The document outlines the settlement procedures for options exercised through the Options Clearing Corporation (OCC). It details the responsibilities of clearing members, the process for settlements involving securities that are called for redemption or due to expire, and the liability procedures in case of delivery failures. It also mentions the regular settlement dates for stock options and cash-settled options.
documents/vol00010-efta01353445-pdf.pdf
{"document_type":"legal","document_subtype":"settlement procedures","key_organizations":["Options Clearing Corporation (OCC)","Securities and Exchange Commission (SEC)"],"reference_numbers":["EFTA01353445"]}