Price Determination Day

Price Determination Day. Shall mean each day on which a settlement price for NYMEX Division light sweet crude oil futures contracts are calculated based upon trading by open outcry on the facilities of NYMEX. If trading of the NYMEX Division light sweet crude oil futures contracts ceases to occur by open outcry and is transferred by NYMEX to an electronic platform, a Price Determination Day shall mean each day on which the settlement price for such contracts is calculated based upon trading of such futures contracts on... such electronic platform. View More