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Amendment For Exercise Time For Options | HSBC

05.07.2017

For open FX Currency Option, Alternative Currency (DCD), Gold Option and Alternative Gold (Gold DCD) positions as of October 31, 2016:

Exercise time only for options of FX Currency Option and/or Alternative Currency (DCD) positions that are open as of October 31, 2016 will be applied as 14:00 Turkey time for transactions with Turkish Lira and as 17:00 Turkey time for transactions with foreign currency, as it is. Likewise, exercise time only for options of Gold Option and/or Alternative Gold (Gold DCD) positions that are open as of October 31, 2016 will be applied as 16:30 Turkey time, as it is. Positions that are open as of October 31, 2016 and whose maturity date are December 1, 2016 and after December 1, 2016 the exercise times that will be in use are stated below. Below stated rules are also valid for the new options.

As from October 31, 2016 for new Fx Currency Option, Alternative Currency (DCD), Gold Option and Alternative Gold (Gold DCD) positions:

Since daylight-saving time will continue in Turkey all year, whilst exercise time on maturity date of transactions with Turkish Lira (TL) will be amended as 12:00 London time and with foreign currency as 15:00 Tokyo time for new FX Currency Option and Alternative Currency (DCD) positions, it will be 14:30 London time for Gold Option and Alternative Gold (Gold DCD) transactions that will be opened as of October 31, 2016.