Trader to select Price Clause Samples

The 'Trader to select Price' clause grants the trader the authority to determine the price at which a transaction or trade will be executed. In practice, this means that the trader, rather than another party or a preset mechanism, has discretion to set the price for buying or selling goods, securities, or other assets under the agreement. This clause is commonly used in trading or brokerage contracts to provide flexibility and responsiveness to market conditions. Its core function is to allocate decision-making power over pricing to the trader, ensuring that prices can be set efficiently and in line with real-time market dynamics.
Trader to select Price. Option to match meter register configuration: If the Distributor provides options within a Price Category that correspond to alternative eligible meter register configurations ("Price Options"), the Trader must: (a) select the Price Option that corresponds to the configuration of each meter register installed at the relevant ICP; (b) notify the Distributor of that selection in accordance with the relevant EIEP; and (c) if the meter register configuration for the ICP changes, change the Price Option to match the new configuration and notify the Distributor of the change in accordance with the relevant EIEP.
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Trader to select Price. Option to match meter register configuration: If the Distributor provides options within a Price Category that correspond to alternative eligible meter register configurations ("Price Options"), the Trader must select the Price Option that corresponds to the configuration of each meter register installed at the relevant ICP and notify the Distributor of that selection within 10 Working Days after its selection using the appropriate EIEP. If the meter register configuration at an ICP is changed at any time, the Trader must change the Price Option to match the new configuration and notify the Distributor of the change using the appropriate EIEP within 10 Working Days after the change. A distributor should be required to publish criteria for a particular price category code and be required to comply with that criteria. Simply Energy is aware of situations where distributors have refused to supply a consumer under a given price category even though the consumer met the published criteria. The retailer should be able to sell to a consumer on the basis of the published criteria, and not have to check whether the distributor will agree in each instance (adds unnecessary time and cost, creating inefficiency). It is therefore suggested that the wording of this clause is modified to read: At any time, the Trader may request that the Distributor allocate an alternative Price Category to an ICP, and must provide any information necessary to support its request. If the ICP meets the eligibility criteria published in the annual pricing notification for the requested alternative Price Category, the Distributor must apply the change.
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Related to Trader to select Price

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