Examples of Relevant Reference Price in a sentence
The EDSP for Contracts for a particular delivery month shall be calculated by the Exchange as the Relevant Reference Price, adjusted where applicable in accordance with Rule QQQQQ.5(c), rounded to the nearest Minimum EDSP Price Increment as specified by the Exchange in the List of Contract Details or, where the Relevant Reference Price is an exact uneven multiple of one half of the Minimum EDSP Price Increment, to the nearest higher Minimum EDSP Price Increment.
Where the Underlying Currency is different from the Relevant Currency, the Relevant Reference Price shall be converted to the Relevant Currency by application of the conversion rate referred to in the List of Contract Details prior to rounding being carried out in accordance with Rule QQQQQ.5(b).
If no Relevant Reference Price is available in respect of a delivery month, the Exchange shall fix the EDSP for such Contracts at a price determined by it, in its absolute discretion, as being consistent with cash market values of the securities the subject of such Contracts.
The Exercise Right will be automatically exercised on the Final Valuation Date.The Differential Amount will be calculated by subtracting the Strike from the Relevant Reference Price.
Subject to Rules QQQQQ.5(d) and QQQQQ.5(e), the EDSP shall be calculated by reference to the Relevant Reference Price.