Best Of Assets Plus Cash Payout Commitment
Best Of Assets Plus Cash Payout Commitment. A commitment to pay out on the best of a number of assets, plus cash.
This type of rainbow effectively has n + 1 payoff possibilities. If we consider a 2 asset "best of plus cash", the payoff at expiry is a choice between Asset 1, Asset 2, or the predetermined cash amount. There is no strike price and the payoff is given as: Rainbow = max(S1, S2, Cash;T)
This entry annotates a FIBO Ontology Class. FIBO is a trademark and the FIBO Ontology is copyright of the EDM Council, released under the MIT Open Source License. There is no guarantee that the content of this page will remain aligned with, or correctly interprets, the concepts covered by the FIBO ontology.
Contributors to this article
URI of an entity that is defined via an imported vocabulary.