The document discusses the risks associated with exercising options, particularly focusing on the timing risk for writers of cash-settled index options. It explains the difference in risk between American-style and European-style options and highlights the potential errors in reported index levels affecting settlement values.
documents/vol00010-efta01353504-pdf.pdf
{"document_type":"legal","document_subtype":"legal document","reference_numbers":["SDNY_GM_00184087","EFTA01353504"]}