Template:Nutshell Equity Derivatives 2.3: Difference between revisions

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Replaced content with "{{eqderivprov|2.3}}. '''{{eqderivprov|Option Type}}'''. <br> {{Nutshell Equity Derivatives 2.3(a)}} {{Nutshell Equity Derivatives 2.3(b)}}"
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Section {{eqderivprov|2.3}}. '''{{eqderivprov|Option Type}}'''. <br>
{{eqderivprov|2.3}}. '''{{eqderivprov|Option Type}}'''. <br>
:{{eqderivprov|2.3(a)}} '''{{eqderivprov|Call}}'''. “'''{{eqderivprov|Call}}'''” means an {{eqderivprov|Option Transaction}} entitling {{eqderivprov|Buyer}} upon exercise: <br>
{{Nutshell Equity Derivatives 2.3(a)}}
::(i) where “'''{{eqderivprov|Cash Settlement}}'''” is applicable, to receive from {{eqderivprov|Seller}} an {{eqderivprov|Option Cash Settlement Amount}} if the {{eqderivprov|Settlement Price}} exceeds the Strike Price; and <br>
{{Nutshell Equity Derivatives 2.3(b)}}
::(ii) where “'''{{eqderivprov|Physical Settlement}}'''” is applicable, to purchase {{eqderivprov|Shares}} or {{eqderivprov|Baskets}} of {{eqderivprov|Shares}} from {{eqderivprov|Seller}} at the {{eqderivprov|Settlement Price}} per {{eqderivprov|Share}} or {{eqderivprov|Basket}}, <br>
:in each case as more particularly provided in or pursuant to these Definitions and the related {{eqderivprov|Confirmation}}. <br>
:(b) '''{{eqderivprov|Put}}'''. “'''{{eqderivprov|Put}}'''” means an {{eqderivprov|Option Transaction}} entitling {{eqderivprov|Buyer}} upon exercise: <br>
::(i) where “'''{{eqderivprov|Cash Settlement}}'''” is applicable, to receive from {{eqderivprov|Seller}} an {{eqderivprov|Option Cash Settlement Amount}} if the {{eqderivprov|Strike Price}} exceeds the {{eqderivprov|Settlement Price}}; and <br>
::(ii) where “'''{{eqderivprov|Physical Settlement}}'''” is applicable, to sell {{eqderivprov|Shares}} or {{eqderivprov|Baskets}} of {{eqderivprov|Shares}} to {{eqderivprov|Seller}} at the {{eqderivprov|Settlement Price}} per {{eqderivprov|Share}} or {{eqderivprov|Basket}}, <br>
:in each case as more particularly provided in or pursuant to these Definitions and the related {{eqderivprov|Confirmation}}.<br>

Latest revision as of 12:18, 10 May 2022

2.3. Option Type.

2.3(a) “Call” means an Option Transaction entitling Buyer:
(i) Where “Cash Settlement” applies: To receive from Seller the Option Cash Settlement Amount (where the Settlement Price exceeds the Strike Price); and
(ii) Where “Physical Settlement” applies: To buy Shares (or Baskets) from Seller at the Settlement Price per Share or Basket.
2.3(b) “Put” means an Option Transaction entitling Buyer:
(i) Where “Cash Settlement” applies: To receive from Seller the Option Cash Settlement Amount (where the Strike Price exceeds the Settlement Price); and
(ii) Where “Physical Settlement” applies: To sell Shares (or Baskets) to Seller at the Settlement Price per Share or Basket.
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