EFTA Document EFTA01353425

CHAPTER V DEBT OPTIONS Two kinds of debt options have been approved for trading at the date of this booklet. One kind, called price-based options, are options which give their hold- ers the right either to purchase or sell a specified un- derlying debt security or to receive a cash settlement payment based on the value of an underlying debt security (depending on whether the options are physi- cal delivery or cash-settled options). The other kind, called yield-based options, are options t