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Template:Nutshell Equity Derivatives 3.4: Difference between revisions
Template:Nutshell Equity Derivatives 3.4 (view source)
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{{eqderivprov|3.4}}. '''{{eqderivprov|Automatic Exercise}}'''. If “'''{{eqderivprov|Automatic Exercise}}'''” applies to an {{eqderivprov|Option Transaction}} then (unless, by the {{eqderivprov|Expiration Time}} on the {{eqderivprov|Expiration Date}} {{eqderivprov|Buyer}} notifies {{eqderivprov|Seller}} that {{eqderivprov|Automatic Exercise}} should not occur) each unexercised {{eqderivprov|Option}} will be automatically exercised: <br> | |||
:{{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}}. | ||