Template:Nutshell Equity Derivatives 3.1(a): Difference between revisions

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:{{eqderivprov|3.1(a)}} “'''{{eqderivprov|Exercise Period}}'''” means, unless otherwise specified in the related {{eqderivprov|Confirmation}}, <br>
:{{eqderivprov|3.1(a)}} “'''{{eqderivprov|Exercise Period}}'''” means: <br>
::(i) for an {{eqderivprov|American Option}}, all {{eqderivprov|Scheduled Trading Days}} from, and including, the {{eqderivprov|Commencement Date}} to, and including, the {{eqderivprov|Expiration Date}} between 9:00 a.m. and the {{eqderivprov|Latest Exercise Time}}, <br>
::(i) '''For {{eqderivprov|American Option}}s''': all {{eqderivprov|Scheduled Trading Days}} from, and including, the {{eqderivprov|Commencement Date}} to, and including, the {{eqderivprov|Expiration Date}} between 9:00 a.m. and the {{eqderivprov|Latest Exercise Time}}, <br>
::(ii) for a {{eqderivprov|Bermuda Option}}, each {{eqderivprov|Potential Exercise Date}} and the {{eqderivprov|Expiration Date}}, between 9:00 a.m. and the {{eqderivprov|Latest Exercise Time}}, and <br>
::(ii) '''For {{eqderivprov|Bermuda Option}}s''': each {{eqderivprov|Potential Exercise Date}} and the {{eqderivprov|Expiration Date}}, between 9:00 a.m. and the {{eqderivprov|Latest Exercise Time}}, and <br>
::(iii) for a {{eqderivprov|European Option}}, the {{eqderivprov|Expiration Date}} between 9:00 a.m. and the {{eqderivprov|Expiration Time}}. <br>
::(iii) '''For {{eqderivprov|European Option}}s''': the {{eqderivprov|Expiration Date}} between 9:00 a.m. and the {{eqderivprov|Expiration Time}}. <br>
:All times in this paragraph will be local time in the location specified in the {{eqderivprov|Confirmation}} for receipt by {{eqderivprov|Seller}} or {{eqderivprov|Seller’s Agent}} or, where not specified, local time in the jurisdiction of the {{eqderivprov|Exchange}}. <br>
::All such times will be local time in the location specified in the {{eqderivprov|Confirmation}} for receipt by {{eqderivprov|Seller}} or {{eqderivprov|Seller’s Agent}} or, if not specified, local time in the jurisdiction of the {{eqderivprov|Exchange}}. <br>

Latest revision as of 14:00, 10 May 2022

3.1(a) “Exercise Period” means:
(i) For American Options: all Scheduled Trading Days from, and including, the Commencement Date to, and including, the Expiration Date between 9:00 a.m. and the Latest Exercise Time,
(ii) For Bermuda Options: each Potential Exercise Date and the Expiration Date, between 9:00 a.m. and the Latest Exercise Time, and
(iii) For European Options: the Expiration Date between 9:00 a.m. and the Expiration Time.
All such times will be local time in the location specified in the Confirmation for receipt by Seller or Seller’s Agent or, if not specified, local time in the jurisdiction of the Exchange.
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