On October 22, 2024, Lufax Holding Ltd announced a significant update to the settlement process for its options trading. Previously, the exercise and assignment of LU, LU1, and LU2 options were conducted through broker to broker settlement as per OCC Information Memo #55406. However, effective from October 21, 2024, these options are now eligible for Continuous Net Settlement (CNS) at the National Securities Clearing Corporation (NSCC). This change means that all exercise and assignment activity for LU, LU1, and LU2 options from October 22, 2024, onwards will be processed through NSCC, streamlining the settlement process. The deliverables for these options remain unchanged, with LU options corresponding to 100 Lufax Holding Ltd American Depositary Shares, LU1 to 25 shares and $59.25 cash, and LU2 to 100 shares and $237.00 cash.

On October 22, 2024, Lufax Holding Ltd announced a significant update to the settlement process for its options trading. Previously, the exercise and assignment of LU, LU1, and LU2 options were conducted through broker to broker settlement as per OCC Information Memo #55406. However, effective from October 21, 2024, these options are now eligible for Continuous Net Settlement (CNS) at the National Securities Clearing Corporation (NSCC). This change means that all exercise and assignment activity for LU, LU1, and LU2 options from October 22, 2024, onwards will be processed through NSCC, streamlining the settlement process. The deliverables for these options remain unchanged, with LU options corresponding to 100 Lufax Holding Ltd American Depositary Shares, LU1 to 25 shares and $59.25 cash, and LU2 to 100 shares and $237.00 cash.