exercise notice

Exercise notice

A broker's notification from a client who wants to exercise a right to buy or sell (depending on the type of contract) the underlying security of the option contract.

Exercise Notice

The written notice of the holder of an option contract of his/her intent to exercise the option. Exercise notice may occur on or before the expiration date, depending on the type of option contract. The exercise notice is sent to the Options Clearing Corporation, which is responsible for settling the transaction by finding an investor with an opposite position on the same contract.

exercise notice

A notice sent by an option holder to the Options Clearing Corporation, calling for fulfillment of the option's terms. The OCC will then assign fulfillment to someone short the same option.
References in periodicals archive ?
These new shares give rights to dividend and other rights from the time of the warrant holder's exercise notice. Each new share carries one vote at Zealand's general meetings.
Release date- 30072019 - Ncondezi Energy Limited ('Ncondezi' or the 'Company') (AIM: NCCL) announces the receipt of an exercise notice in relation to 1,500,000 warrants issued on 20 October 2017.
- On the scheduled dissolution date the issuer will have the right under the purchase undertaking to require Turkiye Finans, following the service of a purchase undertaking exercise notice by or on behalf of the issuer, to pay to the issuer the dissolution event exercise price.
In addition to being good for your health, research shows that people who exercise notice improvements in their mood and self confidence.
An assignment is the receipt of an exercise notice against a seller that provides an obligation to sell the underlying security at the specified strike price.
Whilst the options are heavily out of the money the company is required to convert them to ordinary shares according to the option exercise notice received.
The new shares give rights to dividend and other rights from the time of the warrant holder's exercise notice. Also, each new share carries one vote at Zealand's general meetings.
A recent amendment to Federal Reserve regulations allows a broker to temporarily finance the exercise of a stock option using a signed exercise notice as collateral.
Also, these new shares give rights to dividend and other rights from the time of the warrant holder's exercise notice. Each new share carries one vote at Zealand's general meetings.