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.