Line 803 - "Reserves as Options" - The IRC does not see the benefit of re-phrasing widely understood concepts for reserves. See the CIM and IRC submitted work where reserves are products.

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    • Type: Improvement
    • Resolution: No Action
    • Priority: Minor
    • wd35
    • Affects Version/s: csprd02 Public Review Draft
    • Component/s: spec
    • None
    • Environment:

      IRC

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      Maintain consistency with genral business definitions:

      a. The exclusive right, usually obtained for a fee, to buy or sell something within a specified time at a set price.
      b. The privilege of demanding fulfillment of a contract at a specified time.

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      Maintain consistency with genral business definitions: a. The exclusive right, usually obtained for a fee, to buy or sell something within a specified time at a set price. b. The privilege of demanding fulfillment of a contract at a specified time.
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      The Committee opted to use common business language for contracts of a common form.

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      The Committee opted to use common business language for contracts of a common form.

          Assignee:
          Joshua Phillips (Inactive)
          Reporter:
          Toby Considine (Inactive)
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            Created:
            Updated:
            Resolved: