We provide our Clearing Members with straightforward exercise and assignment features.
Exercise
The holder of a long option position may exercise his or her right to demand
American-style products can be exercised on each trading day. European-style products can only be exercised on the last trading day.
Automatic exercise facility
Open long standard as well as flexible option positions may be automatically exercised on expiration day. Open positions are automatically exercised when the defined minimum in-the-money-amount is met. A default minimum in-the-money amount is defined for all Eurex option products.
Member may individually maintain the in-the-money amount or exclude individual positions from automatic exercise by using the abandon functionality of the Exercise Overview window.
Assignment
The holder of a short option position may be assigned to fulfil their obligation
Eurex Clearing uses a random procedure to assign exercise notices to the accounts maintained by each Clearing Member of the members. Assignment are legally binding.
