The document outlines the assignment procedures for options exercised through the Options Clearing Corporation (OCC). It describes how assignments are made prior to trading on the business day following receipt of exercise instructions, and how options assignments are allocated to customers by member firms. It also discusses the risks for option writers, particularly those with uncovered positions, and the settlement process for exercised options.
documents/vol00010-efta01353444-pdf.pdf
{"document_type":"correspondence","document_subtype":"assignment procedures","key_organizations":["Options Clearing Corporation (OCC)"]}