FX accumulators back in HK
HONG KONG - Foreign exchange accumulators are seeing a revival in Hong Kong, despite hefty losses linked to the products last year, as low volatility improves risk appetite among investors.
Accumulators are zero-cost options-based forwards offering buyers a more favourable rate than the vanilla forwards market - as the notional accumulates periodically over the life of the contract provided spot stays within pre-determined levels on specific dates. The products were at the
centre of a series of
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