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Trigger Power Reverse Dual Currency Note

A power reverse dual currency note (PRDC note) that has a knock-out feature, i.e., a discrete trigger whereby the structure...

Carry Trade

A currency trading/ speculation strategy that involves borrowing in low-interest currencies (low-yielding currencies) in order to invest in high-interest currencies...

Fundamental Factor

An economic or non-economic factor that affects the forex market at any given time. Fundamentals affect the supply of a...

FX Swap

A forex transaction that involves the simultaneous purchase and sale of identical amounts of one currency for another with two...

FX Forward Contract

A FOREX transaction that is individually negotiated between two counterparties to trade a particular currency at an agreed-upon price and...

FOREX

An abbreviation for "foreign exchange". It is a general term referring to trading activities and transactions that take place in...

FX Target Accrual Redemption Note

A target accrual redemption note (TARN) (basically, a long-dated FX product) which allows counterparties to link to floating-rate benchmarks in...

Low

A candlestick formation where there are two candles to the left and two candles to the right that are higher...

Long-Dated FX Product

A foreign exchange product that has a very long maturity (such as 30 years) and is used by investors to...

Utility Token

A tokenized form of a utility such as computation power, cloud space, file sharing, etc. The underlying service is a...