A cash-settled option that sets a minimum limit (floor/ interest rate floor) 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.

Ba’i al-Muwasafah
November 11, 2022
Ba’i al-Murawadah
November 11, 2022
A cash-settled option that sets a minimum limit (floor/ interest rate floor) 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.