CBBC to be expired in the coming month

Sorted by Maturity Date
Updated: 20 February 2026 Download    Print friendly
* Information on settlement (Settlement Instructions) arrangements in CCASS
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No. CBBC Code CBBC Name Issuer Underlying Bull/
Bear
Strike/Call
Currency
Strike Level Call
Level
Entitlement Ratio^ Last Trading Date
(D-M-Y)
Maturity Date
(D-M-Y)
*Last Settlement Date
(D-M-Y)
*Cessation Date for CCASS Eligibility
(D-M-Y)
1. 50282 HS#HSI RC2707R HS HSI Bull - 17800 17900 10000 20-02-2026 29-07-2027 - - #
2. 50284 HS#HSI RC2707S HS HSI Bull - 17913 18013 10000 20-02-2026 29-07-2027 - - #
3. 50288 HS#HSI RC2707U HS HSI Bull - 17650 17750 10000 20-02-2026 29-07-2027 - - #
4. 50452 HS#HSI RC2708G HS HSI Bull - 18088 18188 10000 20-02-2026 30-08-2027 - - #
5. 50609 HS#HSI RC2709B HS HSI Bull - 17750 17850 10000 20-02-2026 29-09-2027 - - #
6. 50610 HS#HSI RC2709C HS HSI Bull - 17988 18088 10000 20-02-2026 29-09-2027 - - #
7. 50611 HS#HSI RC2709D HS HSI Bull - 18128 18228 10000 20-02-2026 29-09-2027 - - #
8. 50612 HS#HSI RC2709E HS HSI Bull - 18259 18359 10000 20-02-2026 29-09-2027 - - #
9. 50866 HS#HSI RC2709I HS HSI Bull - 18300 18400 10000 20-02-2026 29-09-2027 - - #
10. 54014 HS#ALIBARC2602F HS 09988 Bull HKD 116.5 118 100 20-02-2026 23-02-2026 24-02-2026 25-02-2026
11. 54338 HS#HSI RC2607Z HS HSI Bull - 15916 16016 10000 20-02-2026 30-07-2026 - - #
12. 55568 HS#HSI RC2607V HS HSI Bull - 16150 16250 10000 20-02-2026 30-07-2026 - - #
13. 59916 SG#UBTECRC2602A SG 09880 Bull HKD 65 75 100 20-02-2026 26-02-2026 - - #
14. 61074 HS#HSI RC2709S HS HSI Bull - 18550 18650 10000 20-02-2026 29-09-2027 - - #
15. 63028 UB#XPENGRC2602D UB 09868 Bull HKD 53.5 55 100 20-02-2026 23-02-2026 24-02-2026 25-02-2026
16. 63124 HS#HSI RC2708Y HS HSI Bull - 19600 19700 10000 20-02-2026 30-08-2027 - - #
17. 63142 HS#HSI RC2707N HS HSI Bull - 19320 19420 10000 20-02-2026 29-07-2027 - - #
18. 63145 HS#HSI RC2707T HS HSI Bull - 19468 19568 10000 20-02-2026 29-07-2027 - - #
19. 63153 HS#HSI RC27083 HS HSI Bull - 18950 19050 10000 20-02-2026 30-08-2027 - - #
20. 63154 HS#HSI RC27087 HS HSI Bull - 19130 19230 10000 20-02-2026 30-08-2027 - - #
21. 63155 HS#HSI RC27084 HS HSI Bull - 18600 18700 10000 20-02-2026 30-08-2027 - - #
22. 63157 HS#HSI RC2708L HS HSI Bull - 18850 18950 10000 20-02-2026 30-08-2027 - - #
23. 64053 HS#HSI RC2708P HS HSI Bull - 20040 20140 10000 20-02-2026 30-08-2027 - - #
24. 64054 HS#HSI RC2708O HS HSI Bull - 19700 19800 10000 20-02-2026 30-08-2027 - - #
25. 64056 HS#HSI RC2708V HS HSI Bull - 19880 19980 10000 20-02-2026 30-08-2027 - - #
26. 64074 HS#HSI RC2708X HS HSI Bull - 19518 19618 10000 20-02-2026 30-08-2027 - - #
