# Market Information > Market Information means an accessible document detailing distinct financial and technical parameters applicable to transactions, available on multiple **Term:** Market Information **Last updated:** 2026-07-29 ## Definition ## What Market Information Means in a Contract Market Information, as a defined term in a commercial contract, refers to a body of data, published or otherwise accessible, that sets out the financial and technical parameters relevant to a particular transaction or class of transactions. It is not a generic reference to market conditions but a specific, contractually recognized source that the parties agree to use as a common reference point. This might include interest rate benchmarks, commodity prices, exchange rates, technical specifications, or performance indices published by a recognized body or made available through a specified platform. The purpose of defining Market Information in a contract is to remove ambiguity about which figures or standards apply when calculating payments, adjusting prices, or assessing compliance. Without a clear definition, parties could dispute which source, timeframe, or version of data should govern their obligations. By anchoring the term to an accessible document or set of documents, the contract gives both sides a verifiable and, ideally, neutral reference. In practice, Market Information often functions as an input rather than an obligation itself. It feeds into formulas for pricing, indexing, or risk assessment, and its accuracy or timeliness can directly affect the financial outcome of the agreement for one or both parties. ## How Market Information Is Defined or Measured Contracts typically define Market Information by reference to its source, format, and update frequency rather than by listing every data point it might contain. A definition might specify that Market Information means data published by a named exchange, index provider, or regulatory body, updated daily, weekly, or at another stated interval. Precision about the source is important because different providers can report slightly different figures for what appears to be the same metric. Measurement also depends on the type of transaction. In financial agreements, Market Information might consist of interest rate benchmarks or credit spreads used to calculate variable payments under a