Summary by Moomoo AI
Effective October 21, 2024, Lufax Holding Ltd's options, symbolized as LU, LU1, and LU2, will undergo a significant change in settlement procedures as the National Securities Clearing Corporation (NSCC) will no longer accept exercise and assignment activity for settlement. Consequently, all related options activity will transition to broker-to-broker settlement. The Options Clearing Corporation (OCC) has decided not to impose exercise restrictions on these options, and will continue to process exercise instructions in line with its rules. Deliverables for these options contracts will remain unchanged, with LU options at 100 shares, LU1 at 25 shares plus $59.25 cash, and LU2 at 100 shares plus $237.00 cash. In cases where delivery of shares is not possible, the OCC may delay settlement obligations or consider alternative methods such as cash settlement...Show More
