Examples of Operational Clearing Procedures in a sentence
The termination value for each OCH Contract shall be determined based on the fixing price determined in accordance with Section 9.2.1 of the Operational Clearing Procedures at the time of contract termination, or if such fixing price is not available, the price shall be such price as SEOCH may reasonably determine.
For the purpose of the determination under this Section of the Operational Clearing Procedures, SEOCH may convert any amounts denominated in any other currency into the Base Currency at such exchange rate determined by SEOCH from such source and on such basis as it shall consider appropriate.
All payments made under this Section of the Operational Clearing Procedures shall be made in the Base Currency.
Under the Operational Clearing Procedures for Options Trading Exchange Participants of SEOCH, such call options issued are not marginable positions (ie, no margin requirements).
All applications for admission as a SEOCH Participant, or to change the category of SEOCH Participantship under which a SEOCH Participant is registered, shall be submitted in writing in accordance with the Operational Clearing Procedures, and be accompanied by the administrative processing charges, as prescribed by the SEOCH Board from time to time.
Unless otherwise specified in the Options Trading Rules, the Operational Clearing Procedures and these Clearing Rules, every OCH Contract and NCP Contract shall be validly made at the time when the details of the Options Contract from which it is derived are recorded in the Transaction Register of the Options Trading System.
An OCH Contract comprised in a long open position of a SEOCH Participant shall be validly exercised if, upon the System Input Cutoff Time on any day up to and including the Last Exercise Day for that option series, an exercise request in respect of that long open position, entered in accordance with the Operational Clearing Procedures, is recorded in the Options Clearing System.
Each SEOCH Participant shall deliver additional SEOCH Collateral in respect of its Reserve Fund Requirement as notified to it by SEOCH and by the time specified in the notification from SEOCH and in accordance with the Operational Clearing Procedures.
The termination value for each OCH Contract shall be determined based on the fixing price determined in accordance with Section 9.2.1 of the Operational Clearing Procedures on the Early Termination Date, or if such fixing price is not available, the price shall be such price as SEOCH may reasonably determine.
An NCP Contract comprised in a long open position of an NCP shall be validly exercised if, upon the System Input Cutoff Time on any day up to and including the Last Exercise Day for that option series, an exercise request in respect of that long open position, entered by its designated GCP in accordance with the Operational Clearing Procedures, is recorded in the Options Clearing System.