Short Commodity Securities definition

Short Commodity Securities means a notice in the form prescribed from time to time by the Issuer for requesting Redemption of Short and Leveraged Commodity Securities using Settlement Pricingmeans Short and Leveraged Index Securities and Short and Leveraged Individual Securities and “Short or Leveraged Commodity Securities” means any of themmeans Short Index Securities and Leveraged Index Securities and “Short or Leveraged Index Securities” means any of themmeans Short Individual Securities and Leveraged Individual Securities and “Short or Leveraged Individual Securities” means any of themmeans Short Index Securities and Short Individual Securities
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Short Commodity Securities means One Times Short Index Securities, One Times Short Individual Securities and Three Times Short Individual Securities
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Examples of Short Commodity Securities in a sentence

  • For One Times Short Commodity Securities, LFi = -1, for Three Times Short Individual Securities, LFi = -3, for Two Times Leveraged Commodity Securities, LFi = +2 and for Three Times Leveraged Individual Securities, LFi = +3i;Ii,t is the level of the Commodity Index which the relevant class of Short and Leveraged Commodity Security references on the day on which the Price is being calculated.

  • One Times Short Commodity Securities and Three Times Short Individual Securities are designed to provide investors with an exposure of -1 or -3 times, respectively, to the daily percentage change in the relevant underlying index.

  • The Leverage Factor applicable to each class of One Times Short Commodity Securities is therefore -1 and for each classof Three Times Short Individual Securities is therefore -3.

Related to Short Commodity Securities

  • Commodity contract means a commodity futures contract, an option on a commodity futures contract, a commodity option, or another contract if the contract or option is:

  • Commodity Exchange Act means the Commodity Exchange Act (7 U.S.C. § 1 et seq.), as amended from time to time, and any successor statute.

  • Commodity Account is any “commodity account” as defined in the Code with such additions to such term as may hereafter be made.

  • Commodity Agreement means any forward contract, commodity swap, commodity option or other financial agreement or arrangement relating to, or the value of which is dependent upon, fluctuations in commodity prices.

  • Commodity means any material, article, supply, goods, or equipment.

  • Commodities means positions in Commodity Contracts, forward contracts, foreign exchange positions and traded physical commodities, as well as cash commodities resulting from any of the foregoing positions.

  • Equity Securities means, with respect to any Person that is a legal entity, any and all shares of capital stock, membership interests, units, profits interests, ownership interests, equity interests, registered capital, and other equity securities of such Person, and any right, warrant, option, call, commitment, conversion privilege, preemptive right or other right to acquire any of the foregoing, or security convertible into, exchangeable or exercisable for any of the foregoing, or any Contract providing for the acquisition of any of the foregoing.

  • Securities has the meaning stated in the first recital of this Indenture and more particularly means any Securities authenticated and delivered under this Indenture.