The Law Dictionary

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CURRENCY DERIVATIVE Definition & Legal Meaning

Definition & Citations:

An EXCHANGETRADED DERIVATIVE or OVERTHECOUNTER DERIVATIVE with an UNDERLYING reference based on FOREIGN EXCHANGE rates and flows. A currency derivative can be structured as a currency OPTION, currency forward, CURRENCY FUTURE, CURRENCY SWAP, or CURRENCY WARRANT. See also COMMODITY DERIVATIVE, CREDIT DERIVATIVE, EQUITY DERIVATIVE, INTEREST RATE DERIVATIVE.

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