Open contracts

Open contracts

Contracts that have been bought or sold without completion of the transaction by subsequent sale or purchase, or by making or taking actual delivery of the financial instrument or physical commodity.

Open Contracts

Futures, forwards, and other contracts that have not expired. This means that the underlying asset has not changed hands, and the holder of the contract may sell it on the open market.
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References in periodicals archive ?
Open Contracts Award: Proposed eye clinic at akosombo in the eastern region
The majority of open contracts in the PMEX have already been closed out and sufficient margins in cash are available in respect of open contracts.
The government has extended for one extra year three open contracts for the provision of medical supplies, Which should have expired in 2010, reports Prensalibre.
Another firm, Open Contracts - which is based in Surrey - was also prosecuted following the death of Paul Morrissey more than three years ago.
The Commission had proposed that open contracts should only be available after a total period of six years under contract.