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sd-10-EFTA01386986Dept. of Justice

EFTA Document EFTA01386986

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From: Xavier Avila Sent: 9/22/2017 8:50:35 AM To: 'Paul Barrett' Martin Zeman CC: Vahe Stepanian , Stewart Oldfield • Davide-A Sferrazza Subject: RE: (fl FX Trade idea: Time to buy USDJPY FVA? [CI Paul, Joshua Shoshan FVA is typically a forward delivered FX straddle, you buy (or sell) the fwd straddle at the preagreed spot price today. Before it settles you have no delta risk as strike not set, once it settles you have delta risk but typically you sell the straddle as you are on

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Dept. of Justice
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sd-10-EFTA01386986
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