Exchange Traded Options Business definition

Exchange Traded Options Business business related to options contracts made pursuant to Options Trading Rule 513 incorporating the terms and conditions applicable to such options contracts as specified by the Stock Exchange from time to time as set out in the Options Trading Rules, and all matters incidental to Options Contracts. "FATCA" i. the Foreign Account Tax Compliance Act provisions of the U.S. Internal Revenue Service under Sections 1471 to 1474 of the Internal Revenue Code or any associated treasury regulations, as amended or supplemented from time to time, or other official guidance; ii. any treaty, law, regulation or other official guidance enacted in any other jurisdiction, or relating to an intergovernmental agreement between the U.S. and any other jurisdiction, which (in either case) facilitates the implementation of paragraph (i) above; or iii. any agreement pursuant to the implementation of paragraphs (i) or (ii) above with the U.S. Internal Revenue Service, the US government or any governmental or taxation authority in any other jurisdiction. "FATCA Withholding a deduction or withholding from a payment under the Account as required by FATCA. "FATCA Withholdable Payments include payments of interest (including original issue discount), dividends, and other items of fixed or determinable annual or periodical gains, profits, and income, in each case, from sources within the U.S., as well as gross proceeds from the sale of any property of a type which can produce interest or dividends from sources within the U.S. FATCA will also require withholding on the gross proceeds of such sales for payments made after December 31, 2016. Certain U.S. sourced financial payments in connection with lending transactions, investment advisory fees, custodial fees, bank or brokerage fees are also included.

Exchange Traded Options Business means business related to Options Contracts and all matters incidental to Options Contracts, including Contracts arising from Options Contracts pursuant to these Options Trading Rules and the Clearing Rules, exercise of Contracts, delivery obligations, Premium settlement and delivery of SEOCH Collateral. “在交易所交易的期權業務”是指有關期權合約的業務，以及附帶於期權合約的一切事宜，包括根據此等期權交易規則及結算規則所訂立的期權合約而產生的合約、行使合約、交付責任、期權金交收，以及就按金交付聯交所期權結算所抵押品。

Exchange Traded Options Business means business related to Options Contracts and all matters incidental to Options Contracts, including Contracts arising from Options Contracts pursuant to these Options Trading Rules and the Clearing Rules, exercise of Contracts, delivery obligations, Premium settlement and delivery of Collateral;

Examples of Exchange Traded Options Business in a sentence

• Stock Options Trading Account – Terms and Conditions under which Kingsway may, from time to time, provide dealing in Options Contracts and effecting transactions of any Exchange Traded Options Business (as defined under the Options Trading Rules) and related services to the Client via the Client’s stock options trading account; (any of the above agreement(s) which is/are applicable to the Client is/are referred as (the “Agreement” ).

• If ICBCIS accepts securities by way of Collateral, the Client will on request provide ICBCIS with such authority as ICBCIS may require under the Rules to authorize ICBCIS to deliver such Securities, directly or through an Options Exchange Participant, to SEOCH as SEOCH Collateral in respect of Exchange Traded Options Business resulting from the Instructions to ICBCIS.

• Each such ledger account must contain information which is sufficient, at any given time, to enable all collateral and money received from each client to be separately identified and allocated to each aspect of Exchange Traded Options Business conducted on behalf of that client.

• Where a licensed or registered person which is an Options Exchange Participant accepts as a client a person whom the licensed or registered person knows to be engaging in Exchange Traded Options Business on behalf of other persons, the licensed or registered person should open one or more Omnibus Account(s) in the name of the client and should ensure that the client, to the fullest extent possible, calculates and collects appropriate amounts of margin and Premium from such other persons.

• Client’s Money in relation to Exchange Traded Options Business 10.

• Bidder will have to submit attested copies of related registration certificates along with a recent passport size photograph of the authorized representative of the Bidder/Vendor, duly attested.

• The SEOCH Board may vary the amount of Initial Contribution generally or in respect of any particular SEOCH Participant having regard to, amongst other things, any restrictions applying to that Participant’s Exchange Traded Options Business or conditions applying to its Participantship.

• SEOCH may also restrict the SEOCH Participant to a certain type and/or quantity of Exchange Traded Options Business if SEOCH, in its absolute discretion, forms the view that the SEOCH Participant’s operational capabilities make it necessary.

• Pursuant to Options Trading Rules 401A(1) & (5), no Options Trading Exchange Participant shall accept instruction from an Options Broker Exchange Participant ("OBEP") in relation to the transaction of any Exchange Traded Options Business for the account of the clients of that OBEP unless and until the Options Trading Exchange Participant is a Direct Clearing Participant or GCP of SEOCH and it has opened separate accounts in DCASS with SEOCH in respect of the transactions cleared by it for the OBEP.

• The creation or maintenance of separate accounts by SEOCH for SEOCH Participants is only for the purpose of assisting SEOCH Participants in keeping separate records of their clients’ trading in Exchange Traded Options Business.

More Definitions of Exchange Traded Options Business

Exchange Traded Options Business has the same meaning as defined in the Options Trading Rules;