A cash-settled option that sets a maximum limit (cap/ interest rate cap) on the spread between two benchmark interest rates each denominated in a different currency.
This option is usually settled in one of the two underlying currencies.

Non-Standard Option
September 17, 2021
Cross-Currency Swap
September 17, 2021
A cash-settled option that sets a maximum limit (cap/ interest rate cap) on the spread between two benchmark interest rates each denominated in a different currency.
This option is usually settled in one of the two underlying currencies.