Principal Exchange-Rated-Linked Securities (PERLS)
Principal Exchange-Rated-Linked Securities (PERLS)
Definition: A debt instrument with its principal and interest denominated in U.S. dollars, but with principal repayment depending on the exchange rate of the U.S. dollar against a foreign currency.
Definition: A debt instrument with its principal and interest denominated in U.S. dollars, but with principal repayment depending on the exchange rate of the U.S. dollar against a foreign currency.