This document outlines a financial derivative payout structure based on the EURUSD exchange rate at expiry. It includes a payout of USD10 million if EURUSD is at or below 1.2000 at expiry, and USD0 if above. The expiry date is February 1, 2015, with a premium offer of USD1 million. The document also discusses the implied volatility in EURUSD and potential market catalysts for a EUR sell-off.
documents/vol00010-efta01365120-pdf.pdf
{"title":"EURUSD Derivative Payout and Market Analysis","key_people":["Daniel Sabba"],"document_date":"2014-10-24","document_type":"correspondence","key_locations":["New York, NY"],"document_subtype":"memo","key_organizations":["Deutsche Bank Securities Inc","Deutsche Asset & Wealth Management"]}