Epstein File EFTA01393159: Deleted and Cash Payment (DS10)

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💨IMPACT LEVEL 1 — MEH

Epstein File EFTA01393159: Deleted and Cash Payment (DS10)

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The document describes financial terminology related to cash-settled options, explaining the mechanisms by which an option owner can receive a cash payment determined by the difference between an underlying interest's value and a fixed exercise price.

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cash payment deleted

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Excerpt 1

this booklet, the sentence at the bottom of page 1 and the top of page 2 which notes that the owner of a cash-settled option has "the right to receive a **cash**

Excerpt 2

**payment** based on the difference between a determined value of the underlying interest at the time the option is exercised and the fixed exercise price

Excerpt 3

On page 29, the second and third paragraphs are **deleted** and replaced with the following paragraphs: A third kind of options, called credit default options