Payment Rule Terms

Payment Rule Basis: Settlement basis where it is T or delivery, or trade date, or simply a prepayment. Restrictions on number of days forward or back it can be based on, and calendar days and business days supported.

Supported Rules:

1. T + <X> where T is settlement date; where X can be up to 180

2. On the <X>th business day of next month

3. On or after <X>th day of next month

4. On the <X>th business day of the month following contract month

5. On or after <X>th day of the month following the contract month

6. Trade date + <X>; where X can be up to 180

7. Delivery date + <X>; where X can be up to 180

8. Prepayment based on 100% of value can be rule based on T + <X> where T is settlement date, Delivery date + <X> or Trade date + <X>; limitation of minus 180

Coming Soon:

1. On or before <X>th day of next month