Taiwan Stock Exchange - Rules & Regulations Directory

Article NO. Content

Title:

Taiwan Stock Exchange Corporation Directions for the Particulars to be Recorded in Risk Disclosure Statements for Call (Put) Warrants 

Amended Date: 2018.02.14 
Categories: Securities Exchange Market > Trading > Call (Put) Warrants
7
    Where the validity period of knock-out call warrants (callable bull contracts), capped put warrants (callable bear contracts) may be extended, the day on which the closing price of the underlying securities, closing index of the underlying index or simple arithmetic mean trade price of the underlying future during the last minute before 1:30 p.m. reaches the knock-out price or point is deemed the warrant's last trading day; such warrants are deemed to each maturity on the second business day thereafter, and the automatic cash settlement performance method is adopted based on the simple arithmetic mean trade price of the underlying securities, underlying settlement index or settlement price of the underlying future on the first business day following the last trading day of the warrant. If there is no trade price for the underlying security, the base auction price for the opening of trading of the underlying security on the expiration date of the warrants shall be used. If the trading of underlying security or underlying future is halted or suspended on the first business day following the last trading day of the warrants or on the expiry date, the closing price of the underlying security or daily settlement price of the underlying future on the last trading day of the contracts shall be used. The aforementioned underlying settlement index and settlement price and daily settlement price of the underlying future shall be calculated in accordance with Article 11, subparagraphs F and G, and subparagraph H, item g of the TWSE Rules Governing Review of Call (Put) Warrant Listings.
Data Source:Taiwan Stock Exchange - Rules & Regulations Directory
twse-regulation.twse.com.tw