, bonds, or indexes based on any of the foregoing, (b) any option, futures or forward contract traded on an exchange, and (c) any other derivative agreement or other similar agreement or arrangement.

  • Prime Contract means the contract between LOCKHEED MARTIN and the U.S. Government or between LOCKHEED MARTIN and its higher-tier contractor who has a contract with the U.S. Government.

  • Procurement Contract or “Contract” means any written agreement of the Authority for the acquisition of goods or services of any kind in the actual or estimated amount of $25,000, or more.

  • Provider contract means any contract between a provider and a carrier (or a carrier's network,

  • Master subcontracting plan means a subcontracting plan that contains all the required elements of an individual subcontracting plan, except goals, and may be incorporated into individual subcontracting plans, provided the master subcontracting plan has been approved.

  • Viatical settlement contract or “contract” means a written agreement entered into between a provider and a viator in which the provider will pay consideration that is less than the expected death benefit of the viator's policy in return for the viator's assignment, transfer, sale, devise, or bequest of the death benefit or ownership of the policy to the provider.

  • Smart contract means a computer program stored in an electronic ledger system wherein the outcome of the execution of the program is recorded on the electronic ledger;

  • Service Subcontract means a subcontract primarily for the furnishing of services, to or for a recipient of Assistance, except where services are incidental to the delivery of products, equipment or commodities. A contract for the purchase or lease of goods, products, equipment, supplies or other property is not a “service subcontract” for the purposes of this definition.

  • EPC Contract means the Seller’s engineering, procurement and construction contract with the EPC Contractor.

  • Group contract means a contract for health care services which by its terms limits eligibility to members of a specified group. The group contract may include coverage for dependents.

  • Selective contracting arrangement means an arrangement in which the NJ FamilyCare Program participates in selective contracting with one or more providers, and which arrangement contains reasonable benefit differentials, including, but not limited to, predetermined fee or reimbursement rates for covered benefits applicable to participating and nonparticipating providers.

  • Master Contract means the CATS Master Contract between the Maryland Department of Budget and Management andTO Contractor dated December 19, 2005.

  • Derivative Contract means (a) any and all rate swap transactions, basis swaps, credit derivative transactions, forward rate transactions, commodity swaps, commodity options, forward commodity contracts, equity or equity index swaps or options, bond or bond price or bond index swaps or options or forward bond or forward bond price or forward bond index transactions, repurchase transactions, interest rate options, forward foreign exchange transactions, cap transactions, floor transactions, collar transactions, currency swap transactions, cross-currency rate swap transactions, currency options, spot contracts, or any other similar transactions or any combination of any of the foregoing (including any options to enter into any of the foregoing), whether or not any such transaction is governed by or subject to any master agreement, and (b) any and all transactions of any kind, and the related confirmations, which are subject to the terms and conditions of, or governed by, any form of master agreement published by the International Swaps and Derivatives Association, Inc., any International Foreign Exchange Master Agreement, or any other master agreement, including any such obligations or liabilities under any such master agreement.

  • Existing Contract means a contract that was made before the operative date;

  • Project Contract means any agreement or agreements for the design, development, acquisition, installation, implementation and construction of all or a substantial part of the Project by and between a Contractor and the Recipient.

  • Futures Contract means a Financial Futures Contract and/or Stock Index Futures Contracts.

  • Services Contract means an agreement for the provision of Services entered into with a Provider by one or more of the Partners in accordance with the relevant Individual Scheme. Service Users means those individual for whom the Partners have a responsibility to commission the Services. SOSH means the Secretary of State for Health.

  • Subcontracting means any action, practice, or effort by an

  • Electronic Subcontracting Reporting System (eSRS) means the Governmentwide, electronic, web-based system for small business subcontracting program reporting. The eSRS is located at http://www.esrs.gov.

  • CFD Contract or "CFD" shall mean a contract which is a contract for difference by reference to fluctuations in the price of the relevant security or index;

  • Applicable Contract any Contract (a) under which the Company has or may acquire any rights, (b) under which the Company has or may become subject to any obligation or liability, or (c) by which the Company or any of the assets owned or used by it is or may become bound.

  • sub-contract means the primary contractor’s assigning, leasing, making out work to, or employing, another person to support such primary contractor in the execution of part of a project in terms of the contract;

  • Similar contract means Motor Vehicle.

  • O&M Contract means the operation and maintenance contract that may be entered into between the Concessionaire and the O&M Contractor for performance of all or any of the O&M obligations;