Open Contract definition
Examples of Open Contract in a sentence
Clearing Members with Open Contract Positions at this time for a Contract Set subject to delivery are obliged to make or take delivery.
Except as directed by the Client where the Client is not in default hereunder and no Event of Default (as defined in Clause 8.1) has occurred, the Company shall not be obliged to close out any Open Contract.
Such Margin shall be maintained with KGI and the Client shall not withdraw the same until the Open Contract to which it relates has been closed out.
This is calculated for all deliverable Open Contract Positions at close of business on D-2 (which corresponds to M-2 for the first delivery day and M-1 for the second).
Submission of delivery intentions for ICE Endex French PEG Natural Gas Futures Contract By 11:30 CET Buyer and Seller must, for all deliverable Open Contract Positions, submit their delivery intentions via ECS for the ICE Endex French PEG Natural Gas Futures Contract.