The daily settlement price of a Contract shall be determined:
7.11.1.1 in Non-Relevant Market Contracts, by using price data from market participants or derived from pricing models, as selected or established by the Clearing House from time to time; and
Refer to Practice Note 7.11.1.1.
Refer to Practice Note 7.11.1.1.
7.11.1.2 in all other Contracts (other than Connect Contracts), in accordance with the relevant formula and procedures applicable to each Contract, as determined by the Clearing House. In arriving at such formula, the Clearing House may, in consultation with the Exchange, take into account factors, including but not limited to:
a. the last traded price;
b. bid and offer spread at the close of market; and
c. price data derived from pricing models, as selected or established by the Clearing House from time to time.
Refer to Practice Note 7.11.1.2.
7.11.1.3 in the Connect Contracts, in accordance with the relevant formula and procedures, as determined by the Clearing House.
Amended on 27 March 200627 March 2006, 22 September 200622 September 2006, 3 November 20103 November 2010, 8 November 20128 November 2012, 17 July 201917 July 2019 and 29 July 2022.