Examples of Series of Options in a sentence
The Expiry Response Screen shall reflect the closing price (as herein defined) of the Underlying Interest for each Series of Options listed therein and shall include such further information as the Corporation may deem appropriate.
For any changes, indicate on the Expiry Response Screen under the “Override” column the total number of Options for each Series of Options to be exercised.
Section B-305 Random Assignment of Exercise Notices (1) Exercise Notices accepted by the Corporation shall be assigned, in accordance with the Corporation's procedures of random selection, to accounts with open Short Positions in the Series of Options involved.
Automatic Exercise - Options and Options on Futures To safeguard Clearing Members from possible errors, CDCC has instituted an Automatic Exercise procedure for expiring Series of Options.
An attempt will be made by CDCC to assign an Exercise Notice for more than 10 Options contracts in blocks not exceeding 10 contracts in each Series of Options.
If a Client Account with the Corporation has Spread Positions for a Series of Options in respect of which the Corporation has been notified and the total Long Position in such Series of Options is reduced by the filing of an Exercise Notice or the execution of a closing transaction in such account, such reduction shall also be applied by the Corporation against the Spread Position in such account.
In any case of default of any Clearing Participant, the Corporation as a substituted counterpart does not have any obligation other than to make or receive any payment, credit or delivery to or from any Clearing Participant for any amount of funds, Series of Options, Series of Futures, Delivery Certificates or Underlying Interest.
The Clearing Member staff who deliver the Exercise Notice must be available until CDCC processes the exercise.The CDCC Clearing Application will ensure that there are sufficient Option Open Positions of the relevant Series of Options in the relevant account of the Clearing Member for exercising the relevant Exercise Notice; if not, CDCC will reject the Exercise Notice.
Series of Options means all options of the same class, the same type, covering the same quantity of an underlying interest and having the same exercise price and expiration date.
The exact meaning of ‘development’ is unclear as there is no general agreement about what it is or what should go in.