Floating Price means the price or a factor of the price agreed to in the transaction as being based upon a specified index. “Market Disruption Event” means, with respect to an index specified for a transaction, any of the following events: (a) the failure of the index to announce or publish information necessary for determining the Floating Price; (b) the failure of trading to commence or the permanent discontinuation or material suspension of trading on the exchange or market acting as the index; (c) the temporary or permanent discontinuance or unavailability of the index; (d) the temporary or permanent closing of any exchange acting as the index; or (e) both parties agree that a material change in the formula for or the method of determining the Floating Price has occurred. For the purposes of the calculation of a replacement price for the Floating Price, all numbers shall be rounded to three decimal places. If the fourth decimal number is five or greater, then the third decimal number shall be increased by one and if the fourth decimal number is less than five, then the third decimal number shall remain unchanged.
Floating Price means a price per unit in $U.S. specified in a Transaction that is based upon a Price Source. (iv) “Market Disruption Event” means, with respect to any Price Source, any of the following events: (a) the failure of the Price Source to announce or publish the specified Floating Price or information necessary for determining the Floating price; (b) the failure of trading to commence or the permanent discontinuation or material suspension of trading in the relevant options contract or commodity on the Exchange or in the market specified for determining a Floating Price; (c) the temporary or permanent discontinuance or unavailability of the Price Source; (d) the temporary or permanent closing of any Exchange specified for determining a Floating Price; or (e) a material change in the formula for or the method of determining the Floating Price. (v) “Price Source” means, in respect of a Transaction, the publication (or such other origin of reference, including an Exchange) containing (or reporting) the specified price (or prices from which the specified price is calculated) specified in the relevant Transaction. (vi) “Trading Day” means a day in respect of which the relevant Price Source published the Floating Price. (c)
Examples of Floating Price in a sentence
Final settlement, following termination of trading for a contract month, will be based on the Floating Price.
The provisions of these rules shall apply to all futures contracts bought or sold on the Exchange for cash settlement based on the Floating Price.
The final settlement price will be the Floating Price calculated for each contract month.
The provisions of these rules shall apply to all contracts bought or sold on the Exchange for cash settlement based on the Floating Price.
SCOPE OF CHAPTERThe provisions of these rules shall apply to all futures contracts bought or sold on the Exchange for cash settlement based on the Floating Price.
More Definitions of Floating Price
Floating Price means the price for a Unit of the Commodity determined by the Bank for the automatic exercise of the Commodity Option in accordance with these Terms and Conditions.
Floating Price means a price for a Unit of the Commodity calculated by the Bank and recorded in the Confirmation as floating price.
Floating Price means, in respect of any Settlement Date or Payment Date, a price, expressed as a price per relevant Unit, for the related Calculation Period equal to:
Floating Price means the price or a factor of the price agreed to in the Transaction as being based upon a specified index. “Market Disruption Event” means, with respect to an index specified for a Transaction, any of the following events:
Floating Price. The arithmetic average of the daily settlement prices for the prompt month of the NYMEX Light Sweet Crude Oil Futures Contract for each NYMEX Trading Day during the applicable Determination Period CONTRACTUAL CURRENCY: US Dollars GOVERNING LAW: Texas GENERAL TERMS AND CONDITIONS OF CONFIRMATIONS: The general terms and conditions contained in Annex A attached hereto and made a part hereof apply and are incorporated herein by reference
Floating Price has the meaning specified in § 15.1 (Settlement Price Calculation): “Force Majeure” has the meaning specified in § 7.1 (Definition of Force Majeure);