Pre-Pub Sep 2019 Averaging Supplement
Pre-publication Draft of the September 2019 Averaging Supplement to the 1998 FX and Currency Option Definitions (the “Supplement”)
The Supplement provides standard terms and provisions that can be incorporated within confirmations to FX Transactions which include averaging features.
Specifically, the Supplement contains provisions to determine an Averaging Rate in respect of a Forward Rate, a Settlement Rate and a Strike Price.
This is a pre-publication final draft – the expected publication date is Monday, 9th September 2019.