TERMIUM Plus^®

Record 1,  Textual support,  English

Record number: 1, Textual support number: 1 CONT

A low exercise price option (LEPO) is a call option with an exercise price set deep in-the-money. The limiting case, a zero exercise price option, is when the strike price is zero. It is virtually certain to be exercised and the value and performance of its intrinsic value is effectively identical to that of the underlying equity. These features are designed to allow participation in the performance of an equity price where there are legal or financial obstacles to purchasing the underlying [equity] directly.  2, record 1, English, - low%20exercise%20price%20option

Record 1,  Textual support,  French

Record number: 1, Textual support number: 1 DEF

Option d'achat dont le prix d'exercice a été établi à un niveau relativement bas, profondément dans le cours, de sorte qu'il est pratiquement certain qu'elle sera exercée et que sa valeur intrinsèque correspond effectivement à celle du sous-jacent.  2, record 1, French, - option%20%C3%A0%20bas%20prix%20d%27exercice

Record number: 1, Textual support number: 1 OBS

Ce type d'option est utilisé lorsqu'il y a des obstacles financiers ou juridiques empêchant l'acquisition du sous-jacent lui-même.  2, record 1, French, - option%20%C3%A0%20bas%20prix%20d%27exercice

Record 1,  Textual support,  Spanish