The document discusses a EURUSD binary option with a strike price of 1.3120, which pays out EUR1 million if the EURUSD falls by more than 5% from current levels. The upfront premium is EUR210k. The document highlights the low FX volatility in currency pairs like EURUSD, making the option inexpensive. It includes a table showing mid-market premiums for different spot and time changes, and a chart displaying EURUSDV1Y currency data from January 1997 to April 2014.
doj/DataSet10/EFTA01453757.pdf
{"key_people":["Yellen"],"document_type":"tabular","key_organizations":["Fed"],"reference_numbers":["DB-SDNY-0111563","SDNY_GM_00257747","EFTA01453757"]}