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Derivatives >> Option
 
   For those companies that need to reduce their exposure under a specific index, currency or interest rate, Banco Votorantim offers a hedge instrument that represents the right to buy or sell a specific currency or asset at a determined price up to or at a specific date.

   The instrument can be characterized by:

   Call: The holder pay a fee for the right to buy or sell an asset or currency, at a determined price up to or at a specific date.

   Put: The seller receives a fee and has the future obligation to sell an asset or a currency at a determined price up to or at a specific date.

 
See also:
 
Non-Deliverable Forward
 
Swap
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