mike23 Nov 17, 2022:

“‘Liquidate’ means, with respect to any Hedging Agreement, the sale, assignment, novation, unwind or termination of all or any part of such Hedging Agreement; provided that for purposes of this definition, a Hedging Agreement shall not be deemed to have been Liquidated if, (a) such Hedging Agreement is novated from the existing counterparty to an Approved Counterparty, with the Borrower or a Restricted Subsidiary being the “remaining party” for purposes of such novation, or (b) upon its termination, it is replaced, in a substantially contemporaneous transaction, with one or more Hedging Agreements with approximately the same mark-to-market value and without cash payments to the Borrower or any Restricted Subsidiary in connection therewith. The terms “Liquidated” and “Liquidation” have correlative meanings thereto.”
https://www.sec.gov/Archives/edgar/data/1469510/000119312514...

geopiet Nov 16, 2022:

anulowanie ... odstąpienie od ... takiego zabezpieczenia w tej umowie ... ?

geopiet Nov 16, 2022:

Hedging allows a market participant to lock in prices and margins in advance and reduces the potential for unanticipated loss.
Hedging reduces exposure to price risk by shifting that risk to those with opposite risk profiles or to investors who are willing to accept the risk in exchange for profit opportunity.
Hedging with futures eliminates the risk of fluctuating prices, but also means limiting the opportunity for future profits should prices move favorably

- http://www.kisfutures.com/GuideEnergyHedging_NYMEX.pdf - page 9

geopiet Nov 16, 2022:

Oil Hedging – Financial Contracts, Hedging Example https://ektinteractive.com/supply-trading-transportation/hed...