WAV u definition
WAV u means the weighted value for Designated Contract j of commodity u on day t-1 used for calculating the relevant Composite Commodity Index calculated in accordance with the Handbook, provided that where day t-1 is not both a Trading Day for that Composite Commodity Index and a General Trading Day then it shall be the weighted value for such Designated Contract on the first day prior to day t-1 which is both a Trading Day for that Composite Commodity Index and a General Trading Day;
WAV u means the weighted value for Designated Contract j of commodity u on day t used for calculating the relevant Composite Commodity Index calculated in accordance with the Handbook; WAV u means the weighted value for Designated Contract j of commodity u on day t-1 used for calculating the relevant Composite Commodity Index calculated in accordance with the Handbook and where day t-1 is not a Trading Day for that Composite Commodity Index which is a General Trading Day then it shall be the weighted value for such Designated Contract used to calculate the last published relevant value of the Composite Commodity Index on the first day prior to day t-1 which is both a Trading Day for that Composite Commodity Index and a General Trading Day;