The document discusses the intrinsic value of foreign currency options, particularly focusing on the impact of exchange rate fluctuations between German marks and British pounds. It highlights the importance of understanding expiration dates for foreign currency options, which differ from other options. The document also explains the special features of dollar-denominated foreign currency options, including how exercise prices are determined and provides examples for British pounds and Japanese yen.
doj/DataSet10/EFTA01393119.pdf
{"document_type":"other","reference_numbers":["DEBDRIYOR98523","SDNY_GM_00244707","EFTA01393119"]}