Template:M comp disc Equity Derivatives 3

We have consolidated our commentary on Section 3 into four main pages:

• Section 3.1, being “General Terms Relating to Exercise”
• Section 3.2, being “Procedure for Exercise” (or, for the colloquially-minded, “exercise procedure”).
• Section 3.3, about Multiple Exercise, which only applies really to American and Bermuda Options, since they are the only ones you could conceivably exercise on different dates;
• Section 3.4, being about Automatic Exercise, a provision that ought not to create much fuss or confusion, being as it is, automatic.