The document discusses the adjustment of terms for foreign currency options, particularly in cases where a foreign currency issuer may replace or alter its currency. It explains the discretion of an adjustment panel to adjust terms of options on foreign currencies. The document also details how premiums for dollar-denominated options on various foreign currencies are expressed and calculated, including examples for Swiss francs, French francs, and Japanese yen. Additionally, it touches on the settlement and exercise of options, noting differences in procedures for physical delivery options.
doj/DataSet10/EFTA01393120.pdf
{"document_type":"other","key_organizations":["European Economic Community"],"reference_numbers":["SDNY_GM_00244708","EFTA01393120"]}