EFTA Document EFTA01393121

Exercises are settled through the facilities of OCC. For this purpose, OCC has established banking ar- rangements permitting it to receive and deliver each underlying foreign currency in the country of origin in satisfaction of option exercises. (Exercises and as- signments of ECU options settle within a country or countries designated by OCC.) Clearing Members or- dinarily deliver or receive foreign currency on the fourth business day after exercise that is also a bank- ing day for OCC's c