Exercise Settlement Amount definition
Exercise Settlement Amount means: (i) in the case of a Call Option on a market index, the amount by which the ‘aggregate exercise price’ of the Call Option contract is less than the ‘aggregate current index value’ of the underlying index (as those quoted terms are defined in Article XVII of the By-Laws of the OCC), plus all applicable commissions and other charges, or (ii) in the case of a Put Option on a market index, the amount by which the ‘aggregate exercise price’ of the Put Option contract is greater than the ‘aggregate current index value’ of the underlying index (as those quoted terms are defined in Article XVII of the By-Laws of the OCC), plus all applicable commissions and other charges.
Exercise Settlement Amount means for Equity Derivative Options the monetary amount due to or payable by a Member Firm on Exercise of an Options Contract as specified in the relevant Statement. For cash-settled options, this will be calculated for each Contract held according to the difference between the Strike Price and the Exercise Settlement Price times the multiplier. For physically-settled options, this will be calculated for each Contract held as the Strike Price times the multiplier;
Exercise Settlement Amount means the monetary amount due to or payable by a Member Firm on Exercise of an Options Contract as specified in the relevant Statement;
More Definitions of Exercise Settlement Amount
Exercise Settlement Amount. – means the amount which must be paid by the Corporation to the Clearing Member exercising a put Option or who has been assigned a call Option, against delivery of the Underlying Interest.
Exercise Settlement Amount means the amount payable by the Option Writer to the Option Purchaser on satisfaction of the agreed suspensive conditions and which shall be determined by the Bank according to the following formula:
Exercise Settlement Amount means the difference between the aggregate exercise price and the aggregate current index value (as such terms are defined from time to time by the OCC), or the product of the exercise price (expressed as a percentage) specified in such Option and the face amount of the underlying securities covered by such Option, as applicable, plus applicable commissions or other charges.
Exercise Settlement Amount means for Equity Derivative Options the monetary amount due to or payable by a Member Firm on Exercise of an Options Contract as specified in the relevant Statement. For cash-settled options, this will be calculated for each Contract held according to the difference
Exercise Settlement Amount means (i) in the case of a Call on a market index option or cash-settled option on a portfolio of securities, the amount by which the 'aggregate current index price' of the index Option contract or the Portfolio Value of the portfolio of securities, as the case may be, is less than the 'aggregate current index value' of the underlying index or the market value of the portfolio of securities, as the case may be, plus all applicable commissions and other charges, or (ii) in the case of a Put, the amount by which the 'aggregate exercise price' of the index Option contract or the Portfolio Value of the portfolio of securities, as the case may be, is greater than the 'aggregate current index value' of the underlying index or the market value of the portfolio of securities, as the case may be, plus all applicable commissions and other charges.