Currency 1: Basket Call on Currency 2 and Currency 3 Formula: H1 = max(a*S12 + b*S13 - X, 0)

Currency 2: Unidentified.

Asset 3: Unidentified.

Here is the first example of a truly multi-asset option – a Basket Call option. Basket option can involve any number of currencies, not just three. The financially equivalent payoffs look very similar; they are just "rotated" a bit. It does not matter how simple or complex the financially equivalent payoffs are, PAT always identifies them instantly.