---
title: "FIX 5.0 SP2 EP292: LegProvisionOptionExerciseLatestTime <40493> field – FIX Dictionary – Onix Solutions"
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# LegProvisionOptionExerciseLatestTime <40493> field

## FIX 5.0 SP2 EP292

### Description

 Type: [LocalMktTime](https://www.onixs.biz/fix-dictionary/5.0.sp2.ep292/index.html#LocalMktTime)

 For a Bermuda or American style option, the latest time on an exercise business day (excluding the expiration date) within the exercise period that notice can be given by the buyer to the seller or seller's agent. Notice of exercise given after this time will be deemed to have been given on the next exercise business day.

### Used In

- [<LegProvisionOptionExerciseDates>](https://www.onixs.biz/fix-dictionary/5.0.sp2.ep292/compBlock_LegProvisionOptionExerciseDates.html)

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