Template:Nutshell Equity Derivatives 11.2(b)

11.2(b): Options Exchange Adjustment:If the Method of Adjustment is “Options Exchange Adjustment” then following adjustment to exchange-traded options the Calculation Agent will adjust any relevant variable under that Transaction that it thinks necessary to reflect the Options Exchange adjustment, effective as of the same date. If there are’t any exchange-traded options options on the Shares, the Calculation Agent will adjust the Transaction as it thinks fit, by analogy to the Options Exchange’s rules that would have applied had the options in question been traded on it.