The document discusses the risks and procedures associated with exercising yield-based options before the exercise settlement value is available. It highlights the potential financial obligations for holders if the underlying yield changes unfavorably after exercise. The document also addresses the possibility of trading halts and the role of the Options Clearing Corporation (OCC) in determining settlement values when official values are unavailable.
documents/vol00010-efta01353467-pdf.pdf
{"document_type":"legal","document_subtype":"legal notice","key_organizations":["Options Clearing Corporation (OCC)"],"reference_numbers":["EFTA01353467"]}