Definitions for "Exchange Agreement"
An agreement between two parties which defines the terms and conditions for the exchange of gas and title transfer.
A document prepared at the beginning of an exchange outlining all the understandings between the taxpayer and the Qualified Intermediary. This document must be signed by the taxpayer before the exchange can begin.
A contractual agreement in which quantities of crude oil, petroleum products, natural gas, or electricity are delivered, either directly or through intermediaries, from one company to another company, in exchange for the delivery by the second company to the first company of an equivalent volume or heat content. The exchange may take place at the same time and location or at different times and/or locations. Such agreements may also involve the payment of cash. Note: EIA excludes volumes sold through exchange agreements to avoid double counting of data. See energy exchange above.
Keywords:  equity, positions, contract, title
A contract for the exchanging of title and equity positions.