27. 64077 HS#HSI RC2708Z HS HSI Bull - 19368 19468 10000 20-02-2026 30-08-2027 - - #
28. 64095 HS#HSI RC2707H HS HSI Bull - 19850 19950 10000 20-02-2026 29-07-2027 - - #
29. 64555 HS#HSI RC27075 HS HSI Bull - 20164 20264 10000 20-02-2026 29-07-2027 - - #
30. 64562 HS#HSI RC2708U HS HSI Bull - 19200 19300 10000 20-02-2026 30-08-2027 - - #
31. 64585 HS#HSI RC27081 HS HSI Bull - 19000 19100 10000 20-02-2026 30-08-2027 - - #
32. 64651 HS#HSI RC27082 HS HSI Bull - 19800 19900 10000 20-02-2026 30-08-2027 - - #
33. 64659 HS#HSI RC27085 HS HSI Bull - 19550 19650 10000 20-02-2026 30-08-2027 - - #
34. 64664 HS#HSI RC27089 HS HSI Bull - 19250 19350 10000 20-02-2026 30-08-2027 - - #
35. 64666 HS#HSI RC2707B HS HSI Bull - 20388 20488 10000 20-02-2026 29-07-2027 - - #
36. 64668 HS#HSI RC2707E HS HSI Bull - 19988 20088 10000 20-02-2026 29-07-2027 - - #
37. 65263 HS#HSI RC2803C HS HSI Bull - 19588 19688 10000 20-02-2026 30-03-2028 - - #
38. 65275 HS#HSI RC2708N HS HSI Bull - 20288 20388 10000 20-02-2026 30-08-2027 - - #
39. 65805 HS#HSI RC2709W HS HSI Bull - 21050 21150 10000 20-02-2026 29-09-2027 - - #
40. 65956 HS#HSI RC2707O HS HSI Bull - 21188 21288 10000 20-02-2026 29-07-2027 - - #
41. 66229 HS#HSI RC2803M HS HSI Bull - 20088 20188 10000 20-02-2026 30-03-2028 - - #
42. 66469 HS#HSI RC2707K HS HSI Bull - 21128 21228 10000 20-02-2026 29-07-2027 - - #
43. 66497 HS#HSI RC27095 HS HSI Bull - 20250 20350 10000 20-02-2026 29-09-2027 - - #
44. 66592 HS#HSI RC2708K HS HSI Bull - 18768 18868 10000 20-02-2026 30-08-2027 - - #
45. 66630 HS#HSI RC27099 HS HSI Bull - 21328 21428 10000 20-02-2026 29-09-2027 - - #
46. 66861 HS#HSI RC2707A HS HSI Bull - 18718 18818 10000 20-02-2026 29-07-2027 - - #
47. 66864 HS#HSI RC2707F HS HSI Bull - 18890 18990 10000 20-02-2026 29-07-2027 - - #
48. 66885 HS#HSI RC2611B HS HSI Bull - 13900 14000 10000 20-02-2026 27-11-2026 - - #
49. 66887 HS#HSI RC2609M HS HSI Bull - 12400 12500 20000 20-02-2026 29-09-2026 - - #
50. 66892 HS#HSI RC2609O HS HSI Bull - 13650 13750 20000 20-02-2026 29-09-2026 - - #
51. 67064 HS#HSI RC27098 HS HSI Bull - 18570 18670 10000 20-02-2026 29-09-2027 - - #
52. 67071 HS#HSI RC2709U HS HSI Bull - 18830 18930 10000 20-02-2026 29-09-2027 - - #
53. 67074 HS#HSI RC27097 HS HSI Bull - 18700 18800 10000 20-02-2026 29-09-2027 - - #
54. 67075 HS#HSI RC2709N HS HSI Bull - 18964 19064 10000 20-02-2026 29-09-2027 - - #
55. 67081 HS#HSI RC2709T HS HSI Bull - 18350 18450 10000 20-02-2026 29-09-2027 - - #
56. 67259 HS#HSI RC26108 HS HSI Bull - 16650 16750 10000 20-02-2026 29-10-2026 - - #
57. 67424 HS#HSI RC2711R HS HSI Bull - 21080 21180 10000 20-02-2026 29-11-2027 - - #
58. 67431 HS#HSI RC27112 HS HSI Bull - 21250 21350 10000 20-02-2026 29-11-2027 - - #
