FA-61793 / Options payoff and settlement / Member archive

Exercise notice acceptance cutoff: hours and minutes are compared separately · case 03

A 16:45 notice is late against a 17:30 cutoff.

Member previewVariant 3 · 3 implementations · 8 checks per implementation

Case contract

Inputs expiry date, submission [y,m,d,hh,mm], cutoff [hh,mm], extension minutes and member flag. Notices after the expiry date are "expired"; notices on earlier dates are "accepted"; on the expiry date a notice is accepted if its minute of day <= cutoff (+extension for members), else "late".

Why this case matters

Option expiry, exercise and settlement engines move cash and shares; a wrong branch misstates obligations.

One recorded failure

Sample boundary fixture

This sample comes from the broken implementation of a controlled reproducer.

Boundary fixture	Actual	Expected	Outcome
regression cutoff comparison 1	`"late"`	`"accepted"`	Failed

MEMBER ARCHIVE

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