The PHLX trades American and European-style currency options on the Australian dollar, British pound, Canadian dollar, Deutsche mark, European currency unit
, French franc, Japanese yen, and Swiss franc, as well as Deutsche mark/Japanese yen and British pound/Deutsche mark cross rate options.
PHLX is the world's largest cash currency options marketplace and offers trading in Australian dollars, British pounds, Canadian dollars, Deutsche marks, French francs, Japanese yen, Swiss francs, European Currency Units
and the Deutsche mark/Japanese yen cross rate option.
The corporation issues foreign bank drafts and wire transfers in 27 currencies, as well as European Currency Units
(ECU's) and provides foreign currency forward contracts, converts foreign currency checks, buys and sells currencies from more than 120 countries, and offers commission-free travelers checks in ten foreign currencies.
The case was a tortuous affair starting with an initial fine in 1989 of 320,000 ECUs, or European currency units
, the virtual currency used by the Commission before the Euro launch in 1999.
The expenditure of some 526 million European currency units
(ECUs)--equivalent to about half a billion U.
Loans denominated in European currency units
25 billion in European Currency Units
, which were convertible to a dollar value between $1.
From now until December 31, 1992, the insured must have a minimum of 500 employees, annual sales of or exceeding 24 million European Currency Units
(ECUs) and a balance sheet showing a minimum reserve of 12.