Open Contract Positions definition

Open Contract Positions means any Contract submitted by a Participant to the Clearinghouse, and accepted by the Clearinghouse, for clearing that has not been designated as a Closed Contract Position, including (a) any long or short position in such Contract without a matching position that such first position can be offset against, (b) any long or short position in such Contract with a matching position that such first position can be offset against but that is held open by such Participant under an approved hedge program and (c) any long or short position in such Contract with a matching position that such first position can be offset against but that is held open under the applicable Contract Rules which defer offset until Contract expiration or another specified date.
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Examples of Open Contract Positions in a sentence

  • Clearing Members with Open Contract Positions at this time for a Contract Set subject to delivery are obliged to make or take delivery.

  • This is calculated for all deliverable Open Contract Positions at close of business on D-2 (which corresponds to M-2 for the first delivery day and M-1 for the second).

  • Submission of delivery intentions for ICE Endex French PEG Natural Gas Futures Contract By 11:30 CET Buyer and Seller must, for all deliverable Open Contract Positions, submit their delivery intentions via ECS for the ICE Endex French PEG Natural Gas Futures Contract.

  • By 18:30 CET Settlement instructions and Open Contract Positions transfers are entered for expired Contracts.

  • This is calculated for all deliverable Open Contract Positions at close of business on D-1.

  • The report includes the position of each Customer with an Open Contract Position in the relevant Contract Set, Proprietary Open Contract Positions and whether the Clearing Member has a Holding Account for each Margin account at a Registry, the appropriate Holding Account numbers and the Authorised Persons for Holding Account(s).