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:{{eqderivprov|3.4(a)}} '''{{eqderivprov|Cash Settlement}}''': at the {{eqderivprov|Expiration Time}} on the {{eqderivprov|Expiration Date}}; and <br> | :{{eqderivprov|3.4(a)}} '''{{eqderivprov|Cash Settlement}}''': at the {{eqderivprov|Expiration Time}} on the {{eqderivprov|Expiration Date}}; and <br> | ||
:{{eqderivprov|3.4(b)}} '''{{eqderivprov|Physical Settlement}}''': if the {{eqderivprov|Calculation Agent}} determines the {{eqderivprov|Option}} to be {{eqderivprov|In-the-Money}} at such time, as at the {{eqderivprov|Expiration Time}} on the {{eqderivprov|Expiration Date}}. | :{{eqderivprov|3.4(b)}} '''{{eqderivprov|Physical Settlement}}''': if the {{eqderivprov|Calculation Agent}} determines the {{eqderivprov|Option}} to be {{eqderivprov|In-the-Money}} at such time, as at the {{eqderivprov|Expiration Time}} on the {{eqderivprov|Expiration Date}}. | ||
:{{eqderivprov|3.4(c)}} “'''{{eqderivprov|In-the-Money}}'''” means | :{{eqderivprov|3.4(c)}} “'''{{eqderivprov|In-the-Money}}'''” means: | ||
::(i) | ::(i) '''For a {{eqderivprov|Call}}''': That the {{eqderivprov|Reference Price}} at least equals the price at which a {{eqderivprov|Related Exchange}} would automatically exercise a {{eqderivprov|Physically-settled}} option on that {{eqderivprov|Share}} with that {{eqderivprov|Strike Price}} or, if there are no listed options on that {{eqderivprov|Share}} or there is no {{eqderivprov|Related Exchange}}, the {{eqderivprov|Reference Price}} exceeds the {{eqderivprov|Strike Price}}; and | ||
: | ::(ii) '''For a {{eqderivprov|Put}}''': That the {{eqderivprov|Reference Price}} is no greater than the price at which a {{eqderivprov|Related Exchange}} would automatically exercise a {{eqderivprov|Physically-settled}} option on that {{eqderivprov|Share}} with that {{eqderivprov|Strike Price}} or, if there are no listed options on that {{eqderivprov|Share}}, or there is no {{eqderivprov|Related Exchange}}, the {{eqderivprov|Reference Price}} is less than the {{eqderivprov|Strike Price}}); and | ||
:{{eqderivprov|3.4(d)}} “'''{{eqderivprov|Reference Price}}'''” means the price per {{eqderivprov|Share}} or per {{eqderivprov|Basket}} determined as of the {{eqderivprov|Expiration Time}} on the {{eqderivprov|Expiration Date}} and, if no means of determining such price or amount are provided, that will be: | |||
::(ii) | ::(i) '''For a {{eqderivprov|Share Option Transaction}}''': The {{eqderivprov|Relevant Price}} of the {{eqderivprov|Share}} | ||
::(ii) '''For a {{eqderivprov|Share Basket Option Transaction}}''':the sum of the values for each {{eqderivprov|Share}} in the {{eqderivprov|Basket}} determined as its {{eqderivprov|Relevant Price}} multiplied by its {{eqderivprov|Number of Shares}} (in either case, using the {{eqderivprov|Valuation Time}} and {{eqderivprov|Valuation Date}} as the {{eqderivprov|Expiration Time}} and {{eqderivprov|Expiration Date}}) | |||
:{{eqderivprov|3.4(d)}} “'''{{eqderivprov|Reference Price}}'''” means the price per {{eqderivprov|Share}} or |