**2011 Options Expire TODAY**
Fri 19 Nov 2010
FRIDAY 19TH NOVEMBER 2010
TRADING CEASES AT 12:00PM
The last trading day and time (the Declaration Day) for 2011 Options - both Peak 1st Quarter 2011 and Base Load Calendar 2011 options, is 12:00pm on Friday the 19th of November 2010.
ALL OPTIONS MUST BE MANUALLY EXERCISED OR WILL EXPIRE WORTHLESS.
OPTIONS NOT MANUALLY EXERCISED VIA AN OFFICIAL EXERCISE REQUEST WILL EXPIRE WORTHLESS (even if they are in-the-money). Market Participants must notify their ASX 24 Clearing Participant (Clearing Broker) of any Option Exercise Request. Options Exercise Requests must be lodged BY YOUR ASX 24 CLEARING PARTICIPANT WITH THE EXCHANGE NO LATER THAN 1:30PM on the last trading day. Please allow time for your ASX 24 Clearing Participant to make this request.
If you are a holder of a short options position (which could be subject to exercise) your ASX 24 Clearing Participant will be notified of any assignment of futures positions by no later than 3:00pm on the expiration day. Your ASX 24 Clearing Participant will notify you of any assignment as soon as possible upon receiving notification of an assignment.
On any day PRIOR to the Last Trading Day the process for exercise and assignment notification differs between the Peak Q1 options and the Calendar options.
- Market Participants wishing to exercise Peak Q1 options may do so at any time during the trading day by notifying their ASX 24 CLEARING PARTICIPANT who will lodge an Exercise Request with the exchange. The assignment notification (to your ASX 24 Clearing Participant) will occur no later than 45 minutes prior to the commencement of trading on the next Business Day.
- Market Participants wishing to exercise Calendar options prior to the last trading day may do so by notifying their ASX 24 CLEARING PARTICIPANT who will lodge an Exercise Request with the Exchange PRIOR TO 1:30PM on any given day. (i.e. It is not possible to lodge a Calendar options exercise request after 1:30pm on any day.) ASX 24 Clearing Participants will be notified of any assignments by no later than 3:00pm the same day.
Options contract specifications can be found on the d-cyphaTrade website - Electricity Futures and Options and on the ASX Website or specifically the ASX 24 Operating Rules Schedule 1 - Individual Contract Specifications and ASX 24 Operating Rules Procedures Appendices.