A cross-currency, cash-settled futures contract which has an underlying denominated in one currency (e.g., a foreign currency) and is settled in another currency (e.g., the domestic currency) at a fixed exchange rate. An example is a futures contract on a Japanese stock market index which is settled in US dollars.
Derivatives
Derivatives have increasingly become very important tools in finance over the last three decades. Many different types of derivatives are now traded actively on ...
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