A cliquet option whose payoff is based on the performance of a set of assets, and implicitly on the correlation among the underlying returns. In each period, the return is calculated on the basis of the returns of underlying assets.
![Fincyclopedia Fincyclopedia](https://fincyclopedia.net/wp-content/uploads/2019/11/Logo-for-Web-01.png)
A cliquet option whose payoff is based on the performance of a set of assets, and implicitly on the correlation among the underlying returns. In each period, the return is calculated on the basis of the returns of underlying assets.
Comments