Options Contracts Sample Clauses
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Options Contracts. 期權
3.1 Variable degree of risk Transactions in Options Contracts carry a high degree of risk. Purchasers and sellers of Options Contracts should familiarise themselves with the type of Options Contracts (i.e. put or call) which they contemplate trading and the associated risks. The Client should calculate the extent to which the value of the Options Contracts must increase for the Client's position to become profitable, taking into account the premium and all transaction costs. 買賣期權須承擔高度風險。期權買家及沽家應熟悉其預期買賣之期權種類（即：認沽或認購）及附帶風險。客戶須計算客戶之期權價值需要增加的程度，包括期權金及所有交易成本，以圖持倉有利可圖。 The purchaser of Options Contracts may offset or exercise the Options Contracts or allow the Options Contracts to expire. The exercise of an Options Contract results either in a cash settlement or in the purchaser acquiring or delivering the underlying interest. If the Options Contracts is on a Futures Contract, the purchaser will acquire a futures position with associated liabilities for margin (see the section on Futures Contracts above). If the purchased Options Contracts expire worthless, the Client will suffer a total loss of the Client's investment which will consist of the option premium plus transaction costs. If the Client is contemplating purchasing deep-out-of-the-money Options Contracts, the Client should be aware that the chance of such Options Contracts becoming profitable ordinarily is remote. 期權買家可以沖銷或行使期權或任由期權到期屆滿。行使期權時，可以通過現金結算、買家購買或交付有關權益等形式進行。如果期權屬期貨合約，買家將購買一個連同相關保證金責任（請參閱以上期貨一節）的期權持倉。倘若所購買之期權到期並失去價值，客戶將喪失客戶之全部投資（包括期權金及交易費）。倘若客戶考慮購買極價外的期權，則客戶應明白此等期權獲利之機會極微。 Selling ("writing" or "granting") an Options Contract generally entails considerably greater risk than purchasing Options Contracts. Although the premium received by the seller is fixed, the seller may sustain a loss well in excess of that amount. The seller will be liable for additional margin to maintain the position if the market moves unfavourably. The seller will also be exposed to the risk of the purchaser exercising the Options Contract and the seller will be obligated to either settle the Options Contract in cash or to acquire or deliver the underlying interest. If the Options Contract is on a Futures Contract, the seller will acquire a position in a Futures Contract with associated liabilities for margin (see the section on Futures Contracts above). If the Options Contract is "covered" by the seller holding a corresponding position in the underlying interest or a Futures Contract or another Options Contract, the ...
Options Contracts. Trading in these contracts involves high risks, and traders in those contracts must be aware of the type of option to avoid the loss of the investment value in the event that the value of the contracts is not increased and the share premium and associated costs are not taken into account. - The trader in these contracts must be aware that when exercising the option right, this may lead to either a financial settlement or the receipt of the main benefit from it. In the latter case, the trader must be aware that if the option is not fully covered, the risk of loss may be expected, as the client may sometimes have to bear the risk of losing the share premium and transaction costs.
Options Contracts. If at any time you shall enter into any transaction for the purchase or resale of an option contract, you hereby agree to abide by the rules of any national securities association, registered securities exchange, or clearing organization applicable to the trading of option contracts and, acting alone or in concert, will not violate the position or exercise limitation rules of any such association or exchange or of the Options Clearing Corporation or other clearing organization.
Options Contracts. USD Per Contract USD Per Contract % on value EUR except ASE Per Contract EUR except ASE Per Contract % on value EUR ASE Per Contract EUR ASE Per Contract % on value The Customer shall be charged also with any other stock exchange fees and expenses, taxes bank charges in relation to the Portfolio as well as with nominee/trustee fees and expenses.
Options Contracts. 12.1. A Client who is a Wholesale Client may buy an Options Contract by placing an Order with Compass.
12.2. The Client must pay Compass the Premium, where such has been included as part of the Options Contract, during business hours on the Premium Payment Date. The Premium is not refundable. If the Client does not pay the Premium in accordance with the Trade Contract Terms of an Order and this Agreement Compass may terminate the Options Contract and recover all resulting costs and expenses from the Client.
12.3. If the Client has purchased an Options Contract, the Client may elect to exercise the Options Contract on the Expiry Date by giving an Exercise Notice to Compass.
