SAFEX definition

SAFEX means the South-African Futures Exchange;

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SAFEX means the Derivatives Division of the JSE (formerly known as the South African Futures Exchange);

SAFEX means the South African Futures Exchange or any successor thereto;

Examples of SAFEX in a sentence

The customer authorises VKB herewith irrevocably and unconditionally to realize these products or as much of these products as may be necessary, either by selling them or by acquiring them for its own account against the ruling SAFEX price, minus the transport differential in respect of the silo in question on the day on which these products are realized accordingly.
This value shall be calculated against the ruling SAFEX price, minus the transport differential for the silo in question on the day on which VKB decides that it has become impossible to meet its aforementioned delivery commitments.
If the product is not traded on SAFEX, the parties must attempt in good faith to agree on the cash value of that product.
SA Derivatives is a member of the JSE, SAFEX, Yield X, Foreign Exchange Broker (as per Section 5(C) of the Exchange Control Rulings), and is an authorised Financial Services Provider.
In such an event, the customer shall pay to VKB, or VKB to the customer, depending on the case, remuneration according to the difference in value between the grades determined by SAFEX, or as agreed upon between the customer and VKB by means of negotiation.
The JSE has introduced the listing of a Copper futures contract which is quoted in Rand and linked to the COMEX listed (a division of NYMEX) product on SAFEX.
An additional Agribusiness Linkages Officer responsible for livestock sales will be employed in Limpopo Province and an Agricultural Broker, responsible for forward contracting, SAFEX trading and hedging of contracts will be employed in Head Office to coordinate the growing transactions emerging from the provincial offices.
The SAFEX listed contract price is calculated using the USD price together with the ZAR forward points which translate into a ZAR per ounce price with the price reflecting the price per ounce.
The SAFEX listed contract price is calculated using the USD price together with the ZAR forward points which translate into a ZAR price per ounce.
In such an event, the customer shall pay to VKB, or VKB to the customer, depending on the case, remuneration according to the difference in value between the grades determined by SAFEX, and in the event that the product does not trade on SAFEX, the reasonable value as formally communicated to VKB’s customers from time to time.

More Definitions of SAFEX

SAFEX means the Financial Derivatives Division of the JSE Limited (previously referred to as the South African Futures Exchange);

SAFEX means the South African Futures Exchange or any successor thereto; “Securities” means the Satrix 40 securities or such replacement securities as determined by Standard in its sole discretion in the event that the Satrix 40 has

SAFEX means SAFEX Financial Derivatives, a division of the JSE Limited;