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Contract Type Trade Value Date 01 June 2002 Premium Pay Date 01 Jun 2002 Strike price 50 INR/USD Current Spot Rate 52 INR/USD Option Style Plain Vanilla Expiration Style American Earliest Exercise Date 15 Oct 2002 Barrier Type Double Knock Out Barrier 53 INR/USD Lower Barrier 48 INR/USD Rebate 100 AUD Payment At Maturity Barrier Window Start Date 01 Sep 2002 Barrier Window End Date 01 November 2002 Maturity Date 31 Description 2002 Since the exchange rate between USD/GBP on inception is 1.5, the counter currency amount (Contract amount in counter currency) is 1000*1.5 = 1500 GBP. On 01-Jun-2002 the booking event will trigger with the following contingent entries. Since the other entries have already been explained we will not be explaining those entries again. Suppose the LCY is INR. Let us assume the rate between USD/INR is 40 and GBP/INR 30. The LCY amount for contract currency amount = 1000*40 =40000 8-17
