The GCC definition
Examples of The GCC in a sentence
The GCC can be used for both smaller admeasurement contracts and lump sum contracts.
The GCC provides customer support via a specified telephone number and during specified hours.
The GCC may consider any relevant information, including, but not limited to, the last trade price in the contract or a better bid or offer price on the electronic trading system, a more recent price in a different contract month, the price of the same or related contract established in another venue or another market, the market conditions at the time of the trade, the theoretical value of an option based on the most recent implied volatility and responses to a Request for Quote (RFQ).
General Conditions of Contract Notes on the General Conditions of Contract The GCC in Section IV, read in conjunction with the SCC in Section V and other documents listed therein, should be a complete document expressing all the rights and obligations of the parties.
General Conditions of Contract (GCC) Notes on the General Conditions of Contract (GCC) The GCC provides the general terms and conditions of the contract between the Procuring Entity and the winning bidder.
The GCC may review a trade based on its analysis of market conditions or a request for review by a user of the electronic trading system.
The GCC shall promptly determine whether the trade will be subject to review and upon deciding to review a trade, the GCC will promptly issue an alert indicating that the trade is under review.
The GCC clearly identify the provisions that may normally need to be specified for a particular bidding process and require that such specification be introduced through the SCC.
The GCC provides Globex customer support and problem management only to members, clearing members and customers designated by clearing members.
The GCC contain standard provisions that have been designed to remain unchanged and to be used without modifying their text.