Makes sense to me. I did a google on “integral tender” and it doesn’t seem to be a term. Integral has different meetings. It can mean the whole of a work, like, “the integral works of an author”, but it seems more common to say, “an integral part” of something, meaning that this is a part of a bigger whole. So, I find “integral tender” to be ambiguous and think All-or-None would be better. David From:
energyinterop@lists.oasis-open.org <
energyinterop@lists.oasis-open.org> On Behalf Of Considine, Toby Sent: Tuesday, February 8, 2022 4:53 PM To:
energyinterop@lists.oasis-open.org Subject: [energyinterop] What is Integral? I know what an Integral Tender is, because I was there during EI. I was talking today to someone who asked "why don't we use the term "Complete?" I scratched my head, and began searching. The closest I could find was in the CME Group, where there is the term "All-or-None"
https://www.cmegroup.com/clearing/trading-practices/all-or-none.html Trading Practices: All-Or-None Orders - CME Group All-or-None (AON) orders are orders executed in the open outcry venue that must be filled in their entirety at a single price. AON transactions are permitted only in certain products and must be for a quantity that meets or exceeds the exchange-specified AON minimum quantity for that product.
www.cmegroup.com And also this (which has a nice discussion of the effects fo such tenders):
https://www.investopedia.com/terms/a/aon.asp SO why don't we use the term All-or-None All Or None (AON) Definition - Investopedia All or none (AON) is an order type with the instruction to fill the order completely or cancel it; partial fills are not allowed. AON orders usually take longer to execute than normal orders ...
www.investopedia.com