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.
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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;
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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;
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Examples of Exercise Settlement Amount in a sentence

  • On Exercise of an Options Contract, the Exercise Settlement Amount will be indicated on the Statements made available to Member Firms in the clearing System.

  • PSE represented 25 employees who are not absent from work for any time and for any reason other than 26 earned vacation time, immediate family bereavement, district directed professional 27 development activities and required jury duty shall receive a monetary award twice per 28 year.

  • Exercise of the Commodity Option creates an obligation for the Option Writer to pay the Exercise Settlement Amount.

  • The object of a Commodity Option is an agreement between the Bank and the Client under which the Option Writer is obliged to pay the Exercise Settlement Amount on exercise of the Commodity Option.

  • The Contracting Parties acknowledge that Commodity Option transactions are transactions WITHOUT PHYSICAL DELIVERY, i.e. NEITHER OF THE CONTRACTING PARTIES IS OBLIGED OR ENTITLED TO SUPPLY A COMMODITY and all rights and obligations of the Contracting Parties relate only to the prices of the Commodity and the Option, in particular to payment of the Exercise Settlement Amount and the Premium.

  • As defined in Article XVII Section 1 of the OCC By-Laws, the Exercise Settlement Amount is the difference between the aggregate exercise price and the aggregate index value on the day of exercise.

  • Exercise Settlement Amount (2) The term "exercise settlement amount," in the case of any exercised FX Index Option other than a capped FX Index Option that is automatically exercised, means the difference between the aggregate exercise price and the aggregate current index value on the day of the exercise, and, in the case of a capped FX Index Option that is automatically exercised, means the cap interval for such option times the index multiplier.

  • However, many women expressed little interest, indicating that participation on a cooperative board of directors does not mean receiving special consideration, despite their disadvantage in numbers and increased obstacles.

  • If the Option Contract is a Call Option, the Exercise Settlement Amount shall be determined by multiplying the amount by which the Strike Price for the Options Contract in question is below the Expiration Settlement Price for such Options Contract by the Multiplier and the number of Option Contracts.

  • If the Option Contract is a Put Option, the Exercise Settlement Amount shall be determined by multiplying the amount by which the Strike Price for the Options Contract in question exceeds the Expiration Settlement Price for such Options Contract by the Multiplier and the number of Option Contracts.


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.
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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.
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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 = Transaction Volume for the Calculation Period × Price Differential
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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
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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.
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Related to Exercise Settlement Amount

  • Cash Settlement Amount means the “Cash Settlement Amount” as determined by the Calculation Agent in accordance with Paragraph 6.

  • Maximum Settlement Amount means $500,000,000 as amended or modified in accordance with Appendix E.

  • Net Share Settlement Amount For any Settlement Date, an amount equal to the product of (i) the number of Warrants exercised or deemed exercised on the relevant Exercise Date, (ii) the Strike Price Differential for the relevant Valuation Date and (iii) the Warrant Entitlement.

  • Gross Settlement Amount means Two Hundred Forty Thousand Dollars and Zero Cents ($240,000.00) which is the total amount Defendant agrees to pay under the Settlement. The Gross Settlement Amount will be used to pay Individual Settlement Payments, Individual PAGA Payments, the LWDA PAGA Payment, Class Counsel Fees Payment, Class Counsel Litigation Expenses Payment, Class Representative Service Payment, and the Administration Expenses.

  • Cash Settlement Date means, for each Financially Settled Futures Transaction, the Business Day determined by Exchange from time to time in accordance with industry practice for such Transaction, as posted on Exchange’s Website not less than one month prior to the occurrence of such date, other than Invoices issued as a result of a Contracting Party’s Default or under the Close- out Procedure which amounts require payment immediately;

  • Daily Settlement Amount for each of the 40 consecutive Trading Days during the Observation Period, shall consist of:

  • Early Settlement Amount has the meaning specified in Section 5.9(a).

  • Cash Settlement shall have the meaning specified in Section 14.02(a).

  • Cash Settlement Averaging Period means (a) with respect to any Conversion Date occurring on or after the 24th Scheduled Trading Day immediately preceding the Maturity Date, the twenty (20) consecutive Trading Day period ending on, and including, the third Scheduled Trading Day immediately preceding the Maturity Date and (b) in all other cases, the twenty (20) consecutive Trading Day period beginning on, and including, the third Trading Day immediately following the relevant Conversion Date.

  • Physical Settlement Amount For any Settlement Date for which Physical Settlement is applicable, an amount in cash equal to the product of (a) the Forward Price in effect on the relevant Settlement Date multiplied by (b) the Settlement Shares for such Settlement Date.

  • Net Settlement Amount means the Gross Settlement Amount, less the following payments in the amounts approved by the Court: Individual PAGA Payments, the LWDA PAGA Payment, Class Representative Service Payment, Class Counsel Fees Payment, Class Counsel Litigation Expenses Payment, and the Administration Expenses Payment. The remainder is to be paid to Participating Class Members as Individual Class Payments.

  • Call Settlement Date means the fifth Business Day following the last Index Business Day in the Call Measurement Period.

  • Cash Settlement Payment Date means in relation to a Series of Notes, the date specified as such or otherwise determined as provided in the relevant Final Terms.

  • Exercise Amount has the meaning set forth in Section 2(a).

  • Settlement Amount means, with respect to a party and any Early Termination Date, the sum of: --

  • Share Settlement means a number of shares of Class A Common Stock (together with any Corresponding Rights) equal to the number of Redeemed Units.

  • Disruption Cash Settlement Price means in respect of each Security, an amount in the Settlement Currency equal to the fair market value of the Share Amount (taking into account, where the Settlement Disruption Event affected some but not all of the Shares comprising the Share Amount and such non-affected Shares have been duly delivered as provided above, the value of such Shares), less the cost to the Issuer of unwinding any underlying related hedging arrangements, all as determined by the Issuer.

  • Optional Redemption Settlement Date means the second Valuation Date after the Optional Redemption Pricing Date, provided that such Valuation Date is not a Disrupted Day and that such Valuation Date is both a Currency Business Day and a Clearing System Business Day.

  • Net Share Settlement Amount: For any Settlement Date, an amount equal to the product of (i) the number of Warrants exercised or deemed exercised on the relevant Exercise Date, (ii) the Strike Price Differential for the relevant Valuation Date and (iii) the Warrant Entitlement.

  • Subscription Settlement Date means the second Valuation Date after the Subscription Trade Date, provided that such Valuation Date is not a Disrupted Day and that such Valuation Date is both a Currency Business Day and a Clearing System Business Day.

  • ASX Settlement means ASX Settlement Pty Ltd (ABN 49 008 504 532);

  • Daily Settlement Price means the settlement price for a Swap calculated each Business Day by or on behalf of BSEF. The Daily Settlement Price can be expressed in currency, spread, yield or any other appropriate measure commonly used in swap markets.

  • Final Settlement Date has the meaning set forth in Section 2.4(c).

  • Final Redemption Settlement Date means the day that falls three Currency Business Days after the Final Redemption Date.

  • Individual Settlement Payment means the amount payable from the Net

  • Settlement Price Date means the Valuation Date. "Valuation Date" means the Redemption Valuation Date.