59. 67611 HS#HSI RC2611H HS HSI Bull - 12650 12750 20000 20-02-2026 27-11-2026 - - #
60. 68741 HS#HSI RC2611U HS HSI Bull - 15050 15150 10000 20-02-2026 27-11-2026 - - #
61. 68748 HS#HSI RC2609H HS HSI Bull - 15150 15250 10000 20-02-2026 29-09-2026 - - #
62. 69092 HS#SMIC RC2602A HS 00981 Bull HKD 50.4 51 100 20-02-2026 23-02-2026 24-02-2026 25-02-2026
63. 69464 HS#HSI RC2707D HS HSI Bull - 16868 16968 10000 20-02-2026 29-07-2027 - - #
64. 69707 HS#HSI RC2611M HS HSI Bull - 15650 15750 10000 20-02-2026 27-11-2026 - - #
65. 56039 UB#XPENGRC2602B UB 09868 Bull HKD 58.5 60 100 23-02-2026 24-02-2026 25-02-2026 26-02-2026
66. 59515 SG#ALIBARC2602K SG 09988 Bull HKD 111.3 112.8 100 24-02-2026 25-02-2026 26-02-2026 27-02-2026
67. 54316 BP#SMIC RC2602C BP 00981 Bull HKD 40.4 41 100 25-02-2026 26-02-2026 27-02-2026 02-03-2026
68. 54398 JP#HSI RC28085 JP HSI Bull - 24750 24850 10000 25-02-2026 30-08-2028 - - #
69. 54556 SG#KUASORC2602A SG 01024 Bull HKD 56.3 58.8 100 25-02-2026 26-02-2026 27-02-2026 02-03-2026
70. 54793 JP#MTUANRP2712C JP 03690 Bear HKD 237.5 235 500 25-02-2026 10-12-2027 - - #
71. 55424 BP#SMIC RC2602L BP 00981 Bull HKD 51.4 52 100 25-02-2026 26-02-2026 27-02-2026 02-03-2026
72. 55707 BP#SMIC RC2602M BP 00981 Bull HKD 56.2 56.8 100 25-02-2026 26-02-2026 27-02-2026 02-03-2026
73. 55975 BP#ALIBARC2602B BP 09988 Bull HKD 132.5 134 100 25-02-2026 26-02-2026 27-02-2026 02-03-2026
74. 56002 SG#SMIC RC2602B SG 00981 Bull HKD 40.2 40.8 100 25-02-2026 26-02-2026 27-02-2026 02-03-2026
75. 56270 BP#ALIBARC2602C BP 09988 Bull HKD 137.5 139 100 25-02-2026 26-02-2026 27-02-2026 02-03-2026
76. 56568 BP#SMIC RC2602N BP 00981 Bull HKD 58.2 58.8 100 25-02-2026 26-02-2026 27-02-2026 02-03-2026
77. 56805 BP#SMIC RC2602D BP 00981 Bull HKD 43.2 43.8 100 25-02-2026 26-02-2026 27-02-2026 02-03-2026
78. 56995 BP#MTUANRC2602D BP 03690 Bull HKD 72.5 75 100 25-02-2026 26-02-2026 27-02-2026 02-03-2026
79. 57006 BP#SMIC RC2602O BP 00981 Bull HKD 60.9 61.5 100 25-02-2026 26-02-2026 27-02-2026 02-03-2026
80. 57198 JP#HSI RC28127 JP HSI Bull - 26140 26240 10000 25-02-2026 28-12-2028 - - #
81. 57585 JP#BYD RP2802H JP 01211 Bear HKD 154 152.667 166.667 25-02-2026 11-02-2028 - - #
82. 57832 JP#BYD RP2802I JP 01211 Bear HKD 157.333 156 166.667 25-02-2026 11-02-2028 - - #
83. 58995 JP#HSI RP2810A JP HSI Bear - 27580 27480 10000 25-02-2026 30-10-2028 - - #
84. 59186 SG#TENCTRC2602B SG 00700 Bull HKD 507.5 510.5 500 25-02-2026 26-02-2026 27-02-2026 02-03-2026
85. 59212 SG#ALIBARC2602I SG 09988 Bull HKD 107.3 108.8 100 25-02-2026 26-02-2026 27-02-2026 02-03-2026
86. 59576 HS#TENCTRC2602A HS 00700 Bull HKD 509.5 512.5 500 25-02-2026 26-02-2026 27-02-2026 02-03-2026
87. 59596 JP#HSI RC2812E JP HSI Bull - 25920 26020 10000 25-02-2026 28-12-2028 - - #
