Common comparison error
Call or put wording in Non deliverable binary option does not necessarily grant the conventional exercise right associated with Derivative.
GlossaryProducts & contracts
Non-deliverable binary option
A contract settled financially without exchanging the underlying asset or currencies.
Practical use
How to verify Non-deliverable binary option
Read Non-deliverable binary option together with Cash-settled binary option, Derivative, Stock binary option. The comparison must preserve the exact rule, value, state, and evidence described below.
A neutral example
Under Non deliverable binary option, the reference crosses a target at 14:02 then ends below at 14:05. The accepted path rule, not the Cash settled binary option screenshot, decides. The scenario is specific to Non deliverable binary option: cash settlement occurs without exchanging the referenced asset or currency principal.
Evidence path
Where to verify Non-deliverable binary option
Use the source that governs the exact contract, account, entity, or platform state. A general definition cannot replace current broker terms.