Cross Currency fCash

Deposit

The borrowed currency is traded to the lend currency and the entire balance is lent at the same maturity on Notional. The strategy token balance is equal to the fCash lent.

Redeem

The fCash lent is sold for cash and then traded for the borrowed currency.

Settle

After maturity, the fCash lent will convert to a cash balance in the lent currency. This entire balance is traded for the borrowed currency and used to repay the debt. Any additional cash in the borrowed currency is given as profits to accounts. Settlement should happen immediately after maturity.