1. For the purposes of measuring COH in accordance with Article 20 of Regulation (EU) 2019/2033, an investment firm shall include as cash trades any transactions where a counterparty undertakes to trade any of the following:
((a))
transferable securities;
((b))
money-market instruments;
((c))
units in collective investment undertakings;
((d))
exchange traded options.
2. For the purposes of measuring COH of an exchange traded option, the investment firm shall use the options premium used for the execution of that option.