Deriscope ## The Excel Derivatives Periscope

##### Coverage

Structured_Note

*Structured Note* is a child type of Tradable that represents a financial contract that pays its holder on a specified payment date *T* a payoff amount *A* that is a function of *K* variables *x¹, x², ..., xᴷ* that are observed at a perhaps earlier time *T**

Formally:

*A = ƒ(x¹,x²,...,xᴷ)*

where *ƒ* is a specified real valued function of *K* real variables and the *K* numbers *x¹, x², ..., xᴷ* are associated with *K* specified underlyings *U¹, U², ..., Uᴷ* as follows:

*Uⁱ* is allowed to be either a Tradable or a Quotable

If *Uⁱ* is a *Tradable*, then *xⁱ* equals its price that is calculated as of *T** expressed in units of the common currency specified in Key Structured Note::Payoff Ccy

If *Uⁱ* is a *Quotable*, then *xⁱ* equals its value as of *T**

The thus calculated amount *A* is paid at *T* in units of a specified currency.