Foreign Exchange-Linked Option Transaction (Call Spread)
About 1 min
Foreign Exchange-Linked Option Transaction (Call Spread)
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Transaction Details
| Notional Amount | 【XXX,XXX,XXX.XX】 RMB |
| Settlement Currency | RMB |
| Trade Date | 【XXXX】Y【XX】M【XX】D |
| Option Buyer | XXXX |
| Option Seller | XXXX |
| Initial Valuation Date | 【XXXX】Y【XX】M【XX】D |
| Final Valuation Date | 【XXXX】Y【XX】M【XX】D |
| Maturity Date | 【XXXX】Y【XX】M【XX】D, adjusted according to the business day convention. |
| Interest Period | From (and including) the Initial Valuation Date to (but excluding) the Maturity Date. |
| Business Day | A day when commercial banks in New York and Beijing are open for business (excluding legal holidays). |
| Business Day Convention | 【Following Business Day】 |
| EUR/USD Spot Rate | The spot exchange rate of EUR/USD displayed on Bloomberg "BFIX" page around 3:00 PM Tokyo time on each BFIX pricing day (expressed as the amount of USD per 1 EUR), accurate to 5 decimal places. If the EUR/USD spot rate is not displayed on Bloomberg "BFIX", the applicable rate will be determined by the bank in a commercially reasonable manner and in good faith. |
| Initial Rate | The EUR/USD spot rate on the Initial Valuation Date. |
| Final Rate | The EUR/USD spot rate on the Final Valuation Date. |
| Strike Rate 1 | Xxxxx |
| Strike Rate 2 | Xxxxx 2 (greater than Strike Rate 1) |
| Automatic Exercise | For this transaction, if the Final Rate is greater than or equal to the Strike Rate, the relevant option is deemed exercised at the end of the Final Valuation Date, with the settlement terms as agreed below. Xxxxx and XXXX agree not to exercise this option combination under any other circumstances. |
| Settlement Amount | On the Maturity Date, xxxx shall pay XXXX the amount calculated as follows: a) If the Final Rate is greater than or equal to Strike Rate 1 and less than Strike Rate 2: Notional Amount × (Final Rate - Strike Rate 1) / Strike Rate 1 × Actual Days in Interest Period / 360 b) If the Final Rate is greater than or equal to Strike Rate 2: Notional Amount × (Strike Rate 2 - Strike Rate 1) / Strike Rate 1 × Actual Days in Interest Period / 360 c) Otherwise: Notional Amount × [0%] × Actual Days in Interest Period / 360 |
| Option Premium | On the Maturity Date, XXXX shall pay xxxx the amount calculated as follows: Notional Amount × [*%] × Actual Days in Interest Period / 360 |