The document describes rate-modified cash-settled foreign currency options, which are options on an underlying exchange rate between two currencies. The holder receives the difference between the modified rate and the exercise price in U.S. dollars, multiplied by a multiplier. The document explains how these options resemble cash-settled index options and provides examples of how exchange rates and exercise prices are expressed using a rate-modifier.
documents/vol00010-efta01353478-pdf.pdf
{"document_type":"financial","document_subtype":"financial instrument description","reference_numbers":["EFTA01353478"]}