The document discusses the trading and settlement of index options, including how exercise prices and premiums are expressed and calculated. It explains the role of multipliers in determining the total exercise price and aggregate premium. The document also describes how exercise settlement values are determined based on the reported levels of index securities, with variations depending on whether the prices are taken from the opening or closing of the trading day. It mentions the possibility of options with exercise prices or premiums in foreign currencies being introduced in the future.
documents/vol00010-efta01353424-pdf.pdf
{"document_type":"other","reference_numbers":["EFTA01353424"]}