FA-61804 / Options payoff and settlement / Member archive

Exercise notice acceptance cutoff: the time cutoff is applied to the day before expiry · case 04

Early exercise notices filed the evening before expiry are rejected.

Member previewVariant 4 · 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 earlier-day notices 1	`"late"`	`"accepted"`	Failed

MEMBER ARCHIVE

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