Bank Street Road,Burjuman,Dubai,UAE
Mon-Sat 9am-6pm
24 X 7 online support
A product where the underlying is denominated in one foreign currency but settled at a Fixed Rate in another currency. It uses a Floating Rate of a non-domestic interest rate but applies this to a Notional Amount in a domestic currency. Such products are common amongst speculators looking to gain exposure to foreign assets yet still protecting themselves from exchange rate fluctuations.