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Derivatives


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Instrike


A barrier strike that represents the underlying price at which knock-in options become standard options, i.e., effective and able to pay off, in case that price hits or trades through a specific upper or lower barrier under certain circumstances as set out in the contract. Knock-in options comprise mainly down-and-in calls/down-and-in puts and up-and-in calls/ up-and-in puts.


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