Examples of Open Contract in a sentence
Rule 207 Clearing Member Status (a) Each Clearing Member shall be authorised to enter into Contracts and hold an Open Contract Position with the Clearing House.
The Clearing House monitors Open Contract Positions on a daily basis.
An Option Contract may be exercised only by a Clearing Member with a Long Open Contract Position or by the Clearing House in respect of a Contract in which it is Long.
This is calculated for all deliverable Open Contract Positions at close of business on D-1.
The term "Clearing" means the central counterparty and, where relevant, related risk, Open Contract Position, Margin, settlement, delivery, administrative, acceptance, transaction data, settlement price establishment and other functions of the Clearing House pursuant to these Rules.