non-fungible
nonfungible

All non-fungible benchmarks built in 2006–07 were within their target range.

By producing a separate operating statement and balance sheet for each non-fungible fund.

The terms "fungible" and "non-fungible" are a feature of assets.

Benchmark bond target ranges were achieved for non-fungible issues.

Reloading shotshells is therefore more along the lines of precisely following a recipe with non-fungible components.

CMBs are issued in both fungible and non-fungible form.

Other operators, by contrast, allows clients to create a bailment on allocated (non-fungible) gold, which becomes the legal property of the buyer.

Furthermore, the two charts below indicate a pronounced shift in favour of non-fungible CMBs.

The bidding rules have been modified on non-fungible bills to allow for the capability to allow bidding to range from zero to the full amount.

The rule for auctions of non-fungible CMBs also exempts participants from minimum participation requirements.

Minimum and maximum bidding requirements have been suspended since September 2004 for the non-fungible type of CMBs.

On the other hand, non-fungible tasks tend to be highly serial in nature and require the completion of earlier steps before later steps can even be started.

Banks may issue gold certificates for gold that is allocated (non-fungible) or unallocated (fungible or pooled).

They propose that people mentally divide their assets into non-fungible mental accounts - current income, current assets (savings) and future income.

We have analyzed in more detail the coverage and tails relating to the non-fungible and fungible issue types over the last few years, based on the following chart.

This is also why the treasury managers do not view that tails are as meaningful an indicator for the non-fungible category as it would be for the others.

Dealers’ performance at buyback operations and at auctions of non-fungible cash management bills is now taken into account in evaluating PD status and bidding limits.

Non-fungible CMBs provide even greater flexibility to treasury managers, as they are not constrained by any calendar other than the term of the projected needs for funds.

Fungible versus non-fungible The vast majority of dealers prefer fungible CMBs, given their superior marketability.

There is no clear consensus among the market participants with respect to the complete freedom of bidding (from zero participation to 100%) for non-fungible Cash Management Bill auctions.

Those without customers interested in non-fungibles are less concerned, as they are not required to bid at non-fungible CMB auctions and simply do not do so.

However, other participants do not see a problem and since the auctions of non-fungible CMBs are very well covered, we share the treasury managers’ view that the process is successful.

This document sets out the rules governing participation, procedures for tenders, bidding limits and delivery and settlement procedures for both fungible and non-fungible CMBs.

The change, which allows participants that have either a limited or strong interest in non-fungible cash management bills to participate to the extent of their interest, has been well accepted by market participants.

In the case of the tails (defined as the difference between the highest accepted yield and the average yield of the auction), they are much more volatile for the non-fungible CMBs.

If the new exchange opts to make the futures nonfungible, the ability to trade easily will be a concern among investors and customers, said partners at several option-trading firms.

Fungibility usually isn't a factor in the futures business, and any decision to launch a nonfungible product will be an intriguing litmus test as other exchanges prepare to trade single-stock futures.

Among them, whether Options Clearing Corp., which clears options contracts and is owned jointly by the five major U.S. option exchanges, will honor nonfungible contracts exclusive to one of the exchanges.