EBU Single Rulebook Q&A 13 October 2016 2016_2942 Annex V, Section 2.4: Market Benchmarking Portfolios. Definition of Portfolio 16 (FX)

Please confirm that the NYC Closing on 13 October 2016 should be used for the determination of the barrier. For determination of the upper barrier level and the lower barrier level the initial spot price (USD/EUR) should be used. The initial spot price is defined as USD/EUR on 13 October 2016. While the reference date is explicitly stated, the reference rate, which should be used, is not defined.