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I couldn't make
the meeting on the 27th August which discussed option Exercise/expiry but could
I make a request to the group? For the option exercise process would it be
possible to have an additional 'notification' message in the process flows for
communicating the decision to parties other than the buy/sell party. London
Clearing House, for example, would need such a message in order to action novated
options. For LCH this
notification message would just require identification of the option trade. For
partial exercise (which LCH don't require but which would need to be covered)
there would need to be some economics to show the partial exercise amount. This
could maybe achieved by making the structures containing the details of the
exercise optional. Regards, Neal Neal Johnston-Ward Consultant Solutions Design LCH.Clearnet *************************************************************************************************
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