Index Option Transaction - Equity Derivatives Provision: Difference between revisions

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====Commentary====
==={{t|EMIR}} application===
 
[[Share Option Transaction - Equity Derivatives Provision|Single-stock equity options]] and [[Index Option Transaction - Equity Derivatives Provision|index option]]s are covered by {{tag|EMIR}}, but implementation was to be phased in so that no [[variation margin]] or [[initial margin]] is required to be exchanged until 3 years from the entry into force of the margin rules.
====Related Provisions====
 
 
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Revision as of 10:20, 31 August 2017

Equity Derivatives Anatomy™

Section 1.2. Option Transaction. “Option Transaction” means a transaction that is (a) an over-the-counter (“OTC”) equity option transaction relating to a single index (an “Index Option Transaction”), (b) an OTC equity option transaction relating to a single share or other security (a “Share Option Transaction”), (c) an OTC equity option transaction relating to a basket of indices (an “Index Basket Option Transaction”) or (d) an OTC equity option transaction relating to a basket of shares or other securities (a “Share Basket Option Transaction”).

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EMIR application

Single-stock equity options and index options are covered by EMIR, but implementation was to be phased in so that no variation margin or initial margin is required to be exchanged until 3 years from the entry into force of the margin rules.