emergency

Any occurrence or circumstance listed below which, in the opinion of the Exchange, requires immediate action and threatens or may threaten such things as the fair and orderly trading in, or the liquidation of, or delivery pursuant to, any contracts on the Exchange. Occurrences and circumstances which the Exchange may deem emergencies include the following:

- Any manipulative activity or attempted manipulative activity;

- Any actual, attempted, or threatened corner, squeeze, congestion, or undue concentration of positions;

- Any circumstances which may materially affect the performance of contracts traded on the Exchange, including failure of the payment system;

- Any action taken by the United States or any foreign government or any state or local government body, any other contract market, board of trade, or any other exchange or trade association (foreign or domestic), which may have a direct impact on trading on the Exchange;

- Any circumstance which may have a severe, adverse effect upon the physical functions of the Exchange including, for example, fire or other casualty; bomb threats; substantial inclement weather; power failures; communications breakdowns; computer system breakdowns; screen-based trading system breakdowns; malfunctions of plumbing, heating, ventilation and air conditioning systems; and transportation breakdowns.The bankruptcy or insolvency of any member or member firm of the Exchange or the imposition of any injunction or other restraint by any government agency, court or arbitrator upon a member of the Exchange which may affect the ability of that member to perform on its contracts;

- Any circumstance in which it appears that a member or any other person has failed to perform contracts, is insolvent, or is in such financial or operational condition or is conducting business in such a manner that such person cannot be permitted to continue in business without jeopardizing the safety of customer funds, members of the Exchange, or the Exchange; and

- Any other unusual, unforeseeable and adverse circumstance wit

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emergency e‧mer‧gen‧cy [ɪˈmɜːdʒnsi ǁ -ɜːr-] noun emergencies _PLURALFORM [countable]

1. an unexpected and dangerous situation that must be dealt with immediately:

• Ring this number in case of an emergency.

2. emergency repairs/​meeting/​reserves etc work, a meeting, money etc needed to deal with an urgent and unexpected problem:

• Workmen are carrying out emergency repairs to the bridge.

• emergency reserves held at the Bank of England

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Ⅰ.

emergency UK US /ɪˈmɜːdʒ^ənsi/ noun [C] (plural emergencies)

► a dangerous or serious situation that happens unexpectedly and needs fast action in order to avoid harmful results: »

Aim to build up risk-free savings in case of emergency.

»

The governor declared a state of emergency as flooding forced more than 1,400 residents from their homes.

Ⅱ.

emergency UK US /ɪˈmɜːdʒ^ənsi/ adjective [before noun]

► intended to help deal with an emergency: »

Another $2 billion in surplus revenue will be set aside, by law, in a state emergency fund.

emergency measure/plan/procedure »

Emergency measures introduced by major credit card issuers to stem the tide of fraud should be in place by the autumn.

»

emergency aid/assistance/help

► done very quickly because there is an emergency: »

Seven board members called for an emergency meeting.