Asset 1: Payoff on Asset 2 in terms of Asset 1 is based on the following function: Formula: H1 = S12^T / (exp(S12) - 1) T = 1.2 to 2.5

Asset 2: Payoff on Asset 1 in terms of Asset 2, as produced by PAT, differs drastically.

This example, although not representing the payoff of any known exotic option, is included to illustrate that the financially equivalent counterpart can not be intuitively derived from the original payoff as is the case with Put-Call pairing. Portfolios composed of a multitude of various exotic payoffs can look very complicated, much more complicated than is the case displayed here. With the help of PAT, finding a financially equivalent payoff on the opposite side of the market is a simple, straightforward procedure. However, attempting the same with other means is virtually impossible.