The document discusses flexibly structured options, which are issued and traded by OCC in the U.S. Unlike other options, the terms of flexibly structured options are not all standardized, allowing parties to fix certain variable terms within market rules. The document highlights the risks, lack of active secondary market, and special trading procedures associated with these options.
doj/DataSet10/EFTA01393123.pdf
{"document_type":"other","document_subtype":"financial","key_organizations":["OCC"],"reference_numbers":["EFTA01393123"]}