quanto
C2CEFR level
92/100Rarity: very rare
TechnicalRegister
A derivative whose payoff is settled in one currency but references an underlying priced in another.
The quanto let Japanese investors take a view on the US index without any dollar exposure.
Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.
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