88. 60006 BP#SMIC RC2602E BP 00981 Bull HKD 46.2 46.8 100 25-02-2026 26-02-2026 27-02-2026 02-03-2026
89. 60129 JP#MTUANRP2710B JP 03690 Bear HKD 204.5 202 500 25-02-2026 15-10-2027 - - #
90. 60185 BP#SMIC RC2602A BP 00981 Bull HKD 37.7 38.3 100 25-02-2026 26-02-2026 27-02-2026 02-03-2026
91. 60345 JP#MTUANRP2710C JP 03690 Bear HKD 198.5 196 500 25-02-2026 15-10-2027 - - #
92. 62195 SG#SENTMRC2602A SG 00020 Bull HKD 1.15 1.21 5 25-02-2026 26-02-2026 27-02-2026 02-03-2026
93. 63242 JP#HSI RC2807X JP HSI Bull - 24673 24773 10000 25-02-2026 28-07-2028 - - #
94. 64360 JP#HSI RC2807Y JP HSI Bull - 24550 24650 10000 25-02-2026 28-07-2028 - - #
95. 65439 JP#HSI RC2810H JP HSI Bull - 25630 25730 10000 25-02-2026 30-10-2028 - - #
96. 66460 BP#NTES RC2602A BP 09999 Bull HKD 136 138 500 25-02-2026 26-02-2026 27-02-2026 02-03-2026
97. 68621 BP#SMIC RC2602I BP 00981 Bull HKD 49.2 49.8 100 25-02-2026 26-02-2026 27-02-2026 02-03-2026
98. 68985 SG#SMIC RC2602E SG 00981 Bull HKD 54.2 54.8 100 25-02-2026 26-02-2026 27-02-2026 02-03-2026
99. 69056 BP#SMIC RC2602J BP 00981 Bull HKD 54.2 54.8 100 25-02-2026 26-02-2026 27-02-2026 02-03-2026
100. 69097 SG#WUXI RC2602A SG 02269 Bull HKD 7.2 9 100 25-02-2026 26-02-2026 27-02-2026 02-03-2026
101. 69406 UB#SMIC RC2602C UB 00981 Bull HKD 50.4 51 100 25-02-2026 26-02-2026 27-02-2026 02-03-2026
102. 54497 MS#ALIBARC2602A MS 09988 Bull HKD 124.6 126 100 26-02-2026 27-02-2026 02-03-2026 03-03-2026
103. 59184 SG#TENCTRC2602A SG 00700 Bull HKD 497.5 500.5 500 26-02-2026 27-02-2026 02-03-2026 03-03-2026
104. 59222 SG#ALIBARC2602J SG 09988 Bull HKD 103.7 105.2 100 26-02-2026 27-02-2026 02-03-2026 03-03-2026
105. 59324 SG#SMIC RC2602C SG 00981 Bull HKD 44.2 44.8 100 26-02-2026 27-02-2026 02-03-2026 03-03-2026
106. 60291 SG#UBTECRC2602B SG 09880 Bull HKD 75 85 100 26-02-2026 27-02-2026 02-03-2026 03-03-2026
107. 63209 SG#ALIBARC2602N SG 09988 Bull HKD 113.3 114.8 100 26-02-2026 27-02-2026 02-03-2026 03-03-2026
108. 69405 UB#SMIC RC2602B UB 00981 Bull HKD 54.4 55 100 26-02-2026 27-02-2026 02-03-2026 03-03-2026
109. 55212 HS#ALIBARC2603R HS 09988 Bull HKD 124 125.5 100 27-02-2026 02-03-2026 03-03-2026 04-03-2026
110. 56475 CT#ALIBARC2603A CT 09988 Bull HKD 63.2 64.7 100 27-02-2026 02-03-2026 03-03-2026 04-03-2026
111. 57095 HS#SMIC RC2603J HS 00981 Bull HKD 57.9 58.5 100 27-02-2026 02-03-2026 03-03-2026 04-03-2026
112. 58014 UB#SMIC RC2603A UB 00981 Bull HKD 42.5 43.1 100 27-02-2026 02-03-2026 03-03-2026 04-03-2026
113. 64024 HS#SMIC RC2603C HS 00981 Bull HKD 35.9 36.5 100 27-02-2026 02-03-2026 03-03-2026 04-03-2026
114. 65834 HS#TENCTRC2603C HS 00700 Bull HKD 417 420 500 27-02-2026 02-03-2026 03-03-2026 04-03-2026
