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Automatic exercise
The financial definition for Automatic exercise:
A protection procedure whereby the Options Clearing Corporation attempts to protect the holder of an expiring in-the-money option by automatically exercising the option on behalf of the holder.
Similar MatchesAutomatic Data Processing (ADP)Automatic Data Processing (ADP) Acts as an intermediary to perform proxy services for several banks and brokers. Distributes proxy material to beneficial owners, tabulates the returned proxies, and provides
the Corporation or its tabulator compiled reports of the tabulation results. ADP also distributes quarterly reports and
other corporate information to the beneficial owners.
Automatic extensionAutomatic extension An automatic extension of time granted to a taxpayer to file a tax return.
Automatic funds transferAutomatic funds transfer A transfer of funds from one account or investment vehicle to another using electronic or telecommunications technology.
Further Suggestions Automatic reinvestment
Automatic stay
Automatic withdrawal
National Association of Securities Dealers Automatic Quotation System (Nasdaq)
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