The document outlines the procedures and authority of an adjustment panel to modify terms of index option contracts in response to significant changes in the underlying index or reference index. It details the conditions under which the panel may adjust the index multiplier, exercise prices, or substitute a successor index. The panel's decisions are binding and not subject to review. Additionally, it updates the risks associated with various types of index options as described in a booklet.
documents/vol00010-efta01353526-pdf.pdf
{"document_type":"legal","document_subtype":"contract adjustment terms","reference_numbers":["SDNY_GM_00184125","EFTA01353526"]}