IMPORTANT - FY 14/15 Options Expiry Information
Fri 2 May 2014
FY 14/15 OPTIONS EXPIRE - MONDAY 19th MAY 2014
TRADING CEASES AT 12:00PM
The Last Trading Day and time (the Declaration Day) for Base Load Financial Year 2014/15 Options (HN, HV, HQ and HS) is 12:00pm on Monday the 19th of May 2014.
ALL IN-THE-MONEY OPTIONS WILL BE AUTOMATICALLY EXERCISED.
Unless otherwise directed by a Deny Automatic Exercise Request, all in-the-money options will be automatically exercised. Any Options Exercise Request for Out-of-Money Options still requires Market Participants to notify their ASX 24 Clearing Participant (Clearing Broker). Options Exercise Requests and Deny Automatic Exercise Requests must be lodged BY YOUR ASX 24 CLEARING PARTICIPANT WITH THE EXCHANGE NO LATER THAN 12:30PM 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 2:00pm 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 Financial 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 12:30pm on any given day up until the Declaration Day. ASX 24 Clearing Participants will be notified of any assignments by no later than 2:00pm the same day.
Options contract specifications can be found on the ASX Energy website - Electricity Futures and Options and on the ASX website, specifically ASX 24 Operating Rules Schedule 1 - Individual Contract Specifications and ASX 24 Operating Rules Procedures Appendices.