eligible commercial entity

Definition of "eligible commercial entity"
  1. An approved entity that can handle a contract's underlying commodity, faces commodity-related risks, or provides services such as risk management, hedging, or market-making for commodity trading entities
How to use "eligible commercial entity" in a sentence
  1. The oil company qualifies as an eligible commercial entity because it has the capacity to handle oil as a traded commodity.
  2. As an eligible commercial entity, the firm offers market-making services to businesses trading in agricultural commodities.
  3. Considering its expertise in risk management for metal trades, the organization is recognized as an eligible commercial entity.

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