Option Contract definition

Option Contract means a standardised contract the effect of which is that a person acquires the option
Option Contract means a legally binding agreement wherein, upon the purchase of such contract, Client agrees, whether in consideration of payment to AFEX of a Premium or otherwise, that, on a specific date or range of dates in the future, Client has the right but not the obligation to purchase a specific amount of funds in one currency from AFEX and to sell a specific amount of funds in another currency to AFEX; or sell a specific amount of funds in one currency to AFEX and purchase a specific amount of funds in another currency from AFEX, subject to any other terms documented in the Confirmation.
Option Contract or "Option" means a contract executed between one party (in this definition called the "first party") and another party (in this definition called the "second party") on any commodity, futures or options exchange under which:-

Examples of Option Contract in a sentence

  • 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.

  • Any exercise of an Option Contract shall be in accordance with the applicable Contract Terms.

  • Option ContractsIf the Exchange or its designee determines that a trade price is outside the applicable Non-Reviewable Range for an Option Contract, the trade price shall be adjusted.

  • The Clearing House may reject any notice of exercise or abandonment of an Option if such notice does not, or appears not to, comply with the Contract Terms or the Clearing Procedures, notwithstanding any equivalent notice or other prescribed form of exercise that has been provided by the Clearing House to any Clearing Member in respect of the exercise of an Option Contract.

  • Any amounts in the PBA will be transferred into the Investment Account Investment Options and the PBA will no longer be available under the Beneficiary Continuation Option Contract.


More Definitions of Option Contract

Option Contract means a contract pursuant to which one party agrees to grant to the other party a right (but not an obligation) exercisable on or before an agreed future date or (as the case may be) on an agreed future date at the option of the party holding such right to acquire or (as the case may be) to dispose of an agreed commodity or an agreed quantity of an agreed commodity at an agreed price, in each case whether or not the relevant commodity is deliverable, and “Option” shall be construed accordingly;
Option Contract means the form of contract of sale of real estate in respect of the Property annexed hereto and marked “Annexure C” or a substantially similar form to the contract attached with any amendments as required by law or otherwise;
Option Contract means a contract for an option on the terms of (i) an exchange contract or (ii) a Listed Interest Rates Contract
Option Contract means any option to buy or sell any Commodity or any Futures Contract that is executed on or subject to the Rules of the Exchange.
Option Contract means, as the case may be, (a) an option contract or option as defined in HKFE Rules, and/or (b) an option contract as defined in or deemed or ascribed as such in the relevant Foreign Futures Laws and/or the relevant Foreign FE Rules and/or relevant Clearing Rules, and/or (c) a contract executed between one party (the "first party") and another party (the "second party") on any Exchange under which: -
Option Contract means a contract pursuant to which one party grants to the other party a right (but not the obligation), exercisable by the latter party on or before a specified date, to acquire or (as the case may be) to dispose of a specified quantity of a commodity or financial contract at an agreed price.
Option Contract or “option” means a contract executed between one party (the “first party”) and another party (the “second party”) on any commodity, futures or options exchange under which: (a) the first party grants the second party the right, but not the obligation, or quantity of a commodity, from the first party at an agreed price on or before an agreed future date or on an agreed future date as the case may be and, in the event that the second party exercises his right to buy: (i) the first party is obliged to deliver the commodity at the agreed price; or (ii) the second party receives a payment referable to the amount (if any) by which the commodity is at the time of the exercise worth more than the agreed price, such payment being determined in accordance with the rules of the commodity, futures or options exchange in which the contract is made; or (b) the first party grants to the second party the right, but not the obligation, to sell an agreed commodity, or quantity of a commodity, to the first party at an agreed price on or before an agreed future date or on an agreed future date as the case may be and, in the event that the second party exercises his right to sell: (i) the first party is obliged to take delivery of the commodity at the agreed price; or (ii) the second party receives a payment referable to the amount (if any) by which the agreed price is worth more than the price of the commodity at the time of the exercise, such payment being determined in accordance with the rules of the commodity, futures or options exchange in which the contract is made; a contract falling within sub-paragraph (a) being a “Call Option” and a contract falling within sub-paragraph (b) being a “Put Option”;