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PIB A4.11.23

Past version: effective from 09/12/2012 - 31/03/2021
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An Authorised Firm must treat:

(a) a written put Option as a long position in the underlying instrument valued at the strike price;
(b) a written call Option as a short position in the underlying instrument valued at the strike price;
(c) a purchased put Option as a short position in the underlying instrument valued at the strike price; and
(d) a purchased call Option as a long position in the underlying instrument equal to the book value of the Option.
Derived from RM111/2012 (Made 15th October 2012). [VER20/12-12]