A currency option which is combined with a trigger price feature whereby it is converted into a forward forex contract when the exchange rate hits or breaks out through the trigger price. The trigger price is above (for a put) or below (for a call) the strike price at which the option automatically convertible into a standard forward exchange contract.
Derivatives
Derivatives have increasingly become very important tools in finance over the last three decades. Many different types of derivatives are now traded actively on ...
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