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FX Options
FX options are contracts that, for an upfront premium or fee, give the purchaser the right, but not the obligation, to make an FX transaction at some future date at an exchange rate agreed upon today (when the contract is agreed to).
The holder of an FX option will exercise the option only if it is advantageous to do so—that is, if the agreed upon exchange rate for the FX option contract is better than the FX rate available in the market at option expiry.
91FX Swaps:1an;i.e.swap is generally used for multiple periods and payments.
71FX Options:fee,the FX option contract is better than the FX rate available in the market at option expiry.
265What are the responsibilities of the members in reference to the CFA Institute?:Once accepted as a member:每年交述职报告和年费but must not over promise the competency and future investment results.Case
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