2014 Options Expiry Information - Tuesday 19 November 2013
Tue 12 Nov 2013
TRADING CEASES AT 12:00PM
The Last Trading Day and time (the Declaration Day) for Base Load Calendar 2014 Options is 12:00pm on Tuesday the 19th of November 2013.
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.
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 up until the Declaration 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 ASX Energy website - and on the ASX 24 website, specifically ASX 24 Operating Rules Schedule 1 - Individual Contract Specifications and ASX 24 Operating Rules Procedures Appendices.