FTB-C000190 / Market data field

Local Currency

Local currency is the declared currency in which a constituent's selected price, return, or market value is measured before portfolio-level conversion.

Also known asconstituent local currency

Foundation 2 linked topicsPublished

Definitions

In plain terms

A global index can contain constituents measured in many local currencies and later convert them into one base currency.

Technical

The field must distinguish trading, price, denomination, and settlement currency and identify the exact series and market context.

Scope

Local currency is not always the issuer's home-country currency or the instrument's denomination currency.

Examples

  • A governed methodology records local currency with its source, cutoff, units, parameters, and effective version.

Common misconceptions

  • Local Currency does not have one universal implementation without the declared methodology, data basis, and constraints.

Concept relationships

Related

Contrasts with

Where this concept is used

Tutorials planned

These catalogued topics use this concept, but their complete build has not shipped yet.

  • D03-F04-A06 Important
  • D03-F04-A07 Important

Evidence and governance

  1. FTSE Currency Hedging Methodology Overview FTSE Russell, London Stock Exchange Group · first party methodology

    Supports: preferred label, short definition, technical definition

    Limits: Production rates, holidays, currencies, tenors, and calculation details require the full applicable methodology and data licenses.

  2. Fintech Builder Glossary Definition Contract The Fintech Builder · internal governed contract

    Supports: variant distinction

    Limits: Defines governed platform behavior rather than claiming these policies are universally prescribed by external McClellan methodology.

Reviewed by
fintech-builder-batch-004
Last reviewed
2026-07-27
Next review
2027-07-27
Record status
published
Written by

Fintech engineer building market-data and financial systems, and the author of every article, glossary record, and reference implementation on The Fintech Builder.