The local currency or accounting currency of an investor or a securities issuer. In forex, it is the first currency…
It stands for equity-linked foreign exchange option; a compo option that gives the holder the right to trade a foreign…
It stands for currency-protected swap. A cross currency basis swap which doesn’t involve currency conversion. For example, assume short-term interest…
A cross currency basis swap which doesn’t involve currency conversion. For example, assume short-term interest rates in Japan are very…
A quanto option which gives the holder the right to sell a foreign asset (e.g., a share of stock) and...
A quanto option which gives the holder the right to buy a foreign asset (e.g., a share of stock) and...
The simultaneous purchase and sale of an identical amount of one currency (base currency) for another (foreign currency) with two...
The first currency in a currency pair. It is the basis for the buy or the sell: if an investor...
An option on an option which is made up of a strip of European digital or binary options. In this...
A derivative instrument which is used for hedging the exchange rate risk associated with non-convertible currencies. By definition, a non-deliverable...