12.4. The Client may make a request to Compass that it intends to Close Out or surrender the Options Contract. Compass may agree to accept this request if the Client agrees to pay any required Premium and that any Notice of closure or surrender has been received by Compass before the Cut-Off Time on the Expiry Date. Compass will calculate the Premium due to Compass for Closing Out or surrendering the Options Contract and this will be paid by the Client to Compass.
12.5. If an Option has been exercised, each party must pay the currency and amount due to the other party on the Settlement Date as specified in the relevant Trade Contract Terms.
12.6. If an Options Contract has not been exercised or Closed Out in accordance with this Agreement, the Options Contract will lapse at the Expiry Date.
Options Contracts. 4.1. The Client hereby confirms that the Stock Options Account is operated solely for the Client’s account and benefit, and not for the benefit of any other person. In respect of all Options Contracts effected on the instructions, the Client shall pay the Company, within the time period notified by the Company, Premium, the Company’s commission and any other charges, and applicable levies imposed by SEHK, as have been notified to the Client. If no time period is specified by the Company, then the Client is required to comply with such demand before expiry of two hours from the time of making the demand (or more quickly if the Company requires the Client to do so). The Company may require the Client to make arrangements for payment of Premium, the Company’s commission and any other charges, and/or applicable levies imposed by SEHK in advance of accepting instructions or may impose other requirements from time to time for the payment of the above items as the Company in its absolute discretion thinks fit. The Company may deduct such Premium, commissions, charges and levies from the Stock Options Account or any Account.
4.2. The Company will provide product specifications for Options Contracts to the Client upon request. However, the Company may from time to time place limits on the open positions or delivery obligations that the Client may have without notice to the Client.
4.3. The Client acknowledges that:
(a) the Company may be required to close out or give-up Client’s Options Contracts to comply with position limits imposed by SEHK;
(b) if the Company goes into default, the default procedures of SEHK may result in Client Contracts being closed out or given-up, or replaced by Client’s Option Contracts between the Client and other Options Exchange Participant(s); and
(c) where there is a change in the capital structure or composition of the issuer of the underlying securities of an option class or in any other exceptional circumstances, SEOCH may make adjustments to the terms and conditions of that option class as are, in its opinion, necessary and desirable to ensure that all parties to Contracts comprised in open positions in that option class are treated fairly. The Client hereby acknowledges and agrees that all such adjustments shall be binding on the Client.
4.4. On exercise of a Client Contract by or against the Client, the Client shall perform the Client’s delivery obligations under the relevant contract, in accordance with the Standard Contract and...
Options Contracts. 11.1 A Client may buy or sell an Options Contract by placing an Order with Navigate.
11.2 The Client must pay Navigate the Premium, where such has been included as part of the Options Contract, during business hours on the Premium Payment Date. The Premium is not refundable. If the Client does not pay the Premium in accordance with the Trade Contract Terms of a Deal and this
11.3 If the Client has purchased an Options Contract, the Client may elect to exercise the Options Contract on the Expiration Date by giving an Exercise Notice to Navigate.
11.4 The Client may make a request to Navigate that it intends to Close Out or surrender the Options Contract. Navigate may agree to accept this request if the Client agrees to pay any required Premium or other closeoutcosts and that any Notice of closure or surrender has been received by Navigate before the Cut-Off Time on the Expiration Date. Navigate will calculate the Premium or other amounts due to Navigate for Closing Out orsurrendering the Options Contract and this will be paid by the Client to Navigate.
11.5 If an Option has been exercised, each party must pay the currency and amount due to the other party on theDeal Date as specified in the relevant Trade Contract Terms.
11.6 If an Options Contract has not been exercised or Closed Out in accordance with this Agreement, the Options Contract will lapse at the Expiration Date or on the occurrence of an Event of Default.
11.7 Wherean Options Contract is classified asa Non-Deliverable Option, itwill be cash-settled against the fixing rateas prescribed in the confirmation and determined by Navigate, on the Expiration Date. This will occur insteadof delivery of the underlying foreign currency. Settlement will be by a net cash payment. The Client must adviseNavigate if they have this requirement at any time.
11.8 Where an Options Contract includes other terms, rates or conditions not defined in this Agreement, they will be set out in the Confirmation and/or Trade Contract Terms. You should immediately tell Navigate if you do not understand how they operate, or if you would otherwise like clarification. In the absence of such notice tothe contrary by you to Navigate, we will take it that you understand all, or any other terms, rates or conditionsnot defined in this Agreement.
11.9 Where an Options Contract is entered into which includes a barrier level, Navigate will be the sole barrier determination agent to determine, in good faith, if the Foreign Exchange rate re...