TRAKRS Contracts definition

TRAKRS Contracts means any cash-settled Futures Contract (i) the final settlement price of which is calculated using the level of a broad-based, dynamic index of stocks, bonds, currencies, commodities or other financial instruments; (ii) that can be held by “non-institutional customers” through Broker Dealers and Registered Representatives; (iii) for which the establishment of a short position by a non-institutional customer requires a cash deposit equal to 50% of the current market value of the short position and may require subsequent payments as determined by the applicable Futures Market; (iv) for which the establishment of a long position by a non-institutional customer requires a cash deposit equal to 100% of the current market value of the long position and (v) having a term to expiration date when Listed of *****, provided, however, that the expiration date may be extended up to seven trading days beyond the fifth year
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Examples of TRAKRS Contracts in a sentence

  • For each Indexed Contract (excluding S&P ETF Contracts and TRAKRS Contracts), regardless of the date when it was first listed, and with an initial Notional Value of less than or equal to $100,000, CME shall pay S&P a per-Contract license fee equal to $*****.

Related to TRAKRS Contracts

  • New Contracts means binding new agreements or amendments to existing agreements with customers.

  • Project Contracts mean a contract or contracts with respect to the acquisition and/or construction of the Improvements entered into by the Company or the Issuer.

  • Service Contracts means contracts or agreements, such as maintenance, supply, service or utility contracts.

  • Assumed Contracts has the meaning set forth in Section 2.1(d).

  • Supply Contracts means contracts having as their object the purchase, lease, rental or hire-purchase, with or without an option to buy, of products. A supply contract may include, as an incidental matter, siting and installation operations;