115. 65489 UB#SMIC RC2603E UB 00981 Bull HKD 46.4 47 100 02-03-2026 03-03-2026 04-03-2026 05-03-2026
116. 59608 UB#SMIC RC2603B UB 00981 Bull HKD 44.4 45 100 04-03-2026 05-03-2026 06-03-2026 09-03-2026
117. 68925 UB#SMIC RC2603H UB 00981 Bull HKD 52.4 53 100 05-03-2026 06-03-2026 09-03-2026 10-03-2026
118. 54787 HS#WUXI RC2603C HS 02269 Bull HKD 18.5 20 50 06-03-2026 09-03-2026 10-03-2026 11-03-2026
119. 56018 HS#ALIBARC2603S HS 09988 Bull HKD 135.5 137 100 06-03-2026 09-03-2026 10-03-2026 11-03-2026
120. 56885 HS#KUASORC2603A HS 01024 Bull HKD 58.5 61 100 06-03-2026 09-03-2026 10-03-2026 11-03-2026
121. 56886 HS#SMIC RC2603D HS 00981 Bull HKD 42.4 43 100 06-03-2026 09-03-2026 10-03-2026 11-03-2026
122. 66243 HS#TENCTRC2603D HS 00700 Bull HKD 427 430 500 06-03-2026 09-03-2026 10-03-2026 11-03-2026
123. 56419 UB#ALIBARC2603B UB 09988 Bull HKD 73.5 75 500 09-03-2026 10-03-2026 11-03-2026 12-03-2026
124. 64726 UB#SENTMRC2603C UB 00020 Bull HKD 1.22 1.28 5 09-03-2026 10-03-2026 11-03-2026 12-03-2026
125. 68668 UB#SMIC RC2603G UB 00981 Bull HKD 48.4 49 100 11-03-2026 12-03-2026 13-03-2026 16-03-2026
126. 54132 JP#BOCL RP2603A JP 03988 Bear HKD 5.28 5.2 10 12-03-2026 13-03-2026 16-03-2026 17-03-2026
127. 54457 JP#NTES RC2603C JP 09999 Bull HKD 151 153 500 12-03-2026 13-03-2026 16-03-2026 17-03-2026
128. 55917 JP#ALIBARC2603F JP 09988 Bull HKD 131.5 133 100 12-03-2026 13-03-2026 16-03-2026 17-03-2026
129. 55918 JP#ALIBARC2603G JP 09988 Bull HKD 134.5 136 100 12-03-2026 13-03-2026 16-03-2026 17-03-2026
130. 58967 JP#SENTMRC2603B JP 00020 Bull HKD 1.12 1.18 5 12-03-2026 13-03-2026 16-03-2026 17-03-2026
131. 61383 HS#SMIC RC2603G HS 00981 Bull HKD 45.4 46 100 12-03-2026 13-03-2026 16-03-2026 17-03-2026
132. 65058 JP#BAIDURC2603A JP 09888 Bull HKD 75.5 77.5 100 12-03-2026 13-03-2026 16-03-2026 17-03-2026
133. 65522 JP#LENOVRC2603A JP 00992 Bull HKD 5.77 6.07 50 12-03-2026 13-03-2026 16-03-2026 17-03-2026
134. 68539 JP#NTES RC2603A JP 09999 Bull HKD 145 147 500 12-03-2026 13-03-2026 16-03-2026 17-03-2026
135. 68756 JP#POMRTRP2603B JP 09992 Bear HKD 365 358 500 12-03-2026 13-03-2026 16-03-2026 17-03-2026
136. 69772 HS#TENCTRC2603F HS 00700 Bull HKD 477 480 500 13-03-2026 16-03-2026 17-03-2026 18-03-2026
137. 54956 UB#ALIBARC2603A UB 09988 Bull HKD 93.66 95.16 500 16-03-2026 17-03-2026 18-03-2026 19-03-2026
138. 55546 UB#SMIC RC2603L UB 00981 Bull HKD 56.4 57 100 18-03-2026 19-03-2026 20-03-2026 23-03-2026
139. 67493 UB#INBIORC2603D UB 01801 Bull HKD 65.4 70 100 18-03-2026 19-03-2026 20-03-2026 23-03-2026
140. 49771 SG#DJIA RC2603A SG DJI Bull - 42650 43000 390000 19-03-2026 20-03-2026 23-03-2026 24-03-2026
141. 49774 SG#NQ100RC2603A SG NDX Bull - 22300 22500 234000 19-03-2026 20-03-2026 23-03-2026 24-03-2026
