An option on the minimum or maximum of two risky assets where the quantity is adjusted by a multiple of the payoff to another option on the minimum or maximum of two other risky assets. For example, assume an option is sold to a firm which does accounting in the U.S dollars on the maximum of two Japanese stocks (x, y) converted into either British pounds or Euro at prespecified exchange rate ( pound/yen, Euro/yen) and valued in U.S dollars at the future spot rate.