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.
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.
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