The document discusses the risks and procedures associated with exercising yield-based options, particularly when the exercise settlement value of the underlying yield is not available or may change. It highlights the potential financial risks for holders who exercise options prematurely and the role of the Options Clearing Corporation (OCC) in determining settlement values when official yields are unavailable.
doj/DataSet10/EFTA01393140.pdf
{"document_type":"other","key_organizations":["Options Clearing Corporation (OCC)"]}