View source for Best Of Assets Plus Cash Payout Commitment

== Definition ==
'''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)

== Disclaimer ==
This entry annotates a [https://spec.edmcouncil.org/fibo/ FIBO Ontology Class]. FIBO is a trademark and the FIBO Ontology is copyright of the EDM Council, released under the [https://opensource.org/licenses/MIT 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.

[[Category:Options]]

{{#set: isDefinedBy | https://spec.edmcouncil.org/fibo/ontology/DER/DerivativesContracts/Options/index-en.html }}

__SHOWFACTBOX__