{"id":179456,"date":"2021-05-12T14:16:00","date_gmt":"2021-05-12T18:16:00","guid":{"rendered":"https:\/\/ibkrcampus.com\/glossary-terms\/exercise-by-exception-processing\/"},"modified":"2023-01-22T13:32:00","modified_gmt":"2023-01-22T18:32:00","slug":"exercise-by-exception-processing","status":"publish","type":"glossary-terms","link":"https:\/\/www.interactivebrokers.com\/campus\/glossary-terms\/exercise-by-exception-processing\/","title":{"rendered":"Exercise by Exception Processing"},"content":{"rendered":"<p>A procedure used by\u00a0OCC\u00a0as an operational convenience for clearing members. Under these proceedings, OCC\u00a0assumes a clearing member tendered exercise notices for options that are in-the-money by threshold amounts, unless specifically instructed not to do so. This procedure protects the owner from losing the intrinsic value of the option because of failure to exercise. Unless instructed not to do so, all expiring equity options held in customer accounts are exercised if they are in-the-money by a specified amount.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A procedure used by\u00a0OCC\u00a0as an operational convenience for clearing members. Under these proceedings, OCC\u00a0assumes a clearing member tendered exercise notices for options that are in-the-money by threshold amounts, unless specifically instructed not to do so. This procedure protects the owner from losing the intrinsic value of the option because of failure to exercise. Unless instructed not to do so, all expiring equity options held in customer accounts are exercised if they are in-the-money by a specified amount.<\/p>\n","protected":false},"featured_media":0,"parent":0,"template":"","meta":{"_acf_changed":false,"footnotes":""},"traders-glossary":[13254,13251],"class_list":{"0":"post-179456","1":"glossary-terms","2":"type-glossary-terms","3":"status-publish","5":"traders-glossary-trading-terms-e","6":"traders-glossary-trading-alphabet"},"pp_statuses_selecting_workflow":false,"pp_workflow_action":"current","pp_status_selection":"publish","acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.9 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Archives Term | IBKR Glossary | IBKR Campus<\/title>\n<meta name=\"description\" content=\"A procedure used by OCC as an operational convenience for clearing members. 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