83,564
edits
Amwelladmin (talk | contribs) (Created page with "{{subst:2002 ISDA Equity Derivatives Definitions 9.1}}") |
Amwelladmin (talk | contribs) No edit summary |
||
Line 1: | Line 1: | ||
{{eqderivprov|9.1}}. '''{{eqderivprov|Physical Settlement of Option Transactions}}'''. For each {{eqderivprov|Exercise Date}} under a {{eqderivprov|Physically-settled}} {{eqderivprov|Option Transaction}}, on the {{eqderivprov|Settlement Date}}: <br> | |||
:(a) | :(a) '''{{eqderivprov|Call}}s''': {{eqderivprov|Buyer}} will pay {{eqderivprov|Seller}} ''{{eqderivprov|Settlement Price}} x {{eqderivprov|Number of Shares to be Delivered}}'' or ''{{eqderivprov|Settlement Price}} x {{eqderivprov|Number of Baskets to be Delivered}}'' (without regard to rounding) and {{eqderivprov|Seller}} will deliver the {{eqderivprov|Number of Shares to be Delivered}} or {{eqderivprov|Number of Baskets to be Delivered}} and will pay any {{eqderivprov|Fractional Share Amount}} to {{eqderivprov|Buyer}}; <br> | ||
:(b) | :(b) '''{{eqderivprov|Put}}s''': {{eqderivprov|Buyer}} will deliver the {{eqderivprov|Number of Shares to be Delivered}} or the {{eqderivprov|Number of Baskets to be Delivered}}, and pay any {{eqderivprov|Fractional Share Amount}} to {{eqderivprov|Seller}} and {{eqderivprov|Seller}} will pay to {{eqderivprov|Buyer}} ''{{eqderivprov|Settlement Price}} x {{eqderivprov|Number of Shares to be Delivered}}'' or ''{{eqderivprov|Settlement Price}} x {{eqderivprov|Number of Baskets to be Delivered}}'' (without regard to rounding); and <br> | ||
:(c) such | :(c)such payments and deliveries will be made on the {{eqderivprov|Settlement Date}} through the {{eqderivprov|Clearance System}} to the accounts specified in the {{eqderivprov|Confirmation}}. <br> |