In the event of a distribution, delivery and settlement procedures following the lodgement of an Exercise Notice with the OCC shall be as follows:—
18.11.1 Bonus Issue — Exercise Notice during "Cum Bonus" Period
Where the distribution is in the form of a bonus issue and the Exercise Notice is lodged with the OCC on or after the date the Option Series has commenced trading "cum bonus" but before the "ex date", delivery shall be effected of the Standard Quantity of the underlying securities, including the bonus securities. Where the accruing bonus securities have yet to be received from the issuer, delivery of the bonus securities shall be effected as soon as the issued accruing bonus securities are received from the issuer.
18.11.2 Bonus Issue — Exercise Notice before "Cum Bonus" Period
Where the distribution is in the form of a bonus issue and the Exercise Notice is lodged with the OCC before the period the Option Series has commenced trading "cum bonus" (notwithstanding the seller be advised of the allocation on or after the Option Series commenced trading "cum") delivery shall be effected of the Standard Quantity of the underlying securities only.
18.11.3 Bonus and Rights Issues — Exercise Notices On or After "Ex Date"
18.11.4 Rights Issue — Exercise Notice During "Cum Rights" Period
18.11.5 Rights Issue — Exercise Notice Before "Cum Rights" Period
Where the distribution is in the form of a rights issue and the Exercise Notice is lodged with the OCC before the period the Option Series has commenced trading "cum rights" (notwithstanding the seller be advised of the allocation on or after the Option Series commenced trading "cum") delivery shall be effected of the Standard Quantity of the underlying securities only.
18.11.6 Other Distribution
In the event of any distribution not covered by the foregoing Rules or in the case of any event in respect of which the foregoing Rules apply but is not considered by SGX-ST to be appropriate under the circumstances, SGX-ST or the OCC shall prescribe such delivery and settlement procedures as SGX-ST or the OCC in its sole discretion determines to be fair to the Purchasers or Writers of such Options.
18.11.7 Dividends
In the event of a dividend declared in respect of any underlying securities:—
18.11.8 Seller of Underlying Securities in Short Position
In lieu of delivery of the underlying securities where the seller is in a short position, the OCC may from time to time:—