142. 49776 SG#S&P RC2603A SG SPX Bull - 6150 6200 46800 19-03-2026 20-03-2026 23-03-2026 24-03-2026
143. 49778 MS#DJIA RC2603A MS DJI Bull - 43150 43500 390000 19-03-2026 20-03-2026 23-03-2026 24-03-2026
144. 49781 MS#S&P RC2603A MS SPX Bull - 6050 6100 46800 19-03-2026 20-03-2026 23-03-2026 24-03-2026
145. 49783 MS#NQ100RC2603A MS NDX Bull - 22400 22600 234000 19-03-2026 20-03-2026 23-03-2026 24-03-2026
146. 49798 HS#DJIA RC2603A HS DJI Bull - 42650 43000 390000 19-03-2026 20-03-2026 23-03-2026 24-03-2026
147. 49800 HS#NQ100RC2603A HS NDX Bull - 22000 22200 234000 19-03-2026 20-03-2026 23-03-2026 24-03-2026
148. 49808 JP#NQ100RC2603A JP NDX Bull - 23300 23500 234000 19-03-2026 20-03-2026 23-03-2026 24-03-2026
149. 49811 JP#NQ100RC2603B JP NDX Bull - 22800 23000 234000 19-03-2026 20-03-2026 23-03-2026 24-03-2026
150. 49812 JP#DJIA RC2603A JP DJI Bull - 44650 45000 390000 19-03-2026 20-03-2026 23-03-2026 24-03-2026
151. 49814 JP#S&P RC2603A JP SPX Bull - 6150 6200 46800 19-03-2026 20-03-2026 23-03-2026 24-03-2026
152. 49818 UB#NQ100RC2603A UB NDX Bull - 23300 23500 234000 19-03-2026 20-03-2026 23-03-2026 24-03-2026
153. 49819 UB#DJIA RC2603A UB DJI Bull - 44750 45100 390000 19-03-2026 20-03-2026 23-03-2026 24-03-2026
154. 49820 SG#DJIA RC2603B SG DJI Bull - 43650 44000 390000 19-03-2026 20-03-2026 23-03-2026 24-03-2026
155. 49822 SG#NQ100RC2603B SG NDX Bull - 23300 23500 234000 19-03-2026 20-03-2026 23-03-2026 24-03-2026
156. 49823 SG#NQ100RC2603C SG NDX Bull - 22800 23000 234000 19-03-2026 20-03-2026 23-03-2026 24-03-2026
157. 49825 SG#S&P RC2603B SG SPX Bull - 6250 6300 46800 19-03-2026 20-03-2026 23-03-2026 24-03-2026
158. 49840 MS#S&P RC2603B MS SPX Bull - 6350 6400 46800 19-03-2026 20-03-2026 23-03-2026 24-03-2026
159. 49842 MS#NQ100RC2603B MS NDX Bull - 23400 23600 234000 19-03-2026 20-03-2026 23-03-2026 24-03-2026
160. 49844 MS#DJIA RC2603B MS DJI Bull - 44850 45200 390000 19-03-2026 20-03-2026 23-03-2026 24-03-2026
161. 49848 SG#S&P RC2603C SG SPX Bull - 6350 6400 46800 19-03-2026 20-03-2026 23-03-2026 24-03-2026
162. 49849 SG#DJIA RC2603C SG DJI Bull - 44650 45000 390000 19-03-2026 20-03-2026 23-03-2026 24-03-2026
Notes:
# Early withdrawal of listing was occurred prior to its maturity. Please refer to the relevant issuer's announcement published on HKEXnews website for details. For CCASS Participants, please refer to the CCASS broadcast message for latest information on settlement arrangements.

^ The entitlement ratio in general represents the number of CBBCs required to be exercised into one share or one unit of the underlying asset (subject to any adjustments as may be necessary to reflect any capitalization, rights issue, distribution or the like).