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Strategies & Market Trends : Telebras (TBH) & Brazil
TBH 0.403-0.7%12:39 PM EST
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To: Steve Fancy who wrote (1373)3/31/1998 4:34:00 PM
From: Steve Fancy  Read Replies (2) of 22640
 
Below is my response from CBOE regarding the TBR privatization and options. I called the 800 number and talked to a manager...bottom line, they have no idea and details may not be available until just before whatever happens. He did suggest that a portion of the options may be a cash settlement. I did learn that apparently the OCC (options clearing corp) ultimately determines how options will be handled. I have a number for the OCC and will see if I can obtain further information.

sf
==============================
Date: Tue Mar 31 12:45:53 GMT+00:00 1998
From: Doorbell #1 <invsrv1@cboe.com>
To: smfmlf@centuryinter.net

Dear Steve,

Thanks for your message. Please give us a call at 1-800-OPTIONS and a representative will attempt to assist you.
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