Deemed exercise of options. Where by virtue of Market Rules an option is exercised automatically under a back-to-back Transaction which has been entered into by us on your instructions, the corresponding Transaction to which you and we are both party will be deemed to have been automatically exercised at the same time.
Appears in 12 contracts
Samples: Professional Client Agreement, Professional Client Agreement, Eligible Counterparty Agreement
Deemed exercise of options. Where by virtue of the Rules of a Market Rules an option is exercised automatically under a back-to-back backtoback Transaction which has been entered into by us on your instructions, the corresponding Transaction to which you and we are both party will be deemed to have been automatically exercised at the same time.
Appears in 6 contracts
Samples: Eligible Counterparty Agreement, Eligible Counterparty Agreement, Professional Client Agreement
Deemed exercise of options. Where by virtue of the Rules of any relevant Market Rules an option is exercised automatically under a back-to-back Transaction which has been entered into by us on your instructions, the corresponding Transaction to which you and we are both party will be deemed to have been automatically exercised at the same time.
Appears in 3 contracts
Samples: Terms of Business, Terms of Business, Terms of Business
