Exercise of Options - Equity Derivatives Provision
Article 3 Exercise of Options
Section 3.1. General Terms Relating to Exercise
3.1(a) Exercise Period
3.1(b) Exercise Date
3.1(c) Potential Exercise Date
3.1(d) Latest Exercise Time
3.1(e) Expiration Time
3.1(f) Expiration Date
Section 3.2. Procedure for Exercise
Section 3.3. Multiple Exercise
“Multiple Exercise” crops up in a number of places in the extended ISDA Universe. The canonical definition is “Multiple Exercise” in the 2021 ISDA Interest Rate Derivatives Definitions, but it also shows up in the 2002 ISDA Equity Derivatives Definitions (Multiple Exercise) and the ISDA EU Emissions Annex (Multiple Exercise), in each case getting to the same point, but in marginally different language.
Section 3.4. Automatic Exercise
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Equity Derivatives Anatomy™
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