Options Transactions. In accordance with Proper Instructions, the Bank shall (i) receive and retain confirmations or other documents evidencing the purchase or writing of an option on a Security or on a securities index by the Company, (ii) deposit or maintain Securities and/or cash in a segregated account in accordance with Section 4(h) hereof and (iii) release Securities and/or cash in accordance with a notice or other communication evidencing expiration, termination or exercise of such option.
Options Transactions. The Client understands that the purchase and granting of Options involves a high degree of risks. The Client further understands that it is solely responsible to make itself understand and appreciate the nature and extent of its rights and obligations and of the risks involved in such Options Transactions which it may instruct or request UOBKH to enter and that the Client is solely responsible for the risks attending such Transactions.
Options Transactions. In the event you purchase or write (i.e. sell) listed options, you hereby agree and acknowledge the following: (a) all options transactions shall be subject to the constitution, rules, regulations, customs and usages of the Options Clearing Corporation and any exchange or other marketplace where executed; (b) you will not, acting either alone or in concert with others, violate the position or exercise limits of the exchanges, which limits may change from time to time; (c) you have read and understood the Options Risk Disclosure Document and Special Statement for Uncovered Writing and have determined that options trading is not unsuitable for you; and (d) you have read and understood the section of the Options Risk Disclosure Document entitled “Exercise and Assignment” and you understand that (i) with respect to any option over which the Options Clearing Corporation has control if you fail to give instructions to the contrary prior to the expiration date, of any such option, the Options Clearing Corporation will automatically exercise any such option which is in the money by a certain amount, which amount is determined by the Options Clearing Corporation in its discretion; (ii) XX Xxxxxx shall have no responsibility to advise you when an option in your account is nearing expiration and shall bear no responsibility for any loss incurred by you arising out of the fact that an option in your account was not exercised unless you have instructed XX Xxxxxx to exercise such option by the time established by XX Xxxxxx; (iii) you may not receive actual notice of an exercise assignment until the week following the expiration date; (iv) exercise assignment notices for option contracts are allocated among customer short positions pursuant to a procedure that randomly selects from among all customer short positions, including positions established on the day of assignment, those contracts that are liable for assignment at any time; and (v) all American-style short options are liable for assignment at any time, and by contrast, European-style short options are subject to assignment only on the expiration date. A more detailed description of such random allocation procedure is available upon request. You understand that XX Xxxxxx is required by Applicable Laws, including but not limited to FINRA Rule 2360, to obtain from you certain information regarding your investment objectives and financial situation in order to determine that options transactions are not unsuitable f...
Options Transactions. I acknowledge that options are not suitable for all investors. Options trading has inherent risks and I am prepared financially to undertake such risks and to withstand the losses that may be incurred. I agree to evaluate my own financial situation, resources, investment objectives, and other relevant circumstances to determine whether options trading is suitable for me. You will not make this determination. Even if I determine that options trading is appropriate for me, you determine whether to approve my account for options trading. This approval is a credit risk determination on your part and is not a recommendation by Mint Global that I trade options, nor is it a suitability determination. I acknowledge I have received or have been given access to the “Characteristics and Risks of Standardized Options” by the Options Clearing Corporation (OCC).
Options Transactions
