Derivatives: Change in Rule 4.35 – Standard Exercise of IOB DR Options (1/08)


On 1 February 2008 there will be a change in Contract Specification 4.35 relating to Standard Exercise of IOB DR Options. Any Call Option Series which has an Exercise price lower than the base price for the Underlying Depository Receipt (“In-the-money”) on the Expiration Date will be subject to Standard Exercise. Any Put Option Series which has an Exercise price greater than the base price for the Underlying Depository Receipt (“In-the-money”) on the Expiration Date will be subject to Standard Exercise. 

Attachments

wkr0003.pdf