Cash Put Option
Cash Put Option. Option to sell cash at an agreed rate on an agreed date.
In Fx Put and Call refer to the Dealt Ccy, ie. I will put the dealt Ccy" o I will cal the Dealt ccy". The business does use the terms Put and Call. Put and Call are always from the PoV of the option beneficiary, always specifieds the side the bene will put or call. Have to know the Dealt Ccy and that it's to the Beneficiary not the granter of the option. The beneficiary gets to put the dealt ccy. Put X and Call Y in the same contract can also be stated in order to disambiguate, but you don't have to because the DC is already defined.
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