The document outlines the procedures and authority of the Options Clearing Corporation (OCC) in determining and adjusting the exercise settlement value of cash-settled foreign currency options. It details the OCC's authority to suspend options, fix cash settlement amounts, and the role of adjustment panels in protecting investors and the public interest. It also describes the procedures in case of delays in fixing cash settlement amounts and the implications for option holders and writers.
documents/vol00010-efta01353477-pdf.pdf
{"key_people":["Options Clearing Corporation (OCC)"],"document_type":"legal","document_subtype":"options market regulation","key_organizations":["Options Clearing Corporation (OCC)"],"reference_numbers":["EFTA01353477"]}