This document outlines the adjustments that may be made to credit default options when certain events occur, such as succession or redemption events. It explains the discretion of the listing options market in making these adjustments and the rules governing them. The document also details the process for redemption event adjustments and provides an example involving Company XYZ.
documents/vol00010-efta01353519-pdf.pdf
{"title":"Adjustment of Credit Default Options","document_type":"other","key_organizations":["listing options market","Company XYZ"],"reference_numbers":["SDNY_GM_00184115","EFTA01353519"]}