EFTA Document EFTA01353410

and one representative of OCC, who votes only to break a tie. Every determination by an adjustment panel is within its sole discretion and is binding on all investors. PREMIUM-The premium is the price that the holder of an option pays and the writer of an option receives for the rights conveyed by the option. It is the price set by the holder and writer, or their brokers, in a transac- tion in an options market where the option is traded. tt is not a standardized term of the option. The